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Category: Business

Business

Sensex falls by 160 points on sell-off in IT, healthcare shares

Posted on August 6, 2025 By admin
Sensex falls by 160 points on sell-off in IT, healthcare shares

A woman walks into the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark BSE Sensex reversed its early gains to close lower by 160 points on Wednesday (August 6, 2025) due to selling in IT and healthcare shares amid the RBI policy decision to keep the key interest rates unchanged….

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Posted on August 6, 2025 By admin
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Rupee rises 15 paise to 87.73 against U.S. dollar in early trade

Posted on August 6, 2025 By admin
Rupee rises 15 paise to 87.73 against U.S. dollar in early trade

The domestic equity market, the 30-share BSE Sensex rose 113.41 points to 80,823.66 in early trade, while Nifty was up 19.20 points to 24,668.75. File | Photo Credit: Reuters The rupee rose 15 paise to 87.73 against the U.S. dollar in early trade on Wednesday (August 6, 2025) amid a weakening greenback as markets awaited…

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Business

Markets trade lower after initial optimism ahead of RBI policy decision

Posted on August 6, 2025 By admin
Markets trade lower after initial optimism ahead of RBI policy decision

 Among the Sensex firms, HCL Technologies, Infosys, Sun Pharmaceuticals, Tech Mahindra, Eternal, Tata Consultancy Services, Mahindra & Mahindra, Bajaj Finance, Reliance Industries and HDFC Bank were the major laggards on August 6, 2025. File | Photo Credit: PTI Benchmark indices Sensex and Nifty gave up early gains and were trading lower on Wednesday (August 6,…

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Business

MPC keeps repo rate unchanged at 5.5%, GDP growth maintained at 6.5%, inflation forecast at 3.1%

Posted on August 6, 2025 By admin
MPC keeps repo rate unchanged at 5.5%, GDP growth maintained at 6.5%, inflation forecast at 3.1%

The Monetary Policy Committee (MPC) after assessing the current and evolving macroeconomic situation, voted to maintain the policy repo rate at 5.50%.  Consequently, the standing deposit facility (SDF) rate under the liquidity adjustment facility (LAF) remains unchanged at 5.25% and the marginal standing facility (MSF) rate and the Bank Rate at 5.75%. This decision is…

Read More “MPC keeps repo rate unchanged at 5.5%, GDP growth maintained at 6.5%, inflation forecast at 3.1%” »

Business

MPC meeting highlights: Continue to do whatever required to support economic growth, says RBI Governor

Posted on August 6, 2025 By admin
MPC meeting highlights: Continue to do whatever required to support economic growth, says RBI Governor

The Reserve Bank of India maintained its key interest rate at 5.50%; RBI Governor Sanjay Malhotra says they continue to monitor macroeconomic conditions on a policy-to-policy basis Source link

Business

How should money laundering be tackled? | Explained

Posted on August 6, 2025 By admin
How should money laundering be tackled? | Explained

For representative purposes. | Photo Credit: iStockphoto The story so far: A report submitted by the Finance Minister in the Rajya Sabha states that 5,892 cases were taken up by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) 2002, since 2015. Of these cases, only 15 convictions have yet been ordered…

Read More “How should money laundering be tackled? | Explained” »

Business

U.S. trade deficit with 9 countries higher than with India, yet 7 face lower tariffs

Posted on August 5, 2025 By admin
U.S. trade deficit with 9 countries higher than with India, yet 7 face lower tariffs

The U.S. has levied the third-highest tariff on India among the top 10 countries with which it has the highest trade deficits, an analysis has revealed. In other words, while the U.S. has a higher trade deficit with nine other countries than with India, it has levied higher tariffs on just two — China and…

Read More “U.S. trade deficit with 9 countries higher than with India, yet 7 face lower tariffs” »

Business

India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

Posted on August 5, 2025 By admin
India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and Information Technology, in Bengaluru on Tuesday (August 5, 2025). During this transformative period, India was fortunate…

Read More “India was fortunate to have a steady growth in this transformative period, says Ashwini Vaishnaw” »

Business

After 14 years, Tamil Nadu records double-digit economic growth in real terms

Posted on August 5, 2025 By admin
After 14 years, Tamil Nadu records double-digit economic growth in real terms

On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto  After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms…

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