Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.
India all-rounder Hardik Pandya will not be available for the league stage matches of the Vijay Hazare Trophy because of personal reasons, but he will join Baroda if they progress to the knockouts.
The recent depreciation of the rupee along with sharp fall in the country's foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies among peers for almost two years before the current downward pressure started in September after the US Federal Reserve lowered interest rate.
From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. "On the rate front, a lot of central banks are taking independent calls.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
The West Indies are well-placed to win the first Test against Bangladesh. They needed only three wickets to complete the formalities at the end of the fourth day at Sir Vivian Richards Stadium, North Sound, Antigua.
Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government's projection of 11 per cent. The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week. The Economic Survey, tabled by the government in Parliament recently, has projected that the economy will grow at 11 per cent, up from an estimated historic decline of 7.7 per cent in 2020-21, on account of the COVID-19 pandemic.
India's foreign exchange reserves have jumped to an all-time high of $651.5 billion as of May 31, Reserve Bank Governor Shaktikanta Das said on Friday. This means the overall kitty has increased by $4.83 billion since the last reported number of $646.673 billion on May 24 this year.
Aamir Khan and nephew Imran Khan will play cameo roles in Happy Patel.
'Inflation is not good for industry. Nor for the economy as a whole.'
By sacrificing an important component of the right to free speech, we have strengthened the hands of the fundamentalists, the bigots and the publicity-seeking goondas. And of the hate-filled political establishment, points out Vir Sanghvi.
By conventional yardsticks, Das was an audacious choice by Prime Minister Narendra Modi and the BJP president Amit Shah, like Devendra Fadnavis was in Maharashtra and Manohar Lal Khattar in Haryana. Will his choice pay off in the elections next month?
Glimpses of the At Home reception hosted by President Droupadi Murmu on Independence Day at Rashtrapati Bhavan.
He will be the first bureaucrat to head the central bank in almost five years.
Nearly 13.04 per cent voter turnout was recorded till 9 am on Wednesday in 43 assembly constituencies in Jharkhand where voting is underway in the first phase, officials said.
Manav Thakkar pulled off a nail-biting victory against the experienced Achanta Sharath Kamal as U Mumba TT defeated Chennai Lions 8-7 in an exciting clash of the Ultimate Table Tennis 2024.
He said the transformation brought about by the fintech sector in India is not just limited to technology, but its social impact is far-reaching. He also stressed that fintech has dented the parallel economy and is bridging the gap between villages and cities on the financial services front. The prime minister also said that in the last 10 years, the fintech space has attracted investments of more than $31 billion and fintech startups have grown by 500 per cent.
A chorus of 'Amra Korbo Joy' echoed through the Bangladesh dressing room as the players celebrated their triumph.
'Ayodhya will once again become Ram's city.'
While Rohit Sharma, K L Rahul, Yashasvi Jaiswal and Mohammed Siraj were all recognised for their exceptional fielding efforts, it was Jaiswal and Siraj who were awarded the coveted 'Impact Fielders of the Series' medals.
'I don't believe there is an international conspiracy to swamp tribals in India or in Jharkhand.'
The BCCI secretary Jay Shah has assured the Bangladesh Cricket Board (BCB) of adequate security measures being taken during their three week stay in the country.
India and China have agreed to take measures to further ease the situation at the borders while continuing to implement the October agreement to resolve the standoff in eastern Ladakh comprehensively. The two sides held the 32nd meeting of the Working Mechanism for Consultation & Coordination on China-India Border Affairs (WMCC) in New Delhi, agreeing to maintain communication through diplomatic and military channels and safeguard sustainable peace and stability in the border areas. This meeting follows the October 21 agreement between the two countries to resolve the over four-year-long military standoff in eastern Ladakh.
The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
Indian women's team batting coach Shiv Sunder Das on Thursday promised a different approach to counter Australian bowlers and backed out-of-form opener Smriti Mandhana to come good in the second ODI against the hosts.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
On a hot day in Pindi, cramps had kicked in, resulting in Litton requiring on-field medical treatment. After receiving some medical attention, Litton was seen limping and continued to stay on the field.
Opener Shadman Islam missed out on a century in his comeback test match as Bangladesh blunted pace-heavy Pakistan's attack and reached 316-5 at stumps on the third day of the first test on Friday.
IMAGES from Day 5 of the 2nd Test played between India and Bangladesh in Kanpur, on Tuesday.
Mango puree, chia seeds and sago make this an irresistible treat.
The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
'Along with Blackstone, we would be keen to look at opportunities in the North.'
After drawing people's attention to her acting prowess, Shraddha Das is now winning the Internet with her yoga pics.
The dismissal marked a significant low point in Azam's otherwise illustrious career.
'What's the first thing you're going to do when the world is normal again?'
Tamil Nadu's S Dhanalakshmi, who had stunned Dutee Chand in the 100 metres final, beat Hima Das, another star athlete, in the 200 metres semi-final heats, clocking a new meet record time of 23.26 seconds, in the Federation Cup National Senior Athletics Championships, in Patiala, on Thursday.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
Millets, dal and a bunch of spices can be steamed together for an awesome version of this rice cake.
