Wikipedia now has over 6 million articles in English
The feat, which comes roughly 19 years after the website was founded, is a testament of "what humans can do together," said Ryan Merkley, chief of staff at Wikimedia, the nonprofit organisation that operates the omnipresent online encyclopedia, TechCrunch reported on Friday. The six millionth article is about Maria Elise Turner Lauder, a 19th-century Canadian school teacher.
Terms set for DHFL liquidation after big loss
India’s bankruptcy courts attempt to resolve its first shadow bank insolvency.
Bank of England eases liquidity system as Brexit transition deal looms
“Therefore, the PRA no longer considers the bespoke risk appetite to be required.”
India Inc seeks liquidity boost for NBFCs, HFCs
The CII has also sought a separate classification for systematically important NBFCs with such companies being given easier funding through External Commercial Borrowings (ECBs) and access to temporary funding from the RBI similar to the repo facility used by banks.
CII suggests easing of certain norms to enhance liquidity for NBFCs, HFCs
Industry body CII on Tuesday recommended easing of certain norms for enhancing liquidity for non-banking financial companies (NBFCs) and housing finance companies (HFCs).
IBBI amends voluntary liquidation process regulations
With the amendments, a liquidator has to deposit unclaimed dividends and undistributed proceeds in a liquidation process along with any income earned thereon into the Corporate Voluntary Liquidation Account before submission of an application for dissolution of the corporate person, a release said on Thursday.
Amid budget crunch, Navy to scrap Rs 20,000 crore tender
Defence ministry sources say the Navy is the first among the armed forces to finalise a rationalisation plan for its capital acquisition projects, which ranges from withdrawing some tenders or Request for Proposals (RFPs) to reducing numbers in other mega programmes.
RBI should act as lender of last resort, provide liquidity to NBFCs: SBI
In its report on Budget expectations, the economists said RBI should "seriously think" of providing liquidity to NBFCs against the assets held by the lenders. "Given the crisis of confidence in the financial markets, it is imperative that central banks don't forget their primary function of being the lender of the last resort," they said.
Global talent crunch hits record high, 54% companies globally face talent shortage
According to the research, 54 per cent of companies reported skill shortages with businesses in 36 out of 44 countries finding it more difficult to attract skilled talent than in 2018. Employers in the US (69 per cent), Mexico (52 per cent), Italy (47 per cent) and Spain (41 per cent) reported the most acute shortages.
Global investors ready with $3 billion kitty to enter India’s credit market
Many global investors are looking for the first time to deploy $3 billion into India’s credit market, especially the structured credit segment.
Fed focuses on repo market exit strategy after avoiding year-end crunch
The Fed will continue pumping tens of billions a day into the repo market through at least the end of January.
Best ELSS mutual funds to achieve long-term goals
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PhonePe allows to invest in liquid mutual funds
The all-digital product will help users grow their savings by earning higher short-term FD-like returns with the ease and liquidity of a Savings Account, the company said in a press note.
Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: Experts
Now, those who were ineligible are barred from being part of any arrangement at the stage of liquidation.
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