RBI’s FAQs keep Tata Sons boxed

RBI’s FAQ clarifies why Tata Sons remains an NBFC despite being debt-free and having no direct public borrowings. MUMBAI: Even as Reserve Bank of India rejected Tata Sons’ application to surrender its registration as an NBFC in a terse letter on Friday, it updated its FAQ on NBFCs on Monday, setting out the regulatory provisions…

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Trade row escalates: Trump signs memorandum to block Canadian goods from US federal procurement

The move directs US officials to identify Canadian-origin products for removal from the federal civil procurement system and monitor Canada’s treatment of American goods. US President Donald Trump signed a Presidential Memorandum to take steps to remove Canadian-origin goods from the US federal civil procurement system, escalating trade tensions with Canada.Trump directed the Office of…

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