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News wrap Nov 25: India has more women than men; cryptocurrencies won't be legal tender; Latent View at 3x of IPO price and more

News wrap Nov 25: India has more women than men; cryptocurrencies won't be legal tender; Latent View at 3x of IPO price and more

News wrap Nov 25: India has more women than men; cryptocurrencies won't be legal tender; Latent View at 3x of IPO price and more
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By CNBCTV18.com Nov 25, 2021 10:30:58 PM IST (Updated)

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Here are the top news from the world of business, economics, national and international politics and more, handcrafted for you by the CNBC-TV18.com team.

For the first time, since the National Family and Health Surveys began in 1992, the population of women in India is reported to be more than that of men. TV Somanathan, Finance Secretary, has made it clear crypto will not be legal tender by any means. Meanwhile, Nifty Bank fell for the first time in four months. On the health front, AIIMS Chief Dr Randeep Guleria Huge has said a third COVID-19 wave is unlikely to hit India. For all these stories and everything in between, here are some top news of the day

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Unsure if BPCL divestment will conclude in FY22, says Fin Secy
TV Somanathan, Finance Secretary said is unsure if the divestment of maharatna Bharat Petroleum Corporation Limited (BPCL) will take place in FY22. "There is a good chance," he said adding "we are not likely to fully achieve divestment target" this fiscal. Read more
Cryptocurrencies won't be legal tender, says Fin Secy
Speaking about cryptocurrencies, Finance Secretary Somanthan said, "one thing I can say very clearly is that crypto will not be legal tender by any means." He added gold, silver, or alcohol are not legal tender and cryptos won't be either. Read more
RBI’s new norms could lead to spike in NPAs for NBFCs: ICRA
The Reserve Bank of India's revision of bad loan recognition and upgradation norms could bring a sharp spike in the non-performing assets (NPAs) for non-banking finance companies (NBFCs) in the country. Credit rating agency ICRA estimates that the new norms could take NBFC NPAs up by 160-180 bps. Read more 

Bank Nifty falls first time in 4 months
Nifty Bank is on track to finish the November futures & options series over five percent lower, registering the first fall in four months. The fall mirrors the decline in benchmark indices. Dig deeper
Reliance Industries shares surge 6%
The shares of Reliance Industries surged over 6 percent Thursday as the company announced a scheme to transfer Gasification Undertaking into a wholly-owned subsidiary. The shares closed at Rs 2,501 on the National Stock Exchange (NSE). Dig deeper
Latent View Analytics at 3x of IPO price
Shares of Latent View Analytics surged over 20 percent Thursday, taking the stock over 3 times higher than its IPO price. The stock has emerged as the third-best debutant this year. Dig deeper

For first time, India has more women than men: NFHS survey
The National Family and Health Survey (NFHS), in its latest report, has indicated a major shift in India's demography. For the first time since these surveys began in 1992, the population of women in the country is reported to be more than that of men. Read for details
Huge third COVID-19 wave unlikely to hit India; no need for boosters, says AIIMS Chief Dr Guleria
A third Covid-19 wave of a magnitude comparable to the first two is unlikely to hit India, AIIMS director Dr Randeep Guleria said as he underlined that absence of surge in cases at the moment. He suggested that vaccines are still protecting against the virus and there is no need for a booster dose for now. Read more
Delhi to resume schools, colleges from November 29 as air quality improves
The Delhi government has decided to resume physical classes in schools, colleges and other educational institutions and reopen government offices from November 29 in view of an "improvement" in the air quality.  More details here 

Violence against women a threat to economic development: IMF report
A sharp uptick in gender violence is yet another of COVID-19's side effects. In the short term, the abused women are likely to be less productive, while in the long run, there will be a drop in the number of working women, an IMF report said. Read more 
EU to recommend 9-month limit on COVID-19 vaccine for travel
The European Union (EU) will propose a nine-month time limit on COVID-19 vaccines for travel into the bloc and also give priority to vaccinated travellers, a report said. The news comes on the heels of the European Centre for Disease Prevention and Control recommending booster doses for adults.  Read more 
Explained: Why IMF does not support El Salvador’s use of Bitcoin as legal tender
The International Monetary Fund (IMF) believes El Salvador, a Central American country, should not use Bitcoin as legal tender. The reason: risks related to the digital currency. Dig deeper

The stigma around therapy continues
Five years ago today, Dear, Zindagi was released, starring Alia Bhatt and Shahrukh Khan. It was the first major Hindi film to feature someone struggling with mental health in regular light. But five years hence, the stigma around mental health continues in the country. Read more

Planning a vacation? Personal loan vs credit card vs buy now pay later compared
Holidays can weigh heavy on one’s wallet. Therefore, it is always advisable to create and stick to a budget and use money from one’s savings to pay for a vacation. But, if one doesn’t have savings on hand, personal loans, credit cards, and buy now pay later (BNPL) can come to the rescue. Read more to find the best option for you
5 key things to consider while availing home loans
Once you have finalised the property, the next big task is to identify the bank or financial institution for home loan. Before you make a move, you should do some preparation and some background work to avoid hassles in your home loan process. Read about the factors to consider
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