India’s central bank has set a September 30 deadline for Tata Sons, the holding company of the Tata Group, to list publicly. Classified as an upper-layer shadow bank, Tata Sons faces this mandate under new RBI regulations for large NBFCs. The group, however, argues it’s not ready and has sought deregistration, creating a significant regulatory face-off.
Global markets: Stocks slip as dollar heads for weekly loss
In a week fraught with concerns over escalating interest rates and financial complications tied to AI, global stock indices saw moderate declines. While the S&P