Here's a rundown of 11 significant news stories to keep you in the know:

Share Market Live

NSE

#LatestNews⚡

China President Xi Jinping pledges "heart-warming" steps to attract foreign capital

Chinese President Xi Jinping pledged to make it easier for foreigners to do business in China in highly anticipated remarks delivered to a major summit, as corporate confidence wanes in the planet’s second-largest economy.

The Chinese leader vowed his nation would create a "world-class business environment" and improve mechanisms for protecting the rights of international investors, in a written speech published Thursday at a CEO forum being held in California.

RBI tightens consumer lending norms, asks banks, NBFCs to set aside higher capital buffers

The Reserve Bank of India (RBI) has tightened rules for consumer lending, asking banks and non-banking financial companies (NBFCs) to set aside higher buffers and put in place board-approved policies to monitor exposure limits to this segment. The development comes after the RBI governor flagged concerns about the high rate of growth of consumer loans on multiple occasions, asking lenders to remain cautious.

The banking regulator has increased the risk weights for consumer credit exposure of commercial banks, including outstanding, personal loans, but excluding housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery, by 25 percentage points to 125%.

#TechTalks