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Only 10 major European banks may need to raise capital as a result of the rollout of new global rules and their shortfall could be smaller than 27 billion euros ($31.43 billion), according to draft European Union regulation seen by Reuters.

The pattern analysis of the weekly chart shows that the NIFTY is in secular uptrend; it is tracking and is well above the upper rising trend line drawn from the lows of March 2020. Apart from a minor blip, the NIFTY has largely stayed above this upper rising trend line while protecting its secular uptrend.

​It is expected that Mr. Market next week may still find it difficult to hold ground and may remain range- bound. Additionally, with the monthly expiry next week, volatility in the market may persist. After hitting the 40,000 mark for the first time this week, Bank Nifty is expected to be in focus going forward as various banks disclose their results in the approaching week.

The amendment prescribes a one-time compensation of Rs 1,000 per kilometre for laying overhead OFC which will lead to a uniform levy/fee charged by the local authorities. The RoW Rules until now covered only underground OFC and mobile towers.

The funds have been infused in two tranches — Rs 2,175 crore in September and Rs 2,900 crore this month, totalling Rs 5,075 crore, according to financial data sourced through business intelligence platform Tofler. The reason behind the fund infusion in the Indian subsidiary is not known, but it is likely to be used for settling outstanding payments with dealers and vendors, and providing separation packages to employees.

One97 Communications can now launch the Paytm IPO after it inculcates the observations SEBI may have made to its DRHP. The company is aiming for a listing by November-end.

The Securities and Exchange Board of India (Sebi) on Friday proposed to cap International Securities Identification Numbers (ISINs) for corporate bonds, in a bid to boost liquidity in the debt market.

Wall Street capped a choppy day of trading Friday with an uneven finish for the major stock indexes, as losses for several large technology companies weighed on the market.

Members unanimously voted for a status quo in rates. But the only dissenting voice was by Prof Jayanth Varma of IIM, Ahmedabad who voted against the accommodative stance as risks to growth and inflation are well beyond the control of the MPC, but they warrant a heightened degree of flexibility and agility.

“As the Indian economy grows further, the AIFIs are increasingly being seen as key institutions to promote the flow of direct or indirect credit to the economic sectors they cater to. It has been decided, therefore, to extend Basel III Capital framework to the AIFIs,” RBI said Friday in a draft master direction.