India is setting up a fund worth 330 billion rupees ($4 billion) to provide liquidity to its corporate debt market during bouts of stress, to help stem panic selling and ease redemption pressures, an SBI Mutual Fund executive told Reuters. The government will provide 90% of the money for the fund, and other asset managers…
Benchmark stock market indices fell on Friday as global cues weakened in the wake of fresh worries over the possibility that the US Federal Reserve would keep interest rates higher for longer. The S&P BSE Sensex closed 0.52 per cent lower at 61,002.57, while the NSE Nifty 50 closed 0.51 per cent lower at 17,944.20….
Australia put up an improved performance with the bat on the opening day of the second Test against India in Delhi but they were bowled out for 263. After being bundled for 177 and 91 in Nagpur, the Australians had Usman Khawaja and Peter Handscomb to thank for more respectable first innings total here.In response,…
India’s leading digital payments and financial services firm Paytm’s loan distribution business is proving to be the biggest driver of profitability for the company. Paytm’s lending products, Paytm Postpaid, Personal loans and Merchant Loans, are underwritten by the fintech giant’s lending partners, with Paytm acting as the collection outsourcing partner. Its data-backed focus on credit…
IPL fans can finally rejoice as the full schedule of the upcoming season of the tournament has been revealed on Friday with the competition starting on 31st March. The 2023 edition of the IPL will kickstart with defending champions Gujarat Titans taking on Chennai SuperKings at Ahmedabad on the opening day. The competition will commence…
Highlighting water security as an important concern for India, Prime Minister Narendra Modi on Thursday virtually inaugurated ‘Jal Jan Abhiyan’, a joint nationwide campaign of Brahma Kumaris and the Union Ministry of Jal Shakti. The event was organised in Rajasthan’s Sirohi district.Referring to the issue of water scarcity as a global problem, PM Modi said…
Kerala Chief Minister Pinarayi Vijayan wrote a letter to state Governor Arif Mohammed Khan, asking him to clear eight bills awaiting approval by Raj Bhavan. One of the bills that the LDF government has asked the Governor to clear seeks to replace him as the vice-chancellor of state-run universities. The letter was sent as a…
Netflix Global Chief Executive Officer Ted Sarandos on Friday met Information and Broadcasting Minister Anurag Thakur. During the meeting, Ted Sarandos informed the Union minister that Indian regional content was the most viewed content globally, apart from being dubbed in dozens of languages. Meanwhile, Union minister Anurag Thakur highlighted the expanding creative economy and how…
IndiGo has ordered 500 more aircraft as part of an expansion plan to serve passengers flying from India to Istanbul and beyond Europe, said the airline’s Head of International Sales, Vinay Malhotra. “IndiGo has ordered 500 more aircraft for the expansion plan. Currently flying 1,800 flights a day, and 10% of them are on international…
Armed militants stormed the office of the Karachi Police chief on Friday and opened fire. As per local media reports, at least eight armed militants are still inside the police chief’s office, situated on Sharea Faisal in Karachi. A police personnel and a civilian were killed in the attack. At least 8-10 armed men are…
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