Vedanta demerger plan credit negative: CreditSights https://ift.tt/Ga9DdwF has maintained its 'buy' recommendation for Vedanta Resources but said it would prefer April 2026 bonds of the company.
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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