AUCTIONS
RBI liquidity boost may lower lending rates sooner than expected
Short-term borrowing costs for Indian lenders are expected to decrease next month due to the central bank's liquidity infusion measures. These initiatives aim to lower rates for instruments like certificates of deposit (CD) and commercial paper (CP), potentially leading to reduced lending rates sooner than thought.
IPL 2025: Is Shardul Thakur set for IPL return as LSG grapples with injury woes?
Shardul Thakur may join Lucknow Super Giants as an injury replacement, despite going unsold in the IPL 2025 auction, according to reports. Thakur has been seen training with the team and participating in their activities, enhancing speculation about his imminent inclusion due to injuries in LSG's pace attack.
IPL 2025: Delhi Capitals name Faf du Plessis vice-captain
Faf du Plessis has been appointed as the vice-captain of Delhi Capitals for the upcoming IPL season starting on March 22. He will assist Axar Patel, who was named the captain. Du Plessis was acquired by Delhi Capitals for Rs 2 crore after not being retained by Royal Challengers Bengaluru.
IPL 2025: From MS Dhoni to Rohit Sharma, here are the top 5 oldest players this season
IPL 2025 will feature seasoned players like MS Dhoni, Faf du Plessis, Ravichandran Ashwin, Rohit Sharma, and Moeen Ali. Dhoni is the oldest at 43, playing for CSK. Rohit Sharma and Moeen Ali are also over 37, making significant contributions over the years. Exciting cricket is expected from them in the tournament.
Thinking of taking a gold loan as prices soar? Don’t ignore impact of gold price fall in future; check these pitfalls while taking loan against gold
Gold is now actively used for instant loans by households and small businesses in India, which helps them leverage the value of the yellow metal without actually selling it. The gold loan market is projected to double by 2029 due to rising gold prices, financial distress, and business needs. However, do not ignore the risks associated with taking a gold loan since your gold could be auctioned if you default on repayments.
IPL 2025: From Axar Patel to KL Rahul & Mitchell Starc, four Delhi Capitals players to watch out for
Delhi Capitals (DC) IPL 2025: The Delhi Capitals are looking to make a strong title run in IPL 2025 with a squad featuring key players such as captain Axar Patel, KL Rahul, Mitchell Starc, and Faf du Plessis. The team's mix of youth and experience aims to turn the tide in their favor this season.
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IPL 2025: From Varun Chakaravarthy to Venkatesh Iyer, here are top 5 KKR players to watch out
Kolkata Knight Riders are prepared for the 2025 IPL season under new leadership, focusing on strong retained players like Varun Chakravarthy and Venkatesh Iyer. With experienced all-rounders including Andre Russell and Sunil Narine, KKR aims to defend their title starting against Royal Challengers Bengaluru on March 22.
Starlink's India tie-ups support view of satcom complementing telcos' offerings: Citi report
Starlink's collaborations with Jio and Bharti Airtel highlight that satellite communication services are seen as complementary to existing telecom offerings in India. These partnerships aim to enhance connectivity in remote areas and expand business services, easing concerns over satellite services being a competitive threat to traditional telecom firms.
Karnataka Cabinet approves amendment to KTPP Act for 4% quota for Muslim contractors in tenders
The Karnataka Cabinet has approved an amendment to the KTPP Act to provide 4 per cent reservation in tenders to Muslim contractors. It also sanctioned the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Bill to issue 'B' khatas for unauthorized rural properties. Additionally, it discussed land allocation for IFAB and funding for Bangalore Bioinnovation Centre.
RBI's 8-day VRR auction sees tepid demand, likely due to tenor
The Reserve Bank of India conducted an eight-day variable rate repo auction. It offered to infuse Rs 1 lakh crore but received bids for only Rs 9,860 crore. Treasury executives attributed this to the tenure of the operation. The RBI aimed to inject liquidity due to expected tax outflows and other factors.
Government opens mineral and rare earth elements exploration to private sector
India's government announced that private companies can now explore minerals and rare earth elements, with thirteen acreages up for auction. This reform aims to encourage systematic exploration and private sector participation, fostering a competitive and transparent sector. The new policy includes incentives like reimbursing 50% of exploration costs if no minerals are found.
India's first exploration licence auction for deep-seated minerals launched
India's first auction of exploration licences took place in Goa, introducing 13 blocks for critical minerals like REEs, Zinc, and Copper. This reform is anticipated to boost systematic exploration and private sector involvement, reducing import dependency and aiding in India's goal towards mineral self-reliance.
IPL 2025: Axar Patel named captain of Delhi Capitals
Delhi Capitals have named Axar Patel as their captain for IPL 2025. Patel, who has been with DC since 2019, was the franchise's top retention for Rs 16.5 crore. He has limited leadership experience but was India's vice-captain in January. Patel led Gujarat in domestic tournaments and captained DC in one IPL match last year.
Harry Brook banned from IPL for two years after withdrawal
England batter Harry Brook has been banned from the IPL for two seasons after withdrawing from the 2025 edition. The ban, which covers the 2025 and 2026 seasons, follows IPL rules stating any player who withdraws after being auctioned is banned for two years unless injured. Brook opted out to focus on England’s cricket commitments, apologizing to Delhi Capitals and their fans.
Govt launches India's 1st exploration licence auction for critical minerals
Union Coal and Mines Minister G Kishan Reddy unveiled India's first-ever auction of Exploration Licences for 13 critical mineral blocks, including rare earth elements, zinc, diamond, and copper. The initiative, launched in Goa, aims to boost India's mineral exploration and encourages private sector involvement. The event also featured a roadshow for critical mineral blocks and AI Hackathon 2025.
TRAI plans to limit satellite permits to five years, defying Musk's Starlink
India's TRAI plans a five-year allocation of satellite broadband spectrum, differing from Elon Musk's 20-year request. Recommendations on pricing and allocation will be finalized within a month. Mukesh Ambani's Reliance and Bharti Airtel have partnered with Musk's Starlink for distribution in India. The shorter timeframe will help TRAI understand market dynamics and adjust pricing if needed.
Railways Minister Ashwini Vaishnaw 'welcomes' Musk's Starlink to India, says it will be useful for...
Union IT Minister Ashwini Vaishnaw welcomed Elon Musk's Starlink, emphasizing its potential for remote railway projects. Mukesh Ambani’s Jio Platforms struck a deal with SpaceX to bring Starlink broadband to India, competing with Airtel’s similar partnership.
Partnerships orchestrated by PM to buy goodwill with Trump: Congress on Airtel, Jio deals with Starlink
Both Airtel and Jio have announced partnerships with Starlink to bring its high-speed internet services to India, a move allegedly orchestrated by PM Modi to gain favor with US President Trump through Elon Musk. The Congress has raised concerns, particularly regarding national security and control over connectivity.
Motilal Oswal sets Rs 485 target price for Coal India, sees 26% upside on strong prospects
Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on BSE.
RBI gets twice the bids for Rs 50,000-crore OMO
The discount in the auction on Wednesday was 30 paise, while the previous OMO auctions have seen discounts of 40-50 paise. The next OMO purchase is scheduled for March 18, where the liquidity deficit is expected to widen after quarterly advance tax-related outflows.
India to launch auction for mineral exploration licenses for 13 blocks
India will start an auction on Thursday for licences to explore critical minerals, the government said. The Ministry of Mines will auction 13 exploration blocks, including diamond and copper. In 2023, India listed over 20 minerals, including lithium, as "critical" for its energy transition and growing industrial demand. The aim is to reduce reliance on imports.
Starlink’s India strategy to enhance, not disrupt telecom Sector: Gurmeet Chadha
Starlink has partnered with Airtel to provide satellite internet services in India, focusing on rural and remote areas. This move will complement existing terrestrial services rather than compete directly. Jio is also expected to bring Starlink's high-speed internet to its customers. The partnership is seen as a win-win situation for both Airtel and Starlink.
Airtel, SpaceX join hands: How will Indians be able to log on to Musk’s Starlink internet services?
Bharti Airtel has partnered with SpaceX for the launch of Starlink satellite internet in India, pending SpaceX's authorization. The collaboration aims to provide Starlink equipment through Airtel’s stores, offer services to businesses, and connect rural areas. The deal follows a clash between telecom companies and Starlink over satellite spectrum pricing. TRAI is still deliberating on spectrum allocation.
Vodafone Idea fails to submit Rs 6,090 crore bank guarantee or Rs 5,493 crore cash to DoT
Vodafone Idea missed the March 10, 2025 deadline to provide a bank guarantee or cash payment to the Department of Telecommunications for a 2015 spectrum auction shortfall. The company might face repercussions, as the government has not granted an extension. This payment is part of the pro-rata based spectrum usage terms announced last December.
Delhi Capitals suffer big blow as Harry Brook pulls out of IPL 2025, might miss next two seasons as well
England cricketer Harry Brook announced he will not participate in this year's IPL, citing the need to focus on England's upcoming series and recharge after a busy period. Brook, picked by Delhi Capitals for Rs 4 crore, apologized to the franchise and fans, emphasizing his commitment to international duties. Per IPL rules, he'll face a two-year ban from the league.
RBI's VRR auctions see muted response on easing liquidity
The Reserve Bank of India's recent auctions to inject funds into the banking system saw lukewarm interest due to improving liquidity conditions. Despite a persisting liquidity deficit, it has narrowed significantly in March. Market participants remain optimistic about further RBI measures to manage advance tax and GST outflows.
RBI's 14-day VRR auction for Rs 50,000 cr on March 7
This is likely to offset outflows that would happen after corporates pay their quarterly advance taxes by March 15, economists said. The VRR auction comes one day after the RBI announced additional liquidity measures comprising ₹1 lakh crore of open market operations (OMOs) and $10 billion of dollar-rupee buy-sell swaps.
Christie's first AI art auction sees hits... and plenty of misses
Christie's first auction of art made by artificial intelligence (AI) ended Wednesday with mixed results, providing scant clues as to the future of the new and controversial medium. For them, auctioning AI-created art lets money be made from "massive theft of works by human artists."
RBI announces Rs 1 lakh crore bond purchases, $10 billion swap to address liquidity deficit
The Reserve Bank of India announced measures to inject ₹1 lakh crore into the banking system and conduct a dollar/rupee swap auction of $10 billion. These steps aim to address the liquidity deficit and ensure the smooth transmission of lower policy rates amid expected tax outflows.
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