Posts in category All News
Pakistan Withers Under Deadly Heat and Fears the Coming Rains (08-07-2024)
Karachi, Pakistan’s largest city, endured days of temperatures above 100 Fahrenheit, made worse by power cuts and high humidity.
“Yuvaraj’s Manipur visit can deteriorate situation”: Giriraj Singh takes dig at Rahul Gandhi (08-07-2024)
Union Minister and BJP leader Giriraj Singh criticized Congress leader Rahul Gandhi for his visit to Manipur, calling him "Yuvaraj" and suggesting that his presence could worsen the situation in the state. Singh also pointed out Gandhi's silence during the incidents in West Bengal involving Hindu women.
India’s trade deficit with Russia: Modi’s big headache (08-07-2024)
India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.
With $441 mn, Crypto funds witness inflows for first time in a month (08-07-2024)
Crypto digital asset products saw inflows totaling $441 million in the week ended July 5, CoinShares International Ltd. data show, a significant rebound from the $39 million in outflows the week prior
Cosmo Films – Diffentiated player in commodity business (08-07-2024)
I generally follow the prices published by Jindal Poly. The link is JPFL Films: Price List If there is a better source, please suggest. Disclosuree: Invested. Views Biased.
RBI cancels registration for 2 NBFCs, cites irregular lending practices (08-07-2024)
The Reserve Bank on Monday said it has cancelled the certificates of registration of two NBFCs -- Star Finserv India and Polytex India -- due to irregular lending practices.
Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures Private Limited).
Polytex India, headquartered in Mumbai, was providing services under the 'Z2P' mobile application (owned and operated by Zaitech Technologies Private Limited).
Giving reasons for cancelling the Certificate of Registration (CoR) of Star Finserv, RBI said the company has violated guidelines on the code of conduct in outsourcing financial services in its digital lending operations by outsourcing its core decision-making functions, such as credit appraisal, loan sanctioning as well as KYC verification process to the service provider.
Star Finserv has violated RBI guidelines on data confidentiality and security of customer information by providing complete access to customer
Sebi puts SK Finance’s Rs 2,200 cr IPO in abeyance, no reasons disclosed (08-07-2024)
Jaipur-based lender had filed its preliminary papers with the capital markets regulator in May this year