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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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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ICFAI Business School Opens IBSAT 2026 Slot Booking and Flexible December Test Schedule for MBA/PGPM Admissions

HYDERABAD, India, Oct. 30, 2026 /PRNewswire/ — ICFAI Business School (IBS) has officially opened the slot booking portal for the IBSAT 2026 entrance examination, introducing a candidate-centric test schedule designed to provide candidates with enhanced flexibility. Aspirants applying for the two-year, full-time MBA and PGPM programs (2027–29) across all nine IBS campuses can now select their preferred test dates and time slots for the December examination window.

The IBSAT 2026 exam is an online, remote-proctored entrance test with a syllabus similar to CAT and other national management entrance exams. It comprises 140 questions across four sections—Verbal Ability, Reading Comprehension, Quantitative Aptitude, and Data Adequacy & Data Interpretation—to be completed in 2 hours.

Flexible Test Schedule and Slot Booking

To offer seamless scheduling, IBSAT 2026 will be conducted across eight distinct test dates spread across four consecutive weekends in December 2026: December 5th, 6th, 12th, 13th, 19th, 20th, 26th, and 27th. Candidates can select between two daily exam slots:

• Morning Slot: 11:00 AM
• Afternoon Slot: 3:00 PM

Because seat availability for each test date and time window is limited, applicants are encouraged to complete their slot booking early to secure their preferred schedule.

How to Book Exam Slots

1. Visit the official portal at ibsat.org and login.
2. Click on the Schedule IBSAT option in the left navigation menu.
3. Click on the book slot link
4. Log in using your Application Number and Password (sent via email from ibsat@ibsindia.org).
5. Choose your preferred test date and time slot.

Results and Timeline

Under the updated structure, exam results and scholarship allotments will be announced on December 7th, 14th, 21st, and 28th, immediately following each test weekend. This rolling declaration provides candidates with quick outcome clarity and sufficient lead time to arrange travel and logistics for the centralized selection process, scheduled for February 2027 at IBS Hyderabad. Specific dates will be communicated directly to the candidates.

National Mock Tests and Rewards

To assist candidates in their preparation, ICFAI Business School (IBS) is offering free online mock tests on ibsat.org. Two national mock test windows remain open on November 21st and December 9th. Over 5,000 aspirants have participated in previous sessions. The top 100 rankers in the national mock tests will be awarded performance cash prizes:

• 1st Prize: ₹2,00,000
• 2nd Prize: ₹1,00,000
• 3rd Prize: ₹50,000
• 4th to 100th Rankers: ₹5,000 each

Selection Briefings & Alternate Entrance Scores

In January 2027, ICFAI Business School (IBS) will host selection briefings across major cities nationwide. Dates and venues will be communicated directly to candidates, providing them an opportunity to interact with senior faculty members and alumni.

Candidates planning to submit CAT, XAT, NMAT by GMAC™, or GMAT™ scores are also strongly advised to submit their applications early. Applying early allows candidates to complete their profile registration and receive invitations to the local selection briefings ahead of their official scorecard releases. Throughout the application cycle, designated IBS Information Officers remain available to assist applicants by conducting mock interview rounds.

About IBS Hyderabad

ICFAI Business School (IBS), Hyderabad is a constituent of the ICFAI Foundation for Higher Education. Offering an AACSB-accredited, two-year, full-time MBA program, ICFAI Business School (IBS) combines case-based learning with rigorous corporate exposure. It is ranked 21st by Business Today (2026), 46th in the NIRF rankings (2025), and 3rd globally in the Case Impact Index (2025). Campus placement reports for the Class of 2026 are accessible online at ibsindia.org, while real-time placement updates for the Class of 2027 will be shared during the upcoming selection process. 

Contact:

Office: IBS Admission Office, Plot No. 65,

Nagarjuna Hills, Punjagutta,

Hyderabad – 500082

Toll-Free: 1800 425 55 66 77

Phone: 040 – 23440963

Email: ibsat@ibsindia.org

Websites: ibsat.org | ibsindia.org

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Hon Hai Technology Group (Foxconn) Unveils 3 Distinctive EV Models At HHTD26

• MODEL A+ expands B2B product portfolios in fastest-growing B-segment SUV
• MODEL K+ SUV playful styling gives nostalgic touches of Japan with neo city pop
• MODEL K taps into kei-class trucks with design language of MODEL T
• Flexing CDMS strength to accelerate electromobility for automotive clients

TAIPEI, Oct. 30, 2026 /PRNewswire/ — Hon Hai Technology Group (Foxconn) (TWSE: 2317) on Friday flexed its contract design and manufacturing service (CDMS) strength for automotive clients by unveiling three new reference electric vehicles aimed at under-penetrated markets, while offering cost competitive options and flexible design platforms. 

Two eye-catching SUVs, the MODEL A+ and MODEL K+, alongside the MODEL K compact truck, extend Foxconn’s electromobility progress into the kei-class trucks popular in Japan and brings the Group’s EV range to a total of 12 reference models.

“The new reference EVs join Foxconn’s emerging ecosystem in electromobility that is accelerating time-to-market, time-to-cost and time-to-technology for our customers and partners,” said Jun Seki, Foxconn Chief Strategy Officer for EV.

All three new models were on display at Hon Hai Tech Day 2026 (HHTD26), the flagship annual technology conference of the world’s largest electronics manufacturer and the world premiere stage for the Group’s B2B electric vehicles. On the exhibition floor in Taipei, Foxconn’s electromobility ecosystem included demos of full stack, made in Taiwan battery developments from materials to cells and packs to BMS; E/E architecture; and powertrains for E2W and E3W.

Among EVs on display, a right-hand drive MODEL B gave attendees a chance to check out the result of CDMS collaboration, while onstage, Honda R&D and Mitsubishi Electric Mobility discussed, in separate remarks, their electromobility developments with Foxconn.

MODEL A+

An expressive luxury style yet authentic SUV for affluent drivers, the MODEL A+ is a deliberate move to expand B2B product portfolios in the fastest-growing B-segment SUV. With In-Wheel Motor technology and selectable EEA, a wild exterior design but ultimate space interior addresses flood capability emergencies, temporary living space and backup power for glamping and camping electromobility lifestyles.

MODEL K+

This is an expressive yet affordable SUV designed for active youth. Playful styling with nostalgic touches recall Japan’s city pop music era of the ’70s and ’80s, but with a neo city pop take for the modern day. The highly distinctive lifestyle SUV for a niche market targets B2B looking to develop their own brand’s lifestyle SUV EV, as well as OEMs looking to offer affordable yet distinctive vehicles for younger customers. With In-Wheel Motor technology, the MODEL K+ offers personalization of exterior, interior, driving range, and EEA for purpose-built capability at a competitive price.

MODEL K

This is a functional yet futuristic truck for forward-thinking business owners. Aimed at the specialized commercial kei truck class, the MODEL K finds use as last-mile and mobility service applications. Its alignment to support compliance to environmental regulations makes it attractive for decarbonization-focused entrepreneurs, municipalities, and government agencies while offering lower total cost of ownership (TCO) through reduced energy and maintenance costs. A functional beauty, inspired by the design language of Foxconn’s award-winning MODEL T electric bus, the canopy-ready MODEL K conceptualizes a lower bed height and longer bed length.

Other reference EV models to-date:

• MODEL T large bus
• MODEL C passenger SUV
• MODEL E luxury sedan
• MODEL B crossover SUV
• MODEL V truck
• MODEL N cargo van
• MODEL D LMUV
• MODEL U midi-bus
• MODEL A modular B-segment

About Foxconn here.

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