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Hexaware Technologies' stock has recently seen gains, driven by a weaker rupee and anticipated US interest rate cuts potentially boosting IT spending. Despite a modest revenue growth in the June quarter due to client spending reductions, the company is improving profitability through increased offshore revenue and employee utilization.
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News and Media
ESAF Small Finance Bank is set to raise 300-500 crore in tier-1 capital, anticipating a business turnaround from the third quarter. The bank aims to bolster its capital adequacy ratio and fund expansion plans. A board meeting is scheduled for September 20 to finalize the fundraising details, including the instrument and modalities.
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News and Media
The findings present a contrast to the relatively upbeat tone struck by several of the countrys largest banks. Lenders have argued that consumers remain broadly stable and that the overall quality of their credit portfolios has not shown significant cracks. At the same time, wider economic data suggests the labour market is cooling, which could affect future repayment capacity.
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News and Media
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