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Alternative investment policy: Sebi rejigs panel

MARKET REGULATOR SEBI has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space.

Bank loans rise 19.8% in July

BANK LOANS ROSE 19.8% year-on-year (y-o-y) in July aided by the impact of the merger of Housing Development Finance Corporation with HDFC Bank. In addition, a growth in personal loans also lifted the overall loan growth.

NBFCs seek TDS relook

Want intervention from RBI as move stifling secondary bond market

Arcil looking for global partners to buy ₹5,500-cr soured loans

ASSET RECONSTRUCTION COMPANY (Arcil), the distressed assets investor backed by Avenue Capital Group, is looking for global partners to buy as much as ₹5,500 crore of soured loans this year.

X plans video, audio calls, to collect biometric data

X, THE SOCIAL network that used to be known as Twitter, updated its privacy policy to include a new kind of user data it plans to collect: biometric.

4 nations reject China's new claims

THE PHILIPPINES, MALAYSIA, Taiwan and Vietnam have rejected as baseless a map released by China that denotes its claims to sovereignty including in the South China Sea and which Beijing said on Thursday should be viewed rationally and objectively.

Microsoft to split Teams, Office in EU to avoid penalties

MICROSOFT WILL STOP packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators.

UBS flags cost reduction after $29 bn Credit Suisse windfall

BANK WILL CUT 3,000 DOMESTIC JOBS, SAVE $10 BN

UPI transactions may have crossed 10 billion in Aug

TRANSACTIONS ON THE unified payments interface (UPI) are likely to have crossed the all-time high of 10 billion in August. Also, in terms of value, transactions are likely to have crossed ₹15 trillion in the same month, projections made on the basis of the available data show.

Fund houses remain upbeat on IT stocks

12 tech-focused funds launched since the beginning of 2022

Property registrations in Mumbai hit decadal high

AUGUST SEES A 23% Y-O-Y INCREASE

NCLAT seeks Zee's response to IDBI Bank plea for involvency

A DAY AFTER the Securities Appellate Tribunal (SAT) gave no interim relief to Zee Entertainment promoter Punit Goenka against the confirmatory order of the Securities and Exchange Board of India (Sebi) issued on August 14th, the National Company Law Appellate Tribunal (NCLAT) has sought its response to an appeal filed by IDBI Bank pertaining to an insolvency plea against the company.

Royal Enfield to keep investing in petrol engines: Lal

ROYAL ENFIELD, WHICH will launch an electric motorcycle in 2025, has moved beyond the prototype stage and the product is being tested right now, Siddhartha Lal, MD & CEO of Eicher Motors - the parent company of Royal Enfield - told FE on Thursday.

Apple and Samsung say no to laptops as India mkt too small

Apple's vendor BYD has already set shop in Vietnam

IMD predicts 'normal' rainfall in September

OVERALL, MONSOON MAY BE BELOW NORMAL

Pvt consumption picks up in Q1, but not broad-based yet

Fall in the share of consumption in real terms can be attributed to high cumulative inflation that has affected demand

Infra sectors see 8% growth in July

THE GROWTH OF eight key infrastructure sectors rose to 8% in July, compared with 4.8% in the same month last year, because of an expansion in production of coal, crude oil, and natural gas, according to the official data released on Thursday.

Fiscal deficit at a third of annual target in April-July

SURGE IN REVENUE SPENDING, CAPEX & EXTRA TAX DEVOLUTION

Fresh controversy stings Adani firms

Stocks fall even as the conglomerate denies allegations

GDP grows 7.8% in Q1

Boost from strong services activity, robust demand

Gaze on the World Cup, eye on the skies

A touristy town is eagerly awaiting the onrushing of cricket-tourists, but rain could yet play spoilsport

Mission Sun: ISRO wraps up launch rehearsal

GIVING AN UPDATE on its Aditya-L1 mission to study the Sun, ISRO said on Wednesday the launch rehearsal and the rocket's internal checks have been completed.

INDIA to decide structure at its meeting today

AFTER THE ICE-BREAKING session in Patna and a more business-like meeting in Bengaluru, the Opposition grouping INDIA will be back to the discussion table in Mumbai on Thursday and Friday, with heads of 28 parties in attendance.

Luxury homes lead real estate demand

HNIs, NRIS PROVIDE BOOST TO SECTOR

Mark Thompson named CEO of CNN

WARNER BROS DISCOVERY named Mark Thompson as CEO of CNN on Wednesday, tasking the former New York Times and BBC chief with reviving a news network beset by sagging ratings and falling profits.

China moves to stabilise finances of shadow bank

EFFORTS ON TO SHORE UP ECONOMY

Focus on operational resilience, RBI tells cooperative banks

THE RESERVE BANK of India (RBI) has asked urban cooperative banks (UCBS) to strengthen their financial and operational resilience in order to contribute to stability in the financial and banking sector.

Small & mid-caps see higher inflows as large-caps lose out

FOREIGN, DOMESTIC INVESTMENT NEARLY 2X IN RECENT MONTHS

TriVeda eyes plotted realty projects

TRIVEDA CAPITAL, A residential real estate-focused alternative investment fund (AIF), expects quicker cash flows from plotted residential realty projects.

IFC commits record $2.97 billion in India

INTERNATIONAL INVESTOR IFC has committed a record $2.97 billion ( ₹24,561 crore) across 30 projects in the financial year ended June 30, more than doubling its lending in the country.