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US buyout group TPG Capital is nearing a deal to acquire a significant minority stake of 30-40% in Nirmal Jain's IIFL Capital Services. This move could position TPG as the largest shareholder, coinciding with Jain's plans to re-enter wealth management. The potential transaction, including an open offer, could be valued up to 8,000 crore.
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News and Media
Except for a few NBFCs with legacy licences, most NBFCs are barred from raising retail deposits. Bajaj Finance, Shriram Finance, and Mahindra Finance are among the few NBFCs that are permitted to accept retail deposits. The governor met the CEOs of NBFCs, housing finance companies, microfinance institutions, and industry representatives on Monday.
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Zerodha founder Nithin Kamath said SEBIs 15% open interest cap restricts broker growth but protects consumers by limiting concentration risk, ensuring no single broker dominates markets while encouraging overall industry expansion.
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Further U.S. Federal Reserve interest rate changes will need to be "finely tuned" to incoming data given risks to both the Fed's unemployment and inflation goals, Richmond Fed president Tom Barkin said on Tuesday.
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News and Media
Sebi has proposed a uniform 30-day lag for sharing and using market price data for educational purposes, balancing data misuse concerns with content relevance, and invited public feedback by January 27, 2026.
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News and Media
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