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Category: Business

Business

Budget 2025 is a bit like discussing Hindi film lyrics from the 90s

Posted on February 7, 2025 By admin
Budget 2025 is a bit like discussing Hindi film lyrics from the 90s

Satheesh Vellinezhi | Photo Credit: Satheesh Vellinezhi Too many letters. Oh, and I’m not talking about the Russian alphabet, although it also has way too many letters. I’m talking about modern correspondence in this digital age. (The writer apologises for the loose use of the word letters. Sadly, this writer is forever apologising). In fact,…

Read More “Budget 2025 is a bit like discussing Hindi film lyrics from the 90s” »

Business

Infosys lays off over 300 freshers for not clearing internal assessment

Posted on February 7, 2025 By admin
Infosys lays off over 300 freshers for not clearing internal assessment

Infosys said that the process has been in existence for over “two decades and ensures a high quality of talent availability for our clients”. File | Photo Credit: Reuters IT services company Infosys has laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three…

Read More “Infosys lays off over 300 freshers for not clearing internal assessment” »

Business

RBI’s rate cut sets stage for further easing of interest rates in near term: India Inc

Posted on February 7, 2025 By admin
RBI’s rate cut sets stage for further easing of interest rates in near term: India Inc

The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5%. | Photo Credit: Reuters India Inc. welcomed the Reserve Bank of India’s (RBI) move to slash the benchmark interest rate for the first time in nearly five years on Friday (February 7, 2025) and…

Read More “RBI’s rate cut sets stage for further easing of interest rates in near term: India Inc” »

Business

Union Budget 2025: Real estate’s direct and indirect benefits

Posted on February 7, 2025 By admin
Union Budget 2025: Real estate’s direct and indirect benefits

The Union Budget, which focused on economic expansion, infrastructure development, MSMEs, futuristic cities, and middle-class welfare, has brought substantial relief for the middle class. It also aimed to stimulate rural consumption — an essential step toward unlocking India’s economic potential. From a real estate perspective, the Budget delivered both direct and indirect benefits, acting as…

Read More “Union Budget 2025: Real estate’s direct and indirect benefits” »

Business

Northeast tea body names two nonagenarians associated with beverage industry for first lifetime achievement awards

Posted on February 7, 2025 By admin
Northeast tea body names two nonagenarians associated with beverage industry for first lifetime achievement awards

Apurba Kumar Barooah. | Photo Credit: Special arrangement Sagar Mehta. | Photo Credit: Special arrangement GUWAHATI An association of tea producers has named two nonagenarians for its first lifetime achievement awards. The awards are scheduled to be conferred upon 96-year-old Sagar Mehta and 93-year-old Apurba Kumar Barooah at the ‘Chairman’s Dinner’ in eastern Assam’s Golaghat…

Read More “Northeast tea body names two nonagenarians associated with beverage industry for first lifetime achievement awards” »

Business

Capt. Chowta seeks opening of satellite office of Coffee Board in Mangaluru

Posted on February 7, 2025 By admin
Capt. Chowta seeks opening of satellite office of Coffee Board in Mangaluru

Union Minister for Commerce and Industry Piyush Goel makes a point to Dakshina Kannada Member of Parliament Captain Brijesh Chowta during their meeting in New Delhi on February 6, 2025. | Photo Credit: SPECIAL ARRANGEMENT Dakshina Kannada Member of Parliament Captain Brijesh Chowta urged Union Minister for Commerce and Industry Piyush Goyal to establish a…

Read More “Capt. Chowta seeks opening of satellite office of Coffee Board in Mangaluru” »

Business

RBI Monetary Policy 2025 key highlights: Repo rate cut to 6.25%, GDP likely to be 6.4%

Posted on February 7, 2025 By admin
RBI Monetary Policy 2025 key highlights: Repo rate cut to 6.25%, GDP likely to be 6.4%

Reserve Bank of India. File | Photo Credit: Reuters In a bid to add to the momentum of the Budgetary reliefs announced by the Centre, the Monetary Policy Committee (MPC) on Friday (February 7, 2025) decided unanimously to reduce the policy rate by 25 basis points to 6.25% from 6.5%. One basis point equals 0.01%….

Read More “RBI Monetary Policy 2025 key highlights: Repo rate cut to 6.25%, GDP likely to be 6.4%” »

Business

Kia India gets $155-million tax demand notice over component imports

Posted on February 7, 2025 By admin
Kia India gets 5-million tax demand notice over component imports

KIA Motors India manufacturing facility at Erramanchi in Anantapur district of Andhra Pradesh. File photo | Photo Credit: The Hindu Kia India has received a tax demand notice from the authorities over component imports even as the automaker has denied any wrongdoing noting that it has filed a “detailed response” regarding the matter. As per…

Read More “Kia India gets $155-million tax demand notice over component imports” »

Business

RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%

Posted on February 7, 2025 By admin
RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%

RBI Governor Sanjay Malhotra during a press conference at RBI headquarters in Mumbai on February 7, 2025. | Photo Credit: PTI Lowering India’s interest rates for the first time in the last 57 months, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday unanimously cut the repo rate by 25…

Read More “RBI MPC Meeting 2025: RBI cuts lending rate by 25 basis points to 6.25%” »

Business

Markets trade higher as RBI cuts policy rate by 25 bps

Posted on February 7, 2025 By admin
Markets trade higher as RBI cuts policy rate by 25 bps

Benchmark indices Sensex and Nifty were trading in the positive territory on Friday (February 7, 2025) after the RBI under new Governor Sanjay Malhotra cut interest rate for the first time in nearly five years. The 30-share BSE benchmark Sensex traded 233.96 points higher at 78,290.08 in the late morning trade. The NSE Nifty quoted…

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