The Reserve Bank of India (RBI) has ruled out a special refinancing window for non-banking financial companies (NBFCs) as the regulator feels that there is no systemic risk as of now.
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Midnight rejig of CBI brass
Central Bureau of Investigation (CBI) Director Alok Verma and Special Director Rakesh Asthana were stripped of their powers and sent on leave on the intervening night of Tuesday and Wednesday in a bid to end the “factional feud” in the agency.
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Investors put $1.25 bn in Airtel Africa
Bharti Airtel announced it was getting six marquee investors to put a total of $1.25 billion in its fully-owned subsidiary, Airtel Africa. This will be through the issuance of fresh equity. The African company will float an ipo on an international stock exchange soon, which has not been chosen yet.
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