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 [...]
Shares of Automotive Stampings and Assemblies Ltd, a Tata Group Stock got locked at 5% upper circuit on Wednesday. Its share price has increased by 21.52% in the last 5 days. Despite the Russia-Ukraine conflict, the shares of this company surged from ₹256.60 to ₹556, giving 116.67% returns in one month. In the past six months, [...]
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, [...]
New Delhi, Mar 30 (PTI) Seeking to put in place a stricter regulatory framework for collective investment schemes, markets watchdog Sebi has decided to enhance the net worth criteria and track record requirements for entities managing such schemes.The regulator has also approved changes to listing obligations and disclosure requirement regulations for simplification of procedure for [...]
The commerce ministry is studying the work of its three undertakings - MMTC, STC and PEC, and it will take appropriate steps to protect the national interest, Commerce and Industry Minister Piyush Goyal has said. On a question about whether the commerce ministry is planning to close these units, he said: "We are examining all [...]
Bhubaneswar, Mar 29 (PTI) Despite the adverse impact of COVID-19 and natural disasters, Odisha is expected to grow by over 10 per cent in the current fiscal, but the Russia-Ukraine conflict could hit the state's economy, according to a survey report tabled in the assembly on Tuesday.The Odisha Economy Survey Report 2021-22 said the state [...]
Islamabad, Mar 29 (PTI) Pakistan Prime Minister Imran Khan spoke to Ukraine President Volodymyr Zelenskyy and underlined the need for a permanent end to the "military conflict" between Russia and Ukraine and finding a diplomatic solution to the issue that has adversely impacted the global economy. Prime Minister Khan received a phone call from Zelenskyy, [...]
New Delhi, Mar 29 (PTI) Union minister Rajeev Chandrasekhar on Tuesday urged women not to ignore any incident of online harassment but report the event either to the cyber police or to the platform where such an incident occurs. He said that the government has made strict laws to make intermediaries or the social media [...]
Bengaluru, Mar 29 (PTI) Karnataka Chief Minister Basavaraj Bommai on Tuesday said he wanted genuine investors from a spectrum of industries during the Global Investors' Meet scheduled from November 2 to 4. He said he wants action before the GIM starts where Karnataka should be able to showcase cleared projects to the investors so it [...]
New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook. AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. In a statement, the ratings agency said it has [...]
New Delhi, Mar 29 (PTI) Markets watchdog Sebi on Tuesday issued the operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). In August 2021, the regulator had specified the manner of recording of charges by issuers and manner of monitoring by Debenture Trustees (DTs) and Credit Rating Agencies, among others. As the [...]
Mumbai, Mar 29 (PTI) Three-and-a-half years after the government asked banker Uday Kotak to head a new board to salvage the largest non-banking infra lender IL&FS that went belly up in October 2018, the management has announced the resolution of Rs 61,000 crore or 62 per cent of the Rs 99,355 crore the group with [...]
