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Senior executives of microfinance institutions have been urged by the department of financial services to lower lending rates to make loans viable for borrowers at the bottom of the pyramid. The microfinance sector faces high default rates, with gross non-performing assets at an 18-month high.

Banks and primary dealers urge the Reserve Bank of India (RBI) to inject liquidity through foreign exchange swaps or OMOs in the upcoming policy meeting on February 7. The aim is to ease system liquidity deficit and high forward premiums affecting short-term borrowing costs and importers.

The capital market regulator, in its January 2 order, barred both Parekh and Singapore-based Rohit Salgaocar, who was a consultant to Capital Group.

The total number of demat accounts rose by 1.65% to 185 million in December from 182 million in November - the slowest growth in percentage terms since February 2024.

Four borrowers, Reliance Industries, Bajaj Finance, InterGlobe Aviation and REC registered to borrow $1.4 billion from the approval route with Reliance alone seeking to borrow $1 billion.

Nanocap companies-among the lowest in heap-are ranked 1,041 and below in terms of market capitalization. They come after the micro-cap companies with a market value ranking between 521 and 1,040. Small-cap companies are ranked between 261 and 520 by market capitalisation, while large- and mid-cap are ranked form the top 260 companies. Currently, TCC Concept with a market capitalisation of ₹2,137 crore is the 1,041st biggest company on the NSE.

Advait Energy Transitions received letter of intent (LoI) from Gujarat Urja Vikas Nigam for setting up of a 50 MW out of 500 MW/1000 MWh standalone battery energy storage systems in Gujarat.

OrbiMed-backed Laxmi Dental on Wednesday said it has fixed the price band at Rs 407-428 per share for Rs 698 crore initial public offer which will hit the markets for public subscription on January 13.