Tata Steel, one of India's largest steel producers has announced that it will combine all metal companies of the Tata Group into itself.
The Reserve Bank of India (RBI) said it has directed Mahindra and Mahindra Financial Services to immediately stop any recovery or repossession operations through outsourcing arrangements, till further orders.
The rupee depreciated by as much as 39 paise to a record low of 81.18 against the US dollar on Friday. The greenback hovered near two-decade highs after the US central bank announcements, putting pressure on the rupee.
The shares of Can Fin Homes Ltd have been under pressure after its managing director and chief executive officer (MD & CEO) Girish Kousgi resigned stating personal reasons.