Mumbai, May 20 (IANS) The Reserve Bank of India on Wednesday announced that it will conduct a USD/INR buy-sell swap auction worth $5 billion on May 26 to inject liquidity into the banking system amid evolving market conditions.According to the central bank, the auction will be conducted for a tenor of three years and is scheduled to take place between 10:30 a.m. and 11:30 a.m. on May 26.The near-leg or spot settlement date has been fixed as May 29, 2026, while the far-leg maturity date will be M…
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New Delhi, May 5 (IANS) Crypto exchange Coinbase on Tuesday said it is laying off 14 per cent of its staff as artificial intelligence (AI) is changing the way people work, to be lean, fast, and AI-native.All impacted team members will receive an email to their personal account with more information, “and an invitation to meet with an HRBP and a senior leader in your organization”, said the company.“Coinbase system access has been removed today. I know this feels sudden and harsh, but it is…
New Delhi, April 7 (IANS) India’s market regulator Securities and Exchange Board of India (SEBI) on Tuesday announced a one-time relaxation for public issuances, acknowledging that ongoing geopolitical tensions — particularly in the Middle East — have slowed fundraising activity and reduced investor participation.Under existing regulations, companies are required to launch their public issues within 12 to 18 months from the date SEBI issues its observations on their offer documents.However, …
Mumbai, Jan 20 (IANS) India’s flexi cap mutual funds saw their assets under management (AUM) surge 148.28 per cent over the last four years as top funds provided over 20 per cent returns over the last five years, a report said on Tuesday.The report from ICRA Analytics said that AUM of flexi cap funds touched Rs 5.52 lakh crore in December 2025, up from Rs 2.22 lakh crore in December 2021.Net inflows into these funds have increased by nearly 316 per cent over the last four years at Rs 10,019 cr…