A day after the RBI raised the benchmark lending rate by 35 basis points, Kotak Mahindra Bank Managing Director Uday Kotak on Thursday said the central bank may go for one more rate hike to bring inflation below its upper tolerance level of 6 per cent. Yesterday, the RBI indicated that it wants inflation to be within the band first and then move towards the target of 4 per cent, Kotak said at the CII Global Economic Policy Summit 2022. "My sense is that there could be one more rate hike and that may be the time for thinking about a pivot, but we got to watch very closely the data, and maybe around 6.5 per cent as it looks today, subject to what happens to the world, subject to what happens to oil, subject to what happens to many other things," he said.
200 staffers, consisting of RBI officials and support teams, who are essential to perform critical functions, were isolated at a separate facility in a dedicated quarantined environment near all three RBI data centres.
'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'
India's head coach Rahul Dravid doesn't regret one bit playing the four-Test series against Australia on spinner-friendly tracks.
IMAGES from Day 1 of the opening Ashes Test played between England and Australia at Edgbaston in Birmingham on Friday.
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
NITI Aayog has not said what the reasons were for having achieved or not having achieved what was sought to be achieved, or what lessons can be learned for the future, points out Aakar Patel.
Rajneesh Gupta presents all the interesting numbers from Day 4 of the India-England Test at Trent Bridge.
Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.
The draft Companies Bill 2008 has identified the three key managerial positions as chief executive officer, chief finance officer and company secretary. By recognising these three key managerial positions, the Bill is fixing responsibility to bring out a system which is more accountable, transparent and workable, according to an official at the Ministry of Corporate Affairs.
A bench of Justices KM Joseph, Aniruddha Bose and Hrishikesh Roy said that the court is accepting the report of the Inquiring Judge, who had inquired into the claim of juvenility of convict Narayan Chetanram Chaudhary.
Seven of the meetings will be held in late November or early December at the finance ministry, as is the norm.
India's economy continues to be robust, but downside risks such as rising crude oil prices, adverse weather conditions, and the global banking crisis outweigh the upside potential in gross domestic product (GDP) growth in the current financial year (FY24), the finance ministry said on Tuesday in its Monthly Economic Review for March. "We reiterate that downside risks to our official forecast of 6.5 per cent for real GDP growth in FY24 dominate upside risks," the review said. "Opec's surprise production cut has seen oil prices rise in April, off their lows of low-seventies per barrel in March.
The next annual budget of India will have to be very carefully structured to sustain the country's growth momentum, Union Finance Minister Nirmala Sitharaman said on Tuesday, noting that it will also address inflation concerns. Visiting Washington DC to attend the annual meeting of the International Monetary Fund and the World Bank, the finance minister was responding to a question on the next year's Budget at a fire-side chat with eminent economist Eshwar Prasad at the prestigious Brookings Institute. "Specifics (of the next Budget) may be difficult at this stage because it's a bit too early. "But broadly, the growth priorities will be kept absolutely on the top. "Even as I speak about the concerns that inflation brings before me. So, inflation concerns will have to be addressed. "But then how would you manage growth would be the natural question," Sitharaman said.
The 2022-23 (FY23) January-March quarter performance of the country's largest listed paint companies was better than Street expectations. Asian Paints, Berger Paints, and Kansai Nerolac Paints (Kansai Nerolac) registered double-digit revenue growth, compared with the year-ago quarter, reinforced by strong volume/value growth. Falling raw material prices also helped the paint majors hoist their gross margins.
The bench issued notice to the incumbent Secretary (Justice) of the Union Law Ministry seeking response on a plea alleging "wilful disobedience" of time frame laid down to facilitate timely appointment in the apex court's April 20 last year order .
The states have outstanding liabilities of a whopping Rs 59,89,360 crore as on March 31, 2021, and the new sources of risk have emerged in the form of rising expenditure on non-merit freebies, the Supreme Court was told on Thursday by a PIL petitioner opposing irrational handouts.
South Africa need seven more wickets to win the third Test at the Wanderers and sweep the series after Pakistan were 153 for three wickets at the close of play on Sunday, still 228 runs short of a daunting winning target.
IMAGES from Day 2 of the rescheduled 5th Test between England and India at Edgbaston in Birmingham on Saturday.
Known as the Queen of Rock 'n' Roll for her blistering performances and powerfully gritty vocals, Tina Turner died on May 24 after a long illness. She was 83.
His duel with India stalwart Virat Kohli will be an interesting sub-plot of the match.
Traders' body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc, including Ratan Tata, Azim Premji, Gautam Adani, Ajay Piramal, Anand Mahindra and Sunil Bharti Mittal seeking their support in its campaign to boycott Chinese goods. The Confederation of All India Traders (CAIT) also urged Kumar Mangalam Birla, Vikram Kirloskar, Rahul Bajaj, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia, Madhukar Parekh, Harsh Mariwala, Satish Reddy and Pankaj Patel, among other prominent industrialists, to join its 'Bhartiya Samaan-Humaara Abhimaan' campaign.
Chief Justice of India (CJI) D Y Chandrachud's first 100 days in office saw the Supreme Court take a giant leap towards reforms, especially making courts more technology-friendly, and ensuring relatively fast judicial appointments including those of eight judges to the apex court.
BSE Sensex oscillating in a broad range of 400 points between a high of 22,680 and a low of 22,284 before ending at 22,417, down 48 points and the Nifty ended just short of the technically important level of 6670 at 6696, down 18 points.
Stoinis reached his half-century in just 17 balls and finished with an 18-ball 59* much to the delight of the Australian fans at home in this knock decorated by four boundaries and six sixes
Top England cricketers are in line for million-dollar deals in the next auction of the Indian Premier League after their side's dominating performance against India in the recent series, according to a report.
What is noticeable in both movies is the willingness with which both the ageing stars -- Kamal is 68 and Rajini, four years older at 72 with a kidney transplant that he has not shied away from acknowledging -- have learnt to respect their age and bodies, notes N Sathiya Moorthy.
The team heard a loud crackle. Then the scream came from Dilshan at the front of the bus. 'Get down.' Jayawardene was hit first; his sock filled with blood. Outside, twelve gunmen blocked the exit. A revealing excerpt from Nicholas Brookes's An Island's Eleven: A History of Cricket in Sri Lanka.
IndusInd Bank was the top loser in the Sensex pack, shedding over 3 per cent, followed by Tata Steel, HUL, Asian Paints, Titan and SBI.
The mask can potentially be worn longer, causing less plastic waste as it does not need to be replaced as frequently, the researchers said.
New Zealand built a lead of 238 with three second innings wickets remaining on Monday heading into a delicately poised final day of the second Test against England in Nottingham.
Senior India batter Cheteshwar Pujara, set to play his 100th Test in Delhi on Friday, is not concerned about the chatter regarding his age and how long he will continue to play. The 35-year-old says he hasn't set a retirement date and would like to take it one match at a time.
Brokerages expect India Inc to report an upturn in earnings for the March quarter of 2022-23, after a relatively muted showing in the previous two quarters. This growth is expected to be led by banking, financial services and insurance (BFSI) companies, FMCG firms, and automobile makers. The combined net profit of the Nifty50 companies (excluding Adani Enterprises) is expected to have grown 15.6 per cent to Rs 1.77 trillion in Q4FY23, from Rs 1.53 trillion a year ago.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
Pakistan's top military commanders have discussed the likely implications of the leaked report of the Abbottabad Commission which has made a series of stinging remarks against the country's powerful security establishment.
Average wages paid by listed companies is more than twice the salaries paid by other enterprises, points out Mahesh Vyas.
Maruti Suzuki says it has sold at least one car in 418,000 villages.
The 30-share BSE Sensex closed at 20,822 down 72 points after touching a high of 21142.85 while the broader 50-share Nifty index closed at 6,187 levels down 27 points; the index touched a high of 6,289 today.
Pakistan opener Abid Ali scored a half-century but England's seam bowlers used the muggy conditions to their advantage to restrict the tourists to 126 for five at the close of a rain-hit opening day of the second Test at the Rose Bowl on Thursday.
Bharatiya Janata Party president J P Nadda on Thursday met leaders of the party's allies in Uttar Pradesh -- Anupriya Patel of the Apna Dal-S and Sanjay Nishad of the Nishad party -- at his residence in New Delhi as part of its government formation exercise.
