Spandana Sphoorty cuts Q3 losses as NPAs fall and disbursements rise

Spandana Sphoorty narrowed its December-quarter loss to Rs 95 crore as asset quality improved and collections stabilised. Gross NPAs declined, disbursements rose sequentially, but loan book contraction, write-offs and covenant non-compliance kept the microfinance lender in the red this quarter.

Mindspace REIT records 29% on-year growth in Q3 NOI at Rs 671 crore

Mindspace Business Parks REIT posted strong December-quarter performance, with net operating income rising 29% and revenue up 27%. Leasing momentum stayed robust, occupancy touched 94.5%, distributions increased, debt costs fell, and portfolio expansion continued across key Indian office markets nationwide.

Industry Trends

ESA’s Solar Orbiter Reveals How Magnetic Avalanches Trigger Solar Flares

New observations from ESA’s Solar Orbiter show that solar flares can be triggered by cascading magnetic disturbances. During a close solar pass, the spacecraft captured fine details of twisted magnetic fields repeatedly breaking and reconnecting, creating a magnetic “avalanche” that amplified a small instability into a powerful flare. The findings offer new insight into how the Sun releases vast amounts of energy.