Houston named the No. 2 fastest growing tech hubs amid the pandemic
Houston named the No. 2 fastest growing tech hubs amid the pandemic Houston s tech sector is gaining steam.
Photo by Tim Leviston/Getty Images When Americans think of tech hubs, Silicon Valley or even Austin may initially come to mind. However, Houston appears to be making a play for tech-hub status. Citing data from career platform LinkedIn, the Axios news website reports that Houston has seen a healthy influx of tech workers since the start of the pandemic. In fact, Houston ranks second among 14 major U.S. labor markets for the number of relocating software and IT workers between March 2020 and February 2021 compared with the same period a year earlier.
April 08, 2021
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Government Security (G-Sec) prices rose for the second day on the trot on Thursday as the Reserve Bank of India (RBI) announced guaranteed liquidity support to market participants via a G-Sec acquisition programme (G-SAP).
Price of the benchmark 10-year G-Sec (carrying 5.85 per cent coupon rate) closed at ₹98.68, up 36 paise over the previous close, with its yield thawing about 5 basis points to 6.0313 per cent.
Yield declines 9 bps
In the last two days, the benchmark G-Sec gained about 64 paise in price terms, with its yield declining about 9 basis points. Bond prices and yields are inversely related, moving in opposite directions.
Vinay Pai, Head, Fixed Income, Equirus Capital, said: “By announcing upfront an amount of ₹1-lakh crore under G-SAP, the RBI has comforted traders.
RBI announces Rs 10,000 crore special open market operations on February 25
The RBI conducts special OMOs to support the liquidity situation in the market and manage the bond yield. February 15, 2021 / 01:59 PM IST
The Reserve Bank of India (RBI) February 15 said it will conduct simultaneous sale and purchase of government bonds under a special Open Market Operations (OMO) on February 25.
The RBI will buy and sell bonds worth Rs 10,000 crore each on that day.
“On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under OMO for an aggregate amount of Rs 10,000 crore each on February 25, 2021,” said the RBI.
Strengthens teams across verticals
Equirus Capital Pvt. Ltd., an investment bank 20% owned by the Federal Bank, has targeted to achieve double- digit market share across products and sectors, a top executive said.
“We are looking at a double-digit market share across products and sectors to build upon the deal closures we achieved during the pandemic,” said Ajay Garg, MD.
“This is being made possible by the considerable time and energy we have spent in strengthening our teams across advisory and capital markets verticals,” he added.
In FY21 the team closed transactions worth ₹5,000 crore he said. The firm is into investment banking, fixed income, capital markets, institutional equities, PMS and wealth management.
Explained | Why RBI is buying bonds worth Rs 20,000 crore and other questions answered
The RBI needs to keep the bond market happy and yields within a limit so that the government’s Rs 12.06 lakh crore borrowing plan has a smooth run. February 08, 2021 / 06:57 PM IST
The Reserve Bank of India will on February 10 purchase government securities under an open market operation (OMO) for Rs 20,000 crore, the central bank said on February 8 as it looked to calm the bond market.
The announcement saw the bond yields that have jumped in the last few days ease to 6.03 percent from 6.07 percent on February 8.
The banking regulator also said it was committed to ensuring ample liquidity in the system to foster congenial financial conditions. The bank needs to keep the yields in check, so that the government’s borrowing plan can have a smooth going.