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The world is bullish on India, the country’s top economist, currently Executive Director of the International Monetary Fund (IMF) has said, noting that India’s public digital infrastructure and inclusive growth is not only being talked about but also applauded by the International community. “I think the Indian economy has been growing overall very well. Post-COVID,…
In the past five trading days, the BSE benchmark jumped 2,722.12 points, or 3.44%. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty ended marginally lower in a highly volatile trade on Friday (December 6, 2024), snapping their five-day rally, after the Reserve Bank of India kept the policy rate unchanged but sharply…
Forex traders said an overall decline in the U.S. dollar and crude oil prices supported the rupee. However, weak domestic markets capped sharp gains. File | Photo Credit: The Hindu The rupee settled on a flat note and appreciated by just 1 paisa to close at 84.70 (provisional) against the U.S. dollar on Friday (December…
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Security Personnel passes by a logo of Reserve Bank of India outside RBI Headquarters in Mumbai on December 6, 2024. | Photo Credit: Emmanual Yogini The Reserve Bank on Friday (December 6, 2024) proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI). UPI is an instant real-time payment…
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Watch: Q3 GDP growth lower than expected: RBI Governor Shaktikanta Das Source link
U.S. investment banker JP Morgan has given ‘overweight’ rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. Also read: Fitch places some Adani bonds on negative watch after U.S. bribery charges In a report, JP Morgan gave ‘overweight’ rating on…
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The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom. The company has announced it will hike the prices of cars from January 2025 | Photo Credit: Reuters Maruti Suzuki India Ltd. announced on Friday (December 6, 2024) its plans to increase the prices of its cars starting January…
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Both the Nifty and Sensex faced bouts of volatility between highs and lows. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty turned highly volatile after the Reserve Bank of India’s monetary policy announcement. Markets dipped 0.45% to 81514 at the Bombay Stock Exchange (BSE) as the RBI governor Shaktikanta Das announced the…
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Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, Friday, Dec. 6, 2024. | Photo Credit: PTI The Reserve Bank of India raised India’s Consumer Price Inflation outlook for 2024-25 to 4.8% from 4.5%, with Q3 at 5.7% and Q4 at 4.5%. Going into FY 2025-26, the RBI projected Q1 inflation…
Canara HSBC Life Insurance Company is a joint venture company with a 51% stake owned by Canara Bank and a 26% stake held by the HSBC Insurance (Asia Pacific) Holdings and remaining 23% stake by Punjab National Bank. Canara Bank on Thursday (December 5, 2024) said it has got Reserve Bank of India’s (RBI) approval…
