Business News ( English Version)

Harindarpal Singh Banga and his family, early investors in Nykaa, are selling a 2.1% stake in the company for $140.3 million through a block deal. The Banga family, holding nearly 5% stake, will offload 60 million shares at a 5.5% discount. Previously, in August 2024, Banga divested 1.4% stake in Nykaa for Rs 852 crore.

Tensions with China are disrupting India's manufacturing sector as China delays machinery deliveries and pulls its citizens from Indian factories, including those at Apple's contract manufacturer, Foxconn. This is happening alongside new restrictions on magnet exports to India, impacting automobile and electronics production.

The RBI has prohibited prepayment penalties on floating-rate personal and small business loans to simplify lending and facilitate lender switching. Effective January 1, 2026, this directive applies to loans sanctioned or renewed by various financial institutions. The waiver extends to loans up to Rs 50 lakh for smaller lenders, ensuring transparency and fair […]

With geopolitical complexities affecting global development finance, a solution lies in evolving a mechanism of pooling resources with like-minded countries

The report has mentioned about significant irregularities, including fund diversion and violations of the terms and conditions of the loan