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RBI proposes bank-like norms for big NBFCs

MUMBAI: Large non-banking finance companies (NBFCs) are likely to be more intensely regulated and their lending to sensitive sectors like capital markets and...

IPO financing rule to hit subscription

MUMBAI: RBI’s proposal to cap IPO financing by NBFCs to up to Rs 1 crore per person may lead to a sharp drop...

Gold Falls Over 1%, Pinched By Firm Dollar But On Course For Weekly Gain

Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a firm dollar,...

RIL Q3 Results: Reliance Industries Q3 net profit rises 12% to Rs 13,101 crore | India Business News

NEW DELHI: Reliance Industries Limited (RIL) on Friday reported a 12.6 per cent rise in its consolidated net profit for the third quarter...

GlobalWafers Raises Takeover Bid For Siltronic To $5.1 Billion

BERLIN: Taiwan’s Globalwafers raised its takeover offer for Germany’s Siltronic by 450 million euros ($547 million) on Friday as...

China cracks down on fake divorces that let people buy more properties

NEW DELHI: A resurgence in real estate prices in Shanghai and Shenzhen has prompted authorities to rein in speculation, in line with the...

Budget halwa ceremony: Customary halwa ceremony to be held on January 23 | India Business News

NEW DELHI: The customary halwa ceremony, which marks the process of printing documents for the Union Budget, will be hosted by the finance...

flydubai barred from bringing passengers to Chennai till January 31 after passenger tests Covid positive

NEW DELHI: Tamil Nadu has barred UAE's flydubai from flying in passengers to the state till the month-end after the budget carrier brought...

China, U.S. To Fuel Remy Cointreau Recovery After Strong Third Quarter

PARIS: French spirits group Remy Cointreau beat third-quarter sales forecasts on Friday and said it was confident that demand...

Sensex plunges 746 points to close at 48,879; Nifty settles below 14,400

NEW DELHI: Equity indices plunged on Friday with the benchmark BSE sensex falling nearly 750 points, dragged by bank and metal stocks. The...

Iran Says Oil Product Exports Hit Record High Despite U.S. Sanctions

DUBAI: Iran has achieved record high exports of petroleum products despite U.S. sanctions, Oil Minister Bijan Zanganeh said in...

Rupee Edges 4 Paise Lower to 73.03 Against USD in Early Trade

The rupee slipped 4 paise to 73.03 against the US dollar in opening trade on Friday in line with cautious domestic equities. However,...

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