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The RBI on Monday issued draft norms for banks to report foreign exchange derivative transactions involving rupee undertaken by their related parties globally, a move aimed at enabling better pricing decisions by market participants.
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The Reserve Bank of India tightened lending norms for capital market entities, restricting bank funding for proprietary trading and raising collateral requirements. Nithin Kamath said costs will rise for brokers, though Zerodha clients remain unaffected.
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Fractal Analytics debuted below its IPO price, reflecting valuation concerns and cautious sentiment. However, Prabhudas Lilladhar maintained a positive long-term view, citing enterprise AI growth, platform transition and strong global client relationships despite near-term risks.
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Realty firm WeWork India Management Ltd has opened a new co-working centre in Gurugram, covering more than 1,200 seating capacity across 90,000 sq ft area, to meet rising demand for flexible managed workspaces.
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Realty firm Ashiana Housing’s net profit jumped five times to Rs 56.65 crore in the third quarter of this fiscal on better income.
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