The Reserve Bank of India will conduct a 7-day variable rate reverse repo (VRRR) for ₹1 lakh crore on July 4 to absorb surplus liquidity, which surged to ₹3.75 lakh crore. Government spending and previous liquidity measures have contributed to this surplus.
Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef