NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, marking its third rate cut this year. Alongside, the Cash Reserve Ratio (CRR) has also been reduced by 1% to 3%, injecting Rs 2.5 lakh crore into the banking system. While this move brings relief…
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must…
The RBI has now cumulatively cut the repo rate by 100 basis points since the start of this year. (AI image) RBI MPC Meet: RBI governor Sanjay Malhotra surprised everyone pleasantly by cutting the repo rate by a larger-than-expected 50 basis points. Experts had widely predicted a 25 basis points rate cut, barring exceptions like…
Vijay Mallya appeared in a podcast. NEW DELHI: Vijay Mallya, the prominent business figure, extended an uncommon public apology regarding Kingfisher Airlines‘ downfall, whilst firmly rejecting theft accusations and explaining his absence from India.Making an appearance in a lenghthy four-hour podcast with Raj Shamani, Mallya accepted responsibility for the collapse of the airline that once…
Gold’s recent price action indicates exhaustion at higher levels, creating an ideal setup for contrarian traders. (AI image) Gold price prediction today: Gold prices have been rising, but are also below their record low. Gold rate rise is showing signs of exhaustion. Where are MCX Gold prices headed and what should investors do? Should they…
JP Morgan has an overweight rating on Reliance Industries with a price target of Rs 1,568. Analysts feel that RIL’s Earnings in the next two years should be better than the last two. They said that RIL’s stock price has felt the pressure of large earnings cuts driven by weaker commodity EBIT (earnings before interest…
Investor confidence appears shaken, resulting in substantial paper losses for Musk’s personal Tesla shareholding, dropping $20 billion in a single day. (AI image) Tesla share price crash: Elon Musk and Donald Trump’s escalating spat has wiped out a whopping $150 billion from Tesla’s market cap. Tesla’s share price crashed over 14% as shareholders hastily sold…
BENGALURU: India’s quick commerce market is set to triple in size by 2027, reaching Rs 1.5-1.7 lakh crore. However, the segment’s rapid growth is exposing structural cracks in pricing, workforce stability, and profitability, a report by consulting firm Kearney said.The report, published on Thursday, showed that while quick commerce expanded beyond impulse buys to staples…
MUMBAI: Two promoter entities of financial services major Bajaj Finserv are set to sell nearly 2% of the company through block deals on Friday, aiming to raise about Rs 5,800 crore ($679 million). Bajaj Holdings & Investment and Jamnalal Sons have put 3.1 crore Bajaj Finserv shares on the block at a base price of…
India and Italy on Thursday said a meeting will shortly be held in Mumbai to push forward India-Middle East-Mumbai Economic Corridor, which has been affected by the tension in West Asia. Commerce & industry minister Piyush Goyal said issues around financing and other aspects will be discussed. Source link
