Bajaj Finance keen to transition into bank

Bajaj Finance is keen to transition into a bank if the RBI follows through on a recommendation to allow corporate-backed NBFCs to turn into banks. Primarily, we want to be a retail bank which is what we know, and that means a long haul, Managing Director Rajeev Jain tells Informist.

RIL to cut greenhouse emissions from petcoke unit

The company is installing a 90,000-mtpa carbon dixoide recovery unit and a 4,000-mtpa hydrogen gas generator at its a petcoke gasification plant in Gujarat to reduce greenhouse gas emissions, a source says.

Big ticket divest unlikely before Sep due to COVID

The government's divestment plan, including privatisation of BPCL and Air India, may be pushed to the second half of the current financial year due to the second wave of COVID-19, an official says.

April WPI inflation seen surging to 9.1% on low base

India's WPI inflation likely surged to 9.1% in April, the highest in nearly a decade, due to low base and continued rise in prices of manufactured products, an Informist poll shows. It was 7.39% in March and (-)1.57% in April 2020.

Client collateral must be ring-fenced from fraud

Efficiency of SEBI's new framework will be put to test during broker defaults when the collateral held by the defaulting trading or clearing member has to be returned to the clients. If this happens seamlessly, the framework would be a success.

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