Five NBFCs lost their licence over alleged irregular lending practices
Thu, May 26, 2022 7:27 AM

Five NBFCs lost their licence over alleged irregular lending practices

Get it on Google Play
Five non-banking financial companies (NBFCs) offering services through app-based platforms lost their certificates of registration (CoRs) on Wednesday. The Reserve bank of India RBI cited irregular lending activities as the reason for cancelling their CoRs. UMB Securities, Anashri Finvest, Chadha Finance, Alexcy Tracon and Jhuria Financial Services are the NBFCs whose CoRs were cancelled.

More great flips

ICICI Direct recommends buying GBPINR at a target of Rs 96.50

ICICI Direct recommends buying GBPINR at a target of Rs 96.50

The pound appreciated nominally by 0.11% on Friday amid a weak dollar and strong retail sales data. The currency of Great Britain is likely to trade with a positive bias today amid a weak dollar. GBPUSD might break the hurdle of 1.2324 to continue its upward trend towards the level of 1.2360. In this situation, ICICI Direct suggests buying GBPINR at a target of Rs 96.50 and a stoploss of Rs 96.00.

Open Flip
Maruti Suzuki selects hybrid technology cars over EVs in clean transition

Maruti Suzuki selects hybrid technology cars over EVs in clean transition

Maruti Suzuki India executives feel that electric vehicles won't help in minimising carbon emissions in the world’s third-biggest releaser of greenhouse gases -- at least not in the immediate future. The country’s largest automaker trusts that cars that are driven by hybrid technology, natural gas and biofuels currently perform better in achieving a cleaner future than electric cars.

Open Flip
51% stake in U.S. firm Trader Interactive to be acquired by Carsales.com

51% stake in U.S. firm Trader Interactive to be acquired by Carsales.com

Australian Carsales.com, on Monday, announced that it will purchase the remaining 51% stake in U.S.-based Trader Interactive for $809 million. The online auto classifieds firm is planning this move a year after buying 49% in the Virginia-based online advertising company. Carsales.com in May 2021 has already paid $624 million for the 49% stake it holds in Trader Interactive.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon