The RBI is evaluating Tata Sons’ application for de-registration as an NBFC. Tata Sons aims to avoid listing by reducing its debt and declassifying as an NBFC-core investment company. RBI rules necessitate listing if it remains an upper-layer NBFC, requiring significant equity sales.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Friday. While BSE Sensex was above 77,800, Nifty50 was above […]
