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Reliance Capital had pledged the shares in its unit RGI as security against funds raised by group companies through the issue of non-convertible debentures in FY19. IDBI Trusteeship, custodian of the RGI shares, says it doesn’t have permission from the debenture holders to release the pledged shares — representing a 37% stake in the insurance unit — according to the people cited above.

The Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, said the people mentioned above.

Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.

Monday is the record date for dividends by Welspun India. Welspun India (Rs 0.15 per share) had announced its final dividend. The stock went ex-dividend on Thursday.

GLOBAL-Asian stocks buoyed by Wall Street gains as easing oil cools inflation fears

​That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out what little trading is left. WazirX’s daily volume has slumped about 95% since October, data from CoinGecko shows.

The MPC is likely to reach a reasonable level of repo rate before pausing and reassessing the growth-inflation dynamics, says B Prasanna, group executive and head of global markets, ICICI Bank.

The council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) norms should be treated on par with bank accounts, and that they should be allowed to disburse credit.

For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts, and the retreat marks a signal from commodity markets that efforts to get prices back under control are having some early successes.

To start with, let’s address a global trend that is unfolding. India’s domestic growth appears resilient whereas developed economies are weakening as they let off the crutches from pandemic dole outs. Sequentially, high frequency data is turning worse for the US & EU whereas India is demonstrating resilience