In a bold strategy to boost economic resilience, the central bank is channeling a hefty sum into the banking system. By leveraging open market operations alongside dollar-rupee buy-sell swaps, an impressive 1.45 lakh crore will flow in to optimize liquidity and facilitate effective monetary transmission.
Friday saw a remarkable uptick in Indian stock markets as the Reserve Bank of India decided to lower interest rates by 25 basis points. This strategic decision, along with signals of continued easing, infused confidence into investors. The Nifty and Sensex indices experienced a solid recovery, pushing past previous weekly dips.
U.S. airlines were notified this week that an investigation is underway into whether they complied with an emergency order requiring flight cuts at 40 major airports during the record government shutdown, the Federal Aviation Administration said Friday.
Netflix has agreed to acquire Warner Bros. Discovery's TV, film studios, and streaming division for $72 billion, a deal that could reshape the global entertainment industry. Initially a fact-finding mission, Netflix recognized the strategic value of Warner Bros.' assets, including its extensive library and complementary business units. The acquisition followed an auction initiated by Warner Bros.
