A day after the Reserve Bank of India's (RBI's) Monetary Policy Committee hiked the policy repo rate by 50 basis points (bps), several commercial banks, including ICICI Bank and Bank of Baroda, raised their external benchmark-linked loan rates by an equal amount on Thursday. HDFC, the country's largest mortgage lender, too, increased its interest rates on housing loans by another 50 bps. In total, it has raised rates by 85 bps since May 4, when the RBI had increased the repo rate by 40 bps in an off-cycle meeting.
Resumption of 'Char Dham yatra' after a gap of two Covid-marred years is a welcome development for thousands of people whose livelihoods depend on it, but the death of 78 pilgrims on way to the Himalayan temples in less than a month is causing concern.
Although CSK lost the important wickets of Dube, Rayudu and Jadeja in the middle overs and MI debutant Riley Meredith and Bumrah keeping a lid on the scoring in the 16th and 17th overs, it was the crucial 33 run partnership between Pretorius and Dhoni that eventually sealed the deal with a last ball four off the bat of hero MSD!
'I am seven months into the job, but it feels like seven years.'
SBI Research has projected the Indian economy to grow at 7.5 per cent in 2022-23, an upward revision of 20 basis points from its earlier estimate. As per official data, the economy grew by 8.7 per cent in FY22, net adding Rs 11.8 lakh crore in the year to Rs 147 lakh crore, the report said, adding this was however only 1.5 per cent higher than the pre-pandemic year of FY20. "Given the high inflation and the subsequent upcoming rate hikes, we believe that real GDP will incrementally increase by Rs 11.1 lakh crore in FY23. "This still translates into a real GDP growth of 7.5 per cent for FY23, up by 20 basis points over our previous forecast," SBI chief economist Soumyakanti Ghosh said in a note on Thursday.
'The players should be able to decide in such crucial matters'
Ashwin got rid of Tilak, Yuzi got David and Sams, and Pollard couldn't get going.
Jobs in HR, administration and recruitment have seen a substantial rise as per Monster data with a 42% growth in job posting activity.
The Indian lenders are worried over the fast depleting asset base of the Future group companies which would make their recovery of dues difficult. The asset base of Future group has eroded in the last two years due to lockdown and takeover of 947 stores by rival Reliance Retail after Future group's lease on the properties expired. Bankers said they have approached bankruptcy court so as to avoid any duplication of legal action and reduce time at the legal forums.
Unlike earlier years, an Indian-American child did not win America's Scripps National Spelling Bee in 2021. 234 spellers, many of them Indian-American kids, will participate in the 2022 Bee, to be held from May 31 to June 2.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
World Champion boxer Nikhat Zareen said she has adopted a combative approach where "whatever happens I have to fight and give my best."
India have won the Asia Cup on seven occasions, Sri Lanka on five occasions, with Pakistan winning it twice.
'One quiver cannot have two different kinds of arrows.' 'The party cannot progress with two leaders.'
'The senior players made me feel very comfortable. It was my debut, but it didn't feel like I was playing for the first time.'
'Badminton at this level is a mental game.' 'Often just one or two points makes the deficit and often it's upstairs on the first floor that these things happen.'
Gujarat Titans spinner Rashid Khan expressed happiness after his side defeated Delhi Capitals on Saturday, saying he is enjoying his time in Indian Premier League 2022.
A 50-year-old fisherman from Gujarat, who was apprehended by Pakistani authorities a year ago on high seas, died in a jail in that country due to unknown reasons, an official said on Monday.
Experts say companies wanting to launch IPOs will have to scale back their expectations given the fall in valuations.
The likes of skipper Hardik Pandya, David Miller, Rahul Tewatia and Rashid Khan, who had produced stellar performances and played a key role in GT's success so far, have floundered against Punjab.
TotalEnergies will acquire 25 per cent shareholding in Adani New Industries Ltd -- the firm that houses Adani Group's new energy business -- for an undisclosed amount, the two firms said in separate statements. "TotalEnergies has entered into an agreement with (Adani Group's flagship) Adani Enterprises Limited (AEL) to acquire a 25 per cent interest in ANIL," the French energy giant said.
Without naming India, S&P said it expects that in regions where inflation already exceeds targets, or which are vulnerable to capital flight, central banks will be forced to raise interest rates.
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
He also lashed out at veteran Congress leader Ambika Soni for her statement on the "repercussions of having a Hindu chief minister in Punjab".
Among the pledges announced by the governing body under the banner #WeGrowAthletics are plans to ensure gender equality
Brimming with confidence, India will again look to punch above their weight when they run into 14-time winners Indonesia in the final of Thomas Cup in Bangkok on Sunday, seeking to create history one more time.
Pictures from the IPL 2022 game between Rajasthan Royals vs Delhi Capitals at the DY Patil Stadium, Navi Mumbai
Photos from the IPL 2022 match between Royal Challengers Bangalore v Sunrisers Hyderabad at Mumbai
'At present Metaverse is a hype cycle.' 'If it succeeds, then I would like to see TCS there, too.'
They will, however, only be able to join their respective franchises after Australia play their lone T20 match against Pakistan on April 5.
Kohli holds the record for most Test appearances as India Test captain (68) and he also holds the record for most Test wins by an Indian captain (40). Only Graeme Smith, Ricky Ponting, and Steve Waugh have won more matches than Kohli as captain in Test cricket.
How the Johnny Depp-Amber Heard relationship evolved and dissolved.
The 2023 Asia Cup in Pakistan will be a 50-over event with the Asian Cricket Council continuing its tradition of holding the tournament in the same format as that particular year's ICC global event, PCB chairman Ramiz Raja said on Monday.
Images from the ongoing IPL 2022 match between Mumbai Indians and Delhi Capitals from the Wankhede Stadium, Mumbai
The Saveetha Institute of Medical and Technical Sciences. The Indian School of Mines, Dhanbad. Vinay Umarji explains why these two universities have made India proud.
India's fertiliser subsidy bill is likely to shoot up by 55 per cent to record Rs 2.5 lakh crore this fiscal as the government will provide additional funds to make up for the spike in cost from higher import price, top sources said on Thursday. The government will ensure that there is no shortage of fertilisers in the country during the kharif (summer-sown) and rabi (winter-sown) season and it is already in talks with major global producers to import key soil nutrients, they added. According to the sources, Union Chemicals and Fertilisers Minister Mansukh Mandaviya is likely to visit many countries, including Saudi Arabia, Oman and Morocco, soon to secure imports on both short and long term basis.
Former World No 1 Saina, the London Olympics bronze medallist, lost 14-21, 21-17, 17-21 to World No 2 Yamaguchi in a 50-minute women's singles clash.
ASBC Asian Youth & Junior Boxing Championships: Krrish Pal registers win in 1st round
State minister Syed Shahnawaz Hussain, a national spokesman of the party, made the averment in Patna at a press conference he addressed jointly with Sanjay Jaiswal, the Bihar BJP president.
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