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Surplus liquidity in the banking system as measured by absorption of excess funds by the Reserve Bank of India (RBI) fell sharply at the end of the last week due to outflows on account of advance tax payments. According to the RBI data, the net liquidity absorbed by the central bank on September 16 was at Rs 3,243.57 crore, much lower than the average of Rs 56,809.92 crore in the preceding four days of the week. The average absorption of funds by the RBI so far in September is at Rs 1.13 trillion, against the average of Rs 1.2 trillion in the previous month, the data showed.
Remember, anyone can make two plus two four. But if you can make two plus two five, you will be adding value, management guru Virender Kapoor advises job-seekers.
Celebrity-inspired festive looks to try out this Diwali.
This rise was spurred by record kharif sowing - after a good rabi season - that ensured high disposable incomes in rural India.
As freebies/gift vouchers attract GST, retailers are opting for straight discounts this festive season.
India's industrial production contracted by 4 per cent in October, the sharpest fall in 26 months, mainly due to decline in output of manufacturing and subdued performance of mining and power generation sectors, according to official data released on Monday. The Index of Industrial Production (IIP) had grown 4.2 per cent in October 2021. The previous low was (-) 7.1 per cent in August 2020.
The company declined to comment on the banks or NBFCs that would be providing the loans.
Pick bright bold colours, stay sexy and win hearts.
The India cricket captain, who has been rested from the upcoming Bangladesh T20Is, tweeted a sweet photo with the missus at an unknown location.
'Investors should look to incrementally allocate towards equity from a medium-to-long term horizon.'
Ford expects the sagging car demand to get a boost during the forthcoming festive season.
Sitharaman said economic slowdown seems to have bottomed out and the coming festive season will help the economy start looking up.
Retail investors seem to have dipped into their mutual fund savings to meet pre-festival spending. According to data released by the Association of Mutual Funds in India (Amfi), investors pulled out Rs 6,578 crore from their systematic investment plan (SIP) accounts in September, the highest in the last 11 months. The redemptions were on the higher side during the previous festive season as well.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
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Buoyed by good response to its new Alto 800, which has touched 21,200 bookings within a week of launch, Maruti Suzuki India is looking to cash in on the ongoing festive season sales.
You can have a traditional Diwali celebration with your family at these special spots.
Retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October this year at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases, the Federation of Automobile Dealers Associations (FADA) said on Monday. Retail sales of automobiles in the domestic market stood at 22,95,099 units in October 2022, FADA said in a statement. Two-wheeler retail sales were at 15,07,756 units last month, as against 17,25,043 units in the year-ago period, down 12.60 per cent, as per the latest data by FADA.
For most consumer product players in the country, the upcoming festive season is being looked upon as the best platform to return into the black.
Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise.
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With high festive season demand pushing up airfares, aviation regulator DGCA has been asked by the Union civil aviation ministry to examine if it could take some steps provide any relief to air travellers.
Celeb-inspired ways to style your Diwali look.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
Bollywood stars have posted gorgeous pictures on Instagram.
'India is the sixth-largest market for the Kia Corporation, and contributes 8 to 9 per cent to our global sales.' 'We are eyeing 10 per cent market share over the next few years depending on customer demand and new product innovations.'
Tarun Tahiliani's autumn winter line had plenty of inspiration for the season of celebrations.
Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress. To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter. Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.
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'In staples, we have still managed in rural areas.'
It's December and B-Town celebs are already kicking off the festive season in shimmering, party-ready silhouettes.
Looking back at all the times Kareena Kapoor Khan brought the curtains down in style at LFW.
The Supreme Court on Wednesday refused to interfere with the Delhi government's order putting a comprehensive ban on manufacturing, storage, sale and bursting of firecrackers in the city, saying people's health is important.
The Reserve Bank India's (RBI's) decision to ban the onboarding of new accounts on the "bob World" mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited "material supervisory concerns"; news reports claimed mobile numbers were randomly linked to accounts to purportedly inflate registrations on bob World.
Star earned ad revenues of around Rs 30 billion during last year's IPL. Whether it hits last year's figure will depend on how the economy picks up during the festival season.
'Tis the season to be jolly, says December. In 2020, however, coronavirus changed that story. Now that the year is finally coming to an end, people the world are determined to celebrate the festive season, but cautiously.
'The consolidation of the world's fifth-largest economy in the hands of 15-20 corporate giants is a once-in-generation event, which we are focusing on.'
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