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27.02 / 00:43
Assurant Analysis Trade information Courts rights International NCLT directs IIHL to put Rs 2,750 cr in RCap account
NCLT) on Wednesday directed IndusInd International Holdings Ltd (IIHL) to complete the acquisition of Reliance Capital by March 12 and deposit ₹2,750 crore towards equity investment it has offered into the financial services firm's account. The order of the NCLT's Mumbai bench comes after Hinduja Group-owned IIHL missed the February 25 deadline set by the NCLT in the last hearing to complete its acquisition of Reliance Capital. IIHL's lawyer informed the tribunal that the deal was incomplete due to pending documentation but is on the verge of closure.
27.02 / 00:43
markets COST UPS security Analysis Trade Higher-rated NBFCs likely to gain more from RBI relief
risk weightage for bank loans, since capital to be assigned for AAA rated NBFCs will halve to 20% from 45%. Easier access to funds and lower costs could mean NBFCs could save 25-50 basis points on bank loans due to lower banking risk weightages for the sector. One basis point is 0.01 percentage point.
27.02 / 00:15
markets Manufacturing President RAI country Sporting polo Global brands bare their soles to India's BIS
Nike, Tommy Hilfiger, Calvin Klein, Armani Exchange, Superdry and Woodland may soon resume importing premium footwear to India, as the government has started certifying overseas shoe factories after almost 18 months, industry executives said.
27.02 / 00:15
markets Provident Booking Universities RAI show reports Bad to worse: Microfinance sector NPAs hit ₹50,000 crore at the end of December last year
Non-performing assets in the microfinance sector surged to an all-time high of ₹50,000 crore, or 13% of the gross loans, at the end of December last year, even as the RBI reduced the need for higher capital allocation against risky unsecured assets.
27.02 / 00:15
markets Analysis Research trends Trade show country Fear Factor: Bears run show on Dalal Street
Indian equities is the strongest in recent years if a key long-term trend market indicator is to go by. Almost 86% of the country's top 500 stocks are trading below the 200-day moving average (DMA) — an indicator that shows the long-term trend of a stock or an index. It reflects the deep-rooted pessimism in the market at this juncture on account of unrelenting foreign institutional selling and growing risk-off sentiment among domestic investors. In the Nifty 500 index, 427 stocks are trading below the 200 DMA, while 68 are above it, according to Axis Technical and Derivatives.
27.02 / 00:15
markets COST FIVE WhatsApp Experts Schools US citizenship? Pay $5 million as you pass go
invest to migrate' route, as it is five times costlier than the programme it is proposing to replace.
27.02 / 00:15
markets Mobile awards Hyundai wellness RAI innovations Want to make Made in India synonymous with quality: Venu Srinivasan
Venu Srinivasan made early on was to strike out on his own, establishing TVS Motor as a quality-driven global brand.
26.02 / 23:55
markets Waves CEO President Doge performer Department Here's the number of federal staff who answered Elon Musk's 'what did you do' email; will the others lose their jobs?
Elon Musk's Department of Government Efficiency has been working round the clock to cut down federal expenses and ensuing job cuts across federal departments. However, one of its most controversial move remains the 'what did you do' job justification email that has already garnered nearly a million responses from a million federal workers, while others who have not sent it lie in wait for their outcome.
26.02 / 23:55
markets Opinion wellness Doge Department rights Colleges From genius to villain? Elon Musk’s cost-cutting crusade backfires as public opinion turns against him, claims James Carville
James Carville is known for his understanding of political demographics and mindset, and therefore there is some meaning to it when he says that public sentiment is no behind Elon Musk at this point as he continues with his crusade of cutting down federal expenses along with his team at the Department of Government Efficiency.
26.02 / 22:03
markets Death film actress stars reports Relationships Michelle Trachtenberg death: Who is Jay Cohen, believed to be Gossip Girl actress' long-time boyfriend?
Gossip Girl fame Michelle Trachtenberg has passed away at the age of 39. The Buffy the Vampire Slayer star was found dead at her New York apartment by police officials after a 911 call.
26.02 / 22:03
markets UPS Yellow RAI reports travelers From danger to nothing: NASA just downgraded the threatening Y24 asteroid to zero; here’s why
asteroid 2024 YR4 has been downgraded to almost zero risk after being originally estimated to have a 3% chance of striking Earth in 2032. NASA uses a specific scale to determine their level of danger.
26.02 / 22:03
markets UPS President Inside reports strain Schools Melania vs. Ivanka: The full story of their White House feud and the first lady’s cutting nickname for her stepdaughter
first lady Melania Trump and her stepdaughter Ivanka Trump has been simmering since the Trump family's White House years during US president Donald Trump's first term in office and the rivalry has only strengthened with time, according to a report.
26.02 / 21:43
UPS BLOCK President reports Department Courts Trump plan to freeze funding stymies Biden-era energy rebates for consumers
Some states have stopped disbursing funds to consumers via Biden-era rebate programs tied to home energy efficiency, due to a Trump administration freeze on federal funding enacted in January.
26.02 / 20:17
markets CEO wellness RAI poverty blues reports All about Indian-origin Tushar Shah's Blue Origin spacecraft journey
Tushar Shah on Tuesday successfully completed a celestial journey onboard the Jeff Bezos-owned Blue Origin NS-30 mission as part of a six-member crew.
26.02 / 20:17
markets Reuters ByteDance NVIDIA Healthcare country reports Market panic fizzles as DeepSeek fuels even greater demand for Nvidia chips, company's H20 chips fly off shelves in China as AI breakthrough ignites demand
H20 AI chips as DeepSeek's cost-efficient and affordable AI models have led to an increase in demand for these chips, reported Reuters.
26.02 / 20:17
markets Action Entertainment awards concert reports Kanye West risks losing $20-million Japan concert deal after controversial Grammys stunt with Bianca Censori
Kanye West is reportedly at risk of a significant financial setback following a controversial stunt he and his wife, Bianca Censori, pulled at the Grammy Awards.
26.02 / 20:17
markets UPS Target Reuters Strategy reports BP walks back on renewable investment, to scale up fossil fuel production
BP has announced plans to scale up its oil and gas production and cut renewable energy investments, citing pressure from investors.

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