Jio Financial Services to be out of NSE indices tomorrow https://ifttt.com/images/no_image_card.pngAccording to an analysis by Nuvama Alternative & Quantitative Research, this may trigger the sale of 105 million shares worth around $325 million (about ₹2,700 crore) by passive funds.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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