Banking And Finance
RBI issues draft CCR framework aligned with global standards
Mumbai: Reserve Bank of India (RBI) has issued draft guidelines for computing banks’ (CCR) from derivative transactions and for bank exposures to central counterparties to bring it in line with…
Not transferring your PF when switching jobs could cost you tax-free withdrawal benefits — Here’s why
Switching jobs often means getting a new EPF account linked to your new employer but you should not overlook an important step which is transferring the balance from your old…
PhonePe, CRED may relaunch credit card rent payments: What are they and how they differ from wallet loading?
Fintech players PhonePe and CRED may soon bring back the option to pay rent using credit cards, according to a Moneycontrol report, citing sources. The companies are reportedly testing the…
RBI cancels registration certificates of 135 NBFCs
Mumbai: The (RBI) on Wednesday said it has cancelled the certificate of registration of 135 . These include companies such as , , Times Finance (P), Jupiter Projects (P), Jupiter…
Market
India considers Canada as potential crude oil supplier, envoy says
India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, Alberta, adding that the country’s newer…
Copper futures turn weak
Copper futures (₹1,315/kg) has been on a decline over the past week. While the broader uptrend remains valid, there are signs of a corrective decline at the current juncture. The…
Gold, silver rates today: Comex gold, silver trim losses after softer US inflation data; Middle East tensions cap gains
Gold and silver pared losses on Wednesday, 10 June, after the US May inflation report came in lower than expected, although gains remained capped amid escalating tensions in the Middle…
Banks can lend only to SEBI-registered and listed REITs, InvITs: RBI guidelines
Banks can lend to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) only if they are registered with and regulated by SEBI and are listed, according to RBI’s…
Market
SpaceX Leaves Some Banks Peeved at Junior Roles in IPO Lineup
(Bloomberg) — Several junior banks marketing shares in SpaceX’s landmark listing are working for relatively small fees and being relegated to roles that don’t come with any credit, according to…
ULCCS arm U-Sphere enters Karnataka, plans ₹1,000-crore investment
U-Sphere, the construction arm of Kerala-based labour cooperative ULCCS, is entering Karnataka with plans to invest ₹1,000 crore over the next three years. The company, which is making its first…
Residency Hotels unveils ₹450-crore luxury convention hotel in Madurai
The 34-year-old The Residency Hotels, owned by Chennai-based Appasamy Group, a real estate developer, has launched The Residency Signature, a luxury hotel-cum-convention centre in Madurai, with an investment of about…
Zee Board of Directors approves capital raise worth ₹2,300 crore
Zee Entertainment Enterprises Ltd’s Board of Directors on Wednesday approved raising of capital worth ₹2,300 crore to fund strategic and business initiatives. The move is reminiscent of Zee’s last year…
Axis
