India's GDP for the three-month period ended September 30 grew 7.4%.
Food prices are also expected to move up due to the poor monsoons.
Central bank sees action as discriminatory, unfair
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
And he's willing to spend more, discovers Nikita Puri.
CRR remains unchanged at 4%; first repo rate cut since May 2013.
Summary of sports events and persons who made news on Friday
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The decline in the quantum of PE investment in realty sector was due to to less number of deals (13 in H1 2013) as the average ticket size of deals remained same. In first half of 2012, there were 19 PE deals.
And what happens next?
Devangshu Datta highlights the silver lining for the long-term investor.
Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers.
Rajneesh Gupta brings you all the numbers from the 52 games in IPL-12.
Over 700,000 new investor accounts have been opened so far in FY15.
In a show of strength, Bharatiya Janata Party bulldozed the opposition - the Nationalist Congress Party, Congress and estranged ally Shiv Sena -- to wrest power in the state.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
Data from Tamil Naduindicates that NEET favours likely CBSE students. CBSE students took every third seat available in government medical colleges in the state.
This classification of districts is to be followed by states and union terrotories till a week post May 3, when the second phase of lockdown will end, for containment operations.
Shah Rukh Khan's next film has set new box office records with its stunning collections.
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
Bhatnagar is expected to take charge of the CRPF later this week as he is on an official assignment in Indonesia in the capacity of NCB DG.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
'Policy was more in line with the expectations.'
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
You must remain invested in bank deposits, unless you are considering the idea of earning higher returns by moving to gilt or liquid funds, says Adhil Shetty, CEO, BankBazaar.com.
Chief Minister Yogi Adityanath who went on a whirlwind tour of the state to ensure the victory of his party candidates, described it as a "historic win". He attributed the victory to Prime Minister Narendra Modi's vision and BJP chief Amit Shah's guidance.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
RIL has more than half a dozen undeveloped discoveries.
Analysts have started talking about at least a 25 bps cut immediately.
14 Gifts Every Woman Actually Wants This Women's Day
The 30-share Sensex ended 79 points lower at 26,909 and the 50-share Nifty closed 25 points lower at 8,102.
Governor's statements will be weighed to gauge confidence level.
A summary of sports events and sports persons, who made news on Friday
RBI has, since January, cut its policy rate four times.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
