Business

Principal Economist at Crisil, said the Monetary Policy Committee's (MPC) decision was in line with expectations and underscored a cautious wait-and-watch approach. She noted that the MPC is factoring in a likely rise in inflation in the first half of the next fiscal year even as growth remains strong. Upcoming revisions to the consumer price index (CPI) and gross domestic product (GDP) series, following changes in methodology and base year, also warrant caution, she added.

Air India continues its transition into a world-class global airline with an Indian heart. "So for the last four years, everyone at Air India has been working really hard to create a new Air India, a world-class global airline with an Indian heart....there's been a lot of work behind the scenes, but this year is the year where it really starts coming to the forefront," Air India CEO Campbell Wilson said.

The Reserve Bank of India's (RBI) latest Monetary Policy Committee (MPC) decision reflects confidence in the country's growth-inflation dynamics, with stable economic momentum and a gradual normalisation of inflation supporting the continuation of a neutral policy stance, according to Dharmakirti Joshi, Chief Economist at CRISIL.

"It will help the real estate sector and the REITs. There is already a framework for lending by the banks to the real estate, only through companies and other legal entities. That lending was not allowed to be done in case the borrower was a trust," Governor Malhotra said.

Vidarbha is poised to re-emerge as a central pillar of India's economic and cultural growth, driven by large-scale infrastructure projects and a strategic focus on energy and logistics, stated Jeet Adani, Director for Adani Airports and head of Adani Digital Labs.

Anshuman Magazine, Chairman & CEO for India, South-East Asia, Middle East & Africa at CBRE, welcomed the move, stating it will provide a "major boost" to these investment tools. He noted that the change will "make it easier for the trusts to raise funds at relatively cheaper rates." By opening up bank loans, REITs can now move away from their reliance on more expensive ways of borrowing. Magazine added that with this new access, REITs will have a "diversified funding base, making them less vulnerable to capital market volatility."