Hinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns. Nageswara Rao Y was appointed as the administrator.
Asia stocks hold steady as more rate cuts loom
Asian stocks remained steady on Monday as investors awaited central bank meetings expected to result in two more rate cuts and key U.S. inflation data.