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RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate

RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate

The Reserve Bank of India (RBI) conducted three variable rate repo (VRR) auctions on Friday to ease the liquidity tightness in the banking system.

The liquidity deficit in the system widened to Rs 1.38 trillion on Thursday, latest data by the central bank showed.

Consequently, weighted average money market rates rose above the marginal standing facility (MSF) rate.

Newly listed automation stk at 10% upper circuit; up 110% over issue price

Newly listed automation stk at 10% upper circuit; up 110% over issue price

Shares of Jyoti CNC Automation were locked in the 10 per cent upper circuit on BSE at Rs 693.70 in Friday's trade on a healthy business outlook.

The stock of the industrial products company was trading at its highest level since its market debut on January 16, 2024. With today’s rally, the market price of Jyoti CNC Automation has more-than-doubled or zoomed 110 per cent from its issue price of Rs 331 per share.

Russia says 40 dead, 145 injured in attack; Isis claims responsibility

Russia says 40 dead, 145 injured in attack; Isis claims responsibility

Several assailants burst into a large concert hall in Moscow on Friday and sprayed the crowd with gunfire, killing at least 40 people, injuring more than 100 and setting fire to the venue in a brazen attack just days after President Vladimir Putin cemented his grip on power in a highly orchestrated electoral landslide.

The Islamic State group claimed responsibility for the attack in a statement posted on affiliated channels on social media, which couldn't be independently verified.

LS polls: BJP releases third list, former Telangana guv among candidates

LS polls: BJP releases third list, former Telangana guv among candidates

Bharatiya Janata Party (BJP) on Thursday released third list of candidates for the upcoming Lok Sabha elections, fielding former Telangana governor Tamilisai Soundararajan from Chennai South seat, and the party’s state unit chief and former IPS officer K Annamalai from Coimbatore.

Soundararajan had quit as the Telangana governor earlier this week. She had contested against DMK’s Kanimozhi in Thoothukudi in the 2019 LS polls, but lost. The latest list of BJP has nine contestants for seats in Tamil Nadu.

Flipkart gives 100% bonus to employees and merit-linked payouts

Flipkart gives 100% bonus to employees and merit-linked payouts

Amid a downturn in the technology sector, Flipkart is giving 100 per cent bonus to all employees and rolling out merit-linked payouts to eligible staff. The Walmart-owned e-commerce firm is getting up this initiative for most of the workforce of about 22,000.

“On behalf of the Management Team, I am pleased to announce that we have decided to keep the 2023 company multiplier at 100 per cent for all employees (including vice presidents and senior vice presidents).

Isro successfully executes landing mission of RLV 'Pushpak' in Karnataka

Isro successfully executes landing mission of RLV 'Pushpak' in Karnataka

The Indian Space Research Organisation (Isro) successfully executed a landing mission for its Reusable Launch Vehicle (RLV) named "Pushpak" from the Aeronautical Test Range (ATR) in Karnataka's Chalakere on Friday. The rocket was launched at approximately 7 a.m. from the Chalakere Runway, marking the RLV's third landing mission.

Isro had previously conducted successful missions in 2016 and April last year.

Microsoft to pay Inflection AI $650 mn after scooping up most of staff

Microsoft to pay Inflection AI $650 mn after scooping up most of staff

Microsoft Corp. has agreed to pay Inflection AI $650 million, largely to license its artificial intelligence software, alongside its move earlier this week to hire much of the startup’s staff, according to a person familiar with the transaction.

Microsoft stunned the AI world on Tuesday with an announcement that it had hired Inflection’s co-founders Mustafa Suleyman and Karén Simonyan, along with most of the startup’s 70 employees.

Excise policy case: Enforcement Directorate arrests Delhi CM Kejriwal

Excise policy case: Enforcement Directorate arrests Delhi CM Kejriwal

Enforcement Directorate (ED) team, on Thursday, has arrested Delhi Chief Minister Arvind Kejriwal under an excise policy-linked money laundering case.
According to media reports, a team of 12 ED officials reached Kejriwal's residence this evening to serve him summons, with a search warrant. Kejriwal had earlier skipped multiple summonses of the agency in the case.

While talking to media after Kejriwal's arrest, AAP's Atishi said, "Arvind Kejriwal is and will remain the Chief Minister of Delhi."

Neeraj Chopra joins Akshay, Amitabh; named Eveready's new brand ambassador

Neeraj Chopra joins Akshay, Amitabh; named Eveready's new brand ambassador

Reigning Olympic and Asian Games gold medalist in Javelin Throw, Neeraj Chopra joined Bollywood bigwigs like Akshay Kumar and Amitabh Bachchan as he was named the newest brand ambassador of Eveready on Thursday, March 21.

Eveready Industries India Ltd. (EIIL), in a press release, said, "This collaboration marks a significant milestone for Eveready as it seeks to strengthen its commitment towards excellence and innovation via the launch of the new Ultima Alkaline battery series. "

Our bank accounts frozen, BJP murdering democracy: Congress slams PM Modi

Our bank accounts frozen, BJP murdering democracy: Congress slams PM Modi

Alleging unfair practices by the ruling Bharatiya Janata Party (BJP), Congress, on Thursday, demanded level playing field in the upcoming Lok Sabha elections. Speaking at a press conference at the All India Congress Committee (AICC) headquarters, Congress Chief Mallikarjun Kharge complained that the ruling party has frozen its bank accounts, which is leading to a host of problems for the party in election campaigning.

Further, appealing to the constitutional bodies, Kharge demanded that Congress' bank accounts be restored.

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