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Cabinet agrees not to make €500 million payment into the country s rainy day fund

There is currently no money in the rainy day fund which was set up in 2018.

Michael noonanproposingShutterstock fabrikasimfMichael mcgrathCentral fundStability programmeNational surplus exceptional contingencies reserve fundNational surplusExceptional contingenciesReserve fundProgramme updateSummer economic statementFinance ministerPublic expenditure ministerSupport theEmpty piggy bankNews cabinet

Microsoft invests INR 37 crore in IPO-bound OYO

Oravel Stays Pvt Ltd (OYO) approved on July 16 the issue of equity shares and convertible cumulative preference shares amounting to rupee equivalent of $5 million to Microsoft in a private placement.

New delhiRitesh agarwalJp morganOravel stays pvt ltdMicrosoft corpRegistrar of companiesStays pvt ltdHathaway inc backed paytmAlso readKotak mahindra capitalRitesh agarwalOyo fundingHyo moneyYo funds

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