The Reserve Bank Friday announced guidelines for co-origination of priority sector loans by banks and NBFCs with a view to enhancing flow of funds to the sector at competitive rates.

As per the norms issued by the RBI for all scheduled commercial banks (excluding Regional Rural Banks and Small Finance Banks) and Non-Banking Financial Companies - Non-Deposit taking- Systemically Important (NBFC-ND-SIs)

After several quarters of slow growth, IT major Wipro is seen to have regained the momentum with the clinching of the $1.6-billion Alight deal earlier this month.

The contract has not only cemented the position of its chief executive officer (CEO) Abidali Neemuchwala, it has also proven the ability of the current management to successfully chase and close larger deals that are becoming scarcer in the market.

The response to Jeff Bezos's announcement of a $2-billion fund to create preschools and help homeless families has been muted if not sceptical. Some critics say that Bezos should give raises to Amazon workers first. Others argue that he should be taxed instead and the revenue put toward education.

In a bid to tighten the noose around market offenders, the government has directed the Securities and Exchange Board of India (Sebi) to frame a policy on recovery proceedings.

The new rules could help the market regulator seize assets of violators even before a final judgment is passed by appellate bodies.

Digital currency worth around 6.7 billion yen (USD 60 million) has been stolen in Japan following a hacking attack, a virtual exchange operator said on Thursday. Osaka-based Tech Bureau, which operates virtual currency exchange Zaif, said its server had been illegally accessed and money transferred.

Following multiple postponements for the bid submission dates for the forthcoming 10,000 MW manufacturing-linked solar auctions, the Solar Energy Corporation of India (SECI) has eased a few norms for firms potentially participating in the bids.

As per the new amendments, the amount of bank guarantee to be submitted by developers has been reduced by almost 25% to Rs 466 crore.

Shares of Maruti Suzuki, which rose over ten-fold in six years through 2017, seem to have lost the steam. The stock has corrected close to 16% since January after its record-setting run, beating the Nifty returns for six years in a row. Among its most stellar returns were a gain of 88.8% in 2014 and 82.9% in 2017.

In a bid to start a new chapter in India-Pakistan relationship, Imran Khan has reached out to PM Narendra Modi. According to reports, Pakistan PM Imran Khan wants talk to resume between the two neighbours, and as first step, he is hoping that the foreign ministers of both countries can meet at the sidelines of United Nation General Assembly in New York in this month end.

Amazon India’s flagship campaign ‘Apni Dukaan’, to connect with customers in the remotest parts of the country, could run into copyright issues. Pune-based businessman Ravi Jain, who registered apnidukaan.com as a domain name back in 2007, wants Amazon to stop using the campaign.

The nation's largest lender State Bank of India Wednesday raised the first tranche of USD 650 million through a maiden green bond offering, which is part of its planned USD 3 billion in such funds for onward lending to green projects.

The five-year dollar money is priced at the US treasury plus 165 basis points, while from for an British investor the coupon will be 3 Libor plus 151 bps.

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