Economy News

RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24

Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.

Jun 8, 2023

RBI's monetary policy committee begins deliberations on key rates, announcement tomorrow

The panel will announce its decision whether to hold the rates or revise them upwards or cut them tomorrow

Jun 7, 2023

Not a merger, only acquisition of life insurance assets/liabilities of Sahara India Life: SBI Life

It is not a merger of two life insurance companies but only the transfer of life insurance business and policyholder assets and liabilities of Sahara India Life Insurance to it, SBI Life Insurance said on Friday.

Jun 3, 2023

Power to withdraw banknotes lies with Centre, petitioner to Delhi HC on Rs 2K note issue

The Delhi High Court on Tuesday reserved its judgement on a plea filed against the Reserve Bank of India (RBI)'s decision to withdraw Rs 2,000 notes from circulation.

May 31, 2023

Adani Ports Revenue and EBITDA jumps over 20% in FY23

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced its results for the fourth quarter and year ended March 31, 2023.

May 31, 2023

K'taka shocker: Youth orders second-hand iPhone online; murders delivery boy, disposes body after 3 days

Giant or Gig Economy? Quick-commerce spurs gig jobs in India, 68% rise in delivery job seekers

With the expansion of quick-commerce services, the delivery jobs are back in demand in India and there was a 68 per cent rise in job seeker interest for delivery executive positions from April 2021 to April 2023, a report showed on Wednesday.

May 24, 2023

New Delhi: Congress senior leader Jairam Ramesh

Congress questions SEBI's move on rule barring investment by opaque funds abroad

The Congress on Tuesday once again took a swipe at the government, alleged that a rule prohibiting investment by opaque funds was done away with by the SEBI on "weak grounds"

May 24, 2023

Only 10 of Rs 2,000 notes can be exchanged per account holder at a time: RBI

Announcing the decision to withdraw Rs 2,000 denomination notes from circulation, the Reserve Bank of India (RBI) has asked banks not to issue such notes with immediate effect.

May 20, 2023

Demonetisation again? RBI asks people to return or deposit Rs 2,000 currency notes in banks by Sept 30

The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

May 19, 2023

India's growth to hold at 5.8% keeping top spot: UN

The UN said on Tuesday that "with many positives", India's economic growth this year is expected to hold at 5.8 per cent, affirming a series of international organisations' projections that the country will be the fastest-growing major economy.

May 17, 2023

Guide to getting into top Business school In the USA

Getting into one of the top business schools in the USA can be a highly competitive process, but with the right preparation and approach, it is possible to increase your chances of being accepted

May 4, 2023

Paytm Wallet now universally acceptable on all UPI QRs, online merchants

India to become 50% non-cash transparent economy in 3 years

India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5 trillion by FY26, a report showed on Thursday.

May 4, 2023

While most global equity markets are rising 5-20% in 2023, India is flat

The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report.

May 3, 2023

India's forex reserves fell by $2 billion, reaches $584.248 billion for week ending Apr 21

It's a significant fall compared to October 2021 when the country's forex reserves had reached an all-time high of $645 billion

Apr 29, 2023

India-US trade rose by 8% in 2022-23, fell 1.5% with China

Exports to the US rose by 2.81 per cent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 per cent to $50.24 billion.

Apr 17, 2023

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