Capital Group, Norges Bank Investment Management, ICICI Prudential Mutual, and Nippon India Mutual were among the funds that opted out of the e-commerce marketplace’s ₹2,439-crore anchor book, said sources.Read More

The Indian Rupee has reached a historic closing low against the US Dollar, nearing the significant 90 mark. The Reserve Bank of India has intervened to slow the currency’s fall. Traders observe a shift in the RBI’s strategy, allowing for a wider trading range.Read More

The Reserve Bank of India has identified State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks. These institutions will continue to require additional common equity tier 1 capital ratios of 0.8%, 0.4%, and 0.2% respectively, effective from April this year.Read More