ITC Chairman Sanjiv Puri noted rural consumption is rebounding, while urban markets will recover gradually. He highlighted factors like a better monsoon and tax relief aiding consumption, and emphasised the continued dominance of Kirana stores amidst the rise of Quick Commerce.
The draft proposal applies to all Scheduled Commercial Banks (excluding Payments Banks), Local Area Banks, Co-operative Banks, Non-Banking Financial Companies (NBFCs), Housing Finance Companies (HFCs), and All India Financial Institutions (AIFIs).
The minutes of RBI’s last monetary policy meeting have been released. This was the first meeting under new governor Sanjay Malhotra, where the six-member MPC with several new members voted to cut the repo rate by 25 basis points unanimously and chose to retain the stance at neutral.
The NSE will be removing two prominent stocks, Bharat Petroleum Corporation Ltd (BPCL) and FMCG major Britannia Industries from the Nifty 50 index, while Jio Financial Services and Zomato will enter the broader NSE index.
The capital infusion will be conducted in one or more tranches, as per the fund requirements, and is set to be completed by March 31, 2026.
The reserves fell by $2.54 billion in the reported week, the most in a month. The reserves had risen by a total of $14.3 billion in the prior three weeks.
RBI’s Monetary Policy Committee signalled a shift towards supporting growth, citing easing inflation and global uncertainties. The February rate cut was termed as a ‘most rational and appropriate next step.’
Ami Organics stated that the stock split is intended to “enhance liquidity of the equity shares in the stock market and encourage wider participation of small investors by making shares more affordable.
The Reserve Bank of India (RBI) will conduct a record $10 billion dollar/rupee buy/sell swap auction on February 28, 2025, aimed at addressing liquidity deficits in the banking system.
Global index provider FTSE on Friday, February 21, revealed the list of companies to be included in the March 2025 Semi-Annual Review of its Global Equity Index Series, with adjustments set to take place on March 21, 2025.
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