Weekend Wrap: From IDBI Bank to kalyan jewellers, top market movers and news of week

Top News

• RBI’s MPC hiked the repo rate by 40 basis points to 4.4% and cash reserve ratio (CRR) by 50 basis points to 4.5%.
• GST collections recorded an all time high of ₹1.68 lakhs in April 2022, a 20% jump from the same month last year.
• Franklin Templeton MF has announced existing SIP and STP transactions for its three international schemes - Franklin India Asian Equity Fund, Franklin U.S. Opportunities Fund and Franklin Templeton European Opportunities Fund would be discontinued w.e.f April 30, 2022 until further notice.
• Axis MF has announced that Deepak Agarwal and Viresh Joshi cease to be Fund managers of its schemes. Ashish Naik has been appointed instead, w.e.f 4th May.

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