Tue, Oct 29, 2024 9:22 AM
📢 Benchmark indices open on a flat note today; Nifty near 24,300
A Flip by Shubhangi Gupta
China's central bank injected $70 billion worth of cash into money markets this month via a newly established policy tool, in a step to ease liquidity stresses in the fragile economy and encourage banks to lend. The People's Bank of China conducted 500 billion yuan of outright reverse repurchase agreements in October in order to safeguard reasonably amble liquidity in the banking system.
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United Phosphorous and its chairman Jaidev Shroff have settled with market regulator Sebi for alleged fraudulent and unfair trade practices, paying ₹20.2 crore as settlement amount. Sebi had accused them of misrepresenting truth and concealing material facts, using overseas bank accounts to trade in its own shares, and making wrongful gains of ₹4.2 crore.
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The Rail Land Development Authority (RLDA) is auctioning 23 premium commercial units at the Gomti Nagar Commercial Complex in Lucknow, with bidding open from October 9 to November 12, 2024, and the e-auction scheduled for November 12. The complex offers earthquake-resistant structures, modern facilities, and excellent connectivity.
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