The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday. The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike next week and a 0.25 per cent increase in August, to make the total quantum of rate hikes at 0.75 per cent, the report by Bofa Securities said. On May 4, the Reserve Bank of India (RBI) hiked rates by 0.40 per cent, and Governor Shaktikanta Das has already called a rate hike at the forthcoming review as a "no brainer" given the pressure to maintain its core mandate of inflation in the targeted band of under 6 per cent.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
The old Parliament building, an architectural splendour and a historic landmark that guided the destiny of India for nearly a century and whose illustrious legacy will now be consigned to the pages of history, was inaugurated on January 18, 1927 by the then Viceroy Lord Irwin.
Messi's image is everywhere, adorning the sides of buildings.
Pakistan is bracing for another day of violence that broke out in many cities after the arrest of former prime minister Imran Khan for alleged corruption with the leaders of his party announcing a countrywide strike on Wednesday to protest against the fascist government.
Just a few days back it seemed like Qatar, which has strict controls on alcohol, would relax their laws for the football extravaganza as consuming alcohol in public places is illegal in the Gulf country.
Speaking to reporters, Mumbai Congress president Bhai Jagtap said the decision to defer the rally was taken after holding discussions with state officials and senior party leaders in New Delhi.
The Opposition party asked whether the prime minister will take responsibility for the 'deadliest rail tragedy' of this century.
Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited, it said.
Heavy police security was deployed in Mumbai in the wake of Thackeray's call for "silencing" loudspeakers atop mosques.
This list goes ahead to prove that people still love the touristy spots!
Investors' wealth eroded by over Rs 4.90 lakh crore on Friday amid a sharp fall in equities. The 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to settle at 58,098.92. During the day, it tumbled 1,137.77 points or 1.92 per cent to 57,981.95. The market capitalisation of the BSE-listed firms plummeted by Rs 4,90,162.55 crore to Rs 2,76,64,566.79 crore on Friday.
After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
The flood situation in the three districts of Barak Valley -- Cachar, Karimganj and Hailakandi -- remained critical as the water levels of Barak and Kushiara rivers continued to rise, inundating vast tracts of land, officials said.
An Indian family, the Pandays, spend a few days on the Nepo river.
Britain's BBC faced a mounting crisis as a row over football presenter Gary Lineker's criticism of government migration policy led to a presenter mutiny.
A day after the city saw huge crowds of mid-night revellers thronging the eastern metropolis's busy Park Street to celebrate Christmas, health experts and doctors cautioned the state government against allowing more such gatherings especially during the New Year festivities
Chandrabhaga Shinde, one of the Shiv Sena's oldest supporters, made the journey to Matoshree, Shiv Sena supremo Uddhav Thackeray's home in Kala Nagar, the artist's enclave in Bandra East, north west Mumbai, on Friday, June 24, 2022.
The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat.
'Once they meet me, they know I don't need to be typecast as the Indian underdog.'
The future is uncertain and the past painful. So, Abdul Samad chooses to focus on the present, taking one day at a time, seeking solace in a game of chess in a bustling city.
Mandira Bedi was inconsolable at her husband Raj Kaushal's funeral.
The recent run on the US-based Silicon Valley Bank (SVB) and the subsequent seizure of its assets by the regulators may have sparked a global wave of risk aversion, particularly for start-ups. However, the Indian banking sector is unlikely to be a victim of any contagion effects, said analysts. he bank, which played a big role in financing start-ups and technology players, faced stress after incurring huge losses on its holdings of US bonds, following the most-aggressive monetary tightening cycle by the Federal Reserve in around four decades.
Love travelling and taking pictures? This list is for you!
The new Parliament building is expected to be completed by November 2022.
The 'Diwali Home Buying Fest' would be organised from Nov 3-9.
The company will develop residential and commercial real estate on the 17-acre land in the plush area, which it bought from DLF last year.
'In today's world, more than ever, we feel the need for comfort, for love. There is so much to reassure us here -- the beautifully captured billowing embrace of the smoke, the golden light, the subject's expression as he prepares the food for sharing.'
For everyone who loved the movie Breakfast at Tiffany's, here's some wonderful news!
The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a litre increase in petrol and diesel prices in a matter of 16 days beginning March 22, which has further fuelled the already high commodity prices. The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went completely out of hand.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
A video showing a hapless Arun Tiwari holding onto the railing of the balcony of the flat on the 19th floor and dangling precariously before falling down went viral even as fire brigade vehicles rushed to the spot. He was taken to the civic-run KEM hospital but was declared dead.
Jude Bellingham has become one of the most sought-after signatures in football
Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016. The Supreme Court on Monday upheld the decision of the government on demonetisation. On November 8, 2016 Prime Minister Narendra Modi had announced demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to promote digital payments and curb black money flows.
Novak Djokovic will spend at least the next 72 hours in a Melbourne hotel before the next hearing in his fight to overturn a ban on entering Australia is held on Monday.
Authorities in New Delhi are all geared up for the counting of votes polled in the Delhi municipal elections, with officials saying 42 centres have been set up for the Wednesday exercise which will begin at 8 am amid tight security.
Pawar said no one gave such a proposal to the Nationalist Congress Party.
Reuters Photographers Jorge Silva and Zohra Bensemra capture slices of life of Kabul.
Shanghai on Monday reported 425 confirmed and 8,581 asymptomatic domestically transmitted cases, the highest daily increases since the latest outbreak, bringing the total number of COVID-19 infections in the city to over 60,000.
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