June 11, 2025 4:22 PM

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RBI Discontinues Daily VRR Auctions Amid Rs 3 Lakh Crore Liquidity Surplus

The Reserve Bank of India has discontinued daily Variable Rate Repo (VRR) auctions starting today, in view of a liquidity surplus in the banking system, currently estimated at around 2.75 to 3 lakh crore rupees. The daily VRR auctions were launched on January 16 2025 to ease short-term liquidity tig...

June 11, 2025 3:11 PM

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World Bank Projects India’s FY26 Growth at 6.3%

The World Bank has pegged India's economic growth projection at 6.3 per cent for the Financial Year 2025-26, stating that the country is projected to maintain the fastest growth rate among the world’s largest economies. According to the World Bank’s latest Global Economic Prospects report, India’s g...

June 11, 2025 2:02 PM

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Sri Lanka to hike power tariffs by 15% from June 12 to meet IMF goals

Sri Lanka will raise electricity tariffs by 15 per cent starting on the 12th of June, the Public Utilities Commission of Sri Lanka (PUCSL) announced on Tuesday. The decision comes six months after a major tariff cut in December 2024, which reduced electricity bills by approximately 20 per cent amid ...

June 11, 2025 1:59 PM

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Austria: 11 killed in school shooting, three-day national mourning announced

A three-day national mourning was announced by Austrian President Alexander Van der Bellen today. At least 11 people were killed, including the shooter, in the school shooting that happened in Austria's second-largest city of Graz on Tuesday morning.   Police confirmed the suspected perpetrator...

June 11, 2025 1:40 PM

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Telangana HC grants bail to Gali Janardhan Reddy

Telangana State High Court, today, granted conditional bail to Karnataka former Minister and Mining baron Gali Janardhan Reddy and three others. It also suspended the 7-year imprisonment sentence by a CBI special court last month. Three other convicts include V. D. Raj Gopal, B.V. Sreenivasa Reddy a...