Stock of REC was trading at Rs 98.90, down 7.35 per cent, while PFC scrip was trading at Rs 79.60, 1.18 per cent lower over previous close on the BSE.

Interest rate on small saving scheme has been linked to market and government takes a call on these interest rates every quarter.

The NBFCs borrowings through debentures and commercial papers (CPs) have been on the rise in the last 5 years.

Social media giant Facebook on Monday said it has appointed former Hotstar executive Ajit Mohan as Vice-President and Managing Director of its India operations.

In the last two RBI rate hikes, the quantum of transmission of the deposit rates has been higher than the lending rates.

The election commission released provisional results earlier Monday showing Solih had won the South Asian island nation's third-ever multiparty presidential election with 58.3 percent of the vote.

While the Sensex closed 536 points or 1.46% lower to 36,305, the Nifty lost 175 points or 1.58% to trade at 10,967 level. This is the weakest closing since July 11 when it settled at 36,265.93. The Sensex has lost 1,249.04 points in the previous four sessions.

The Dewan Housing Finance stock rose up to 24.80% or 87 points to 438.75 level in early morning trade. On Friday, the stock went into a tailspin, nosediving 42.43 per cent to end at Rs 351.55 on the BSE.

The Centre has prepared a list of non-essential items whose imports can be curbed and also drawn up a separate list of goods whose exports can be boosted with a little policy intervention.

Finance Minister Arun Jaitley even raised questions on the timing of Hollande's comment on the Rafale deal and Rahul Gandhi's tweet warning of 'some big bunker buster bombs in the next couple of weeks'.

Some of the banking as well as housing finance companies stocks saw severe beating today which dragged the markets down. Among housing finance companies, Dewan Housing Finance (DHFL) stock was the worst performing.

NRIs, OCIs (Overseas Citizens of India) and RIs (Resident Indians) have been permitted to hold non-controlling stake in FPIs.

In its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth.

The WBG institution comprises of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).

What brought on the heavy selling in the stocks of non-banking finance companies (NBFCs)? Blame it on tightness in the money market and investor concerns over rising cost of borrowing for the companies amid continuing financial crisis at IL&FS.

According to Gorman, the rupee's depreciation is not a reflection of poor economic management, rather an \"unfortunate consequence\" of external factors.

Fitch said it believes that a disorderly Brexit (UK exiting from European Union) could significantly disrupt JLR's supply chain and affect the company's earnings and cash generation.

The irony is that the home-grown retailers are starved for cash and need capital and at the same time global giants are finding ways of investing in multi-brand physical retail companies.

Interest rates on government securities have been rising for quite some time but the government did not hike the interest rates in last quarter which started from June.

Dimon said that India's world beating economic growth as well as critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency