RHFL defaults on around Rs 100-cr repayments in December

The total borrowings from banks and financial institutions stood at Rs 4,280 crore as on January 29, 2021.Reliance Home Finance (RHFL) has defaulted on repayments of around Rs 100 crore to lenders for December 2020, according to different...

UK seeks G7 consensus on digital competition after Facebook blackout

By Michael Nienaber and Andrea Shalal BERLIN/WASHINGTON/ROME (Reuters) – The world’s financial leaders are expected on Friday to agree to continue supportive measures for the global economy and look to boost the International Monetary Fund’s resources so it can...

Britain to offer fast-track visas to bolster fintechs after Brexit

By Huw Jones LONDON (Reuters) – Britain said on Friday it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will struggle with Brexit and tougher competition...

GameStop rally fizzles; shares still on pace for 130% weekly gain

By Herbert Lash NEW YORK (Reuters) – Global equity markets swooned on Friday, even as the Nasdaq and S&P 500 tried to recover and the bond rout eased a bit, but fears of rising inflation still weighed on sentiment...

Oil drops on dollar strength and OPEC+ supply expectations

By Jessica Resnick-Ault NEW YORK (Reuters) – Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels. Brent crude futures for April, which expire...

Stocks try to recover from bond whiplash, dollar gains

By Herbert Lash NEW YORK (Reuters) – Global equity markets swooned on Friday, even as the Nasdaq and S&P 500 tried to recover and the bond rout eased a bit, but fears of rising inflation still weighed on sentiment...

South Indian Bank gets board nod to raise Rs 204 cr

The lender said that up to 28,30,18,867 equity shares of face value of Rs 1 each at an issue price of Rs 8.48 each will be issued to the insurance firms, subject to the approval of the shareholders...

European shares drop as high yields spark profit taking in tech, resources

By Shashank Nayar and Ambar Warrick (Reuters) – European stocks closed lower on Friday, ending three weeks of gains as investors booked profits in technology and commodity-linked shares due to concerns over rising inflation and interest rates on the...

FTSE 100 slips as bond rout hits global equities

By Dhara Ranasinghe LONDON (Reuters) – From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their biggest monthly rises in years as expectations for a post-pandemic ignition of inflation...

‘Spooky’ AI tool brings dead relatives’ photos to life

By Umberto Bacchi (Thomson Reuters Foundation) – Like the animated paintings that adorn the walls of Harry Potter’s school, a new online tool promises to bring portraits of dead relatives to life, stirring debate about the use of...
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Sitaram Kunte appointed as new Chief Secretary of Maharashtra

Previously, Kunte has held various posts, including those of Principal Secretary (Finance), BMC Commissioner, Principal Secretary (Planning) and...
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