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Reflecting on the differences between BYJU's and other well-governed organisations, Mohan emphasised the importance of a functioning and diverse board.

Full story at Business Today

RBI imposes restrictions on ECL Finance, Edelweiss ARC due to material supervisory concerns

ECL Finance Ltd was barred from undertaking any structured transactions in respect of its wholesale exposures, while Edelweiss ARC was barred from buying stressed assets.

Full story at Business Today

Razorpay POS launches Q-Zap solution to reduce billing wait time by 40%

Q-Zap will seamlessly integrate Razorpay POS hardware and software, supporting all payment methods, including UPI, credit cards, and debit cards, across all major networks such as Visa and Mastercard for faster check

Tags: #credit

Full story at Business Today

‘Will take necessary remedial steps’: ECL Finance on RBI restrictions

The Reserve Bank of India (RBI) on May 29 directed ECL Finance Ltd (ECL) to cease and desist, with immediate effect, from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts in its normal course of business.

Tags: #India #remedial #accounts #directed

Full story at Business Today

At Rs 70.48 lakh crore, RBI's balance sheet is more than Pakistan, Bangladesh's GDPs put together

The RBI in its report sees India's GDP growth staying robust on the back of solid investment demand supported by healthy balance sheets of banks and corporates, focus on capital expenditure and prudent monetary policies.

Tags: #report #put

Full story at Business Today

JPMorgan Chase's Jamie Dimon shares his morning routine: ‘I get up at 4.30, flip through five papers…’ | Company Business News

With JPMorgan Chase operating in 100 countries, CEO Jamie Dimon shared his list of morning essential reads to stay informed about news and analysis and gain a global perspective on current events.

Tags: #shares

Full story at mint

North Korea fires ballistic missile towards East Sea after failed spy satellite launch: Seoul | Today News

North Korea launched a suspected ballistic missile towards the East Sea. South Korea and Japan are investigating the incident

Tags: #launched

Full story at mint

Mint Quick Edit | Will S&P upgrade India’s awkward credit rating?

S&P Global Ratings raised India's sovereign rating outlook to 'positive,’ citing robust economic growth and improved expenditure quality. But BBB minus is the lowest investment grade. This sits awkwardly with a growing global appetite for Indian government bonds.

Tags: #government #Indian

Full story at mint

Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 30 | Stock Market News

Buy or sell stocks: Vaishali Parekh has recommeneded three stocks to buy today — NHPC, Dr Reddy's Laboratories, and Ambuja Cements

Tags: #today ,#today

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Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US stocks to rise in Treasury yields | Stock Market News

Indian stock market: Asian markets traded lower, while the US stocks ended in the red overnight dragged by higher Treasury yields and concern over the timing and scale of possible interest rate cuts from the US Federal Reserve.

Tags: #scale #ended

Full story at mint

Retail cos, QSRs expand at slowest pace in 5 years

Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but that's nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR.

Tags: #years #added #day

Full story at Economic Times

Pharma bosses told to submit affidavits on ethical practices

Pharmaceutical companies asked to submit undertaking to government for compliance with UCPMP 2024 by June 30, as per DoP circular dated May 28.

Full story at Economic Times

The four battleground states that can swing election results

BJP strategizes to secure a third term, relying on allies to offset potential losses. Key states like Bihar, West Bengal, Odisha, and Maharashtra will influence Lok Sabha results. Challenges from regional parties, TMC in West Bengal, BJD in Odisha, and political uncertainties in Maharashtra may impact BJP's performance.

Tags: #Maharashtra #impact

Full story at Economic Times

Car dealers may end up with 400K unit inventory

Carmakers in India are forecast to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by the end of May, as demand cools after a three-year run of high sales. Passenger vehicle registrations are expected to fall by 5% in May from a year earlier, due to election-related uncertainties, the completion of marriage season, and heat waves in key markets, particularly Delhi NCR.

Tags: #Delhi #worth #crore #marriage

Full story at Economic Times

India Inc wants employees to stay cool amid scorching heat