Microfinance lender Spandana Sphoorty Financial faces fresh troubles over fundraising as some minority shareholders get ready to challenge the plan to allot preference shares in favour of private equity firm Kedaara Capital, the principal investor with 45.5% holding.

Pursuant to this transaction, Japan-based Monotaro will hold a 51.6 per cent stake in IB Monotaro while Emtex Engineering, representing the promoter group and early investors, will hold a 22.4 per cent stake in the company.

As per the affidavit submitted in the NCLAT by IL&FS, from October 1, 2018 to November 30, 2021, IFIN has been able to recover funds from over 30 borrowers amounting to ₹2,343 crore. The GNPA of the non-bank lender stands at 99% of its total loan exposure.

The Nasdaq has tumbled almost 19% from its record-high close on Nov. 19, nearing a 20% decline that many investors view as the definition of a bear market.

Tesla’s 50-year-old chief executive officer remains the richest person in the world, according to the Bloomberg Billionaires Index. Still, Musk has seen $71.7 billion wiped out from his fortune so far this.

Gold prices rose on Thursday towards a nine-month high hit earlier this week, as investors sought refuge in safe havens after Ukraine declared an emergency and the West imposed more sanctions on Russia for sending troops into eastern Ukraine.

Manish Malhotra, Raghavendra Rathore, Anamika Khanna and Pankaj & Nidhi have seen their initial drops of digital artworks selling in minutes

Brent surged to $100.04 a barrel after the announcement, as concerns grew about a full-scale conflict in eastern Europe.

​​At 9.20 am, the BSE Sensex was ruling at 55,904.72, down 1,327.34 points or 2.3 per cent. The NSE Nifty slipped below 16,600 but recovered. It was trading at 16,668.40, down 394.85 points or 2.31 per cent. Asian peers were down up to 3.3 per cent.

Barring Terra all of top digital tokens were trading lower. Avalanche plunged more than 7 per cent, whereas Bitcoin, Ethereum, Cardano, and Dogecoin tumbled between 4 and 5 per cent.