'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'
Reserve Bank of India (RBI) Governor Sanjay Malhotra said the repo rate cut in the February meeting of the monetary policy committee (MPC) was due to inflation aligning with the target and recognising the fact that monetary policy is forward-looking.
The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
Reserve Bank Governor Sanjay Malhotra on Saturday said that the market forces decide the value of rupee with respect to the US dollar and the central bank is not worried about day-to-day movement of the currency value.
Celebrities have embraced these daring designs; here's how you can do it too.
Reserve Bank on Wednesday cut India's growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties. Prospects of agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in 2025-26, RBI Governor Sanjay Malhotra said while unveiling the outcome of the first bi-monthly Monetary Policy Committee meeting for the current financial year.
She has been booked under the relevant sections of the Official Secrets Act and the Bharatiya Nyaya Sanhita, said the police.
Air India's flying crew, ground and security staff will soon sport new uniforms designed by fashion designer Manish Malhotra as the Tata Group-owned airline embraces a new global brand identity. As Air India pursues a revival and modernisation plan, the new uniforms are expected to be introduced for the frontline staff by the end of this year and are likely to coincide with the induction of the airline's first wide-body A350 aircraft into its fleet. Malhotra -- whose career spans more than 30 years as a couturier, costume stylist, and entrepreneur -- and his team have started meeting Air India's frontline staff, conducting discussions and fitting sessions with them to better understand their specialised needs, the airline said in a release on Thursday.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
Bollywood celebrated Mother's Day with beautiful pictures of their mums on social media.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.
The Bharatiya Janata Party (BJP) is set to form its government in Delhi after winning the recent assembly elections. Party leaders have stated that the new chief minister should be chosen from the elected BJP MLAs, with several contenders emerging from the newly-elected members. The decision on the next chief minister is expected to be made after Prime Minister Narendra Modi returns from his foreign visit around February 15.
'The stark black and gold gown featured geometric embroidery in taban, accentuated with delicate pearls and crystals.'
The Reserve Bank of India (RBI) on Friday cut the repo rate by 25 basis points to 6.25 percent, marking the first reduction in five years. The central bank also projected GDP growth for fiscal year 2026 at 6.7 percent and inflation to come down to 4.2 percent in FY26 from 4.8 percent in FY25. The RBI said the global economic backdrop remains challenging but the Indian economy continues to remain strong and resilient.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
The Reserve Bank of India (RBI) has projected retail inflation at 4.2 percent for the next financial year beginning April while retaining the forecast for 2024-25 at 4.8 percent. The central bank attributed the expected easing of inflation to good kharif production, winter-easing in vegetable prices and favorable rabi crop prospects. However, the RBI also noted that continued uncertainty in global financial markets coupled with volatility in energy prices and adverse weather events presents upside risks to the inflation trajectory.
State Bank of India, Tech Mahindra, Larsen & Toubro, Tata Steel, Sun Pharma, Infosys, HCL Tech, Axis Bank, Tata Consultancy Services and NTPC were among the biggest laggards among Sensex shares. Nestle, Hindustan Unilever, Titan, Power Grid, UltraTech Cement and ITC were among the gainers.
'We will be very, very proactive in providing whatever liquidity requirements are needed.'
Even as concerns grow over the residential real estate market reaching its peak, the outlook for office real estate remains strong, with listed real estate investment trusts (Reits) standing to benefit from sustained demand in the segment.
Sanya Malhotra is an artist, muse, and fashionista all at once.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any 'specific level or band' of the rupee, which slipped to an all-time low of 87.59 to a US dollar. On Thursday, the rupee plunged 16 paise to close at a record low of 87.59 against the American currency. "I would like to mention here that the Reserve Bank's exchange rate policy has remained consistent over the years.
Think Doc Martens, cute skirts, plaids, pinstripes, houndstooth and gingham prints. Our Bollywood babes embrace it in quirky ways.
The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts.
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
Priyanka-Nick's before and after pictures...Salman celebrates with family... Abhishek mingles with Amy Jackson...
From custom Manish Malhotra drape to Kanjeevaram saris, Sobhita Dhulipala was an absolute vision as a traditional South Indian bride at all her wedding festivities.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
November was high on the fashion meter as a lot of celebs made dazzling appearances while attending promotional events and at parties.
Indian women's cricket team batter Jemimah Rodrigues' father Ivan on Friday refuted allegations that he used her membership at the prestigious Khar Gymkhana here to hold "conversion meetings" at its premises, claiming that he merely conducted prayer gatherings "in complete accordance with procedures".
'I couldn't see the injury but I knew it was bad from the expression on Aamir's face.'
The length and drape of the sari varies; some may be less than the traditional six yards, like the half sari, while others like the Maharashtrian Nnauvari or the Tamilian Madisar is be nine yards. Kodagu saris too can be nine yards long.
Sanya becomes a Mrs... Nimrat attends Diljit's concert... Plabita pouts...
Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18.
The Indian government's announcement of 10,000 additional seats in medical colleges next year, part of a plan to add 75,000 seats over five years, has been welcomed by education experts and stakeholders. The move aims to address the shortage of medical professionals and reduce the outflow of Indian medical students to other countries. The budget also includes infrastructure expansion at five new IITs to accommodate 6,500 more students and an allocation of Rs 500 crore to set up a Centre of Excellence in Artificial Intelligence for education.
'Mrs shows a dark side to the son and the father.' 'I had to do things that I wouldn't dare to do in real life.'
Following a deadly stampede at New Delhi Railway Station that claimed 18 lives on Saturday night, authorities have implemented stringent security measures, including prohibiting loitering on the foot overbridge. The Railway Protection Force (RPF) is also monitoring trains heading towards Prayagraj and deploying additional personnel to manage crowds. CCTV surveillance has been enhanced, and announcements are being made to guide commuters and prevent panic. The stampede occurred due to a mix-up in train announcements, leading to a surge of passengers rushing towards platform 16 via a narrow stairway.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
Kareena and Saif's boys didn't meet the PM, but check out what Modi sent them...
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances