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The Reserve Bank of India is contemplating a ban on private equity firms holding majority stakes in multiple non-banking financial companies. The planned regulations aim to distinguish between controlling stakes and smaller investments, with the latter facing less scrutiny. Growing foreign investment interest in India's financial sector includes significant deals by major firms such as Blackstone and Temasek.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/WuivSV2
Top stock market recommendations: IDFC First Bank, Bajaj Holdings And Investment, and TCS are the top stocks to buy as per Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth’s recommendation for November 12, 2026.
Moody's Ratings has revised its growth forecast for India to 7% for the current financial year. The rating agency noted India's resilience to energy supply shocks and broad-based economic momentum. It also highlighted risks such as inflation and potential impacts from a deficient southwest monsoon. Global institutions like the Asian Development Bank and World Bank have similarly raised India's growth outlook.
Anthropic, an artificial intelligence company, has announced plans for an initial public offering expected soon. The IPO could raise nearly $70 billion, although pricing details have been retracted. In addition to public offerings, Anthropic lined up private placements with major tech firms like Google and Microsoft. The company reported significant losses while maintaining expectations for ongoing investments in AI and infrastructure.
On November 10, select bank branches across India will be closed in observance of Diwali, a time for festive celebrations. While customers can still enjoy digital banking options like mobile banking and UPI, in-person services at physical branches will be unavailable. Additionally, due to various local festivals, some regions will also experience bank closures on November 11.
