News digest: Essar Steel bid, stock markets, crisis-hit NBFCs, and more

Banks can lend more to cash-strapped NBFCs

In a bid to increase liquidity for cash-strapped non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) on Friday announced regulatory relaxations, giving banks room to lend more to NBFCs and housing finance companies (HFCs). Read More...

Stock market falls as NBFCs take a beating

1% for a second straight trading session as stress in the financial sector continued to weigh on investor sentiment. Read more...

ArcelorMittal is highest bidder for Essar Steel

ArcelorMittal on Friday emerged as the highest bidder for Essar Steel, the company said in a release to