Rupee Matters

  As Ganesh Chaturthi approaches, the push for eco-friendly celebrations is gaining traction. Amid rising environmental concerns, notable personalities like Salman Khan, Amruta Fadnavis, and Abhay Bhutada are stepping up to promote sustainable festivities. Their united efforts were prominently featured at the Bacche Bole Morya event, organized by Amruta Fadnavis' Divyaj Foundation, which has sparked considerable interest. Encouraging Eco-Conscious Ganesha Idols The Bacche Bole Morya event was held on August 28 at the Dome SVP Stadium in Worli, Mumbai. More than just a celebration, it served as a platform for raising environmental awareness. Bollywood superstar Salman Khan passionately called on attendees to choose terracotta or other eco-friendly materials for their Ganesha idols. "Let’s set an example and use earth-friendly materials for our Ganeshas this year," Khan urged, drawing enthusiastic applause. Khan’s message struck a chord with the audience, many of whom were

  Poonawalla Fincorp Limited has achieved a significant milestone, boasting a Gross Non-Performing Assets (GNPA) ratio below 1% and a Net NPA (NNPA) below 0.5% as of May 31, 2024. This achievement marks a turning point for the company and highlights the exceptional leadership at Poonawalla Fincorp. A Transformation Under New Leadership In 2021, the Poonawalla Group acquired Magma Fincorp, marking the beginning of a transformative journey. Poonawalla Fincorp has experienced significant growth, both in scale and quality. This transformation has been driven by a strategic business model, robust risk management, and improved collection efficiency. Also Read: Unveiling Abhay Bhutada’s Salary Journey And Impact As MD Of Poonawalla Fincorp Impressive Financial Metrics Before the acquisition, the legacy Magma had an Assets Under Management (AUM) of ₹11,631 crore and a GNPA of 8.23%. Fast forward to March 2024, Poonawalla Fincorp has not only doubled its AUM to ₹25,003 crore but also reduced it