Once home to 30,000 workers and a major contributor to the regional economy, the now-abandoned complex reflects a deeper malaise in China's manufacturing sector, a crisis rooted in corruption, erratic governance, and dwindling investor confidence, as reported by Daily Mirror Online.
Anant Goenka, President, of industry chamber FICCI welcomed the RBI's decision to reduce the repo rate by 25 basis points, asserting that this calibrated easing will help stimulate credit offtake.
Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank will study the pros and cons of the markets regulator Securities and Exchange Board of India's (SEBI) proposal that observed that the banks be allowed to foray into non-agricultural derivatives.
This comes after continuous airline operational disruptions nationwide, with over 500 IndiGo flights delayed or cancelled on Friday, according to the latest report, causing severe inconvenience to travellers.
"The accompanying liquidity-enhancing measures, including open market purchases and forex swaps, underscore the growth-supportive nature of this policy decision. The repo rate cut is expected to support growth next fiscal, as monetary policy typically has a lagged effect."
Speaking to ANI, P Chidambaram said, "This was expected because according to RBI and government data, the inflation has come down. Wholesale Inflation has also come down, and there is enough liquidity. Therefore, this was expected that the RBI cut the policy rate by 25 basis points. It sh
Mumbai (Maharashtra) [India], December 5: Edelweiss Life Insurance reported its highest-ever Claim Settlement Ratio of 99.29% in FY25. The claim settlement ratio measures the percentage of death claims paid out versus total claims received, serving as a key indicator of an insurer's reliabil
"It is a constitutional obligation of the Court to examine that in the framing of policy, no law is violated, nor are people's fundamental rights transgressed..." With this principle, the Delhi High Court on has dismissed the petitions filed by CISF recruits who were terminated during pro
Pune (Maharashtra) [India], December 5: The Pioneering Energy Efficiency forum by Alfa Laval in collaboration with The Swedish Chamber of Commerce and Industry (SCCI) in India saw the convergence of policy makers, global industry leaders, technologists and academia as they exchanged views on
"In the recent past, as a result of, inter alia, receipt of a large number of grievances, pendency with the RBI Ombudsman has increased. We propose to hold a two-month campaign from 1st January next year with an aim to resolve all grievances pending for more than a month with the RBI Ombudsm
New Delhi [India], December 5: Axis Max Life Insurance Limited ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, has reported a 52% two-year Compound Annual Growth Rate ("CAGR") in H1 FY26 for its business sourced through the E-Commerce Channel. Buoyed by t
RBI Governor Sanjay Malhotra on Friday characterised India's current macroeconomic moment as a "rare goldilocks period", that currently marks high economic growth and exceptionally low inflation.