Credifin Limited Raises $24.9M for Expansion Jalandhar-based NBFC Credifin Limited secured US$24.9 million (Rs. 213.6 crore) through a mix of equity (6.7%) and debt (93.3%) to fuel its growth in mortgage loans and electric vehicle financing. The company onboarded new lenders like Northern Arc Capital and ICICI Bank, strengthening its mission of financial inclusion across 13 Indian states.
U.S. Mortgage Rates Hit Two-Month High The U.S. 30-year mortgage rate surged last week, impacting homebuyers and the housing market. This rise, reported by Reuters, reflects ongoing economic pressures and could influence borrowing costs across sectors.
Auto Industry Faces Tariff Fallout New auto tariffs have prompted carmakers to close factories, lay off workers, or shift production, according to The New York Times. The policy, effective last week, is reshaping global supply chains and raising costs for consumers.
Apple Boosts Renewable Energy Efforts Apple’s 2024 environmental report highlights significant carbon emission reductions and increased renewable energy use, reinforcing its sustainability commitments amid global scrutiny of tech giants’ environmental impact.
Hero MotoCorp Halts Production Hero MotoCorp paused operations at four manufacturing plants, leading to a nearly 3% drop in its shares. The move, reported by Moneycontrol, signals potential supply chain disruptions in the Indian two-wheeler market.
