Today, the Reserve Bank of India announced its decision to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. This decision comes after a careful assessment of current and evolving liquidity conditions in the financial market. Before moving on to the incremental cash reserve ratio, we need to understand the cash reserve ratio …
New Delhi is gearing up to welcome some of the world’s most influential leaders for the G20 Summit 2023 this weekend. The delegates will be accommodated at the impressive Bharat Mandapam complex within Pragati Maidan. This top-notch convention centre will serve as the hub for diplomatic engagements, bilateral discussions, and various summit-related activities. What is …
The G20, also known as the Group of Twenty, is a group of 19 countries and the European Union that work together on global economic problems. It was created in 1999 because of big economic issues around the world. The G20 includes countries with very big economies, and together they make up about 80% of …
The G20 Summit, as we know, is going to be held in India this month. Not only are market participants showing interest in this summit, but even common people are expressing excitement about it. India, being the leader of the G20 group of countries, helps maintain and strengthen relationships with other countries around the globe …
In its meeting held today, the Monetary Policy Committee (MPC) made several key decisions based on its assessment of the current and evolving macroeconomic situation. The committee opted to maintain the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. Additionally, the standing deposit facility (SDF) rate remains unchanged at 6.2%, while …
Gaming platform Mobile Premier League will lay off 350 employees as it takes steps to “survive” the 28% GST imposed on online gaming companies, according to an internal company mail on Tuesday. Last week, Finance Minister Nirmala Sitharaman said the decision will be reviewed after 6 months of its implementation or April 2024 by the …
Morgan Stanley, a leading brokerage firm, has raised its rating for India to “overweight.” They are optimistic about the country’s potential for a long-term economic boom. This upgrade comes as India’s relative valuations appear to be less extreme compared to the situation in October. Additionally, the firm sees promising prospects for increased capital expenditure and …
According to Kantar Worldpanel’s inaugural study on the cosmetics category in India, over the past six months, the top 10 Indian cities witnessed the sale of more than 100 million cosmetic items, such as lipstick, nail polish, and eyeliner. Consumers collectively spent over Rs 5,000 crore on these beauty products, with 40% of them opting …
Today, Birlasoft Limited in collaboration with Microsoft the company has set up a Generative AI Centre of Excellence in Noida, Pune, and Edison, NJ (USA). This strategic initiative is focused on accelerating value creation and fostering innovation in the adoption of Generative AI to deliver cutting-edge enterprise solutions across various industries. The centre will leverage …
On Tuesday, the NSE announced that the market regulator SEBI, in collaboration with NSE and BSE, has updated the surveillance actions within the Enhanced Surveillance Measures (ESM) framework. Previously, stocks categorized under ESM Stage II were allowed to trade once a week. However, the new revision allows these stocks to be traded on all trading …
