The glamorous Diwali parties have started, and Manish Malhotra set the fashion tone right in the beginning.
Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
With India's inclusion in global bond indices starting next financial year, the central government believes there will be greater scope for shifting to borrowings via long-term government securities (G-sec) from short-term instruments. This change may be factored into the FY25 interim Budget. "While this has been our focus, the inclusion of India in global bond indices gives us the opportunity to accelerate the shift towards longer tenure G-secs," an official said, requesting anonymity.
Many individual states experienced higher inflation than the all-India figures during the financial year 2023-24 (FY24). Retail inflation figures in Telangana, Haryana, Rajasthan and Dadra and Nagar Haveli have been higher than national numbers every month of this financial year, shows a Business Standard analysis of state-wise figures, after the March inflation data was released on Friday. Experts noted that persistent high food inflation along with differences in the weights of rural and urban indices plays into the regional variation in inflation rates.
'The word 'ally' in a coalition is misleading because it suggests someone who is always for you and with you. This is incorrect.' 'They are always for themselves and sometimes with you,' explains Aakar Patel.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
Some of the members of India's 1983 World Cup-winning team celebrated India's victory in the second Test against Australia in Delhi with a dinner at Kapil Dev's residence in Delhi.
A beaming father Chandrapal, said that the son told his mom that he was confident of stopping the legendary MSD on his tracks.
Radhika Madan's new film Sanaa opened at the UK Asian Film Festival on May 11, and the actor has been making fashionable pictures at its promotions.
From Vidya Balan to Ayushmann Khurrana, the who's who of Bollywood turned up at Animal's star-studded success bash.
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
Clad in a yellow kurta with a saffron gamcha around his neck, atop an open saffron coloured vehicle, he was greeted by loud chants of "Modi! Modi! Modi Zindabad! 400 Paar Is Baar" all along the roadshow's route.
Mancini slams Saudi players who opted to leave Asian Cup squad
India's 1983 World Cup winning team got together to celebrate the 40th anniversary of their famous triumph in Mumbai on Sunday.
Member of the 1983 World Cup-winning team Kirti Azad on Thursday backed the BCCI's directive for cricketers to play Ranji Trophy, saying it's a good move and the rule should be applicable to every India team player, including Rohit Sharma and Virat Kohli.
A day after Chief Minister Nitish Kumar formed the government in Bihar in alliance with the National Democratic Alliance, hectic lobbying started for the post of assembly speaker, and other legislators to be included in the council of ministers.
A Varanasi court on Tuesday fixed February 15 for the hearing of a petition seeking a survey of all closed basements in the Gyanvapi mosque complex by the Archaeological Survey of India (ASI).
The last Bharat Ratna award was conferred upon Pranab Mukherjee in 2019 and was posthumously awarded to Bhupendra Kumar Hazarika and Nanaji Deshmukh. The award was not given to anyone between 2020 and 2023.
The fourth Filmfare OTT awards saw some interesting winners as top shows like Scoop and Jubilee as well as movies like Darlings and Sirf Ek Banda Kaafi Hai scored big.
The red carpet shone like a starry sky at the Lokmat Most Stylish Awards 2023.
'I have repeatedly been saying that the collegium system is the best available method of appointment of judges, but it needs some changes. This needs discussion. One important change is that the opacity of the government has to go. The government is more opaque than the collegium'
The nomination is an indication that the veteran Congress leader is not sure of victory from Raebareli, the Lok Sabha constituency she has represented for five terms.
The Archeological Survey of India (ASI) on Wednesday urged a Varanasi court not to make its Gyanvapi mosque complex survey report public for at least four more weeks, according to the lawyer for the Hindu side.
Earlier on Wednesday, the district court ruled that a priest can perform prayers before the idols in a cellar of the Gyanvapi Masjid, a significant development in the legal battle over the mosque adjacent to the Kashi Vishwanath temple.
Till now, the maximum Bharat Ratnas were awarded in 1999 when four recipients were given the coveted award.
Utkarsh Mishra's impressions of the Narendra Modi roadshow in Varanasi.
Three men, originally from Tamil Nadu, arrested by the Mumbai Police started their boat journey from Kuwait on January 28 and claimed to have taken the Saudi Arabia-Dubai-Pakistan route before entering Indian shores illegally, as per the police remand note.
Shraddha never told me about her anger issues: Father
Radhika celebrates her birthday in Goa... Shriya goes to Spain...Dharmendra-Hema celebrate their anniversary...
The boat was spotted off the Mumbai coast during patrolling on Tuesday morning, a police official said.
Much of Sajini Shinde Ka Viral Video's enjoyment comes from the carefully picked star cast who do a pretty good job, observes Mayur Sanap.
The big names of Indian cricket including World Cup-winning captain Kapil Dev, Madan Lal, Virender Sehwag and Kirti Azad paid their last respects to the spin great.
The Interim Budget for 2024-25 (FY25) to be presented on February 1 is likely to assume 10-10.5 per cent nominal gross domestic product (GDP) growth against 8.9 per cent estimated for FY24 by the National Statistical Office (NSO). "We were waiting for the First Advance Estimates GDP numbers for FY24. "We will finalise the nominal GDP growth assumption for FY25 Interim Budget in a couple of days.
From melodrama to mockery (remember Amar and Prem's phony separated-at-Kumbh Mela reunion in a gag of Andaz Apna Apna?), there are numerous instances of its presence.
The ASI had on Wednesday urged the court not to make its Gyanvapi complex survey report public for at least four more weeks, citing the December 19 judgment of the Allahabad high court.
'He was a cricketer who come once in a lifetime...'
In a major victory for the Hindu side, a Varanasi court on Wednesday allowed Hindu devotees to offer prayers inside the 'Vyas ka Tekhana' area inside the Gyanvapi mosque complex.
Banks submitted bids amounting to Rs 4.75 trillion, around 2.5 times of the notified amount of Rs 1.75 trillion, at the Variable Rate Reverse Repo (VRR) auction conducted by the Reserve Bank of India (RBI) on December 22, a day after the liquidity deficit in the banking system widened to Rs 2.5 trillion. In the most recent VRR auction held by the RBI on December 15, bids totaling 2.7 times the notified amount were received. Banks secured Rs 1 trillion at a weighted average rate of 6.63 per cent.
