Existing bank deposits will continue with past rates until renewed on maturity.
Real estate companies' borrowing costs have moved up by a third in the last one and a half years, from 11.5-12 per cent to 16 per cent now.
The Centre has proposed exempting life and health insurance policies for individuals from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday. Currently, health and life insurance premium attracts 18 per cent GST.
Traders rejoice when the Fed drops the rate, but...
New borrowers will benefit if banks cut their MCLR. Older borrowers' EMIs will change only when their reset date arrives
'This has translated into a combined daily loss of 60 crore in revenues for exporters in Tiruppur, Coimbatore, Erode and Karur districts, pushing many small and medium enterprises to the brink of collapse.'
Inflation measured by the Wholesale Price Index had declined to 6.62 per cent in January. It was 7.18 per cent in December and 7.24 per cent in November.
From the Sensex firms, Kotak Mahindra Bank, Titan, Axis Bank, Adani Ports, Mahindra & Mahindra, Reliance Industries, Tata Motors and HDFC Bank were among the major gainers. However, Eternal and Infosys were the laggards.
Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday.
Auto sector cheers RBI rate cut as 'festival gift'
The Reserve Bank of India is widely expected to lower interest rates for a third time this year.
Since January this year, RBI has cut the repo rate - at which it lends to commercial banks -- to a gross of 1.25 per cent.
"Let's wait see what happens. This is the last quarter of the year where rates normally tends to increase. It would be unwise to say how rates will move in the next six weeks. We have also to see the demand-supply gap," Chief Executive Officer K V Kamath, told reporters in Mumbai.
The banking industry is hoping for more rate cuts by the Reserve Bank, which in turn, will help soften both deposit and lending rates, a top financial industry expert said.
Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 321,840 units in August.
Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China's Shandong-based Haier group, for an undisclosed amount. The transaction, according to industry sources, values the company at about 15,000 crore.
India's T20 World Cup squad had space for only 15, but the pool of quality options ran far deeper. The consequence was inevitable: several players with genuine claims were left on the outside, the unlucky ones who narrowly missed the cut.
Union Bank of India, United Bank of India reduced base rates.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
Banks are likely to cut rates even further, say finance minister Arun Jaitley.
Governor Raghuram Rajan lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, the first reduction since May 2013.
Commenting on the proposed fiscal stimulus package that the government intends to announce tomorrow, Bhatt said, although there is no threat of recession in the country, growth is slowing. This package will help increase liquidity and encourage consumption behaviour.
After withdrawing money on a net basis for the past three months, foreign portfolio investors (FPIs) have turned buyers with a Rs 6,480 crore investment in October so far, driven by strong macroeconomic factors.
In half a century, actors have aged or passed away, the shape of the city has altered, the film industry has changed beyond recognition, most single screens have made way for multiplexes, audiences tastes have changed, rural life is very different now, and inflation has devalued the rupee. But a great film is forever. Deepa Gahlot salutes Sholay, as it re-releases in theatres.
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
Although there is headroom for further monetary policy action, at this juncture it is important to keep our arsenal dry and use it judiciously: RBI's Das.
'Maintain a balanced approach with a preference for short-to medium-duration funds.'
The Reserve Bank of India (RBI) cut its key repo rate by a bigger-than-expected 50 basis points.
'They are positioned as defensive products and can potentially give marginally higher returns than liquid funds.'
Indian automakers are reviving legacy nameplates to leverage brand recall and stand out in a crowded market, as classic badges like Sierra, Safari, Baleno and Scorpio return to attract buyers.
Importers are rushing to hedge their dollar positions amid the sharp depreciation of the rupee against the American currency and expectations of further volatility even as exporters are holding off after suffering mark-to-market (MTM) losses on earlier hedges.
There are glaring anomalies with Indian data and that could lead to wrong policy prescriptions.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Finance Minister Nirmala Sitharaman on Tuesday said that raising the FDI limit to 100 per cent in the insurance sector will help attract more capital, improve competition and increase insurance penetration by making policies more affordable.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year as the impact of US tariffs on Indian exports will reduce prospects, particularly in the second half, ADB said on Tuesday.
The three day MPC meeting began on Monday and the decision will be announced on Wednesday by RBI Governor Shaktikanta Das.
By not turning Mrs Deshpande into a monster like the notorious Hannibal Lecter, the show may have reduced the chills. Still, it's an efficiently made crime show, which depends on the stardom of Madhuri Dixit, observes Deepa Gahlot.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances