Centre proposes bill to ban unregulated lending

The Indian government drafted a bill to combat illegal lending. The bill proposes a 10-year jail term and a ₹1 crore penalty for violators. An online database of approved lenders will be created. The database will help identify illegal lenders. The move follows action against several digital loan apps. The government aims to curb predatory […]

Rupee breaches 85-per-US dollar mark on hawkish Fed stance

The Indian rupee hit a record low of 85.07 per dollar on Thursday, pressured by the US Fed’s hawkish stance and rising US bond yields. The rupee has depreciated for four consecutive days despite RBI intervention. Foreign portfolio investors sold Rs 4,224.9 crore on Thursday.

Concord Enviro offers exposure to high potential water treatment sector

Concord Enviro, a water and wastewater management solutions provider, is launching an IPO to raise Rs 500 crore. The company has a strong international presence and a growing order book. However, its financial performance has been inconsistent. Investors should carefully assess the company’s future prospects before making an investment decision.