With a standalone asset base of about Rs 1.75 lakh crore, Tata Sons comfortably exceeds the new threshold and is expected to qualify as an upper-layer NBFC if it continues to be regulated as a CIC.
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The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim…
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Global crude oil prices fell sharply on Friday and were on track to post steep weekly losses as easing supply concerns in the Strait of Hormuz outweighed fresh geopolitical tensions following an attack on a cargo vessel near Oman.
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JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, signaling a significant step in succession planning for CEO Jamie Dimon. Rohrbaugh will now lead consumer and community banking, while Petno takes the helm of the commercial and investment…
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Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore.
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While the Commission hasn’t yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the 2.57 multiplier adopted by the Seventh Pay Commission, even as employee unions continue to push for a higher revision.
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