Category: Business

Business

Stock markets fall for second day ahead of RBI policy decision; Airtel, ITC major drag

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Stock markets fall for second day ahead of RBI policy decision; Airtel, ITC major drag

Global oil benchmark Brent crude rose by 0.60% to $75.06 a barrel. File | Photo Credit: PTI Benchmark indices Sensex and Nifty slid for the second consecutive day on Thursday (February 6, 2025) amid caution ahead of the RBI’s monetary policy decision and fresh foreign fund outflows. The 30-share BSE Sensex dropped 213.12 points or…

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SBI Q3 results: Net profit surges 84% to ₹16,891 crore

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SBI Q3 results: Net profit surges 84% to ₹16,891 crore

SBI’s interest income in Q3 grew to ₹1,17,427 crore compared to ₹1,06,734 crore a year ago. Image for representation. | Photo Credit: Reuters The country’s largest lender SBI on Thursday (February 6, 2025) reported an 84% jump in standalone net profit to ₹16,891 crore in the December quarter. State Bank of India (SBI) had earned…

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Markets trade lower after initial optimism ahead of RBI policy decision

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Markets trade lower after initial optimism ahead of RBI policy decision

Sensex and Nifty were trading lower amid RBI caution, foreign fund outflows on February 6, 2025. Benchmark indices Sensex and Nifty gave up early gains and were trading lower on Thursday (February 6, 2025) amid caution ahead of the Reserve Bank of India’s (RBI’s) monetary policy decision and fresh foreign fund outflows. The 30-share BSE…

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Rupee falls 14 paise to hit record low of 87.57 against U.S. dollar in early trade

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Rupee falls 14 paise to hit record low of 87.57 against U.S. dollar in early trade

Image for representation | Photo Credit: Reuters The rupee depreciated 14 paise to hit record low of 87.57 against the U.S. dollar in early trade on Thursday (February 6, 2025) weighed down by anticipation of an RBI rate cut and weak economic data. Forex traders said the Indian rupee opened on a weak note and…

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Business

Reliance to double investments in West Bengal by end of decade, says Mukesh Ambani

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Reliance to double investments in West Bengal by end of decade, says Mukesh Ambani

West Bengal Chief Minister Mamata Banerjee with Mukesh Ambani at the 8th edition of Bengal Global Business Summit on February 5, 2025 | Photo Credit: Debasish Bhaduri Reliance Industries chairman Mukesh Ambani on Wednesday (February 5, 2025) said that the group will double its investment in West Bengal by the end of the decade. “In…

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Business

A Budget that is mostly good but with one wrong move

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A Budget that is mostly good but with one wrong move

‘The overarching aim of the Budget was to accelerate growth and push India towards a developed country status’ | Photo Credit: PTI The Union Budget has got many things right. Its projection of nominal GDP growth for 2025-26, at 10.1%, is reasonable and acceptable. The Economic Survey 2024-25 had indicated a real GDP growth in…

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Business

A tough call: On the RBI MPC’s first policy review of 2025

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A tough call: On the RBI MPC’s first policy review of 2025

The Reserve Bank of India’s Monetary Policy Committee (MPC) will conclude its first policy review of 2025 on Friday (February 7, 2025), in significantly different circumstances from its December 2024 meet. For one, the key personnel have changed. The RBI has a new Governor, with former Revenue Secretary Sanjay Malhotra replacing Shaktikanta Das soon after…

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Business

A green signal for India to assert its health leadership

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A green signal for India to assert its health leadership

‘It is our collective responsibility now to build on this momentum’ | Photo Credit: Getty Images/iStockphoto The Union Budget 2025-26 lays a robust foundation for India to assert its leadership in global health care and innovation, with strategic announcements that bolster medical infrastructure, expand educational opportunities, and promote global collaboration. With a ₹90,958 crore health-care…

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Business

Budget 2025: Can nuclear be a meaningful part of India’s energy strategy? | Business Matters

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Budget 2025: Can nuclear be a meaningful part of India’s energy strategy? | Business Matters

In the latest budget speech, the Indian Finance Minister reiterated an earlier-articulated goal for Nuclear Energy capacity—to reach 100 GW by 2047. Where are we now? At 8 GW. Does the goal sound more than just a bit ambitious? In this episode, we will learn a tiny bit of nuclear science as well as about…

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