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Harshvardhan Lunia resigned as Lendingkart Finance MD in June. The company awaits RBI approval for a new MD recommended by Fullerton Financial Holdings. Lendingkart reported a significant loss of 288 crore in FY25, a stark contrast to the previous year's profit. Fullerton holds a 44% stake in Lendingkart Technologies.
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News and Media
SEBI reports a significant surge in net losses for retail equity derivatives traders, reaching 1.05 lakh crore in fiscal 2025, a 41% increase from the previous year. Despite measures to tighten norms and reduce index options turnover, a large majority of retail traders continue to experience losses.
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Nifty 50 companies are projected to experience a modest 4.6% net profit increase and a 4.5% revenue rise for the June 2025 quarter, marking the first single-digit profit growth in nine quarters. Muted demand persists, impacting revenue growth for the fourth consecutive quarter.
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News and Media
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