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…
India’s mutual fund industry assets under management (AUM) rose to Rs 82.03 lakh crore in February 2026, registering a 27.1 per cent increase from Rs 64.53 lakh crore a year earlier, according to data released by Franklin Templeton report.The growth was driven largely by sustained inflows into equity-oriented schemes and continued expansion in systematic investment…
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,…
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…
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…
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…
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…
State-owned oil marketing companies have started asking petrol pump dealers to make advance payments for supplies of petrol and diesel, as refiners grapple with mounting revenue losses from retail fuel sales, according to a Reuters report.Nearly 90% of India’s about 1,01,470 fuel stations are linked to public sector refiners and retailers – Indian Oil Corporation,…
The ongoing Middle East war has drained Dubai of much of its travel appeal. Emirates, the world’s largest international airline, is operating some flights to Dubai almost empty, as travellers avoid the Persian Gulf. Flights from the US and continental Europe have been hit hardest, with occupancy on several routes dropping sharply, as thecarrier faces…
The Middle East crisis continues to boil and the ripples have triggered an operational stress for India’s food services sector. As LPG supply flows are disrupted amid the Strait of Hormuz transit issues, industry voices have warned of layoffs, salary cuts and widespread business impact if the situation drags on.Despite assurances from the government on…
