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The commitment to the RBI comes in the backdrop of the central bank's draft guidelines issued last October on 'Forms of Business and Prudential Regulation for Investments.' The guidelines say that core lending business should be undertaken by the bank while restricting lenders and their NBFC units from duplicating similar revenue streams.
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Snack maker Kellanovas shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators.
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Problems at the Office for National Statistics, which provides data informing policy decisions affecting millions, need to be addressed so it can rebuild its reputation, a review says.
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