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The Reserve Bank of India (RBI) has proposed new Counterparty Credit Risk (CCR) norms for banks acting as clearing members in equity and commodity derivatives exchanges. These draft norms, aligning with global Basel standards, introduce higher risk weights for longer-tenor and more volatile instruments.
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News and Media
UltraTech Cement plans to sell up to 6.49% stake in India Cements through an offer for sale on August 21-22, aiming to reduce its holding to 75% to comply with SEBI norms. The floor price is set at 368 per share, potentially raising nearly 740 crore. UltraTech acquired India Cements in 2024 and is expanding its production capacity.
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News and Media
Federal Reserve policymakers debated interest rate decisions last month, with some dissenting against holding rates steady due to concerns about a weakening job market. Subsequent labor data validated these concerns, showing fewer jobs created and a rise in unemployment. However, recent inflation data has complicated the outlook, leading to ongoing discussions about tariffs' impact and the appropriate policy stance.
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News and Media
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