IndoStar Capital Finance Limited: Q2 FY’27 Disbursements ₹1,399 crore up 51% vis-à-vis Q2 FY’26

IndoStar Capital Finance Limited: Q2 FY’27 Disbursements ₹1,399 crore up 51% vis-à-vis Q2 FY’26

AUM as at September 30, 2026, stood at ₹8,459 crore

MUMBAI, India, Oct. 30, 2026 /PRNewswire/ — (ICF or IndoStar or the Company), a retail focused, middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter and half year ended September 30, 2026, earlier today.

IndoStar is focused on secured, high yielding lending across Used Vehicle Finance (VF) and Micro Loans Against Property (M-LAP), targeting the credit needs of underbanked, underserved and income-generating segments across tier 3, 4 & 5 markets.

Operational and Financial Highlights (ICF standalone):

• Disbursements during the quarter increased by 51% YoY to INR 1,399 crore, reflecting strong business momentum across the company’s focus segments.
• Asset Under Management (AUM) grew to INR 8,459 crore as of September 30, 2026, representing a 12% YoY growth.
• Net Interest Income (NII) crossed INR 200 crore, marking growth of 27% YoY (10% QoQ).
• Pre-provision Operating Profit rose to INR 109 crore with a YoY growth of 58%.
• The Company continued to strengthen its funding profile, with its weighted average cost of funds declining to 9.7% in Q2 FY27 from 10.4% in Q2 FY26, an improvement of 70 basis points. Incremental cost of funds in the quarter stood at 9.1%.
• As of September 30, 2026, Gross Stage 3 assets stood at 4.5%, while Net Stage 3 assets were 2.4%.

Progress on strategic initiatives:

IndoStar continued to make progress on its key strategic priorities:

• Prudent Risk Governance:
  • Maintained a disciplined approach to credit risk through comprehensive borrower assessment, selective customer onboarding, and proactive identification of potential stress indicators.
• Portfolio Growth:
  • Vehicle Finance and Micro LAP expanded by 3% and 29% QoQ, respectively, contributing to higher retail loan volumes and reflecting the Company’s emphasis on secured lending segments.
• New to Credit:
  • The portfolio continued to have limited exposure to new-to-credit customers.
• Network Expansion:
  • Expanded the branch network to 475 locations across 24 states and union territories, adding 7 branches during the quarter and scaling the Micro LAP business through the existing Vehicle Finance network, with co-located Micro LAP branches increasing from 125 to 154.

Key Performance Highlights (ICF Standalone):

About IndoStar Capital Finance Limited

IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a middle-layered NBFC. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned entity engaged in providing used and new commercial vehicle financing and providing loans to small business owners.

For more information, visit www.indostarcapital.com.

(BSE: 541336) (NSE: INDOSTAR) (ISIN: INE896L01010) (CIN: L65100MH2009PLC268160)

Safe Harbor

This document is to provide the general background information about the Company’s activities as at the date of the release. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This release may include certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ”expects”, “plans”, ‘will”, “estimates”, “projects”, or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers of this release are cautioned not to place undue reliance on these forward-looking statements. This release may contain certain currency exchange rates and the same have been provided only for the convenience of reader.

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Huawei Releases Industry O&M Solutions

 —Agentic AI Redefining the New O&M Paradigm

SHANGHAI, Oct. 30, 2026 /PRNewswire/ — The Industry O&M Session of HUAWEI CONNECT 2026 was held at the Shanghai Expo Center under the theme “Agentic AI Redefining the New O&M Paradigm.” At the event, Huawei released its latest 2026 industry O&M solutions and launched the initiative for developing the O&M Agent Research Report (2026), aiming to accelerate digital and intelligent O&M transformation, foster ecosystem co-construction, and drive high-quality industry development.

MindOps Platform Upgrade and New Industry O&M Solutions

Leveraging digital twins and the domain-specific model, Huawei has built full-cycle O&M capabilities spanning pre-event, in-process, and post-event stages through human–agent collaboration. Four enhanced solutions were introduced to help enterprises strengthen business assurance and boost operational efficiency.

Based on the MindOps platform, Huawei officially released a suite of industry O&M solutions: Smart NOS 5.0, Exclusive Government Service 3.0, Power Specific Service 3.0, and Transportation Specific Service 3.0.

Smart NOS 5.0: Built on the domain-specific O&M model, this solution enhances network emergency repair with risk identification and fault governance agents. Knowledge extraction and service-aware troubleshooting agents autonomously resolve 80% of deterministic faults. The financial fault diagnosis operational room facilitates collaborative consultation, cutting incident rates from hidden risks by 50% and improving cross-domain fault demarcation efficiency by 30%.

Exclusive Government Service 3.0: Designed to tackle e-Government cloud challenges such as limited service awareness, complex cross-layer troubleshooting, and underutilized resources, this solution upgrades AI-assisted integrated O&M capabilities. Intelligent resource query and emergency troubleshooting agents increase resource visibility and fault locating efficiency, while the unified digital resource management platform streamlines approval workflows and duplicate project checks, raising resource usage by 17%.

Power Specific Service 3.0 and Transportation Specific Service 3.0: Fault diagnosis and FME Mate agents are integrated into MindOps. The power solution strengthens risk prevention and intelligent troubleshooting, reducing fault demarcation time from one hour to just 15 minutes. Meanwhile, the transportation solution enhances cross-domain fault analysis to boost O&M efficiency by 40%, while integrated O&M services further improve the availability and operational efficiency of smart highway systems.

Looking ahead, Huawei will remain committed to its customer-centric approach, working closely with industry customers and partners to continuously innovate ICT O&M services, deepen scenario-specific applications, and build a robust ecosystem that underpins digital and intelligent transformation across all sectors.

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No Blackbuck Deaths in Ganjam Floods, Forest Officials Confirm Animals Safe

Ganjam, Oct 30 (UDN): Amid reports of blackbucks being swept away by powerful floodwaters in Odisha’s Ganjam district, the state government has clarified that no deaths of the animals have been reported. The blackbucks caught in the strong currents reportedly managed to cross the river and reach a nearby forest safely.

In a statement issued on Friday, the Odisha Information and Public Relations (I&PR) Department said concerns had emerged over the safety of blackbucks following the severe flooding in southern Odisha.

The department clarified that although some animals were carried away by the force of the floodwater, they successfully crossed the river and reached a nearby forest area.

Forest Department Confirms No Wildlife Casualties

Citing reports received from the concerned Divisional Forest Officers (DFOs), the I&PR Department said no blackbuck fatalities had been reported in connection with the incident.

Officials confirmed that the animals involved in the incident were safe, offering relief amid concerns that the flooding could have caused casualties among wildlife in the district.

Blackbucks Reach Forest Area Despite Strong Currents

The clarification comes after reports circulated that blackbucks had been swept away by the rising floodwaters in Ganjam.

According to the official account, the animals managed to negotiate the strong currents, cross the river and reach a nearby forest area.

The incident had raised concerns among wildlife watchers and residents about the impact of the floods on animals in the affected region.

Authorities Monitor Wildlife Situation

The government’s clarification has allayed immediate concerns over blackbuck deaths linked to the incident. The Forest Department’s reports indicate that no casualties have been recorded so far.

As flood conditions continue to affect parts of Ganjam, the safety of wildlife remains an important concern alongside the protection of people and property.

Authorities have urged the public to rely on official updates regarding the situation.

Times Internet Unveil 1838 Reserve in Delhi, Bringing Together Indian Art, Heritage and Exceptional Dining

Inspired by the theme ‘India’s Heritage Reimagined’, the exclusive card features original artwork by master artist Krishen Khanna and was unveiled at 18:38 hours at an intimate cultural gathering celebrating Indian art, music and gastronomy.

NEW DELHI, Oct. 30, 2026 /PRNewswire/ — Times Internet, the digital arm of the Times of India Group unveiled 1838 Reserve at Sujagi, New Delhi, bringing together India’s artistic legacy, folk traditions and contemporary culinary excellence. Anchored in the theme India’s Heritage Reimagined, the launch was conceived as a cultural experience that celebrated the country’s inheritance while looking towards the possibilities shaping its future.

The card was ceremonially unveiled at precisely 18:38 hours, a moment that connects its name to the founding year of The Times of India in 1838. The evening unfolded across three chapters—What We Inherit, What We Carry Forward and What We Create—bringing together an open-air gallery of works by Padma Bhushan awardee Krishen Khanna, a performance of The Manganiyar Seduction conceived and directed by acclaimed theatre director Roysten Abel, and an exclusive culinary experience featuring Nisaba by Chef Manish Mehrotra and a five-course dinner curated by Chef Garima Arora.

Designed for founders, investors, creators, industrialists and leaders shaping modern India, 1838 Reserve is envisioned as more than a financial instrument. It represents a distinctive expression of Indian heritage, craftsmanship and contemporary ambition.

At the heart of its design is a bespoke physical motif created in collaboration with Krishen Khanna, the 101-year-old master artist and recipient of the Padma Bhushan and Padma Vibhushan. Inspired by his celebrated Bandwala series, the artwork brings the artist’s distinctive interpretation of India’s people and cultural identity to the card, transforming it into a wearable expression of art.

The unveiling was preceded by an open-air gallery showcasing a curated selection of Khanna’s works. The journey through the artworks culminated in the central installation, where the card was revealed as a work of art rather than through a conventional product launch. The presentation reflected the larger philosophy behind 1838 Reserve: that India’s future is shaped by those who understand its inheritance, reinterpret it for their time and leave something meaningful behind.

The evening’s second chapter celebrated India’s living musical traditions through The Manganiyar Seduction, conceived and directed by Roysten Abel. The internationally acclaimed production brings together more than 40 musicians from Rajasthan’s Manganiyar community, translating a musical heritage passed down through generations into a contemporary theatrical spectacle.

The performance’s distinctive illuminated stage, featuring a four-tiered structure of individual performance pods, progressively came alive with light and sound as the musicians performed instruments including the kamaicha, khartal and dholak. Building from a single Sufi vocalist to a powerful musical crescendo, the production offered an evocative expression of how India’s traditional art forms can be reinterpreted for contemporary audiences without losing their cultural roots.

The evening culminated in a celebration of contemporary Indian gastronomy. Guests experienced culinary creations from Nisaba by Chef Manish Mehrotra, followed by an exclusive five-course sit-down dinner curated by Chef Garima Arora, chef-owner of Gaa, Bangkok, the two-MICHELIN-starred restaurant.

Recognised as the first Indian woman to earn a MICHELIN Star and the first female Indian chef to earn two MICHELIN Stars, Chef Arora brought her distinctive culinary perspective to the gathering. Flying in from Bangkok for the occasion, she presented a menu rooted in Indian flavours and memories, interpreted through a contemporary global culinary language.

Together, the evening’s three chapters brought the philosophy of 1838 Reserve to life—honouring the country’s artistic and cultural inheritance while celebrating the individuals and ideas shaping its next chapter.

1838 Reserve has been designed for a select community of individuals who are actively shaping India’s economic, entrepreneurial and cultural landscape. Key benefits include:

• Personalised travel assistance: Visa application handling at the cardholder’s doorstep and fast-track immigration access at international airport terminals.
• Dedicated lifestyle management: A 24/7 personal lifestyle manager offering concierge assistance, including priority reservations at Michelin-starred restaurants and curation of distinctive experiences.
• Premium lifestyle privileges: Four annual Royal Signature grooming sessions at Truefitt & Hill, complimentary luxury villa stays through Lohono Stays, and select lifestyle gifts from brands such as Marshall, Smeg or Le Creuset.
• Global hospitality and lifestyle status: Privileges across participating programmes, including Accor+ Gold, GHA DISCOVERY Titanium, Harrods Gold and Banyan Tree Voyager.
• Exclusive access: VIP seating for RCB IPL matches and invitations to marquee Times Group leadership forums, including the ET Startup Awards and World Leaders Forum.

Harshita Singh, Business Head, Financial Services, Times Internet, said: “1838 Reserve is a celebration of legacy and craftsmanship, bringing together our heritage along with work of art by Krishen Khanna. It reflects the spirit of everything the Times of India Group has stood for since 1838.”

Krishen Khanna, Padma Bhushan and Padma Vibhushan awardee, added: “Art reflects the aspirations of its era. With 1838 Reserve, my work moves from the canvas into the hands of those actively shaping India’s future. By bringing together brands that are quintessentially Indian at heart, this card puts the very best of India into a single, contemporary expression of our shared journey.”

Avi Kumar, CMO FNP (Ferns n Petals): “Luxury today is about creating experiences that feel distinctive and stay with you. At FNP Luxe, we bring this to life through bespoke décor, considered gifting and artisanal details that make every occasion feel exceptional.

For the unveiling of 1838 Reserve, they chose FNP Luxe for our distinctive approach to luxury—bringing Indian artistry, heritage and contemporary design together in a way that is uniquely ours.”

About Times Internet

Times Internet, the digital arm of The Times of India Group, is India’s largest internet network, reaching over 450 million monthly users across news, sports, fintech, credit cards, loyalty and premium subscriptions in English and a wide range of Indian languages.

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Zoomlion Unveils 1,600-Horsepower 9DX Hybrid Tractor for Large-Scale Farming

CHANGSHA, China, Oct. 30, 2026 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) unveiled its 9DX hybrid tractor at the 2026 China International Agricultural Machinery Exhibition on Oct. 26. With a peak output of 1,600 horsepower, the model is described by the company as the world’s most powerful tractor and is designed for sustained, heavy-duty operations on very large farms. The launch, followed by a global dealer conference, highlighted Zoomlion’s latest progress in agricultural machinery innovation and international partnerships.

The 9DX features a digital chassis, core components and control systems developed in-house. Its high-horsepower hybrid continuously variable transmission technology and 800-volt dual-motor coupling system deliver peak torque of 7,200 newton-meters, supporting demanding field operations with large agricultural implements.

A hydraulic flow rate of 636 liters per minute supports wide seeders, large tillage equipment and variable-rate fertilizer applicators. The tractor uses a four-track drive system with proprietary 762-millimeter-wide tracks to help reduce surface soil compaction. A fully suspended cab with independent suspension provides a smoother ride for the operator.

The 9DX expands Zoomlion’s hybrid agricultural machinery portfolio. At the exhibition, the company also displayed advanced intelligent machinery and implements, alongside precision farming technologies, software platforms and smart hardware, demonstrating how equipment and digital tools can work together in agricultural operations.

Alongside its expanding product range, Zoomlion is strengthening engagement with global partners. On Oct. 28, the company welcomed more than 230 partners from around the world to its 2027 Global Agricultural Machinery Dealer Conference at Zoomlion Smart Industry City in Changsha to discuss agricultural technologies, products and market opportunities.

Speaking at the conference, Zoomlion Chairman and CEO Zhan Chunxin said agricultural machinery is one of the company’s most important strategic businesses. Drawing on its strengths in technology, manufacturing, management and supply chains, Zoomlion provides global markets with equipment and operating solutions covering the full agricultural cycle, from tillage and planting to crop management, harvesting and storage.

During the event, overseas partners visited intelligent factories and agricultural machinery testing laboratories, viewed equipment and autonomous operation demonstrations, and toured production bases in Kaifeng and Changde. Test drives of tractors and rice harvesters provided opportunities for hands-on evaluation and technical exchanges. Partners from more than 20 countries, including Spain, Türkiye, Australia, Brazil and Egypt, signed commercial agreements with Zoomlion, supporting further market cooperation.

Guided by its “High-End, International, and New Energy” strategy, Zoomlion will continue to advance agricultural machinery innovation and international market development. Zhan said the company would build on its strengths to deliver better products, services and support, further develop its industry ecosystem, and work with customers and partners to expand opportunities for growth.

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TAT spotlights Thai wellness as Phuket hosts Global Wellness Summit 2026

Global wellness leaders gather from 10–13 November as TAT co-hosts to present “Healing is the New Luxury”

BANGKOK, Oct. 30, 2026 /PRNewswire/ — The Tourism Authority of Thailand (TAT) will showcase Thai wellness as Phuket prepares to host the Global Wellness Summit (GWS) 2026 from 10–13 November. Organised by the Department of Thai Traditional and Alternative Medicine (DTAM), with TAT, the Thailand Convention and Exhibition Bureau (TCEB) and Phuket Province as co-hosts, the summit will provide an international platform for TAT to present Thailand’s distinctive healing traditions and travel experiences, supporting the country’s ambition to become a “Global Health & Healing Destination”.

Held at Angsana Laguna Phuket under the theme “The Science, Art & Soul of Wellness”, the summit is expected to welcome around 600 Thai and international delegates, including wellness industry leaders, investors, entrepreneurs, academics and medical experts. As host destination, Phuket offers established wellness services, natural surroundings and Thai hospitality, while providing a gateway to experiences nationwide.

Her Majesty Queen Suthida Bajrasudhabimalalakshana is scheduled to preside over the official opening ceremony on 11 November and deliver the opening address. The four-day summit will feature international industry discussions, innovation showcases, networking activities and an exhibition of wellness products, services and tourism experiences.

The programme opens on 10 November with delegate welcome activities and evening receptions. Following the royal opening on 11 November, keynote presentations, plenary sessions, panel and roundtable discussions will examine global wellness developments, complemented by networking opportunities.

On 12 November, highlights include a student-focused “Shark Tank of Wellness” competition, Innovation Lab and Gala Evening. The summit concludes on 13 November with additional industry discussions, innovation showcases and the Global Wellness Summit 2027 host destination announcement.

Ms. Thapanee Kiatphaibool, TAT Governor, said, “The Global Wellness Summit in Phuket gives Thailand a valuable opportunity to share its wellness heritage with international industry leaders. Thai wellness combines traditional healing knowledge, nature, cuisine, culture and the genuine care of Thai hospitality. As a co-host, TAT aims to connect these experiences with international markets, creating opportunities for Thai businesses and communities while positioning Thailand as a destination for meaningful travel and wellbeing.”

TAT’s participation supports its promotion of Thailand’s Health & Wellness tourism through “Healing is the New Luxury”, reflecting growing demand for restorative, meaningful travel. Aligned with its Value over Volume direction, the approach prioritises quality experiences, international service standards and economic benefits for local communities.

At the summit, TAT will present “Thailand Wellness Journey: The Ultimate Healing Sanctuary” through a dedicated exhibition booth showcasing wellness routes across Thailand’s five regions. The display brings together traditional medicine, massage, cuisine, cultural heritage and natural resources to highlight Thailand’s potential for physical and mental restoration.

DTAM will present regional Thai massage traditions, herbal products and food-based wellness, while TCEB will showcase Thailand’s international meetings and events capabilities. The Sustainable Tourism Development Foundation will highlight Phuket’s local crafts and cultural heritage.

Other exhibitors include Amathopia (food innovation), Laguna (spa experiences), and BDMS Wellness Clinic and Chiva-Som (wellness service innovations). The Government Pharmaceutical Organization and research and life-sciences agencies will present healthcare products and related technologies, reflecting the range of Thailand’s wellness industry.

TAT will build international connections beyond the summit by linking Thai wellness operators with overseas partners and developing travel experiences that combine health and healing with gastronomy, culture and community life. This reflects TAT’s “Transform Together” approach under Thailand’s 2027 tourism direction, supporting public-private collaboration, greater local value and the ambition to become “Asia’s No.1 High-Value & Meaningful Destination”.

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