Shares of gold financing companies -- Muthoot Finance, and Manappuram Finance -- came under heavy selling pressure on Thursday, May 9, after the Reserve Bank of India (RBI) cautioned them against breaching the Rs 20,000-cap on cash loan disbursal.

Muthoot Finance tumbled 8.8 per cent (Rs 1510), while Manappuram Finance shed 8.3 per cent (Rs 165.15) on the BSE in the intraday trade. By comparison, the benchmark S&P BSE Sensex was down 488 points (0.66 per cent) at 10:25 AM.

The Reserve Bank of India (RBI) has cautioned the non-banking finance companies (NBFCs) extending gold loans against breaching the Rs 20,000 cap on cash loan disbursal.

While issuing the advisory, the central bank referred to the provisions of the Section 269 SS of Income Tax Act, 1961, that stipulates no individual can receive more than Rs 20,000 as loan amount in cash.

Online food delivery platform Zomato co-founder and CEO Deepinder Goyal on Wednesday unveiled India’s first crowd-supported weather infrastructure, which would provide localised, real-time information on key weather parameters such as temperature, humidity, wind speed, rainfall, and more.

Called weatherunion.com, it is a proprietary network of over 650 on-ground weather stations.

After around 91 flights were cancelled since Tuesday, as over 100 cabin crew members did not report for duty as a form of protest, Air India Express reportedly issued termination letters on Wednesday to several of the agitating employees.

The protesting cabin crew members had reported being sick, leading to the cancellation and delay of flights and leaving hundreds of passengers stranded across various airports since Tuesday night.

Walt Disney and Warner Bros Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the United States starting this summer, the companies said in a statement on Wednesday.

Customers will be able to sign up on any of the three individual websites and chose from an ad-free or ad-supported plan. No prices were disclosed.

Hitting out at the INDIA opposition bloc, Union Home Minister Amit Shah on Wednesday said if it comes to power after the ongoing Lok Sabha polls, it will put a "Babri" lock at the Ram temple in Ayodhya.

Addressing a rally in support of Union Minister of State for Home Ajay Mishra, who is the ruling Bharatiya Janata Party's (BJP) Lok Sabha poll candidate from Lakhimpur Kheri.

The Delhi High Court on Wednesday dismissed with Rs 1 lakh costs a public interest litigation by a lawyer seeking appropriate arrangements for Chief Minister Arvind Kejriwal to run the government from jail.

The petitioner also sought to restrain Delhi BJP president Virendra Sachdeva from exerting any "undue pressure" for resignation of Kejriwal.

Larsen & Toubro (L&T) on Wednesday said its power transmission and distribution business has bagged multiple orders in the country and overseas.

The business has bagged orders to set up two floating solar plants in India.

Floating solar projects involve mounting solar modules on structures that float in a water body, typically areservoir/lake/abandoned quarry.

Google has introduced a private digital wallet for Android users in India, allowing users to securely store cards, tickets, passes, keys and IDs, an official said on Wednesday.

Google Wallet can be downloaded from Play Store and would allow users to store their debit cards, credit cards, loyalty cards, and gift cards among other things.

After the third phase of general elections in the country, the third fuse of Congress and its INDI Alliance parties was blown off, Prime Minister Narendra Modi said on Wednesday.

Addressing a rally at Vemulawada, about 150 km from here, Modi said four phases of polling are left and with the blessings of people, the BJP and NDA marching towards victory.

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