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FARMERS DUMP PRODUCE ON ROADS IN PUNJAB

FARMERS DUMP PRODUCE ON ROADS IN PUNJAB

Amid curfew, the prices of vegetables have crashed in wholesale markets across the state of Punjab. Staring at losses, the vegetable growers have appealed to the state government to buy their stock at a fixed price and b... Read More>>

Author adminPosted on May 8, 2020July 29, 2020Categories Economy
CHINA’S CENTRAL BANK BUYS STAKE IN HDFC

CHINA’S CENTRAL BANK BUYS STAKE IN HDFC

China’s central bank has bought 1.01 per cent stake in HDFC. According to the shareholding disclosures for the March quarter, People’s Bank of China held 1.75 crore shares of India’s biggest housing mortgage lender... Read More>>

Author adminPosted on April 1, 2020July 29, 2020Categories Economy
FRANKLIN TEMPLETON CLOSES $4.1 BILLION MUTUAL FUNDS IN INDIA

FRANKLIN TEMPLETON CLOSES $4.1 BILLION MUTUAL FUNDS IN INDIA

Franklin Templeton Mutual Fund, the ninth largest mutual fund in the country, announced that they have decided to wind up six yield-oriented managed credit funds with effect from April 23, 2020. INFORM YOUR OPINION htt... Read More>>

Author adminPosted on April 1, 2020July 29, 2020Categories EconomyLeave a comment on FRANKLIN TEMPLETON CLOSES $4.1 BILLION MUTUAL FUNDS IN INDIA
INDIA NOTIFIES FDI POLICY CHANGE MANDATING PRIOR NOD FOR BORDER-SHARING NATIONS

INDIA NOTIFIES FDI POLICY CHANGE MANDATING PRIOR NOD FOR BORDER-SHARING NATIONS

The Government of India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off opportunistic takeovers by Chinese firms during the coronavirus... Read More>>

Author adminPosted on April 1, 2020July 29, 2020Categories Economy
OIL PRICES TURN NEGATIVE IN UNITED STATES

OIL PRICES TURN NEGATIVE IN UNITED STATES

US oil markets created history on Monday when prices of West Texas Intermediate (WTI), the best quality of crude oil in the world, fell to “minus” $40.32 a barrel in New York. This is the lowest crude oil price ever ... Read More>>

Author adminPosted on April 10, 2020July 29, 2020Categories Economy
RELIANCE JIO CONNECTS WITH FACEBOOK FOR $5.7-BILLION EQUITY DEAL

RELIANCE JIO CONNECTS WITH FACEBOOK FOR $5.7-BILLION EQUITY DEAL

Social media giant Facebook has picked up a 9.99 per cent stake in Reliance Industries’ Jio Platforms at Rs 43,574 crore ($5.7 billion) making it the largest FDI for minority investment in India. In a post, Facebo... Read More>>

Author adminPosted on April 10, 2020July 29, 2020Categories Economy
RBI CUTS REVERSE REPO RATE, INJECTS LIQUIDITY TO PROP UP ECONOMY

RBI CUTS REVERSE REPO RATE, INJECTS LIQUIDITY TO PROP UP ECONOMY

The Reserve Bank of India on Friday slashed the reverse repo rate, or the rate at which banks park their funds with the central bank, by 25 basis points to 3.75 per cent in order to force financial institutions to lend m... Read More>>

Author adminPosted on April 10, 2020July 29, 2020Categories Economy
CHINA’S CENTRAL BANK BUYS STAKE IN HDFC

CHINA’S CENTRAL BANK BUYS STAKE IN HDFC

China’s central bank has bought 1.01 per cent stake in HDFC. According to the shareholding disclosures for the March quarter, People’s Bank of China held 1.75 crore shares of India’s biggest housing mortgage lender... Read More>>

Author adminPosted on April 22, 2020July 29, 2020Categories Economy
RBI TAKES OVER YES BANK BOARD

RBI TAKES OVER YES BANK BOARD

The Reserve Bank of India announced that it was superseding the Yes Bank Board of Directors for a period of 30 days “owing to serious deterioration in the financial position of the Bank. How did Yes Bank go from bein... Read More>>

Author adminPosted on March 24, 2020August 7, 2020Categories Economy
PRIME MINISTER’S GARIB KALYAN PACKAGE

PRIME MINISTER’S GARIB KALYAN PACKAGE

Finance Minister Nirmala Sitharaman announced the Prime Minister’s Garib Kalyan package — a range of measures that the Government of India will take to alleviate the economic, health, and food-related distress of I... Read More>>

Author adminPosted on March 24, 2020July 29, 2020Categories Economy

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