Bond market participants expect an open market operation (OMO) auction in the first week of November as the banking system liquidity is expected to ease on the back of government spending and maturity of bonds. According to market participants, the Reserve Bank of India (RBI) will issue a notification on OMO sales by October 31. They speculate that the central bank might conduct the auctions in multiple tranches of Rs 10,000 crore.
Some major events that occurred from 1885, when the Indian National Congress was formed, till August 15, 1947, when India achieved Independence.
The strategic sale of government and state-owned Life Insurance Corporation (LIC) of India stakes in IDBI Bank might encounter procedural delays, potentially pushing the timeline for expected financial bids to the third quarter of the current financial year (2023-24, or FY24), according to sources familiar with the development. Financial bids constitute the second significant step in the divestment process, following expressions of interest (EoIs) from potential bidders. In this phase, bidders are required to quote transactional fee as a percentage of the divestment proceeds, which are then added to the government's kitty after completion of the transaction.
Brokers have requested for a three-month extension from the Securities and Exchange Board of India (Sebi) for the validation of Know Your Client (KYC) records. In a letter to Sebi, industry body -- Association of National Exchanges Members of India (Anmi) -- has cited various issues and concerns raised by its members that have hampered the smooth completion of the validation process within the stipulated timeline. The Sebi circular had given KYC Registration Agencies (KRAs) a timeline of 180 days, ending on April 30, 2023, to validate client KYCs.
The legendary Russian-origin MiG-21 jets are set to participate for the last time at the annual Air Force Day parade on October 8, with the IAF rolling out the process to phase out the remaining three squadrons of the aircraft.
Reserve Bank Governor Shaktikanta Das on Wednesday said that RBI is monitoring the situation regularly with regard to the withdrawal of Rs 2,000 currency notes and expressed confidence that the entire exercise will be completed in a non-disruptive manner. The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2000 denomination banknotes as part of its currency management and permitted the exchange of Rs 2000 currency notes up to Rs 20,000 in one go from Tuesday onwards. The exchange or deposit window is available until September 30, 2023.
It started out as a Production Linked Incentive (PLI) scheme to make India an export hub. But after many a twist and turns, the latest 2.0 PLI for IT hardware, for which the 40 eligible candidates have applied till its deadline, is now focused on 'import substitution'. The scheme will help in reducing India's over-dependence on imports (80 per cent of laptops are imported), especially from China which include laptops, tablets and servers.
The entire mission operations of Chandrayaan-3, right from the launch till landing, "happened flawlessly" as per the timeline, the team that led India's third mission to the Moon said on Wednesday.
Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast.
The delay in deciding the disqualification petitions against Chief Minister Eknath Shinde and Shiv Sena MLAs loyal to him Friday came under strict scrutiny by the Supreme Court which came down hard on the Maharashtra assembly speaker, saying the proceedings cannot be a 'charade' and he cannot defeat its orders.
'As Tata Steel we will obviously use group-level leverage to make progress where we want.'
It has been a week since 41 labourers got trapped inside an under-construction tunnel at Silkyara in Uttarakhand's Uttarkashi district after parts of the structure collapsed following a landslide last Sunday.
Lok Sabha Speaker Om Birla has referred Bharatiya Janata Party MP Nishikant Dubey's 'bribe-for-query' complaint against Trinamool Congress member Mahua Moitra to the Ethics Committee of the Lower House.
External Affairs Minister S Jaishankar has raised India's long-standing concerns about pro-Khalistan extremism in the United Kingdom during his meetings with the country's leaders, stressing that they should be on guard against the misuse of freedom of expression and speech.
A total of 86 metres have to be drilled vertically to prepare an escape passage. Pipes of 1.2 metres in diameter have to be laid vertically through the top of the tunnel on which work began on Sunday as a second option to reach the stranded labourers.
Once more women assume leadership roles and join the nation-building process, he said, adding they will become a guarantee of the country's bright future.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
We need to have patience as it is a dangerous operation,NDMA member Lt Gen (retd) Syed Ata Hasnain said.
'Not giving a human being the basic requirement of marriage and right to institution of family merely because of their orientation is indeed against the principle of the core values of a democracy.'
The auger machine was facing repeated obstructions in the rubble in the past few days.
On June 12, history was made when United States President Donald Trump shook hands with North Korean leader Kim Jong-un and had extensive talks at Capella Hotel in Singapore. However, this meet has come after several twists and turns. Following is the chronology of key events leading to a historic summit between the two leaders.
Here is the chronology of events in the Nirbhaya case.
rediffGURU Ashwini Dasgupta offers tips on how to navigate job interviews.
'I want us not to underestimate Indian voters. They can tell good work from bad.'
The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales - except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year. Also, it may drastically reduce its FY24 divestment target of Rs 51,000 crore. "We are still evaluating the Budget estimates for FY25. "New big-ticket asset sales are unlikely.
Here is the timeline of the moon mission as undertaken by the Indian Space Research Organisation.
Compulsory retirement is part of a half-yearly exercise now for cases where government wants to weed out officers, but without taking the disciplinary proceedings route.
TCS saw its headcount reduced by 6,333. Infosys' headcount decreased by almost 7,500, and HCLTech saw its employee numbers shrink by 2,299.
Explosions and clashes were reported in various areas in Khartoum in the backdrop of escalating tension between a paramilitary force and Susan's Army.
The actress, who starred alongside Prithviraj Sukumaran in Kaduva, pulls in 2 million fans with her smiles and saris.
Amy Alea is a style chameleon. And she's forever ready to channel her inner Aphrodite.
Saris and ethnic stuff are her forte.
The 41 workers trapped in Uttarakhand's Silkyara tunnel for the last 11 days are likely to be rescued in the next few hours or by tomorrow, National Disaster Management Authority (NDMA) member Lt Gen (retd) Syed Ata Hasnain said on Thursday evening.
Inching closer to their goal, rescuers have inserted wide pipes up to 45 metres through the rubble and will have to drill another around 12 metres to reach the 41 workers trapped inside the collapsed tunnel in Silkyara for 10 days, officials said Wednesday afternoon.
The court was hearing two pleas including one alleging delay by the Centre in clearing the names recommended by the collegium for appointment and transfer of judges.
Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11. This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023.
Officials from India and the United Kingdom (UK) are working overtime to address the contentious issues related to the proposed free trade agreement (FTA) between the two nations, in a final push to conclude the deal by the year-end. Commerce secretary Sunil Barthwal was headed to London on Thursday after completing his four-day visit to Brazil. Other key officials from India's negotiating team will be joining Barthwal in the UK capital, hoping to make headway in the FTA negotiations, which started in January last year, a person aware of the matter told Business Standard.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
Here is the timeline of the disaster and the rescue efforts that followed.
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