The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. Photograph: ANI Photo The rate increase cycle
Benchmark Sensex and Nifty rebounded to close at their new lifetime highs on Friday after the Reserve Bank raised the growth forecast for the current fiscal and kept policy rates unchanged, triggering heavy buying in banking and other rate-sensitive stocks.
India’s foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months. Photograph: Kham/Reuters The forex reserves were last above the $600 billion mark on August 11 this
The Supreme Court on Friday refused to entertain former ICICI bank managing director and CEO Chanda Kochhar’s plea seeking retirement benefits from the bank. Photograph: PTI Photo from the Rediff Archives A bench of Justices Sanjiv Khanna and SVN Bhatti
The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. The fall in group premium and change in taxation norms
In a major decision, the RBI on Friday announced that UPI payment limit to hospitals and educational institutions will be raised to Rs 5 lakh from Rs 1 lakh at present and hiked the cap for e-mandates for recurring payments
The next spectrum auction will be held in late February 2024 and the reserve price for most bands will remain the same as the 2022 auction, department of telecommunications (DoT) officials have said. The government expects operators to go for
The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge
Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies — in August and in October — first with action and then with words. Photograph: PTI Photo from the Rediff Archives In August,
Luxury carmaker Lamborghini has announced that its hybrid super sports car, Revuelto, is sold out in India and globally for 2024. The strong demand for the Revuelto is driven by a growing number of new customers, including a 20 per
