The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Repo rate is the interest rate at which the RBI lends money to commercial banks.
Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.
India's services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose from January's 26-month low of 56.5 to 59.0 in February, indicating a sharp rate of expansion.
Hady Habib is the first man representing Lebanon to win a singles main draw match at a Grand Slam in the professional era.
Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday.
From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the major laggards. Among the gainers, Bajaj Finance jumped over 5 per cent. Mahindra & Mahindra, Bajaj Finserv, Bharti Airtel and Maruti also ended higher.
The government on Monday invited applications for the post of chairman of the Securities and Exchange Board of India (Sebi). The current SEBI chairperson Madhavi Puri Buch's three-year term ends on February 28. Buch assumed charge at the helm of Sebi on March 2, 2022.
From the Sensex pack, Reliance Industries, Bajaj Finserv, HDFC Bank, Adani Ports, Maruti Suzuki India, Axis Bank, Hindustan Unilever, Sun Pharmaceuticals and Asian Paints were among the laggards. Reliance Industries fell the most by 2.38 per cent to close at Rs 1,171.10 apiece.
Top seed Carlos Alcaraz of Spain and No. 8 seed Hubert Hurkacz of Poland will clash in the ABN Amro Open semi-finals on Saturday after both posted victories on Friday in Rotterdam, Netherlands.
Why has the shift from ICE to electric slowed down despite initial enthusiasm?
The pope will stay in Canada for a week and is expected to apologise to its indigenous people for the indignities perpetrated by the Church at every stop of his visit.
The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts.
Scenes from funerals in Jiribam in Manipur for Meiteis killed in the ethnic violence that broke out in Borobekra.
'...how do they consume and contribute to the GDP?'
The final rites of renowned industrialist and philanthropist Ratan Tata were performed with full state honours at a central Mumbai crematorium on Thursday evening. The Mumbai police paid tribute to Tata with a gun salute.
Learner Tien became the youngest man to reach the Australian Open fourth round in 20 years
RBI cuts GDP growth projection to 6.6 per cent for current financial year, from earlier forecast of 7.2 per cent.
Reilly Opelka has called for chair umpire Greg Allensworth to be suspended by the ATP after he received a code violation at the Dallas Open for confronting a spectator in the stands who he claimed was deliberately coughing to interrupt his serve.
Capital market regulator Sebi on Tuesday rejected the competing open offer made by the US-based entity Danny Gaekwad Developments & Investments for acquisition of Religare Enterprises Ltd (REL) as it did not meet necessary regulations.
Gene Hackman had a long and rich career, playing leading and supporting roles in many Hollywood films.
Grim and sad scenes from landslide hit Wayanad district.
Defending champion Aryna Sabalenka and Madison Keys made rocky starts on Thursday but eventually secured contrasting victories to set up a heavy metal Australian Open final showdown
A day after the wedding of the year, a special function, called the Shubh Ashirwad, was held on July 13 to bless the newlyweds, Radhika and Anant Ambani.
Prime Minister Narendra Modi made history by attending Christmas celebrations organised by the Catholic Bishops' Conference of India in New Delhi on Monday, December 23, 2024.
'Nick Kyrgios without his serve is probably not -- I'm not a threat to many players.'
That's the 27 year old who shot an insurance CEO in New York and nearly got away with it...until he was spotted at a McDonalds in Pennsylvania by an alert employee who tipped off the cops...
The search for survivors continues after several devastating landslides triggered by heavy rainfall hit the hills in Wayanad district.
Gold demand in India witnessed a 5 per cent on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the the World Gold Council. The World Gold Council (WGC) in a report on Wednesday said gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.
'The global climate system doesn't look at where the carbon dioxide is coming from. 'It may be emitted by the US, but it will not remain above the US alone but covers the whole world.'
While forthcoming with Murray, Djokovic was in no mood to elaborate on comments that he had been fed poisoned food while in detention during the 2022 Australian Open visa saga.
Rising demand for premium devices, led by Apple and Samsung, is expected to increase India's smartphone market size to over $50 billion (about Rs 428,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday. The Indian smartphone market size was estimated at $37.9 billion (about Rs 3.25 lakh crore) in 2021, according to the research firm.
Afghanistan's Azmatullah Omarzai won the first-ever ICC ODI Cricketer of the Year Award for his war-torn country.
Reserve Bank on Tuesday cautioned public against "deepfake" videos of the governor being circulated on social media that claim the launch of or support to some investment schemes by the central bank. In a statement, the RBI cautioned public on "deepfake videos of Top Management" circulated over social media giving financial advice.
Hyundai Motor India Ltd has become the country's fifth most valuable auto firm by market valuation in its debut trade on Tuesday. Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, listed at Rs 1,931, reflecting a decline of 1.47 per cent against the issue price of Rs 1,960 on the BSE earlier in the day. The stock slumped 7.80 per cent to Rs 1,807.05 during the day and finally ended at Rs 1,820.40 apiece, down 7.12 per cent.
Propelled by strong demand and lower costs, the country's largest airline, InterGlobe Aviation (IndiGo), reported solid operational performance in the 2024-25 (FY25) October-December quarter (Q3). While demand was driven by the festival season, year-end increase, and higher consumer spending, lower fuel and rental costs helped deliver a beat at the operating profit level.
Images from Day 7 of the 2025 Australian Open at Melbourne Park on Saturday.
Zverev fresh for Australian Open final after being spared gruelling Djokovic test
Power Grid Corporation of India's (PWGR's) Q3FY25 revenue declined 3 per cent year-on-year (Y-o-Y) to Rs 11,200 crore, with operating profit falling 7 per cent Y-o-Y to Rs 9,500 crore and margin contracting to 85 per cent from 91 per cent Y-o-Y. Other income surged 89 per cent Y-o-Y to Rs 500 crore, but regulatory income dropped 62 per cent Y-o-Y to Rs 42.5 crore.
Devasahayam Pillai, who embraced Christianity in the 18th century, on Sunday became the first Indian layman to be declared a saint by Pope Francis during an impressive canonisation ceremony at the Vatican.
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