RBI’S TO INITIATE RECOVERY IN MONEY-MARKET RATES VIA CASH TIGHTENING

HIGHLIGHTS

• The Reserve Bank of India aims to drain Rs. 2 trillion (equal to $27.3 billion) of banking funds.
• The 14-day reverse repo operation to drain the cash starts on 15 JAN 2021.

With Reserve Bank of India (RBI) taking first sma...

SENSEX RALLIES 1,100 POINTS, NIFTY TOPS 9,900

Highlights

• At present, the S&P BSE Sensex is standing at 33,507.82 levels, while the benchmark Nifty50 index is trading at 9,885.80 levels

• Tata Steel and Axis Bank emerged as top Sensex gainers with rise of 6 percent

• According to the March qu...

IDFC is The Financial Services Sector's Dark Horse

The dark horse in the space of financial services could be the least spoken and recorded business IDFC. This offers an opportunity for a fair price to own one of the fastest-growing asset management firms (AMC) and a possible turnaround banking nominee. IDFC, which has been divested over the past...