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Sensex and Nifty close 582 and 180 points down after RBI keeps rates uncha
Updated : 1 year, 7 months ago IST
The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
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A rate cut is unlikely before December, it may even be pushed back furthe
Updated : 1 year, 7 months ago IST
BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone
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Premature to talk about US recession based on one-month data: RBI Governor
Updated : 1 year, 7 months ago IST
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
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Bangladesh crisis presents opportunity to Indian garment makers: CareEdge
Updated : 1 year, 7 months ago IST
Recent political upheavals and social unrest in Bangladesh, which is the second largest exporter of readymade garment, present an opportunity for the Indian garment makers, asserted CareEdge Ratings in a report.
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"Silver medal is her right; PM Modi should talk to IOC," says Rajpal Rathi
Updated : 1 year, 7 months ago IST
After Indian wrestler Vinesh Phogat was disqualified from the finals of the 50 kg women's wrestling event, her father-in-law, Rajpal Rathi said that the Silver medal is her right and urged Prime Minister Narendra Modi to talk to the International Olympic Committee in this regard.
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Economists & Industry welcomed RBI's decision of no rate cut amid conc
Updated : 1 year, 7 months ago IST
Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
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Repo rate remains unchanged at 6.5 per cent for ninth consecutive time: RB
Updated : 1 year, 7 months ago IST
Governor Das stated, "After a detailed assessment of the evolving macroeconomic and financial conditions and the overall outlook. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent."
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RBI to release policy at 10 am today, rate change unlikely: experts
Updated : 1 year, 7 months ago IST
RBI Governor Shaktikanta Das to deliver the monetary policy statement on Thursday at 10:00 am, following the Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting, the post-policy press conference scheduled to be telecast at 12:00 pm on the same day.
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India's economic momentum stays strong with composite PMI at 60.7 in July
Updated : 1 year, 7 months ago IST
The Services PMI, recorded 60.3 in July 2024, has consistently held above the 60-mark for seven consecutive months. This sustained performance is attributed to strong demand, increased investment in technology, and new business gains.
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Gold shines as demand for safe haven asset strong; Infomerics Ratings anti
Updated : 1 year, 7 months ago IST
The dragged geopolitical crisis in the Middle East has spurred a rush into safe-haven assets such as gold. Historically, gold, as an asset, is considered a haven as it typically manages to retain or appreciate its underlying value in times of turbulence.
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Freedom Sales: Unmatched Discounts on TECNO Smartphones
Updated : 1 year, 7 months ago IST
New Delhi [India], August 7: TECNO, the global smartphone brand, brings customers mind-blowing deals on its popular smartphones through the Amazon Great Freedom Festival Sale 2024. To commemorate India's freedom, TECNO and Amazon are partnering from 6th August to 11th August for an incredibl
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Affordable Bike Loans Available on Bajaj Markets
Updated : 1 year, 7 months ago IST
Pune (Maharashtra) [India], August 7: Bajaj Markets, a reliable digital financial marketplace, is making two-wheeler ownership easier by facilitating affordable bike loans. With interest rates starting at just 0.99 per cent p.a., the platform allows customers to finance up to 100 per cent of
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