RBI draft proposals on aligning businesses may impact pvt banks
Business Standard|October 08, 2024
The Reserve Bank of India's (RBI's) draft proposals to align businesses of banks and their non-bank subsidiaries is likely to have an impact on private sector banks, including HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Federal Bank, according to Jeffries analysts.

The RBI last week released draft proposals on 'forms of business and prudential regulation for investments' of banks, wherein it stated that only a single entity within a bank group (the bank and its group entities) can undertake a particular form of permissible business.

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Concor's growth route shifts as demand dips

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Benchmarks fall as IT, auto shares retreat

Benchmark indices declined for the second day. The Sensex fell 318.76 point or 0.39 per cent to settle at 81,501.36 while the Nifty dipped 86.05 point or 0.34 per cent to close at 24,971.30 on Wednesday.

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Global fund managers pare India allocation: BofA

Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.

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Quant MF scoops up nearly half of AEL's ₹4.2K cr QIP
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MF licence aspirant list swells with new wave of AMCs ready to roll
Business Standard

MF licence aspirant list swells with new wave of AMCs ready to roll

New applications serve as launchpad for diversifying business and expanding capital market reach

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' 'Kutty Japan' faces crackle of fireworks, barium bans
Business Standard

' 'Kutty Japan' faces crackle of fireworks, barium bans

Impressed by its industrial vibrancy, former prime minister Jawaharlal Nehru affectionately referred to this small city in Tamil Nadu as 'Kutty Japan' (Kutty means 'mini' in Tamil). Now, in 2024, Nehru's Kutty Japan, popularly known as Sivakasi, still contributes to over 85 per cent of the fireworks made in the country, lighting up the festive colours of every city and village in India.

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2 mins  |
October 17, 2024
Agencies actively pursuing bomb threat cases: Minister
Business Standard

Agencies actively pursuing bomb threat cases: Minister

Law enforcement agencies are actively pursuing all cases of bomb threats against airlines and the government is closely monitoring the situation, Civil Aviation Minister K Rammohan Naidu said on Wednesday.

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2 mins  |
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Business Standard

Amazon Prime Video to introduce ads next year

Amazon's streaming platform Prime Video will include advertisements in shows and films for Indian viewers starting next year.

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October 17, 2024
Business Standard

Why language needs more than a tag

Earlier this month, the Union Cabinet granted classical language status to Marathi, Pali, Prakrit, Assamese, and Bengali. With Tamil (2004), Sanskrit (2005), Telugu (2008), Kannada (2008), Malayalam (2013), and Odia (2014) already designated as classical languages, this brings the total to 11.

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I'm back: Omar Abdullah takes charge as J&K CM
Business Standard

I'm back: Omar Abdullah takes charge as J&K CM

5 ministers take oath, including Dy CM from Jammu region and 1 Independent

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October 17, 2024