Mumbai, Feb 7 (UNI) The BSE Sensex remained negative for the third straight session on Friday, tumbling down 197.97 pts to settle at 77,860.19 as selling pressure was seen in Oil and Gas, FMCG, Energy and Industrial stocks. The National Stock Exchange (NSE) fell 43.40 pts at 23,559.95. High volatility was seen during the day,…
New Delhi, Feb 7 (UNI) Within a week of major relief in the income tax for up to Rs 12 lakh in the Union Budget, reversal of policy interest rates by the Reserve Bank of India by 25 bps (first time in 5 years) will act as a “catalyst” for boosting demand across various sectors,…
New Delhi, Feb 7 (UNI) The Indian economy continues to remain “strong and resilient” despite challenging global economic backdrop, but did not remain immune to these global headwinds, with the Indian Rupee coming under depreciation pressure in the recent months, says Reserve Bank of India. The Indian rupee (INR) depreciated by 3.2 per cent against…
New Delhi, Feb 7 (UNI) Amid surge in digital frauds, the Reserve Bank of India (RBI) has asked banks and other Non-banking Financial Corporations (NBFCs) to continuously improve preventive and detective controls to mitigate cyber risks. “The rapid digitalisation of financial services has brought convenience and efficiency but has also increased exposure to cyber threats…
New Delhi, Feb 7 (UNI) The industry has hailed first rate by the Reserve Bank of India (RBI) first in five years by 25 bps from 6.50% to 6.25%, saying this coupled with relief in the income tax announced in the Union Budget will spur demand for homes and other activities leading to increase in…
New Delhi, Feb 7 (UNI) Welcoming the Monetary Policy Committee’s (MPC) decision to cut repo rate, industry captains on Friday said that the move would provide relief to home loan borrowers, boost consumption, lift consumer sentiments and help the India story. “The Reserve Bank of India’s (RBI) decision to reduce the repo rate by 25…
New Delhi, Feb 7 (UNI) Amid easing inflation pressure, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Friday decided to cut policy repo rate by 0.25% to 6.25% raising hopes of relief in loan EMIs. The RBI has cut the key interest rate in nearly five years. “After detailed assessment of the…
Mumbai, Feb 6 (UNI) The BSE Sensex on Thursday lost further by 213.12 pts to settle at 78,058.16 as selling was witnessed in Realty, Consumer Durable and Telecommunication stocks. Investors await the RBI’s Monetary policy to be announced on Friday. The National Stock Exchange (NSE) fell 92.95 pts at 23,603.35. The BSE Sensex surged 242…
New Delhi, Feb 6 (UNI) Global aerospace company, Boeing has said in a forecast that India and South Asia’s commercial airplane fleet will grow nearly four-fold over the next 20 years, building on sustained fleet growth throughout the last decade. Continued growth will be fueled by greater demand and a rise in the region’s air…
New Delhi, Feb 6 (UNI) Telecom major Bharti Airtel on Thursday announced 121 percent year-on-year jump in consolidated net income (before exceptional items) at Rs 5,514 crore during the third quarter of current financial year. Bharti Airtel posted consolidated quarterly revenues of Rs 45,129 crore, up 19.1 percent YoY driven by strong underlying momentum in…
