Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
Gold monetisation scheme will help unlock value of gold.
Sharp improvement in refining margin is expected to be the prime driving force.
RBI, in its first bi-monthly monetary policy statement, left the short-term lending rate, or repo rate, unchanged at 8 per cent and the cash reserve ratio static at 4 per cent.
Audio intercepts of telephone calls was played by the Delhi police, on Tuesday, in a Delhi court to buttress its claim about the nexus between underworld don Dawood Ibrahim and bookies in the IPL spot-fixing scandal.
The Chinese smartphone maker's focus on offline retail has helped it overtake Samsung in top 50 cities in India.
Sneh Prakash Bansal and his panel, as expected, cruised to a landslide victory over former India skipper Bishan Singh Bedi and his team in the Delhi & Districts Cricket Association polls on Tuesday. Bansal defeated the spin wizard in the contest for the DDCA president's post by a whopping 70 percent margin.
Xiaomi has unveiled its flagship Mi5 handset, priced at Rs 24,999.
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.
Former Union Minister P K Thungon was on Monday awarded a four-and-a-half year jail term by a Delhi court in connection with a case lodged in 1998 pertaining to misappropriation of Rs 2 crore released by the Centre.
Dealers expect prices to fall further, owing to an impending rate hike in the US
The appointment of former judge of Allahabad High Court Justice Virendra Singh as Uttar Pradesh Lokayukta was on Saturday put on hold after the Supreme Court held a special sitting on a holiday and posed embarrassing questions to the Samajwadi Party government, which was accused of concealing facts and "playing fraud".
RBI has taken a balanced approach in the credit policy considering various developments across the globe and their near term impact.
Suspended cricketer Ajit Chandila and two others have been granted bail in the IPL spot-fixing case by a Delhi court.
India's gold imports could pick up in the next few months after slumping 81 percent in June as falling prices spur buying, a government source said, adding to New Delhi's anxiety over a record-low rupee and a wide current account deficit.
The New Year began on a violent note in Mumbai after Central Railway suburban services in Mumbai were disrupted on Friday morning between Diva and Mumbra.
Suspended cricketer Ajit Chandila, arrested in connection with the IPL spot-fixing scandal, on Monday claimed in a Delhi court that he has been "falsely implicated" in the case and there was no evidence of his alleged links with either underworld don Dawood Ibrahim or Chhota Shakeel.
India Inc expects the RBI to cut interest rates by early next year.
In its complaint, Sebi had alleged that despite a public notice of December 18, 1997, accused had failed to get the CIS registered with Sebi or wind up the schemes or repay the amount collected from investors in terms of CIS regulations.
CBI sources said that Kumar has been charged with abusing his official position to award contracts to M/s Endeavour Systems Pvt Ltd and securing government tenders worth Rs 9.5 crore between 2007 and 2014 for the company.
Directing the agency to return the documents as sought by the Delhi government, he said 'any recognition of absolute immunity and unlimited powers will tantamount to recognition of 'divine power' which no authority on earth can enjoy.
The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
Vikramank Singh looks back at the year gone by!
The Niti Aayog has finalised the first draft of a new national energy policy.
The linking of biometric UID/Aadhaar number to all public services makes "We, the People of India" worse than slaves, says Gopal Krishna.
'Young Indians are reading, but the wrong stuff.' 'They are reading and sharing Pappu jokes, Alia Bhatt memes and all the irrelevant material online.' 'My aim is to get them interested in books.'
Prasanna D Zore/Rediff.com visits this Delhi slum where the administration demolished 1,200 shanties, resulting in a baby's death.
The San Francisco-based giant has acquired a Delhi-based company.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
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