Amid fears of a third wave of coronavirus pandemic and hardening of retail inflation, the Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy. The RBI is scheduled to announce its bi-monthly monetary policy review on August 6 at the end of the three-day meeting -- August 4-6 -- of the Monetary Policy Committee (MPC). The RBI Governor-headed six-member MPC decides on the key policy rates.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
'They keep issuing statements to win a few rounds of applause.'
Russian Foreign Minister Sergey Lavrov on Wednesday warned that a third World War, should it break out, will be "nuclear and devastating", amid spiralling tensions with the West over Moscow's ongoing massive military operation against Ukraine.
'The clean break between Russia and Europe that this foolish attack is creating may actually last long.' 'It will undermine Europe and benefit the US and China.'
IT services major Infosys on Wednesday posted a 17.5 per cent rise in net profit to Rs 5,076 crore for the March quarter, and announced up to Rs 9,200 crore buyback offer at a maximum price of Rs 1,750 per share.
The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.
'When we look at the quality of our retail loan book, the non-performing asset percentage is low.'
With 10 points, KKR, however, are on the brink of elimination.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
Ajit Balakrishnan on keeping an eye on democratising finance in India.
'If you give your ID and password to somebody else, how can anybody blame the technology for that problem?'
So vaccinate employees and families, staff at home, rickshaw drivers, milkmen, service providers, shopkeepers and street vendors, says Naushad Forbes.
The CSO estimate is, however, a bit lower than 7.4 per cent growth projected by the Reserve Bank for the current fiscal.
Singh said he had worked as prime minister for 10 years and had always preferred that his work should speak for itself.
Young consumers said that Oppo's constant focus on camera prowess and its long-lasting batteries remained at the top of their mind
'We never go overboard on any stock, no matter how good it may seem.'
"We are in talks with the Taliban on a daily basis through both political and security channels. I'm not going to get into the details of those discussions here, to protect those discussions, which are covering a wide range of issues," Sullivan told reporters at a White House news conference.
This time there has been a rather peculiar criticism of the latest GDP numbers.
India's second-largest software services company Infosys on Wednesday posted 12 per cent year-on-year rise in consolidated net profit at Rs 5,686 crore for March quarter 2021-22. The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,076 crore in the corresponding period previous year, according to a regulatory filing. Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period, it added.
India's economic growth slowed to 8.4 per cent in the second quarter of 2021-22, mainly due to waning low base effect, official data showed on Tuesday. The GDP growth in April-June quarter this fiscal stood at 20.1 per cent. The Indian economy had contracted by 24.4 per cent in April-June last year.
A principle adopted to ensure rehabilitation of evacuees alongside progress on projects is known for violations.
Let us contain this raging fire, this tsunami of hate, appeals Sonia Gandhi.
I binged on various shows this year -- some for work, some for pleasure, few I couldn't spare time for, others I didn't have access to while some started out fabulously only to fizzle towards the end.
Delhi and some other states have said that they would be unable to do so due to the shortage of vaccine doses.
The reason why Jamsetji Tata built the Taj Mahal Hotel was his love for Mumbai and India. For him, the 'why' was so powerful that it urged him to stake his reputation, withstand all scepticism, and invest a very large sum of resources to create the iconic hotel.
India said its economy grew 7.3 percent in the October-December quarter.
'There are some high-frequency indicators where uptick is visible and some where it is not'
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
Beside manufacturing, deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.
'The global semiconductor shortage has inadvertently provided an immense fillip to the pre-owned car market'
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
Without naming anyone, Mann, who is an MP from Sangrur, claimed that a senior BJP leader contacted him four days ago and asked him, "What would you take to join the BJP?"
Alleging "anti-competitive practices" by Zomato and Swiggy, restaurant industry body National Restaurant Association of India (NRAI) on Monday said it has approached fair trade regulator Competition Commission of India (CCI) for a detailed probe against the food aggregators. Keeping the interests of restaurants in mind, NRAI on July 1 had filed information with the CCI, it said in a statement. The main issues highlighted by the association in the submission are bundling of services, data masking, and exorbitant commission charged, price parity agreements, deep discounting, including forcing restaurant partners to give discounts to maintain appropriate listing, exclusivity of listed restaurants, and violation of platform neutrality, vertical integration, and lack of transparency on the food ordering platforms.
Agriculture Minister Narendra Singh Tomar, and Railways and Commerce Minister Piyush Goyal on Thursday held a meeting at the Vigyan Bhawan with a delegation of farmers, including the leaders of several farm organisations holding protests in the national capital against the recent farm laws.
Rediff.com's Rajesh Karkera and Hitesh Harisinghani spotted these stylish attendees at the FDCI x Lakme Fashion Week in Mumbai.
He is not seeing what perhaps everyone else around him is seeing: An over-commercialised player who is really an under-performing batsman, observes Sandeep Goyal.
After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review.
Samsung Galaxy Alpha is a very capable phone, and sales should pick up pace if the company decides to move quickly and brings the price to a more realistic level of about Rs 35,000, says Himanshu Juneja.
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