Tata Sons, the parent company of the Tata group, is looking for a way to get exemption from an RBI notification that included it among the top 10 NBFCs in terms of asset size, The Economic Times reported Friday.

Citing people aware of the matter, the report said the Reserve Bank of India has also included Tata Sons among 16 NBFCs in the upper layer (UL).

Delhi BJP working president Virendra Sachdeva claimed that Chief Minister Arvind Kejriwal renewed his attack on Lt. Governor (L-G) Vinai Kumar Saxena to "divert media focus" from the Enforcement Directorate chargesheet, which alleged that the AAP "misused liquor scam kickback cash" in the Goa Assembly elections.

Sachdevaha said that Chief Minister Kejriwal is "creating a constitutional crisis in Delhi by continuously making irresponsible comments against the L-G".

Leader of Opposition in the Rajya Sabha, Mallikarjun Kharge called for a meeting of opposition parties on Friday to chalk out a strategy over research group Hindenburg's report on the Adani Group

Both Houses of Parliament were adjourned on Thursday as the opposition demanded an investigation by the Joint Parliamentary Committee (JPC) on the new revelations.

Shares of Adani group companies continued their downward spiral with 7 out of 10 companies locked at their respective lower circuits on the BSE on Friday at 09:34 AM.

Among individual stocks, Adani Enterprises, the flagship group company, was locked at the temporary lower circuit of 15 per cent at Rs 1,330 on the BSE. The stock trades in the futures & option (F&O) segment, which has no circuit limits.

Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this week's robust report from rival General Motors Co.

Ford blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.

Under fire following allegations of fraud and stock manipulation, the Adani group has received another jolt from the US markets. The group's flagship company Adani Enterprises has been removed from the Dow Jones Sustainability Indices effective February 7.

According to a note issued by S&P Dow Jones Indices, home to iconic financial market indicators, the decision to remove Adani Enterprises was taken "following a media & stakeholder analysis".

Citigroup Inc.’s wealth arm has stopped accepting securities of Gautam Adani’s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon’s finances following allegations of fraud by short seller Hindenburg Research.

The US lender’s move to restrict lending comes after a similar change at Credit Suisse Group AG, as Adani’s beleaguered empire becomes further engulfed in crisis.

The first-ever G20 meeting in Assam began on Thursday with Union Minister Sarbananda Sonowal inaugurating the two-day event, which will deliberate on sustainable financing solutions.

More than 100 delegates, including 95 foreign officials, comprising representatives of G20 nations, guest countries and international organisations have assembled in Guwahati for the discussions of the influential world grouping.

Union Budget 2023-24 has a slew of measures to boost exports and help accelerate the growth of manufacturing in the country, said an official press release by the government, adding that the indirect tax simplification and rationalisation have a clear export-oriented focus, as per an official press release.

The Department of Commerce's recommendation on lab-grown diamond (LGD) has been accepted whereby the research grant of Rs. 242 crores over a period of 5 years to IIT Madras has been approved. This will enable the indigenisation of the manufacturing process of LGD, as per an official release.

Shares of Adani group companies extended their downturn on Thursday with Adani Enterprises, Adani Transmission, Adani Green Energy and Adani Total Gas tanking 10 per cent each to hit their respective lower circuits on the BSE, as of 09:21 am, with no buyers seen on these counters.

Adani Wilmar, Adani Power and New Delhi Television (NDTV) were also locked in the 5 per cent lower circuit. Adani Ports and Special Economic Zone was down 10 per cent to Rs 443 in the intra-day trade, while ACC and Ambuja Cements declined 1-3 per cent.

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