According to the global financial services major, since the last RBI policy meet, data suggest accelerating growth and surprisingly mild inflation, both at the core and headline level.
The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.
The gross non-performing assets of public sector banks rose to 6.03% at the end of June.
Raghuram Rajan's 'surgery' uncovers more bad loans
Veteran space scientist G Madhavan Nair said on Tuesday that Indian Space Research Organisation's unsuccessful bid to soft land on the moon is nothing to be alarmed about, and it would only enable the space agency master complex missions going forward.
The International Cricket Council came out in defence of umpire Kumar Dharmasena for his controversial decision to award six overthrow runs, instead of five, to England during the World Cup final against New Zealand.
Backloading the government's borrowing programme suggests the finance ministry's confidence in better revenue numbers, says A K Bhattacharya.
The Governor said the MPC had voted to maintain its accommodative stance, implying more rate cuts in the future if the need arises.
Forced to take the legal route after being denied the honour initially, Indian boxer Manoj Kumar will be bestowed the Arjuna Award as the Sports Ministry has finally accepted his nomination.
According to sources close to the developments, major PSU banks -- State Bank of India, Bank of Baroda, Bank of India, and Union Bank of India -- were likely to review the deposit rates for a possible upward move.
India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter
Retail inflation crossed the RBI's comfort level and rose to 5.21 per cent in December on increase in prices of food items.
News of all that's transpired on and off the football field
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Business confidence remained positive in August and was driven by upbeat forecasts of sales, an expected improvement in demand and promotional activities
RBI's intention to keep its target inflation rate at 5% was the main reason behind keeping rates unchanged, says Adhil Shetty, CEO of BankBazaar.com.
Infosys, as part of performance improvement programme, allows 'poor performers' to undergo training to get into shape.
Infosys added 10,997 employees (gross) in the last quarter of FY'14 and 39,985 during the fiscal to take its total headcount to 1,60,405 people.
BlackBerry has signed a letter of intent agreement under which a consortium to be led by Fairfax Financial Holdings Limited has offered to acquire the company subject to due diligence, it said in a statement.
Govt bosses in no hurry to exit from PSUs; many agencies, long process likely hurdles.
Second seed Sloane Stephens was shocked 2-6, 6-4, 6-2 by Germany's Andrea Petkovic in the second round of the Citi Open on Wednesday, disrupting the American's buildup to her US Open title defence.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Chief Minister Pinarayi Vijayan, who undertook an aerial survey of rain ravaged areas of Idukki and Wayanad, said Kerala was in the midst of an unprecedented flood havoc and the calamity has caused "immeasurable misery and devastation."
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
As Unilever's COO, he is expected to take significant load off CEO Alan Jope, pushing growth across markets and driving go-to-market activities.
Summary of sports events and persons who made news on Thursday
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
The Reserve Bank on Monday reduced the marginal standing facility (MSF) rate, at which banks borrow from it, to 9 per cent from 9.5 per cent to improve liquidity in the system.
RBI might further cut rates by 50-75 basis points later.
Why did Pakistan sign a cease-fire without acquiring Kashmir, which was the sole purpose of the 1965 War, asks Ahmad Faruqui.
News of all that's transpired on and off the football field.
Tottenham Hotspur reached the semi-finals of the Champions League on away goals after a 4-3 (aggregate 4-4) defeat to Manchester City in a breathtaking quarter-final second leg game on Wednesday.
'The BJP's constitution promises allegiance to India's secularism and socialism.' 'This is the oath that it makes all its members sign,' observes Aakar Patel.
This is a national leadership gone so wrong that India's most powerful prime minister in four decades has personally taken charge of medical oxygen shortages, observes Shekhar Gupta.
The 30-share Sensex ended in the red.
The mesmerising moments that made the 2018 FIFA World Cup a blockbuster worldwide.
Just months before the deadly gas leak in Bhopal killed 15,000 people, journalist Rajkumar Keswani -- who passed into the ages on Friday, May 21, 2021 -- had warned that the 'city stood on the edge of a volcano'.
Images from the UEFA Champions League quarter-final first leg matches played on Wednesday
