NBFC shares gain on RBI guidelines
MUMBAI (Reuters) - India's non-banking financial shares gain on Monday after the RBI issued guidelines allowing any business sector to apply for banking licenses.
M&M Financial shares were up 6.4 percent at 10:09 a.m.
IDFC Ltd (IDFC.NS), a lender and consultant for infrastructure projects, was up 1.8 percent.
(Reporting by Rafael Nam; Editing by Anand Basu)
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India has withdrawn the drug pricing authority's powers that allowed it to fix the prices of medicines not deemed essential, after its decision to impose price caps on more than 100 drugs in July triggered industry protests. Article