New rules for M&A financing, loans against shares
The regulator said banks are allowed to refinance a target company’s existing debt where such refinancing is “integral to the acquisition finance.”
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To bring ease of business bills, Centre nudges state govts to revamp laws, drive reforms
The Centre is preparing new rights-based bills to boost ease of doing business. These will be implemented by state governments within the year. The initiative includes an Ease of Doing Business Bill and a Right to Business Act with affidavit-based…
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Nomura drops April India rate‑cut call on firmer inflation, RBI 'stealth easing'
Last week, Nomura had assigned a 65% probability that the Reserve Bank of India would cut its policy rate by 25 basis points to 5%. It now joins the likes of Capital Economics and ANZ in no longer expecting an…
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Rs 6 lakh crore wipeout in 8 days! Is AI rewriting the rules for $250 billion Indian IT industry?
India’s massive software services sector faces a sharp downturn. AI advancements are causing significant market value losses for major IT firms. Investors are questioning the future of the traditional outsourcing model. The industry is undergoing a crucial valuation reset. The…
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Infosys, Wipro and other IT stocks slide up to 6% as AI fears continue to hammer tech pack
Shares of IT giants Infosys and Wipro tumbled as much as 6% on Friday, extending recent losses. This decline follows a sharp overnight drop in their ADRs after Anthropic unveiled a new AI product capable of automating professional tasks, reigniting…
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Tech crash rub off! Prestige Estates, Brigade Enterprises, other realty stocks slide up to 4%
Real estate stocks, particularly those exposed to Bengaluru, saw a significant drop on Friday. This sell-off is driven by investor concerns over potential AI disruption in the IT sector, which could negatively impact demand for property.
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