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The market had already factored in an enhanced role for mutual funds and insurance companies in managing surplus liquidity generated by the central bank purchases of bonds and foreign currency. But Mint Road did one better: It allowed in a new participant, the regional rural banks.
Asian shares rise as Joe Biden spending plan boosts US outlookOn the heels of a $1.9 trillion pandemic relief package, President Joe Biden on Wednesday outlined a broad plan to re-make the world's biggest economy.
from Stocks-Markets-Economic Times https://ift.tt/39tuqVN
… Read MoreGovt sticks to 4% inflation goal for RBIThe earlier monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India in 2015, had set up a monetary policy committee with a mandate to achieve 2%-6% headline retail infla… Read MoreAdani Enterprises incorporates 2 wholly-owned subsidiariesVizag Tech Park is yet to commence its business operations, it said.
from Stocks-Markets-Economic Times https://ift.tt/3fJiZO3
… Read MoreSBI, JBIC ink $1 b pact to refinance loans to Japan’s auto cos in IndiaThe loan is in the form of refinancing against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in India, whose business activities are recovering from reduced sales due to Covi… Read MoreSGX Nifty up 120 points; here's what changed for market while you were sleepingAsian stocks were set to edge higher early on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. Australian S&P/ASX 200 index rose 0… Read More
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