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In January 2024, the Biden administration announced a temporary pause on pending decisions regarding the export of Liquefied Natural Gas (LNG) to non-Free Trade Agreement (non-FTA) countries. The move aimed to reassess the environmental and economic impacts of LNG exports, drawing mixed reactions from stakeholders. While environmental activists supported the decision, critics viewed it as…
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Banks pay near 2-year high rates on CDs amid tight liquidity
Mumbai: Banks have raised funds through certificates of deposit (CDs) at near two-year highs, reflecting intensified competition for resources and sustained pressure on liquidity, with policy rates remaining steady. Data from the Clearing Corporation of India showed CSB Bank offered the highest rate at 8.32% for 91 days, followed by Ujjivan Small Finance Bank and…
After 3-month withdrawal streak, FPIs pump Rs 6,480 cr into Indian equities in Oct
After withdrawing money on a net basis for the past three months, foreign portfolio investors (FPIs) have turned buyers with a Rs 6,480 crore investment in October so far, driven by strong macroeconomic factors. The development comes after persistent outflows in recent times, with FPIs pulling out Rs 23,885 crore in September, Rs 34,990 crore…
