The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
Defending champions Karnataka also remained in the hunt for the last-eight berth, securing a five-wicket win over Uttar Pradesh that took their net run-rate to 0.292.
Another interesting group will be Elite group A that has Gujarat, Punjab, Himachal Pradesh, Madhya Pradesh, Services and Assam.
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.
A round-up of Ranji matches played on Thursday.
A security guard posted at the Station Road branch of Bank of Baroda in Bareilly on Friday allegedly opened fire at a customer who was trying to force his way inside without a mask, the police said.
BJP candidate and former chief minister Bhajan Lal's grandson Bhavya Bishnoi on Sunday defeated his nearest rival and Congress nominee Jai Prakash in the Adampur assembly seat by-election, retaining the family bastion.
In an act of gamesmanship, pacers, right-arm quick Harshit Rana (1/27 in 3 overs) and left-arm seamer Kuldip Yadav (2/27 in 3 overs) also wasted time, either faking cramps or tying shoelaces or not delivering the ball even after completing the action.
Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters. In the June quarter, Bank of Maharashtra (BoM) and State Bank of India (SBI) were in the lowest quartile as far as Gross Non Performing Assets (NPAs) and net NPAs were concerned, according to an analysis of the quarterly financial numbers published by the public sector lenders. Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent. However, leading public sector lenders -- SBI and PNB -- posted lower profits in the June quarter.
Dinesh Karthik continues to be the undisputed leader of Tamil Nadu cricket
Banks looking to raise capital via bond sales to fund decade-high credit growth were compelled to put some of these debt issuances on hold amid a sharp rise in yields since late September, sources told Business Standard. A major private lender, Axis Bank, has not yet followed through with a planned issuance of infrastructure bonds worth around Rs 3,000 crore. This is because volatility in the bond market in late September led to investors seeking higher yields, sources said.
There was a rush of people on the bridge, which was reopened for the public just four days ago following the renovation work, when it snapped around 6.30 pm, officials said.
Hardik Pandya led Gujarat Titans to the title in its maiden season while KL Rahul, Shreyas Iyer, and Sanju Samson too did a commendable job in IPL 2022
All-rounder Deepak Hooda says his childhood dream was realised when he received the India cap from Virat Kohli during the first ODI against the West Indies last week.
A round-up of the Syed Mushtaq Ali Trophy T20 matches on Tuesday.
A summary of Day 2 action in the Ranji Trophy matches, played at various venues across the country.
Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said. The central bank has already announced to gradually withdraw its accommodative monetary policy stance. The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- will meet for three days from August 3 to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
Nagaland's scorecard resembled a telephone number, 0, 7, 0, 0, 0, 1, 0, 7, 10, 0 and 0 not out as they crashed for 25 against Uttarakhand.
Karnataka looked set to secure a big first innings lead against Goa despite fighting half-centuries by three of the home team's batters on day three of their Elite Group C match in Porvorim, on Thursday.
A summary of the Ranji Trophy matches played on Wednesday.
A depreciating rupee, which briefly hit 80 to the dollar on Tuesday, may boost India's exports but price-inelastic imports of crude oil and gold would mean limited relief on the trade deficit, which clocked a record $26.2 billion in June. Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee. And, with other currencies depreciating, India's comparative advantage in this respect may be limited.
The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.
Hardik Pandya has his "thinking cap on" this season, says Sunil Gavaskar. That's why the Gujarat Titans skipper is batting with discipline and making good use of field restrictions, says the legendary batter.
While the collapse of a large financial intermediary can wreak havoc on the system because of the interconnectivity, a large business conglomerate too can play spoilsport if the banks have too much exposure to the entity, explains Tamal Bandyopadhyay.
Despite Gaikward's brilliance, Maharashtra could not qualify for the knockout stages of the competition.
The left-hander smashed a 113-ball 151 (8x4, 10x6) to power Madhya Pradesh to victory.
The rating agency revised the outlook for EXIM, SBI, Bank of Baroda, Bank of Baroda (New Zealand), Bank of India, Canara Bank, Punjab National Bank, ICICI Bank, Axis Bank while affirming their ratings. At the same time, Fitch has affirmed IDBI Bank Ltd's (IDBI) rating, while maintaining the outlook at negative.
For MP, Saransh Jain, Kumar Kartikeya and Anubhav Agarwal also took two wickets apiece. MP got seven points from the win. The outright-winning team gets six points while a victory of an innings or 10-wickets fetches seven points.
A round up of the fourth and final day's action of the Ranji Trophy matches on Sunday.
BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
A summary of all the action from Day 2 of the Ranji Trophy matches played on Wednesday.
Fresh from his exploits in Mumbai's maiden Syed Mushtaq Ali T20 triumph, Kotian got down to business after his pace colleagues Tushar Desphande (2/23) and Mohit Avasthi (1/29) handed Bengal early blows.
This is following revival of demand from the corporate sector and small and medium enterprises (SMEs), even as a nascent economic recovery is taking shape. Credit growth of scheduled commercial banks had accelerated to 9.2 per cent year-on-year (YoY) by the end of December 2021 after breaching the 7 per cent-mark in November, for the first time since April 2020.
Think you know everything about Jyotiraditya Scindia?
Mumbai play their first game of the 2019-20 Ranji Trophy season against Baroda in Vadodara from December 9.
Political analysts say the Congress appears on the backfoot this time after one of its senior tribal leaders from the region joined the BJP, which has a stronghold in urban areas where civic bodies, leaders and the network required to win the election are firmly with the saffron party.
IMAGES from the T20 World Cup semi-final match played between India and England in Adelaide on Thursday.
Winless in two matches, both India and Afghanistan are out of the tournament and Thursday's match between the two sides in Dubai has been rendered inconsequential.
The Indian team's troubles on Sunday were compounded after all-rounder-turned-specialist batter Hardik Pandya injured his shoulder while batting during the T20 World Cup game against Pakistan, after which he did not come out to field.
Gujarat Chief Minister Narendra Modi said on Thursday that the national highway between Vadodara and Mumbai will be converted into a six-lane highway at a total cost of Rs 1,000 crore (Rs 10 billion).
