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consumer credit pools of non banking finance companies (NBFCs) is expected to slow down in the current year, given that the Reserve Bank of India has increased the weightage of such loans by 25% across categories, said rating agency ICRA in a note issued today. Sell down is the act through which the NBFCs that hold these unsecured assets on their books sell them to banks or securitise them in return for liquidity. This helps them liquidate their assets on time and free up cash for further lending.

pneumonia outbreak in northern China since mid-October is causing global concern, particularly in the aftermath of the Covid-19 pandemic. The World Health Organization (WHO) has taken note of the situation, requesting additional data from China on the respiratory illnesses spreading in the region.

lab-grown diamonds (LGDs). LGDs have seen price drops of around 50 percent, while the prices of natural diamonds have declined 40 percent.

₹15,835 c rore) for financing green projects of HPCL via issuance of preferential shares. Reuters claimed that two sources close with the developments have informed about the bail out plan. The oil ministry is awaiting a response from the finance ministry on the plan for ONGC to launch a rights issue, one of the sources said, claimed Reuters.

Also Read: Stock market today: Sensex, Nifty 50 end flat; realty, metals shine, pharma stocks drag The optimism for the global macro-economic scenario has diminished, with 33 per cent of respondents expecting it to decrease in Q4 2023, compared to 37 per cent in Q3 2023, according to the survey. 52 per cent of CFOs are optimistic about the requirement for short term funds in Q4 2023, highest since the inception of index in 2012. Dr.

Denmark is making it easier for some foreign workers to work in the country. On November 17, Denmark implemented new regulations enabling certain foreign nationals to work within its borders for short durations without the need for a residence and work permit. To qualify for this exemption, applicants must be employed by a foreign company affiliated with a Danish establishment, and the Danish company should have a workforce of at least 50 employees.

Prime Minister Narendra Modi participating in a garba dance. The authenticity of the video was initially questioned, with speculation that it might be a deepfake. Prime Minister Modi himself acknowledged the video, expressing doubts about its authenticity. However, it has now been clarified that the video was not a result of deepfake technology but rather a case of mistaken identity and false reporting. The individual in the video is Vikas Mahante, a Mumbai-based businessman and the proprietor of a steel packaging business in Malad. Mahante unintentionally found himself thrust into the limelight due to his resemblance to Prime Minister Modi. His uncanny similarity led to an invitation to London to partake in pre-Diwali festivities within the admirer's family circle. It was during this event that Mahante was mistakenly identified as Modi and filmed participating in the garba dance, causing a significant stir.

Investing.com — European stock markets edged higher Thursday, as investors awaited the minutes from the October ECB meeting as well as the latest regional business activity data.

Escorts, all other companies under our coverage were largely in line with or beat our estimates," stated the brokerage. Meanwhile, for the auto ancillaries space, the brokerage informed that the companies under its coverage reported revenue, EBITDA, and PAT growth of 12 percent, 18 percent, and 18 percent YoY, respectively, driven by higher ASPs, sales volumes, and operating leverage. “All companies under our coverage reported in-line EBITDA or beat on EBITDA, except a miss for Endurance Technologies and CIE Automotive," added Axis.

Reliance Industries Ltd (RIL), has asked for the Reserve Bank of India’s (RBI) approval for conversion into a core investment company (CIC). Jio Financial on November 21 announced that it has submitted an application with the RBI for converting to a CIC from a non-banking financial company (NBFC) after a regulatory mandate.

Stock market today: Yes Bank shares have been in uptrend after Diwali 2023. On the following session post-Muhurat trading, Yes Bank shares opened flat but soon witnessed sharp upside movement when it informed Indian stock market bourses about receipt of ₹120 crore fro sale of NPA portfolio to JC Flowers ARC.

AustralianSuper has blasted attempts by Brookfield to “buy more time” on its $18.7 billion bid for Origin Energy, describing an alternative deal asa “low-ball offer” that would shortchange investors in favour of a private equity consortium.

Lashkar-e-Taiba (LeT) terrorist was killed in an encounter with security forces in Jammu and Kashmir's Rajouri district on Thursday, as informed by the Defence spokesman. As per the official statement, the terrorist was trained on the Pakistan and Afghanistan Front. “One terrorist named Quari has been killed in an ongoing operation.

electric vehicles right now. While some are yelling about the impending doom of electric vehicle manufacturers, the bulls are convinced that the top EV companies could potentially generate billions in revenue and profits. Recently, we came acrossa report that says EV penetration in India continues to improve at a healthy pace, spurred by government initiatives and increasing product launches.

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.

data breach at the Tata-owned Taj Hotels group earlier this month, ET has learnt. A threat actor, who goes by the name "Dnacookies", has demanded $5,000 for the full dataset, which includes addresses, membership IDs, mobile numbers and other personal identifiable information (PII), according to people aware of the matter.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

Staying ahead of market trends is a game-changer in cryptocurrency trading. One particular Telegram group, the Kucoin Millionaire’s Club, stands out as a trailblazer for traders looking to navigate the complexities of the crypto arena successfully. Positioned as the best-kept secret in the Telegram community, this exclusive group provides insights and predictions that set the stage for a life of luxury and financial success in the crypto markets.

Stock at upper circuit: NSE listed stock Servotech Power Systems Ltd has been in uptrend after ushering in 2023. In year-to-date (YTD) time, Servotech Power Systems share price has ascended to the tune of 380 per cent. But, it seems that the EV charger stock still has some steam left in it.

Financial Times first reported the plot. Following this, Indian officials expressed "surprise and concern" when they were informed about the incident, said White House spokesperson Adrienne Watson. “We are treating this issue with utmost seriousness, and it has been raised by the US government with the Indian government, including at the senior-most levels." "They stated that activity of this nature was not their policy ...

With commercial buildings accounting for around 24 per cent of Australia’s national electricity consumption and 10 per cent of national greenhouse gas emissions, for businesses, reducing their carbon footprint is vitally important as the nation continues its decarbonisation journey and comes with potential cost savings.