MUMBAI: Reserve Bank of India on Monday warned non-banking financial companies in Mumbai to tighten underwriting and monitor risks closely, marking the third caution in eight days.The RBI met managing directors and CEOs of select NBFCs, including govt NBFCs, housing finance companies and microfinance institutions. The governor said while NBFCs play a key role in…
RBI governor Sanjay Malhotra (File photo) Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance…
Manufacturing activity in US was at record bottom December, marking 10th consecutive month of contraction. The Institute of Supply Management (ISM) index slipped to 47.9 from 48.2 in November.The latest figures mark the lowest reading for the year, with production levels falling below November’s numbers. While employment showed a minor uptick of 0.9 percentage points,…
HYDERABAD: SmartGreen Aquaculture (SGA), a Hyderabad-based startup, has set up what is touted as India’s first inland, premium trout farming facility in Kandukur mandal of Telangana’s Ranga Reddy district, on the outskirts of Hyderabad, at an initial investment of $6 million (approx. Rs 54 crore).The facility, based on the sustainable recirculating aquaculture system (RAS) technology…
US Wall Street opened higher on Monday as tech stocks bounced back and energy shares climbed after the US captured Venezuelan President Nicolas Maduro in a military operation over the weekend. The Monday session, marks the opening for the first full week of trading in 2026. US markets opened for the first time in the…
Oil prices dipped on Saturday after the United States launched a surprise military operation in Venezuela, capturing President Nicolas Maduro and his wife on drug trafficking charges, triggering sharp moves across global markets.Crude prices fell as investors bet that the political shift could eventually pave the way for higher oil output from Venezuela, which holds…
Markets across Asia mostly rose on Monday as investors were calculating the impact of the removal of Venezuela’s president Nicolas Maduro by US forces. The rally came as traders turned towards the long-running artificial intelligence boom and hopes for more US interest rate cuts.Nikkei soared over 1,419 points or 2.8% to reach at 51, 759….
NEW DELHI: Rupee continued to slide against the US dollar on Monday. It ended 8 paise lower at 90.28 (provisional) against the US dollar, pressured by firm American currency and weak equity market sentiment.Renewed geopolitical tensions triggered by the US military action in Venezuela strengthened the dollar across global markets, forex dealers said, overshadowing the…
49 Crypto Exchanges, majority based in India, registered with financial intelligence unit (FIU) which works under ministry of finance, in fiscal year 2024-2025. Such a move comes as part of the country’s efforts to combat money laundering and prevent terrorist financing risks in the digital currency sector. It comes as a strategic analysis of suspicious…
India’s imports of crude petroleum from the US in the first eight months of the current fiscal registered a year-on-year increase of more than 92% compared with the same period in 2024, with Russia remaining the biggest supplier of the product between April and Nov 2025.As per data from the ministry of commerce and industry,…