News digest: Capital norms, stock markets, luxury products biz, and more

India is set to end 2018 as the best-performing Asian market and the best-performing major global market after Brazil

RBI says haste in easing norms for banks harmful to economy

The Reserve Bank of India on Friday warned that any haste in relaxing rules for capital adequacy and risk weights when defaults were high and provisions low was harmful for economy. Read more

Small companies struggle to stay afloat as bigger peers race ahead

The recent recovery in corporate revenues and profits has bypassed firms at the bottom of India’s corporate pyramid, and many of them are now struggling to stay afloat or going through a decline. Read more

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