RBI Governor red flags high dependence of NBFCs on bank loans

Mumbai (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday expressed grave concern over the high “concentration” of credit that NBFCs were availing from banks to finance their lending operations and said this has emerged as “a…

Profit booking in broader markets as investors flock to IPOs

New Delhi (IANS) The broader market witnessed some profit booking as investors' focus shifted to the primary market, marked by a set of IPOs scheduled for this week, says Vinod Nair, Head of Research at Geojit Financial Services.

Despite…

Rupee fails to recover despite fall in US dollar

Mumbai (IANS) The rupee failed to recover in morning trade on Tuesday despite a weak dollar and was hovering at the previous day’s record low of 83.34 against the US greenback at 11.28 a.m.

Although the dollar index fell to 103.20, its lowest…

Unsecured lending may now see much slower growth for few months

New Delhi (IANS) With many new players entering the unsecured lending segment, specifically dependent on app-based lending, the segment may now see a much slower growth for at least a few months, Motilal Oswal Financial Services said in a report.

Byju's delays final settlements of laid-off workers again: Report

New Delhi (IANS) After shifting the date of the full and final settlement of laid-off employees from September to November, edtech major Byju's has once again delayed the payment.

Moneycontrol connected to about 60 workers who were sacked…

Primary market splurge - Five issues on offer, choose wisely

New Delhi (IANS) The Diwali week continued bringing good tidings for investors and Dalal Street even after ‘Muhurat’ trading on Sunday the 12th of November. The week saw gains on two of the four trading sessions but the weekly gains were much bigger…

RBI approves Hinduja Group entity acquisition of Reliance Capital

Mumbai (IANS) The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday.

The move finally clears the path for Hinduja Group entity -- IndusInd International Holdings Ltd (IIHL) -- to acquire the company.

United India Insurance logs Rs 204.30 cr profit for Q2

Chennai (IANS) Concluding the turnaround story of the three public sector general insurers, United India Insurance Company Ltd has declared a net profit of Rs 204.30 crore for the second quarter of FY24 from a loss of Rs 347.44 crore logged during…

Adani Group junks charges of favouritism in Dharavi revamp project’s TDR ‘benefits’

Mumbai (IANS) The Adani Group on Saturday denied allegations of irregularities in the Maharashtra government’s recent notification pertaining to modifications in the Development Control (DC) rules for the ambitious Dharavi Redevelopment Project (DRP).

SoftBank reportedly selling stake worth $150 mn in logistics firm Delhivery

New Delhi (IANS) Japanese investment giant SoftBank is going to sell its stake worth $150 million in logistics firm Delhivery, media reported on Thursday.

According to Moneycontrol, citing sources, SoftBank is likely to sell the shares which…