NBFC risk-weight move sends gold finance companies’ shares soaring

Mumbai: Gold finance companies Manappuram FinanceNSE 0.72 % and Muthoot FinanceNSE 0.39 % rallied on Thursday after the RBI in its sixth bi-monthly monetary policy said that it will assign risk weights for rated exposure of banks to all NBFCs. While Muthoot Finance ended up 6.5 per cent to Rs 515.60 and Manappuram Finance gained 7.7 per cent to Rs 104.05 on Thursday. Earlier, claims on exposure of corporates, asset financing companies and infrastructure NBFCs were risk-weighted as per their ratings. But for NBFCs, which are systemically important non-deposit taking NBFCs there was a blanket 100 per cent…

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Expect Gold to trade positive: Sushil Finance

Gold prices touched an over two – week low on Monday before paring  losses as chart signals helped offset pressure from a stronger dollar and  an early advance in equities. Gold prices were also under pressure from expectations that Japan’s  ultra – loose monetary policy would stay in place after Prime Minister  Shinzo Abe’s election victory at the weekend lifted the dollar to a three – month high versus the yen. Bullion is highly sensitive to rising U.S. interest rates, which lift the opportunity cost of holding non – yielding…

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Liquid gold: exploring London’s canals and waterways walks

Cruising through the capital on a canal boat has given writer Helen Babbs a new perspective on London. Here she suggests some lesser-known places to visit along its navigable waterways, including a lost canal south of the river Barge-ing through … a canal boat sailing up the Regent’s canal towards Islington Tunnel. Photograph: Alamy Imoved to living on the water almost three years ago, and one of the best things about being on a boat is the proximity to nature. One morning I opened the curtains to see a cormorant…

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Liquid gold: exploring London’s canals and waterways walks

moved to living on the water almost three years ago, and one of the best things about being on a boat is the proximity to nature. One morning I opened the curtains to see a cormorant swimming westwards, fish-like and gleaming, slowly followed by a gaggle of foraging Canada geese. The whole of London’s canal network is designated a site of importance for nature conservation; it’s a great place for wildlife spotting, as well as people watching – a welcome blue-green space amid the capital’s grey. You don’t have to…

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