The Reserve Bank of India (RBI) has directed large non-banking finance companies (NBFCs) to disclose the maximum rates charged on each loan product, including interest and other fees. This measure aims to ensure transparency and curtail any potential usurious practices amid growing household indebtedness.
Reliance Industries (RIL) is broadening the syndication of its $3-billion dual currency loan, adding around 10 global banks, including ANZ, Barclays, and JP Morgan, to the original eleven lenders. The funds, partially denominated in yen, will be used for upcoming repayments.
City and state officials hammered out a plan for Mercy Housing, an affordable housing nonprofit that owns and operates dozens of Chicagoland properties, to take over the 1920s-era Leland.
Trump's executive order ignited confusion among hospitals and other providers of gender affirming care across the country, with some hospitals and clinics in other states abruptly halting such care.
Elon Musk's Department of Government Efficiency has initiated significant disruptions in the federal government, dismantling programs and prompting lawsuits and protests. President Trump's partnership with Musk aims to reduce government size, raising concerns over legality and democratic processes, while Congress grapples with its legislative role and authority.
The Indian rupee weakened to a record low of 87.487 per dollar on Wednesday, before closing at 87.465 per dollar, down 40 paisa from its previous close, on expectations that the Reserve Bank of India (RBI) will cut interest rates on February 7, traders said.