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SEBI proposes scrapping merchant banker mandate for small-value debt issues

New Delhi, Aug. 28 -- The Securities and Exchange Board of India has proposed granting an exemption from mandatory appointment of a merchant banker for small-value debt issued by listed companies thro... Read More


India could hit $5.1 trillion by FY29, says OmniScience Capital

New Delhi, Aug. 28 -- India's economy could reach $5.1 trillion by FY29 under a base case scenario, according to an analysis released Friday by OmniScience Capital, citing improving banking sector hea... Read More


Subhash Chandra speaks out on NCLT allegations, airs plans to go to Switzerland

New Delhi, Aug. 28 -- Zee Group Founder Subhash Chandra in a video message challenged the allegations of financial swindling against him in light of the repayment allowance by the NCLT and aired plans... Read More


Fino Payments Bank on course to submit its readiness to RBI on transitioning to a SFB by Q4FY27, says Interim CEO

New Delhi, Aug. 28 -- Fino Payments Bank Ltd (FPBL) is advancing well and remains on track to meet RBI stipulated conditions for transition to Small Finance Bank (SFB), according to Interim CEO Ketan ... Read More


Monarch PMS expects gold to hit $4,700 an ounce by year end

New Delhi, Aug. 28 -- Monarch PMS expects gold prices to trade between $4,300-$4,700 an ounce and silver at $70-$85/ounce by end-2026 as its base case, with a 55 per cent probability. The scenario as... Read More


ICICI Bank shares slide 1.32% amid $1 billion bond issuance and employee stock allotment

New Delhi, Aug. 28 -- Shares of ICICI Bank Limited fell 1.32 per cent on the National Stock Exchange on Friday, trading at Rs.1,424 as of 12.06 PM, down Rs.19 from the previous close of Rs.1,443. The ... Read More


Coforge-Pega deal sends stock surging 3.4% as IT partnership deepens

New Delhi, Aug. 28 -- Coforge Limited announced on Friday an expanded strategic partnership with Pegasystems Inc., giving the Indian IT services firm broader commercial rights to package, brand, and s... Read More


MSMEs face costlier finance, working capital squeeze under RBI's proposed NBFC credit curbs: FISME

New Delhi, Aug. 27 -- The Reserve Bank of India's (RBI) proposal to prohibit revolving credit facilities offered by non-banking financial companies (NBFCs) could significantly disrupt working-capital ... Read More


Operating profit growth of manufacturing companies improved significantly in Q1: RBI

New Delhi, Aug. 27 -- Despite significant increase in input costs, operating profit growth of manufacturing companies improved significantly to 21.3 per cent (year-on-year/y-o-y) during Q1(April-June)... Read More


IHCL announces its first branded villa project, expands presence in segment

New Delhi, Aug. 27 -- Indian Hotels Company Ltd (IHCL) has announced its first branded villa project at Lonavala near Mumbai expanding its presence in the segment. The project is spread across 34 acr... Read More