The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments The Reserve Bank of India (RBI) on Monday infused ₹79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction. The RBI…
Infosys plans to repurchase 10 crore fully paid-up equity shares of face value Rs 5 each, representing up to 2.41 per cent of its total paid-up equity share capital. The buyback price has been set at Rs 1,800 per share. Infosys Ltd‘s Rs 18,000 crore share buyback programme will open for subscription on Thursday (November…
The revocation of the sanctions waiver comes as a challenge for India, as it is involved in the development of a terminal at Chabahar Port India on Friday said it is currently examining the implications of the United States (US) revoking the sanctions waiver for Iran’s Chabahar port. In a press briefing, the Ministry…
Market sentiment received a boost after retail inflation fell to a nearly six-year low of 3.16 percent in April. The benchmark indices ended higher on Wednesday, buoyed by easing retail inflation and positive global cues, even as technical analysts suggested that bullish momentum in the market could persist as long as the Nifty trades above…