Essar Group arm secures ₹3,806 crore through financing facilities from top European, UK banks

Banks are attracting NRI dollar deposits through RBI’s FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percent. Customers can borrow multiple times their capital to amplify these dollar yields. However, early redemption carries substantial penalties and lender control over pledged funds. Investors face liquidity constraints and regulatory risks with these leveraged products.

Alpine Texworld’s IPO is in its final bidding day, drawing investor interest. The public issue was subscribed eighty percent by the second day. Retail investors showed strong participation, subscribing eighty-six percent of their quota. The company plans to use funds for capacity expansion and debt reduction. Shares are expected to list on stock exchanges on…

The US government plans to expand an additional fee for certain visa petitions. This fee currently applies to initial H-1B and L-1 visa grants. The proposed change will extend this charge to petitions for extensions of stay. Companies with over fifty employees and a majority on these visas will be affected. This expansion aims to…