World Diabetes Day: Global spike in diabetes, about a quarter of cases in India
Of the 82 crore diabetic persons, 21.2 crore are in India and 14.8 crore in China. Key Points
The TribuneLife insurers sector reports 13.16% growth in new premiums for October; new policy issuances drop 41.6%
New Delhi [India], November 9 (ANI): The Indian life insurance sector recorded a robust year-on-year (YoY) growth in new business premiums (NBPs) for October 2024, with premiums increasing by 13.16 per cent compared to the same period last year, Life Insurance Council observed in its October 2024 business report. NBP collections surged from Rs 26,819.01 […] Key Points
ThePrintGovt to sell 2.5 pc in HZL at floor price of Rs 505/share, aims to raise over Rs 5,000 cr
New Delhi, Nov 5 (PTI) The government will sell up to 2.5 per cent stake in Hindustan Zinc at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at the floor price. The two-day OFS opens for institutional bidders on Wednesday […] Key Points
ThePrintAt Rs 1.87 lakh crore, October GST collection second highest
Robust domestic transaction pushed Goods and Services Tax (GST) collection in October to over Rs 1.87 lakh crore, the second highest ever, registering a year-on-year growth of 9 per cent. The GST from domestic transactions grew 10.6 per cent to Rs 1.42 lakh crore, while revenues from tax on imports rose about 4 per cent to Rs 45,096 crore. Key Points
The TribuneSensex closes below 80K as slide continues
The Indian stock market extended its bear run into fifth straight session on Friday. The BSE Sensex today tumbled 662.87 points, or 0.83 per cent, to end the session at 79,402.29 levels. The Nifty50, on the other hand, closed at 24,180.80, down 218.63 points or 0.9 per cent. Key Points
The Tribune
India’s GDP growth to moderate to 7 pc in 2024 and 6.5 pc in 2025: IMF
Global economic growth to stay steady at 3.2 per cent in 2024 and 2025, projects annual World Economic Outlook. Key Points
The TribuneSensex, Nifty tumble over 1 per cent on weak global cues, foreign fund exodus
The BSE Sensex plummeted 930.55 points or 1.15 per cent to settle at 80,220.72. Key Points
The TribuneAverage airfares around Diwali drop 20-25% on many routes
Air passengers can expect lower fares this Diwali season, as average airfares on many domestic routes have dropped 20-25 per cent compared to last year. Increased capacity and a 15 per cent decrease in oil prices are major factors contributing to more affordable travel options. Key Points
Economic TimesD-Mart's Q2 net profit rises 5.8% to Rs 659.4 crore
Avenue Supermarts Ltd reported a 5.78% increase in consolidated net profit to Rs 659.44 crore for Q2 FY 2025. Revenue from operations rose 14.41% to R Key Points
Times Of IndiaStock market today: BSE Sensex settles flat in volatile trade; Nifty50 ends below 25,800
India Business News: Stock market today: The BSE Sensex closed at 84,266.29, down 33.49 points or 0.04 per cent, while the NSE Nifty settled at 25,796.90, a marginal decre Key Points
Times Of India
Sterling Wilson Renewable Energy promoters sell 7.14 pc stake for Rs 1,040 crore
New Delhi, Sep 27 (PTI) Shapoorji Pallonji and Khurshed Yazdi Daruvala — promoters of Sterling And Wilson Renewable Energy — on Friday divested a 7.14 per cent stake in the company for Rs 1,040 crore via open market transactions. According to the bulk deal data available with the NSE, Shapoorji Pallonji and Company Pvt Ltd […] Key Points
ThePrint93% retail traders lost money in F&O in 3 years: Sebi study
When it comes to equity derivatives trading, retail investors are on the back foot, as 93 per cent of them incurred losses with average loss of around Rs 2 lakh per trader during the last three financial years (FY 22 to FY 24), according to a new study conducted by the Securities and Exchange Board of India (SEBI). There are over one crore individual (Futures & Options) traders. Despite consecutive years of losses, more than 75 per cent, of lossmaking traders continued trading in F&O. Key Points
The TribuneSensex rebounds nearly 100 points to hit lifetime high; Nifty scales record intra-day level
NTPC was biggest gainer on Sensex chart, rising 2.44 per cent, followed by JSW Steel, Larsen & Toubro, ICICI Bank, Axis Bank, Nestle, Mahindra & Mahindra and Tata Steel. Key Points
The TribuneWorld Bank raises India's FY25 growth forecast to 7%
The World Bank has increased India's growth forecast for FY25 to 7%, previously set at 6.6%. Despite a slowdown in Q1FY25 caused by reduced government spending, the economy is expected to remain strong. The RBI, Goldman Sachs, and J.P. Morgan have different growth projections, highlighting varied economic expectations globally. Key Points
Economic TimesICICI Prudential Life Insurance gets a Rs 429 cr GST demand notice from Maha govt
In a stock filing, ICICI Prudential said the GST demand includes Rs 208.02 crore, Rs 200.22 crore in interest, and Rs 20.80 crore in penalties. Key Points
Business Today
Indian stock markets open flat on Thursday amid the anticipations of profit booking
Mumbai (Maharashtra) [India], August 27 (ANI): The Indian stock markets opened flat on Tuesday amid the anticipations of profit-booking as the benchmark indices on Monday remained close to the lifetime highs. On Tuesday, the NSE Nifty 50 began 0.09 per cent higher at 25,032.50, and the BSE Sensex opened 0.08 per cent higher at 81,759.70. […] Key Points
ThePrintTin prices may remain higher this fiscal suggests NSE data
New Delhi [India], August 18 (ANI): Tin metal has emerged as the top performer in the commodity market, showing exceptional growth compared to other metals so far in 2024. According to a report from the National Stock Exchange, Tin has appreciated by a remarkable 27.2 per cent so far this year by June 25, it […] Key Points
ThePrintWholesale inflation falls to 3-month low of 2.04% in July
New Delhi, August 14 Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released today showed. The decline in wholesale price index (WPI) based inflation... Key Points
The TribuneMarkets open strong amid positive cues from global indices
Sensex surges 191 points to 24,334.85, Nifty gains 646 points to 79,751.90 Key Points
The TribuneSensex falls by 0.21%, Nifty ends below 24K
Tribune News Service Chandigarh, August 6 Equity benchmark indices BSE Sensex and NSE Nifty50 surrendered early gains and settled lower in volatile trade on Tuesday, with Sensex losing 166.33 points and Nifty ending below the 24,000 level. BSE Sensex ended... Key Points
The TribuneStock markets snap 3-day slump, Sensex rebounds 875 points on value buying in metal, energy shares
Mumbai, August 7 Benchmark stock indices Sensex and Nifty bounced back sharply on Wednesday after three straight days of slump following a rally in global peers and value-buying in metal, IT and oil shares at lower levels. The 30-share BSE... Key Points
The TribuneSensex, Nifty drop over 1%
Chandigarh, August 2 Benchmark indices Sensex and Nifty 50 paused their five-day record run on Friday due to weak global cues and ended the week’s last trading session in the negative territory. Sensex plunged 885.60 points or 1.08 per cent... Key Points
The TribuneSensex, Nifty open at record highs on Monday
Mumbai (Maharashtra) [India], July 29 (ANI): Indian stock market indices opened with gains on Monday following the global rally. On the National Stock Exchange, the Nifty 50 index opened at 24,943.30, up by 108.45 points or 0.44 per cent, while the BSE Sensex gained 346.93 points or 0.43 per cent to reach 81,679.65 points. In […] Key Points
ThePrintMarkets extend losses for 5th session; metal, bank stocks major drag
The 30-share BSE Sensex managed to recover some of the lost ground to settle 109.08 points or 0.14 per cent lower at 80,039.80. Equity market benchmark... Key Points
The Tribune IndiaStudy shows birth outcome of freezing eggs as effective as regular IVF
Findings of 15-year-long study based on nearly 30,000 frozen eggs reveal an overall live birth rate of 26 per cent per embryo transfer. Success rates of... Key Points
The Tribune India
Nifty hits fresh record high in early trade; Sensex climbs 290 points
HCL Technologies, UltraTech Cement, Tata Motors, Maruti, NTPC, Mahindra & Mahindra, TCS and Kotak Mahindra Bank among major winners. Equity benchmark indices... Key Points
The Tribune IndiaInflation is highest in Odisha at 7.22% followed by Bihar and Karnataka: SBI research
India's inflation landscape showed spatial variability in June 2024, with 12 out of 22 states reporting rates exceeding the national average of 5.1%. Odisha had the highest inflation at 7.22%, followed by Bihar at 6.37% and Karnataka at 5.98%. The Index of Industrial Production (IIP) surged to a seven-month high of 5.9% in May, reflecting robust growth in mining, manufacturing, and electricity production. Key Points
Economic Times73 per cent Indians read ingredient lists, nutritional value of snacks: Report
Makhanas (foxnuts) and dry fruits emerge as stars in the healthy snacking segment. As many as 73 per cent Indians prefer to read ingredient lists and... Key Points
The Tribune IndiaSensex, Nifty settle flat after hitting fresh lifetime high levels in early trade
The 30-share BSE Sensex declined 34.74 points to settle at 79,441.45 in a volatile trade. Equity benchmark indices Sensex and Nifty hit fresh lifetime high... Key Points
The Tribune IndiaReliance Industries M-cap tops Rs 21 lakh-crore mark amid rally in shares
So far this year, shares of Reliance Industries have jumped 21.16 per cent on BSE. Shares of Reliance Industries climbed over 2 per cent on Friday, taking its... Key Points
The Tribune India
Markets snap record-breaking rally as profit-booking hammers banking, finance stocks
Sensex breached the historic 79,000 mark on Thursday, while Nifty hit 24,000 level for first time in intra-day trade. Market benchmarks Sensex and Nifty halted... Key Points
The Tribune IndiaRBI needs to shift focus from inflation management to growth promotion: MPC member Varma
New Delhi, Jun 24 (PTI) With retail inflation nearing the RBI’s target of 4 per cent, the monetary policy needs to shift focus on promoting growth, RBI MPC member Jayanth R Varma said on Monday. Varma further said CPI inflation in 2024-25 is projected to be only about 0.5 percentage point above target, and core […] Key Points
ThePrintS&P retains India's FY'25 GDP growth estimate at 6.8 per cent
In its economic outlook for Asia Pacific, S&P Global Ratings say India's economic growth continues to surprise on the upside with the economy growing 8.2 per cent in fiscal... Key Points
The Tribune IndiaSensex, Nifty log gains on buying in auto, power stocks amid volatile trade
The 30-share BSE Sensex ended 131.18 points, or 0.17 per cent, higher at 77,341.08. Benchmark equity indices ended marginally higher on Monday, helped by buying... Key Points
The Tribune IndiaProsus writes off entire investment of USD 578 million in Byju’s
In November, Prosus valued Byju’s below USD 3 billion which was 86 per cent less than edtech firm’s peak valuation of USD 22 billion. Dutch investment firm... Key Points
The Tribune India
May retail inflation remained high for agricultural and rural labourers
New Delhi [India], June 22 (ANI): The retail inflation for agricultural labourers (CPI-AL) and rural workers (CPI-RL) remained almost unchanged at 7 per cent and 7.02 per cent respectively in May 2024, according to data released by the Ministry of Labour & Employment. CPI-AL and CPI-RL were 7.03 per cent and 6.96 per cent a […] Key Points
ThePrintSensex, Nifty scale fresh record high levels on buying in Reliance, HDFC Bank
The 30-share BSE Sensex climbed 141.34 points to settle at a new closing peak of 77,478.93. Benchmark equity indices Sensex and Nifty soared to new lifetime highs... Key Points
The Tribune IndiaFood inflation: Exceptionally hot summer, low reservoir levels may put stress on summer crop of veggies, fruits, RBI notes
Headline CPI inflation moderated to 4.8% in April 2024 from 4.9% in March and 5.1% in February. CPI food inflation, however, edged up to 7.9% in April from 7.7% in March. Key Points
Business TodaySensex, Nifty open at record high on Wednesday
New Delhi [India], June 19 (ANI): Indian stock markets opened at a record high on Wednesday with Sensex rising over 242 points at 77,418 whereas the Nifty opened at 23,629.80, up by 71.90 points. Nifty bank indices opened at 50,607.90, up 167 points or 0.33 per cent whereas, the Nifty midcap 100 started with a […] Key Points
ThePrintWholesale inflation rises to 15-month high of 2.6% in May
The wholesale price index (WPI) based inflation rate rose to a 15-month high of 2.61 per cent in May, mainly due to the increase in prices of food items... Key Points
The Tribune India
Amid inflation concerns, RBI likely to leave interest rate unchanged
Reserve Bank Governor Shaktikanta Das will announce the next set of monetary policy on Friday morning amid expectations of a status quo on the benchmark... Key Points
The Tribune IndiaMarkets hold on to early gains after RBI monetary policy decision
Interest rate-sensitive bank, realty and auto stocks trading with gains. Benchmark equity indices jumped in late morning trade on Friday, extending their rally... Key Points
The Tribune IndiaRBI maintains status quo for 8th time in a row; repo rate unchanged at 6.5 per cent
The repo rate increase cycle was paused in April last year after six consecutive rate hikes. The Reserve Bank of India on Friday decided to keep the policy... Key Points
The Tribune IndiaSensex, Nifty hit all-time closing high levels as Reserve Bank of India raises GDP growth projection
30-share BSE Sensex jumps 1,720.8 points, or 2.29 per cent, to hit a new record peak of 76,795.31 in day trade. Benchmark equity indices Sensex and Nifty... Key Points
The Tribune IndiaRBI MPC retains repo rate at 6.5 per cent for 8th time in a row
RBI MPC Meet 2024: The Reserve Bank of India, under the guidance of the Monetary Policy Committee (MPC), maintained the repo rate at 6.5 per cent for the eighth consecutive time. The announcement was made by RBI governor Shaktikanta Das following the conclusion of a three-day meeting that began on June 5. Key Points
Economic Times
RBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions
The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintaining the Standing Deposit Facility rate at 6.25% and the Marginal Standing Facility bank rate at 6.75%. Key Points
Economic TimesKey infrastructure sectors’ growth rises to 6.2% in April
Eight key infrastructure sectors’ growth rose to 6.2 per cent in April on healthy expansion in the production of natural gas, refinery products and... Key Points
The Tribune IndiaGDP grows 7.8% in Q4, 8.2% in FY24; surpasses RBI projection
India recorded a provisional GDP growth of 8.2 per cent for 2023-24, as against 7 per cent in the previous fiscal owing to a good show in the manufacturing... Key Points
The Tribune IndiaSensex, Nifty log biggest single-day gain in 3 years as exit polls predict 3rd term for Modi govt
The 30-share BSE Sensex soared by 2,507.47 points to settle at a new closing peak of 76,468.78, marking its biggest single-day gain in 3 years. Benchmark... Key Points
The Tribune IndiaEl Niño ending; at least 60 per cent chance of La Niña developing during July-September: World Meteorological Organization
Monsoon is critical for India’s agricultural landscape, with 52 per cent of the net cultivated area relying on it. 2023/24 El Niño event, which drove... Key Points
The Tribune India
Sensex falls for 4th day, ends 667 points down; Nifty slips to 22,704
Benchmark equity indices Sensex and Nifty declined nearly 1 per cent on Wednesday, continuing their losing streak for the fourth day running amid... Key Points
The Tribune IndiaStock markets fall for 5th day; Sensex plunges 617 points on profit booking
Foreign Institutional Investors offloaded equities worth Rs 5,841.84 crore on Wednesday, according to exchange data. Benchmark equity indices Sensex and... Key Points
The Tribune IndiaSensex climbs over 250 points on buying in Reliance Industries, M&M
JSW Steel, Ultra Cement, Kotak Bank, ITC and NTPC major gainers. Equity benchmarks Sensex and Nifty closed higher on Friday as buying in index majors... Key Points
The Tribune IndiaUN raises India’s GDP forecast for FY24 to 6.9%
The United Nations has revised upwards India’s growth projections for 2024, a month after the World Bank did so. However, the UN’s revised... Key Points
The Tribune India85 per cent Indians say climate change affecting them: Survey
Severe heat waves, deadly floods have impacted a large number of people in India. Eighty-five per cent of people surveyed in India say they are already... Key Points
The Tribune India
Sensex, Nifty spurt nearly 1 per cent on buying in HDFC Bank, Infosys amid global stocks rally
Foreign Institutional Investors offloaded equities worth Rs 2,832.83 crore on Wednesday, according to exchange data. Equity benchmark indices Sensex and Nifty... Key Points
The Tribune IndiaAt 1.26%, wholesale inflation rises to 13-month high in April
Fuelled by high food prices, especially a whopping 23.6 per cent inflation rate for vegetables, the wholesale price index (WPI) based inflation rate stood... Key Points
The Tribune IndiaMarkets snap 3-day winning run on selling in HDFC Bank, RIL; Sensex slips over 100 points
Foreign Institutional Investors offloaded equities worth Rs 4,065.52 crore on Tuesday, according to exchange data. Equity benchmark indices Sensex and Nifty... Key Points
The Tribune IndiaNearly 12% of India’s eligible children received no dose of measles vaccine, study finds
Zero-dose cases high in northeastern states, with Nagaland reporting the greatest share at 26 per cent. Nearly 12 per cent of children in India who are eligible... Key Points
The Tribune IndiaIndustrial growth declines to 4.9%
India’s industrial production growth slowed marginally to 4.9 per cent month-on-month in March 2024, mainly due to poor show by the mining... Key Points
The Tribune India
India's Industrial Production growth rate slows to 4.9% in March 2024
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 5.2 per cent in March 2024, from 5 per cent in February. Key Points
Economic TimesSensex closes flat, Nifty slips on profit taking by investors
The 30-share BSE Sensex edged up 17.39 points to settle at 73,895.54. Benchmark Sensex closed almost flat in a range-bound trade on Monday as investors... Key Points
The Tribune IndiaInd-Ra raises India's FY25 GDP growth estimate to 7.1 pc: Strong government-private investment propel econ
India Ratings and Research (Ind-Ra) has revised India's GDP growth estimate for FY25 upwards to 7.1 per cent, exceeding the Reserve Bank of India's forecast of 7.0 per cent. The agency's outlook is supported by government capital expenditure and a revival in private sector investment. Challenges include uneven consumption demand and export sector obstacles. Despite positive indicators, constraints remain, such as high inflation and geopolitical uncertainties affecting exports. Key Points
Economic TimesIndia's infrastructure output slows down to 5.2% in March as against 7.1% in Feb
India's eight core sectors saw an annual growth rate of 5.2% in March, with production in cement, coal, electricity, natural gas, steel, and crude oil showing positive growth. Key Points
Economic Times5-day bull run ends as Sensex tanks 609 pts
Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial... Key Points
The Tribune India
1 in 4 Indians came across political content that turned out to be deepfake: Report
Nearly one in four Indians (22 per cent) have said they recently came across political content they later discovered to be deepfake, a new report revealed... Key Points
The Tribune IndiaMarkets extend gains for 5th straight session; Sensex revisits 74,000
The NSE Nifty advanced 167.95 points or 0.75 per cent to 22,570.35. Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points... Key Points
The Tribune IndiaAbsence of full drug-susceptibility data for TB patients can result in amplifying resistance, compromise treatment outcomes: HaystackAnalytics report
Mumbai (Maharashtra) [India], April 20 (ANI): Tuberculosis (TB) remains a formidable global health challenge, with over 2.95 million active cases reported in India alone in 2020. Among these cases, 135,000 were classified as multidrug-resistant TB (MDR-TB), posing a significant threat to treatment efficacy and control efforts. Show Full Article HaystackAnalytics, partnered with Dr DY Patil […] Key Points
ThePrintIndia to remain global growth driver in foreseeable future: IMF executive director
Krishnamurthy V Subramaniam, Executive Director of the IMF, predicts India will remain a key driver of global growth, citing consistent 7%+ growth post-COVID. He forecasts 8% growth in Q4, considering the global economic situation. The IMF revised India's 2024 growth projection to 7.8%. Subramaniam highlights India's digital infrastructure as a model for the Global South, emphasizing its role as a public good. He dismisses critics of India's GDP growth, citing statistical experts' trust in the numbers. Subramaniam also addresses Thomas Piketty's report on income inequality, presenting contrasting data. Key Points
Economic TimesIMF raises India's growth projection to 6.8 pc in 2024
Washington, Apr 16 (PTI) The International Monetary Fund on Tuesday raised India’s growth projection to 6.8 per cent from its January forecast of 6.5 per cent citing bullish domestic demand conditions and a rising working-age population. With this, India continues to be the fastest growing economy of the world, ahead of China’s growth projection of […] Key Points
ThePrint
Retail inflation drops to 4.85% in March, lowest in 9 months
The consumer price index based inflation rate fell to a nine-month low of 4.85 per cent in March as compared to 5.09 per cent in February mainly due... Key Points
The Tribune IndiaIndia's retail inflation eases to 10-month low of 4.85 per cent in March, IIP at four-month high
India's retail inflation dipped to 4.85 per cent annually in March from 5.09 per cent in the previous month, as per ET bureau. A Reuters survey had anticipated a decrease to 4.91 per cent. The figure falls within the 2-6 per cent tolerance band set by the Reserve Bank of India (RBI). Key Points
Economic TimesIndustrial production rises to a four-month high of 5.7% in February
India's Index of Industrial Production (IIP) increased by 5.7% in February, up from 3.8% in January, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). December 2023 saw a 4.2% IIP growth. Power generation rose by 7.5% year-on-year (YoY) in February, compared to 6.9% in January. Mining production grew by 8%, and power output increased by 7.5% in February. Key Points
Economic TimesIIP grows to 4-month high of 5.7 pc in Feb on good mining show
New Delhi, Apr 12 (PTI) India’s industrial production growth accelerated to a four-month high of 5.7 per cent in February 2024, mainly due to the good performance of the mining sector, according to official data released on Friday. The factory output growth measured in terms of the Index of Industrial Production (IIP) was 6 per […] Key Points
ThePrintRetail inflation eases to 5-month low of 4.85 pc in March, inches close to RBI's target
New Delhi, Apr 12 (PTI) Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, inching towards the Reserve Bank’s target of 4 per cent, according to official data released on Friday. The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February […] Key Points
ThePrint
Lack of training in GenAI, poor management key barriers for women in tech: Report
About 85 per cent of our survey respondents say there’s a gender disparity within their team and 38 per cent are dissatisfied with their growth potential. The... Key Points
The Tribune IndiaMarkets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone
ICICI Bank, Infosys, Bajaj Finserv, Tata Steel, Axis Bank, Bajaj Finance, Nestle and Mahindra & Mahindra were among the major gainers.. Benchmark equity... Key Points
The Tribune IndiaIndian stock indices hit fresh high; eyes now on inflation data, Q4 earnings
New Delhi [India], April 8 (ANI): Indian stock indices started Monday’s trade in the green and hit their fresh highs, extending positive momentum from gains it recorded in the first week of the new financial year that started on April 1. At 9.23 am, Sensex was at 74,487.41 points, up 239.19 points or 0.32 per […] Key Points
ThePrintMarkets fall in early trade ahead of RBI policy announcement; Sensex tumble nearly 200 points
Tech Mahindra, JSW Steel, L&T, Tata Steel and Axis Bank among major laggards. Benchmark equity indices Sensex and Nifty retreated from their record peaks and... Key Points
The Tribune IndiaRBI flags inflation risks, keeps repo rate unchanged at 6.5 per cent
The rate increase cycle was paused in April last year after six consecutive rate hikes. The Reserve Bank of India on Friday decided to keep policy rate unchanged... Key Points
The Tribune India
Sensex gains marginally to scale new peak after RBI policy
The six-member rate-setting panel of RBI expressed concerns over food inflation, given IMD’s prediction of above-normal maximum temperatures during... Key Points
The Tribune IndiaKey takeaways from MPC meet: RBI keeps interest rates, inflation & GDP unchanged, but has a warning for gr
Reserve Bank of India Governor Shaktikanta Das announced the Monetary Policy Committee's decision to maintain interest rates at 6.5%. With a 5:1 majority, the committee opts to retain the stance of 'withdrawal of accommodation'. Das stresses on returning India's retail inflation to a sustained 4%. Analysts anticipate MPC aligning with cautious policies of US and UK central banks. Key Points
Economic TimesRBI MPC: GDP growth for 2024-25 projected to be 7%, says Gov Shaktikanta Das
RBI MPC announcements: Real GDP for 2024-25 Q1 is projected at 7.1 per cent. The projection has been slightly altered from the 7.2 per cent the apex bank estimated in the February MPC announcements. Key Points
Business TodayRBI MPC keeps FY25 GDP forecast unchanged at 7%, flags worries of high global debt spilling over
The Reserve Bank of India's Monetary Policy Committee maintains a positive outlook for FY25, retaining the real GDP growth forecast at 7%. Q1FY25 growth is expected at 7.1%, Q2 at 6.9%, and Q3/Q4 at 7% each. Benchmark lending rates remain steady at 6.5% for the seventh consecutive time. Governor Das highlights favorable growth and inflation dynamics Key Points
Economic TimesRBI MPC Meet: Will RBI to keep repo rate unchanged at 6.50%? 5 points to note
The current repo rate is 6.50%, which was last updated on February 8, 2023. Since then the RBI decided to keep the rate unchanged. The last time the repo rate was changed from 6.25% to 6.50% in February 2023. Key Points
Business Today
Status quo for the 7th time? RBI MPC may not let rains ruin repo rate, stance this time around
The RBI MPC is expected to maintain the repo rate at 6.5 per cent, focusing on 'withdrawal of accommodation' stance, as per economists. If the RBI sticks to the current rates, it will mark the seventh consecutive time the key lending rate remains unchanged. RBI Governor Shaktikanta Das will reveal the outcome of the bimonthly meeting that began on April 3, with the decision scheduled for April 5 at 10 am. Key Points
Economic TimesTesla stock declines over 5% on sharp fall in Q1 sales, rival EV makers tumble
Shares of Elon Musk-led Tesla were 5.3 per cent down at USD 165.98 at midday on Tuesday. The company lost about USD 30 billion in market value Key Points
mintRBI MPC: SBI says rate cuts might take place only in Q3 FY25
RBI MPC meeting: The SBI report added that inflation is expected to decline till July, but increase after that to reach a peak of 5.4 per cent in September, followed by a deceleration. Key Points
Business TodayJust 5 per cent may purchase electric cars this year, most want EVs under Rs 10 lakh: Survey
The survey by LocalCircles said that just 5% may buy electric cars this year out of 4 million total car sales. Majority of the respondents were interested at Rs 8-10 lakh. Of the 40,000 respondents who participated in the survey, 42 per cent are from tier-1 cities, 34 per cent from tier 2 and the remaining 24 per cent from tier-3, 4 and rural areas. Key Points
Economic TimesIndia to be fastest growing economy among G-20 nations in 2024, all big rating agencies revised country's growth upwards
New Delhi [India], March 31 (ANI): India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. On Saturday, finance minister Nirmala Sitharaman said in an event at […] Key Points
ThePrint