Sunday, August 23
New Delhi: The government on Monday said it plans to borrow Rs 3.84 lakh crore from short-term treasury bills spread over 12 weeks during the fourth quarter of the current financial year to meet short-term funding requirements.The weekly auction would vary between Rs 29,000 crore and Rs 35,000 crore, the finance ministry said in a statement.This amount is Rs 10,000 crore lower than Rs 3.94 lakh crore raised during the same quarter in the previous financial year. The government had issued an auction calendar of treasury bills worth Rs 2.47 lakh crore for the third quarter of the current financial year ending December 31, 2025.The government, in consultation with the Reserve Bank of India, will have the flexibility to modify the indicated amount and timing for auction of Treasury Bills depen
The Gulf Cooperation Council’s long-planned unified tourist visa did not launch in 2025 and is now expected to be introduced in 2026, revising earlier timelines for one of the region’s most ambitious travel integration projects. As per a report by Gulf News, the clarification came from Saudi Arabia’s tourism minister in November, resetting expectations around the Schengen-style visa meant to ease travel across six Gulf countries. Unified visa for six Gulf destinationsThe unified visa, officially known as the GCC Grand Tours Visa, was earlier expected to enter a pilot phase in the final quarter of 2025. The proposal was approved by GCC interior ministers in November 2023 and has since been positioned as a key pillar of regional tourism cooperation. However, officials now say full impl
Shares of NBCC gained as much as 3% to their day’s high of Rs 126 on Monday, December 29, after the company announced a settlement with the Government of the National Capital Territory of Delhi (GNCTD), bringing closure to a long-pending land dispute and unlocking fresh value for the PSU.With today’s gain, the stock is up 9% in two consecutive trading sessions. In an exchange filing on Friday, NBCC said it has reached a settlement with GNCTD to resolve litigation related to a 42.46-acre land parcel in Sultanpur/Ghitorni village in Delhi. As per the agreed terms, the land will be equally divided between the two parties, giving NBCC a 21.23-acre share.Crucially, the Delhi government will execute a perpetual lease deed in favour of NBCC for its portion of the land. The approved settlement
Shares of railway-linked companies including Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam Ltd (RVNL), and Jupiter Wagons pulled back as muc has 3% on Monday as investors locked in profits after a blistering five-session rally, even as the sector remains in focus following a recent passenger fare hike and rising expectations from the Union Budget.Indian Railway Finance Corporation (IRFC) shares fell as much as 3.1% to Rs 129.30 on the BSE. Rail Vikas Nigam Ltd (RVNL) declined up to 3% to Rs 376.35, while Ircon International slid as much as 2.1% to Rs 175.10. Jupiter Wagons dropped up to 2.9% to Rs 337.40, and Indian Railway Catering and Tourism Corporation (IRCTC) eased 0.5% to Rs 701.60.Profit-taking after sharp rallyThe declines came after a sharp run-up over the previous f
