Experts Financial News

RBI) will have to infuse more liquidity into the banking system through additional measures as the expected impact of the 50-basis-point cash reserve ratio (CRR) cut announced Friday will likely wane within a few months, economists said. The central bank will likely use other liquidity instruments, like open market operations (purchases), foreign exchange swaps, and long-term variable rate repo auctions (VRR), they said. The RBI in its policy statement on Friday said that it will continue to be 'nimble and proactive' in its liquidity management operations to ensure that money market interest rates evolve in an orderly manner. Speaking to the media soon after announcing the policy, Governor Shaktikanta Das declined to give more details on the likely liquidity operations by the RBI.

IPL) is on a remarkable growth streak, with the top 10 franchises seeing their combined revenue more than double to ₹6,797 crore in FY24 from ₹3,082 crore in the previous year, according to financial data from Tofler. Experts attributed the surge to the league's soaring commercial appeal, powered by smart media partnerships and lucrative sponsorship deals. The primary catalyst for growth was the record ₹48,390 crore media rights deal signed in 2022 between the Board of Control for Cricket in India (BCCI) and Disney Star and Viacom18, who have since combined to form JioStar.

cash still continues to have loyal users. Reserve Bank of India (RBI) data on currency in circulation shows that it has been a roller coaster ride for cash demand this year. It rose sharply during elections and festivals and fell at the same pace subsequently. An ET analysis shows that cash demand went up by Rs 87,000 crore from the date the Lok Sabha elections were announced in mid-March until the last phase of the election in the first week of June. Then, they fell by Rs 84,000 crore until end September.

This comes amid significant developments in Syria, including the seizure of Damascus by rebel forces and overthrowing the dictator whose whereabouts are not known. There have been reports that Assad's army retreated from the Syrian countryside leaving him alone. Syrians in cities around the world were seen celebrating Bashar al-Assad's ouster. Around six million Syrians became refugees during the brutal 13-year war under Assad’s rule.

Surya Kiran Aerobatic Team of the Indian Air Force enthralled the people with their manoeuvres over the Hussain Sagar Lake here on Sunday. The team performed an air show as part of the celebrations of "Praja Palana — Praja Vijayotsavalu", the Telangana CMO said in a post on social media 'X'. The amazing performance of the team comprising nine aircraft entertained the people of the city, it said. Telangana Chief Minister A Revanth Reddy, along with some of his cabinet colleagues, dignitaries, and general public, watched the stunning manoeuvres of Surya Kiran Aerobatic Team.

Ashwini Vaishnaw on Sunday said the Railways would run about 13,000 trains, including 3,000 special ones, for the convenience of devotees during the Maha Kumbh. The Union minister, who reached Prayagraj by train from Varanasi to review the Railways' preparations for the mega event, expects about 1.5 to 2 crore passengers to reach the city by train during the mela. The Maha Kumbh will commence on January 13 on the occasion of Paush Purnima and conclude on February 26 on Mahashivratri.

Bridge and Roof Company (India) Limited, a central PSU, in connection with a bribery case after Rs 10 lakh was seized from a luxury car in which he was travelling in Bhubaneswar, officials said Sunday. Besides Chanchal Mukherjee, Group General Manager (GGM) of Bridge and Roof Company, two private persons — Santosh Moharana, Director of Penta A Studio Private Limited and middleman Debadutta Mohapatra — were also arrested for allegedly bribing Mukherjee, they said. The central probe agency had conducted a trap operation after registering a case against four persons including the three arrested accused. According to the CBI, the accused were allegedly indulging in corrupt and illegal activities in the matter of awarding work orders of the PSU and clearing bills in lieu of undue advantage in the form of bribe.

While the larger crossword demands more time and focus, the Mini Crossword offers a swift and enjoyable challenge, perfect for puzzle enthusiasts looking to squeeze in some mental exercise during a busy day. The Sunday edition of the Mini Crossword, much like its full-size version, is typically lighter in difficulty compared to the notoriously tough Saturday puzzle, as mentioned in the report by Forbes.

Maharashtra Congress chief Nana Patole on Sunday urged the Supreme Court and the Election Commission to take note of the «growing public demand» for ballot paper voting in view of «doubts» about the mandate in assembly elections. The opposition Maha Vikas Aghadi has upped the ante against Electronic Voting Machines (EVMS) after the BJP-led Mahayuti won 230 out of 288 seats in the Maharashtra assembly elections. Patole claimed the Mahayuti victory didn't reflect the mandate of the people. «There is a widespread confusion among people about the new state government. A strong sentiment suggests that the government doesn't reflect the people's mandate,» Patole told reporters.

BJP leader Pravin Darekar on Sunday stated that Sharad Pawar support for West Bengal Chief Minister Mamata Banerjee's willingess to lead the INDIA bloc, meant that the Nationalist Congress Party (SP) chief wanted to convey Rahul Gandhi's leadership is «incapable» and that now Congress is «unable» to lead the opposition alliance. «I think this means that Pawar Sahab wants to say that Rahul Gandhi's leadership is not capable and Congress can't lead now. So, Pawar Sahab's direction is towards one side and words on the other side. Only time will tell what is in his mind,» Darekar told ANI. Sharad Pawar on Saturday acknowledged the leadership potential of West Bengal Chief Minister Mamata Banerjee, emphasising her prominence as a national leader and the competence of her party's representatives in Parliament.

rebels who led the movement to topple the Assad's rule have said that Abu Mohammed al-Jolani is the leader of the Islamist alliance that spearheaded an offensive and allowed the overthrow to be possible. Jolani heads Hayat Tahrir al-Sham (HTS), which is rooted in Syria's branch of Al-Qaeda. He is an extremist who adopted a more moderate posture in order to achieve his goals. On Sunday, as the rebels entered Damascus, he ordered all military forces in the capital not to approach public institutions.

The Department of Industries, Government of Bihar, will host the "Bihar Business Connect 2024 Ambassadors' Meet" on December 9, 2024, in New Delhi, according to an official statement. The event will be inaugurated by Samrat Chaudhary, Deputy Chief Minister and Finance Minister of Bihar.

China's Ant Group, Cyril Han, will take over from Eric Jing as chief executive from March 1, showed an internal memo seen by Reuters which was confirmed by a spokesperson. Han will continue to report to Jing who will remain as chairman, the memo showed. Han became president in March during the fintech's biggest organisational change since it was fined $984 million in July 2023 for violations in areas such as corporate governance.

Comptroller and Auditor General (CAG) unearthed a loss of excise revenue amounting to Rs 75.07 crore due to manipulation of manually maintained sales registers by retail shops of alcoholic beverages in Odisha during the COVID-19 pandemic. In its report, which was placed in the assembly on Saturday, the CAG said that the Odisha Excise Department in May 2020 imposed the Special COVID Fee (SCF), at the rate of 50 per cent of the maximum retail price, on all foreign made foreign liquor, Indian Made Foreign Liquor (IMFL), beer, wine and ready to drink beverages, sold in the state. SCF was imposed in view of the expected loss of excise revenue, on account of the two months' shutdown, as a response to the COVID-19 pandemic.

Known for talking about the weather 12 months a year, Britons will begin sharing thoughts on the latest festive commercials as soon as they hit screens, usually once the Halloween pumpkins are discarded. «It's the time of year when media budgets swell, and creative teams pull out all the stops to deliver memorable messaging that resonates,» noted James McDonald, director of data, intelligence & forecasting at marketing strategists WARC.

Maharashtra Chief Minister Devendra Fadnavis has lauded the state as the business magnet and powerhouse of the Indian economy. «We are back and we are back with a bang,» he said at the CNBC-TV18 India Business Leader Awards (IBLA) in Mumbai on Saturday. The newly elected chief minister thanked the people of Maharashtra for the mandate they gave to the Mahayuti coalition, which he said is not only unprecedented but also entrusts them with the responsibility to contribute most to the Indian economy.

The incident took place late Friday night when Sudheer, his brother Prem, and their friend Sagar got into a dispute with a family living on the first floor of the building in Govindpuri over a common toilet that was not flushed. The altercation escalated when Sudheer objected to the toilet not being flushed, leading to the violent attack.

Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. «We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well,» Deloitte India Partner Rajat Mahajan said.

tear gas to disperse farmers who began their 'Dilli Chalo' march to press the Centre for various demands, including a legal guarantee for Minimum Support Price (MSP). However, after walking for a few metres, they were stopped at the barricading by Haryana Police. «We will first identify them (farmers) and then we can allow them to go ahead. We have a list of the names of 101 farmers, and they are not those people — they are not letting us identify them — they are moving ahead as a mob,» a Haryana police official deployed at the site told news agency ANI.

Gurgaon's DLF Camellias has been sold for Rs 190 crore, marking it as the most expensive high-rise apartment transaction in the National Capital Region (NCR) and one of India's highest-ever price-per-square-foot deals. This 16,290-square-foot property was purchased by Info-x Software Tech Pvt Ltd through its director, Rishi Parti, according to real estate documents accessed by IndexTap.

Jasprit Bumrah is only human and cannot always shoulder the responsibility of bowling opposition out all by himself, skipper Rohit Sharma said on Sunday, urging others to share the load with the premier fast bowler. India lost to Australia by 10 wickets in the second Test and during the Australian innings, only Bumrah stood out with a four-wicket haul. «Jasprit Bumrah cannot alone take responsibility. You don't expect him to bowl from both ends. The other guys also needs to step in and share the responsibility. There will be days when Bumrah won't get wickets,» Rohit said at the post-match press conference.