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…
ONGC will take a 50 per cent stake in two joint ventures with Japan’s Mitsui OSK Lines (MOL) to enter specialised ethane shipping.The joint ventures will each own a very large ethane carrier (VLEC), with ONGC and MOL holding equal equity. The vessels, with a combined cost of about $370 million, will transport ethane from…
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…
MUMBAI: Avanse Financial Services on Jan 5 in Mumbai said it raised around Rs 1,200 crore through a rights issue from existing shareholders to fund the next phase of growth by expanding education lending, strengthening products and improving balance sheet capacity.The education-focused NBFC said the capital was raised from Warburg Pincus through its affiliate Olive…
Donald Trump (File photo) US President Donald Trump, once again boasted about collections from tariffs he has imposed since last year on various countries after his return to White House.“We have taken in, and will soon be receiving, more than 600 Billion Dollars in Tariffs,” he said in a post on Truth Social, while taking…
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…
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…
