Governance advisory firm InGovern has highlighted risks in LG Electronics India’s IPO, including Rs 4,717 crore in disputed tax claims, royalty payments to the South Korean parent, and high promoter stake, which could impact minority shareholder influence and profit margin
The Reserve Bank of India has proposed draft rules to ease foreign currency borrowings for Indian companies. The framework expands eligible borrowers and lenders, links limits to financial strength, simplifies regulations, and allows market-determined interest rates for external commercial borrowings
The RBI has cancelled the certificate of registration of Datta Finance and Trading Pvt Ltd for violating guidelines on outsourcing core functions in digital lending. The company will no longer operate as an NBFC following irregular lending practices