The Reserve Bank of India’s surplus transfer to the government for the last fiscal year is projected to reach ₹3 lakh crore, exceeding earlier estimates. This surge is attributed to robust dollar sales, increased foreign exchange gains, and higher interest income. The substantial dividend could help the Centre reduce its fiscal deficit and inject liquidity into the banking system.
US Stocks: Qualcomm unveils $20 billion stock buyback program; shares jump 3%
Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its
March 17, 2026