A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
Keeping its word to make drugs affordable to consumers, the government on Thursday announced caps on margins on the sale of pharmaceutical products.
Indian has extended its Unchecked Fares option till September 30. The scheme offers special fares for travel in the economy class on 148 domestic sectors.
In a report submitted Monday to Rajya Sabha chairman and Vice President M Venkaiah Naidu, the Parliamentary Standing Committee on Home Affairs also said there was a need for a comprehensive public health law to keep a tab on private hospitals and check black-marketing of medicines.
Though household expenses are up, borrowing will be cheaper.
'The government will carefully regulate and monitor the Digital Rupee, and because the currency is supposed to be tied to INR or supported by reserves, we should expect little fluctuation in pricing.'
Jet fuel prices are likely to be reduced by Rs 2,000 per kilolitre from December 1 in line with fall in international oil prices.
When Life Insurance Corporation (LIC) of India gets listed on the bourses next month, it will be among the biggest listed life insurers globally in terms of market capitalisation (m-cap), assets, and revenue, but will also be among the least profitable and capitalised among its peer group. A big gap between LIC's m-cap, profits, and networth (shareholder capital) will make it one of the priciest insurers globally, in terms of price-to-earnings (P/E) multiple and price-to-book value (P/B) ratio. LIC also lags behind its Indian listed peers in terms of profit and networth.
Small-cap stocks raked in big gains in fiscal 2021-22 by giving up to 36.64 per cent returns, outshining the bigger benchmark gauge and experts believe that they may continue to outperform in FY23. Markets faced many headwinds in the latter part of the last fiscal with the emergence of geopolitical tension, inflation concerns and FII selling. Analysts said that the first half of the last fiscal was very good, while the market entered into consolidation in the second half, combined with high volatility.
Indian government has extended price caps to 39 more medicines ranging from commonly used diabetes drugs to antibiotics.
A three-bedroom apartment (1,000 square feet super built-up) in the Mumbai suburb of Bandra (east) can set you back easily by over Rs 4 crore (Rs 40 million). But for just half the amount, or Rs 2 crore ($400,000), you could own a flat in Dubai.
Goyal also said the government has been providing cheaper drugs through Jan Aushadhi stores.
It offers luxury saloon car features at a competitively low price.
The government on Monday reduced basic customs duty on influenza vaccine and nine other specified life-saving drugs used for treating breast cancer, hepatitis-B, rheumatic arthritis, etc.
SBI is the first major bank to cut its base lending rate this year.
Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal to what was sold collectively in the last 15 years, mainly riding on the good traction witnessed by electric two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday. In 2021, the sales of electric two-wheelers (E2Ws) in the country jumped over two-fold at 233,971 units driven by a good traction of high-speed scooters as compared to 100,736 units in 2020, SMEV said in a statement. "We haven't seen better days than the last few months in the entire EV journey.
DIAL, the GMR-led consortium modernising Delhi airport, had projected it would get only a Rs 800 crore-Rs 1,000 crore deposit for the entire 45 acre land in the hospitality district, leaving a gap in funding for the modernisation plan. The aviation ministry allowed it make up the shortfall by levying an ADF on passengers. With DIAL managing to persuade bidders for the hospitality district to increase security deposits by close to 50 per cent, the ADF may now be reduced.
Sidhu said there would be no need for Amarinder to go for power cuts or to regulate the office timings if the state acts "in the right direction".
Dean Elgar lived up to his reputation as a dogged, street-fighting batsman as he held the Indian bowling attack at bay, scoring a patient 46 off 121 balls.
The Congress fielded Channi from two seats -- Chamkaur Sahib in Rupnagar and Bhadaur in Barnala, a move which showed how much the Congress was banking on him. He lost both, and the party received a drubbing from the AAP.
India's overwhelming dependence on imported energy will remain a significant weakness.
Defence Minister Rajnath Singh said on Tuesday that India cannot remain dependent on other countries for its defence and that the indigenously developed Tejas was better than its foreign equivalents on several parameters and also comparatively cheaper.
Monthly and seasonal suburban railway tickets purchased through digital mode will get 0.5 per cent discount from January 1
Will the low cost Israeli Athos gun scuttle India's ATAGS gun?
Abolition of import duty on naphtha under the government's stimulus package has come as a much-awaited breather for power projects running on dual-fuel.
The Bombay Stock Exchange benchmark Sensex has declined 17 per cent in this calendar year and has underperformed the US and European markets.
The students, who had to brave hunger and freezing temperatures amid a sense of uncertainty, heaved a sigh of relief when they crossed over to Poland. They now await their flight back home on Thursday.
The manufacturer has dropped the bells and whistles to bring down the cost. The SUV, at heart, is the same and offers brilliant performance.
A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India.
Yoga guru Ramdev, who had said he does not need the Covid vaccine as he has protection of yoga and Ayurveda, on Thursday did a somersault, saying he will soon get the jab and described doctors as 'God's envoys on earth'.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
Only a few thousand chargers dot the Indian landscape, some in working condition, others not, with some held hostage to the power supply vagaries of local utilities, reports S Dinakar.
The gold prices on Tuesday dipped as low as Rs 11,000 per 10 gram, down nearly one-fifth from this year's high of Rs 13,650 scaled nearly a month-ago on July 15. The price has come close to its level seen during the Diwali season last year, when it stood at near Rs 10,500 per 10 gram. This year, Diwali falls on October 28.
The US-based embedded systems major, TriozTech, in collaboration with the Kongu Engineering College of Perundurai, Erode distict (Tamil Nadu), will develop cheaper engine control systems for electric scooters.
What is the lure of a government job? The answer is India's worst kept secret: Job security. And among the many government jobs desperately sought after is in the armed forces. Which is why the riots by aspiring armed forces job seekers against the government's Agnipath scheme should not really be surprising, points out Harishchandra.
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