Buying enthusiasm picked up later in the session as the Sensex climbed 266.47 points to settle at 83,580.40 while Nifty 50 advanced 50.90 points to close 25,693.70. Among the sectors, PSU Bank, IT, pharma slipped while FMCG oil & gas, consumer durables, Private Banks, realty rose.
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 rema
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 Dha
"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.
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 openi
The Reserve Bank of India (RBI) proposed significant regulatory easing for Non-Banking Financial Companies (NBFCs) to promote ease of doing business while maintaining strong sectoral growth.
Economists and market experts on Friday said the Reserve Bank of India's (RBI) decision to keep the policy repo rate unchanged at 5.25 per cent and maintain a neutral stance was largely in line with expectations, with many highlighting a likely shift in policy focus towards liquidity managem
The recently concluded India-EU Free Trade Agreement (FTA) and the prospective India-US trade deal, along with several other trade agreements, will support exports over the medium term, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that banks will be allowed to lend directly to Real Estate Investment Trusts (REITs), as the central bank moves to improve financing access for the real estate sector.
Reserve Bank of India Governor Sanjay Malhotra on Friday proposed to issue three draft guidelines for customer protection: one, relating to mis-selling; two, regarding recovery of loans and engagement of recovery agents; and three, on limiting liability of customers in unauthorised electroni
Reserve Bank of India Governor Sanjay Malhotra on Friday announced a set of measures aimed at enhancing customer protection, advancing financial inclusion, enhance flow of credit, strengthening urban cooperative banks (UCBs), promoting ease of doing business for NBFCs, and deepening financia
The Reserve Bank of India (RBI) on Friday projected retail inflation for the current fiscal year (2025-26) at 2.1 per cent, even as it flagged potential "upside risks" from geopolitical tensions and volatile energy prices.