Date : Mar 30, 2022 Money Market Operations as on March 29, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 483,689.99 3.39 1.00-5.40 I. Call Money 9,753.92 3.31 2.20-3.60 II. Triparty Repo 354,281.40 3.39 3.15-3.48 III. Market Repo 119,616.67 3.40 1.00-3.55 [...]
The Sri Lankan government on Wednesday extended the nationwide daily power cuts from seven hours to 10 due to the non-availability of fuel to generate hydro-electricity. Sri Lanka is facing an unprecedented acute economic and energy crisis caused due to shortage of foreign exchange. A sudden rise in prices of key commodities and fuel shortage [...]
Bengaluru, Karnataka, India – Business Wire India A book is a magical object that makes our imagination go wild and helps us travel places. How many times have you traversed across the world to a unique land filled with interesting people, all in the comfort of your home? Every time you read a book, right? [...]
New Delhi, Mar 30 (PTI) Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday. According to the sources, the deal, to be valued at USD 2.5 billion (about Rs 18,000 crore), will be subject to regulatory [...]
Shares of Tata Coffee rallied 13.07% on Wednesday after Tata Consumer Products announced the merger of all businesses of the company with itself as part of a reorganisation plan in line with its strategic priority of unlocking efficiencies and synergies. Tata Coffee’s shares jumped 13.07 per cent from ₹ 196.25 to ₹ 221.90 apiece. The [...]
An exceptional journey of manufacturing excellence driven by quality and sustainability Chennai, Tamil Nadu, India – Business Wire India BMW Group Plant Chennai has completed 15 years of operations in the country today. Following all necessary safety guidelines, the plant celebrated this significant landmark at a memorable event with all associates. Mr. Thomas Dose, Managing [...]
New Delhi, Mar 30 (PTI) The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said on Wednesday.In an interview with PTI, Chakraborty said high-frequency data show that in many countries, inflation is higher than expected, there are supply [...]
Mumbai, Maharashtra, India – Business Wire India 21K School - India’s first online-only school, is well on its way to becoming the largest online-only K12 school in South Asia. It will be registering over 15,000 students for the upcoming academic year by July 2022 and by 2023, the school plans to have over 30,000 students. [...]
BANGALORE, India, March 30, 2022 /PRNewswire/ -- OSlash, an enterprise software that facilitates cross-sharing of information in a workplace, announced a $5M post-seed round from 40+ well-known operators including Kunal Shah (CEO, Cred), Christian Oestlien (VP Product, YouTube), Kevin Weil (President, Planet; ex Instagram), Akshay Kothari (COO, Notion), and Cristina Cordova (Partner, First Round), in [...]
Thiruvananthapuram, Mar 30 (PTI) Automotive solutions company Acsia Technologies is all set to expand its facility with 85,000 square feet space at the Embassy Taurus TechZone in Technopark Phase-III here. The company, which develops software solutions for major automotive carmakers, said the new office will be able to accommodate more than 1,000 employees. Acsia Technologies, [...]
