The Reserve Bank of India (RBI) has sought feedback from non-banking finance companies (NBFCs) on draft guidelines proposed for regulating revolving credit facilities, while emphasising the need for stronger compliance, internal audit and risk management frameworks, a report has said.
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Central bank intervention is anchoring the rupee’s trading range. State-run banks consistently offered dollars to curb currency pressure. This intervention has established a narrow trading range for the rupee. The Reserve Bank of India’s actions revive memories of past interventions.…
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In his new role, Wadekar will oversee the company’s financial strategy and operations, working closely with the leadership team to strengthen financial performance, enhance operational efficiencies, manage risks and align financial priorities with KHIL’s broader business objectives, said a release.
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Senior representatives of some of the country’s largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The lenders will make a formal representation through the Finance Industry Development Council, the industry body…
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Goods and services tax cuts offer carmakers a crucial buffer against rising commodity prices. Companies are employing various strategies to minimize product price increases and sustain demand. Internal cost reductions and selective price adjustments help absorb commodity shocks. Automakers are…
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Wall Street is valuing Anthropic based on future revenue projections for its upcoming IPO. The AI company projects substantial revenue growth by the year 2028. This forward-looking valuation reflects Anthropic’s rapid expansion and infrastructure investments. Comparisons are being made to…
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