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Representational image of the Reserve Bank of India (RBI) logo | Photo Credit: Reuters Reserve Bank Governor Shaktikanta Das on Friday said it has been decided to include PM Vishwakarma under the Payments Infrastructure Development Fund (PIDF) Scheme as well as extend the tenure of the scheme by another two years. It is now proposed…
The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. | Photo Credit: The Hindu The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. Announcing the bi-monthly monetary…
Read More “RBI’s MPC keeps policy rate unchanged; real GDP growth for FY24 projected at 6.5%” »
A forex dealer in Bombay looks at a graph on the movement of the rupee trade. File photo | Photo Credit: Reuters The rupee appreciated by 4 paise to 83.21 against the US dollar in early trade on Friday, October 6, 2023, on positive cues from the equity market ahead of the RBI’s interest rate…
The RBI’s decision will be influenced by several factors New Delhi: The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants. The statement by RBI Governor Shaktikanta Das on Friday morning will be followed by a press conference. The three-day bi-monthly monetary…
Read More “RBI To Release Monetary Policy Statement Today, Pause In Repo Rate Likely” »
New Delhi: The 5G network rollout in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said on Thursday. Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company’s 6G research lab…
Read More “India Among Top 3 Nations With Highest 5G Base, Remarkable: Nokia CEO” »
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: S. Siva Saravanan Taking on critics who argue that India will become the world’s third largest economy in a few years with or without government intervention, Finance Minister Nirmala Sitharaman said that political stability and policy consistency was essential for the prospect to turn into a…
Tata Motors’ electric vehicle Nexon.ev is seen during its launch in New Delhi, India, September 14, 2023. | Photo Credit: REUTERS Tata Motors, a leader in the four wheeler passenger Electric Vehicles (EV) segment in India, said it is implementing a multi-pronged strategy to upskill its workforce to be future-ready to transition to the EV…
Read More “Tata Motors to reskill 50% staff to transition to EV manufacturing by 2027” »
J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a “washout” year. “We remain negative on the sector as we haven’t seen a meaningful uptick in demand in our recent checks. We think the overall setup is not…
Read More “‘Indian IT firms set for “washout” year, focus now on 2025’” »
Bombay Stock Exchange (BSE) in Mumbai. File | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty rebounded sharply on Thursday after sliding for the past two sessions, propelled by bargain hunting in capital goods, banking, and IT stocks amid a sharp correction in global crude prices. The 30-share BSE Sensex climbed 405.53 points or…
Read More “Markets rebound after 2-day slump; L&T top boost” »
Image used for representational purpose. | Photo Credit: Reuters The rupee pared initial gains and settled 3 paise lower at 83.27 against the U.S. dollar on October 5, following a recovery in the American currency. Forex traders said the rupee consolidated in a narrow range as investors preferred to stay on the sidelines ahead of…
Read More “Rupee pares initial gains, settles 3 paise lower at 83.27 against U.S. dollar” »