Remsons Industries expands portfolio with Astro Motors acquisition

Remsons Industries expands portfolio with Astro Motors acquisition

Remsons Industries, a well-established automotive OEM components manufacturer, has acquired a 51% stake in Astro Motors for ₹14 crore. Remsons Industries, an automotive OEM components manufacturing company, has acquired Astro Motors, which is engaged in developing and manufacturing electric vehicles for cargo, loaders, passengers, and micro-mobility. Remsons Industries acquires 51 per cent stake in Astro … Read more

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

“Prudential and conduct related regulations for such loans have been issued from time to time and they vary for different categories of REs,” said Reserve Bank Governor Sanjay Malhotra | Photo Credit: SHAILESH ANDRADE RBI has decided to issue comprehensive regulations on prudential norms and conduct related aspects for loans against the collateral of gold … Read more

Copper futures may chart sideways trend

Copper futures may chart sideways trend

Copper futures has seen a sharp drop in price recently. The continuous contract, after hitting a high of ₹922.20 on March 26, declined in the following sessions and closed at ₹797.85 on April 8, losing about 13 per cent. While the chart continues to be bearish, copper futures has a notable support at ₹790. This … Read more

RBI to enable securitisation of stressed assets through a market-based mechanism

RBI to enable securitisation of stressed assets through a market-based mechanism

RBI Governor Sanjay Malhotra | Photo Credit: HEMANSHI KAMANI The RBI intends to enable securitisation of stressed assets through a market-based mechanism, in addition to the existing ARC (asset reconstruction company) route under the SARFAESI Act, 2002. In this regard, the central bank will issue a draft framework for securitisation of stressed assets for public … Read more

RBI to enable securitisation of stressed assets through a market-based mechanism

RBI to enable securitisation of stressed assets through a market-based mechanism

RBI Governor Sanjay Malhotra | Photo Credit: HEMANSHI KAMANI The RBI intends to enable securitisation of stressed assets through a market-based mechanism, in addition to the existing ARC (asset reconstruction company) route under the SARFAESI Act, 2002. In this regard, the central bank will issue a draft framework for securitisation of stressed assets for public … Read more

RBI to enable securitisation of stressed assets through a market-based mechanism

RBI to enable securitisation of stressed assets through a market-based mechanism

RBI Governor Sanjay Malhotra | Photo Credit: HEMANSHI KAMANI The RBI intends to enable securitisation of stressed assets through a market-based mechanism, in addition to the existing ARC (asset reconstruction company) route under the SARFAESI Act, 2002. In this regard, the central bank will issue a draft framework for securitisation of stressed assets for public … Read more

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

“Prudential and conduct related regulations for such loans have been issued from time to time and they vary for different categories of REs,” said Reserve Bank Governor Sanjay Malhotra | Photo Credit: SHAILESH ANDRADE RBI has decided to issue comprehensive regulations on prudential norms and conduct related aspects for loans against the collateral of gold … Read more

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

RBI to issue comprehensive norms for loans against collateral of gold jewellery, ornaments

“Prudential and conduct related regulations for such loans have been issued from time to time and they vary for different categories of REs,” said Reserve Bank Governor Sanjay Malhotra | Photo Credit: SHAILESH ANDRADE RBI has decided to issue comprehensive regulations on prudential norms and conduct related aspects for loans against the collateral of gold … Read more