The Reserve Bank of India (RBI) on Tuesday injected Rs 48,014 crore in transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction, even as surplus liquidity conditions narrowed sharply due to advance tax outflows, reported PTI.The funds were infused at a cut-off rate and weighted average rate of 5.26 per … Read more
Xi Jinping and Donald Trump (File photo) US President Donald Trump’s request to postpone his planned summit with Chinese leader Xi Jinping has cast a shadow over bilateral engagement, even as analysts say ties are unlikely to suffer a major setback, according to a Reuters report.The proposed delay comes at a time when Washington and … Read more
Health insurance has become a priority area for the government, finance minister Nirmala Sitharaman said on Tuesday, expressing hope that the country would achieve universal insurance coverage by 2033 as the sector expands its reach.Replying to supplementary queries during Question Hour in the Rajya Sabha, Sitharaman said the insurance industry had already made significant progress, … Read more
Hyderabad: Pharma player SAI Parenteral’s Limited has set a price band of Rs 372 to Rs 392 per equity share for its initial public offering (IPO that will open for subscription on March 24 and close on March 27, while anchor investor bidding is scheduled for March 23.The IPO, based on the book-building route, includes … Read more
NEW DELHI: Leela Palaces, Hotels and Resorts Tuesday announced the acquisition of an ultra-luxury resort in Coorg. marking the brand’s entry into immersive, nature-led and wellness anchored hospitality. The 71 all-villa property, set within 76 acres of lush landscape near Madikeri, will open as The Leela Coorg Forest Sanctuary later this year.With the addition of … Read more
The National Company Law Tribunal (NCLT) on Tuesday approved Adani Enterprises Ltd’s Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd through the insolvency process. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the NCLT, Allahabad bench, has “orally pronounced an order on March 17, 2026 “approving the resolution plan submitted by Adani … Read more
Benchmark stock indices Sensex and Nifty extended gains for the second straight session on Tuesday, ending higher by nearly 1 per cent amid buying in metal and automobile shares and firm global cues.The 30-share BSE Sensex rose 567.99 points, or 0.75 per cent, to close at 76,070.84. During the session, the index had climbed as … Read more
A Parliamentary panel has recommended an urgent and comprehensive review of the Rs 1,000 minimum monthly pension under the Employees’ Pension Scheme, 1995, saying the amount is no longer sufficient to meet the basic needs of beneficiaries amid rising living costs, reported PTI.The recommendation assumes significance as pensioners have been demanding that the minimum pension … Read more
Retail diesel prices in the United States soared past $5 a gallon, reaching a milestone seen only once before, according to GasBuddy, the fuel markets tracker. Economists warn that the surge could slow global economic activity. Diesel is essential for freight and manufacturing, and rising fuel costs are likely to push up the price of … Read more
Gold opened sharply higher on Multi Commodity Exchange on Tuesday, as investors turned to safe-haven assets amid escalating tensions in the Middle East involving the US, Israel and Iran. The uncertainty has also kept oil prices above the $100-per-barrel mark. On the MCX, April 2026 gold futures rose Rs 1,260, or 1%, reaching Rs 1,56,996 … Read more