Stay Connected. Stay Informed.
Business
RBI said the funds were infused at a 5.26% cut-off rate. File | Photo Credit: Reuters The Reserve Bank of India (RBI) on Friday (May 22, 2206) injected ₹81,590 crore of transient liquidity into the banking system through a three-day variable rate repo (VRR) auction. Transient liquidity refers to temporary cash flow fluctuations in a…
The Reserve Bank of India (RBI) logo inside its headquarters in Mumbai. | Photo Credit: REUTERS While India’s domestic demand remains a key driver of growth, the near-term outlook for the economy is “somewhat clouded” due to supply side pressures brought on by the West Asia crisis, the Reserve Bank of India (RBI) said in…
Read More “Demand driving growth, but economic outlook ‘somewhat clouded’ by supply issues: RBI” »
This file image is used for representational purposes only. | Photo Credit: Reuters Stock market benchmark indices ended higher on Friday (May 22, 2026), helped by buying in blue-chip bank shares and a rally in global peers. Hopes of progress in the U.S.-Iran peace negotiations also added to markets’ optimism. The 30-share BSE Sensex climbed…
Read More “Stock markets rebound led by banks, positive global trends” »
The net income, before risk provision and transfer to statutory funds, aggregated ₹3,95,972.10 crore in FY26 as against ₹3,13,455.77 crore in FY25, the RBI said in a statement. File | Photo Credit: Reuters The Central Board of Directors of Reserve Bank of India (RBI) on Friday (May 22, 2026) approved the transfer of surplus of ₹2,86,588.46…
Read More “RBI board approves dividend payment of ₹2,86,588 crore to government” »
At the interbank foreign exchange market, the rupee opened at 96.30 against the U.S. dollar. File | Photo Credit: Reuters The rupee rose for the second consecutive session on Friday (May 22, 2026) to close at 95.73 (provisional) against the U.S. dollar on softening of crude oil prices and supposed intervention by the Reserve Bank….
Read More “Rupee rises 63 paise to close at 95.73 against U.S. dollar” »
John Furner, Walmart Inc President and CEO. File | Photo Credit: ANI E-commerce major Flipkart’s 13-minute delivery services is “really impressive”, said Walmart Inc President and CEO John Furner, lauding the rapid pace of innovation and delivery execution by its Indian unit, in which it owns a controlling stake. Walmart acquired a 77% controlling stake in…
Read More “Flipkart’s 13-minute delivery really impressive: Walmart Inc President and CEO” »
File photo of Air India Chief Executive Campbell Wilson. | Photo Credit: PTI Air India Chief Executive Campbell Wilson has said his successor will have “hands full” as the carrier struggles with a ban on using Pakistan’s airspace, fallout from the Iran war and higher operating costs due to strong U.S. dollar. Speaking at an…
Read More “New CEO has ‘hands full’ of challenges, says Air India’s Campbell” »
National Stock Exchange (NSE) in Mumbai, India. File | Photo Credit: Reuters Benchmark equity indices rebounded in early deals on Friday (May 22, 2026) amid easing oil prices and a rally in global markets. Hopes of progress in the U.S.-Iran peace negotiations also added to markets’ optimism. The 30-share BSE Sensex climbed 332.39 points to…
The rupee rose 18 paise against the U.S. dollar. File | Photo Credit: Reuters The rupee rose 18 paise to 96.18 against the U.S. dollar in early trade on Friday (May 22, 2026), on slight cooling in crude oil prices, tentative signs of easing geopolitical tensions, and active RBI intervention in the market. Forex traders…
Read More “Rupee rises 18 paise to 96.18 against U.S. dollar in early trade” »
Image used for representation purpose only With the recent government interventions in infrastructure and allocation, Oil India would amp up their production immensely in the next eighteen months, Chairman and Managing Director Ranjit Rath told The Hindu. “Government has authorised the [expansion of] Duliajan feeder line so that will mean more gas can be evacuated,”…