Shareholders making their voices heard, two AGMs show https://ift.tt/xRacBgu India proposed a resolution to approve material related-party transactions up to ₹1,153 crore from the 2023 AGM until the 2024 AGM with its parent 3M Company, US, which holds 75% equity in the Indian subsidiary. About 51.59% voted against the resolution, while 48.41% voted in favour.
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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