The cumulative rate hikes of 2.5 percentage points by the central bank since May 2022 negatively impacted headline inflation by 1.60 per cent, a paper by senior RBI staffers said on Monday. "Policy rate increases have anchored inflation expectations and modulated aggregate demand, generating disinflationary responses," the paper by Deputy Governor Michael Patra, Indranil Bhattacharyya, Joice John and Avnish Kumar, said.
Bajaj Finserv, IndusInd Bank, Adani Ports, UltraTech Cement, Bajaj Finance, Tata Consultancy Services, Infosys, Bharti Airtel, Hindustan Unilever and JSW Steel were the other big laggards.
Wagging its tail non-stop, the dog with a red collar refused to leave Tata's side, literally clinging to the spot next to the casket.
An air of excitement and expectancy pervades Thulasendrapuram village in Tiruvarur district of Tamil Nadu hoping that Democrat Kamala Harris, current vice president, wins the US presidential elections.
Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.
Carlos Alcaraz secured his passage into the fourth round of the Australian Open with a 6-2, 6-4, 6-7(3), 6-3 victory over Nuno Borges.
'Greatness isn't just about what they achieve in their prime. It's about how they adapt, endure, and finish.'
'Kohli, Smith, and Root are writing the final chapters of their stories, and we should honour their courage as much as their brilliance.'
Hint: She's closely related to the bride, Radhika Merchant.
Images from Day 5 of the 2025 Australian Open at Melbourne Park on Thursday.
Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about $11.3 billion. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore. Swiggy has set a price band of Rs 371 to Rs 390 per share for its maiden public issue.
India's medal tally at the ongoing Paralympics has gone up to 27, with six gold medals, nine silver medals, and 12 bronze medals.
Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon.
Post-mortem examination reports of 10 Kuki-Zo youths killed in an alleged gunfight with CRPF in Manipur have revealed that they sustained multiple fatal bullet injuries, with most of them fired from behind. The reports also noted that the youths were in camouflage and khaki dresses when they were brought for autopsy. The incident has raised concerns about the circumstances surrounding the deaths and the ongoing ethnic violence in the state.
Despite gross domestic product (GDP) growth being lower-than-expected for the July-September quarter, the six-member Monetary Policy Committee (MPC) may not cut the policy repo rate in the review meeting scheduled for next week due to high inflation in October, according to experts. "Consumer Price Index (CPI) inflation breaching the upper limit of the RBI's tolerance band in October (6.2 per cent year-on-year) is not a favourable backdrop for the MPC to commence the easing cycle, even as the growth outcome disappointed the MPC's expectations," said Shreya Sodhani, regional economist at Barclays, who expects the policy repo rate to be kept unchanged in the December meeting.
Scenes from the farmers' Delhi Chalo march and protest.
In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that introduced battery as a service (BaaS).
In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsised enterprise (SME) listings, and deepening the fund management ecosystem.
The party said no Congress worker would even entertain the remotest thought of insulting the Pope, whom Christians around the world consider as God-like.
The Jammu and Kashmir government has banned the use of third-party tools like WhatsApp and Gmail for transmitting sensitive official documents, citing security concerns. The order, issued by the General Administration Department, states that these platforms are not designed to handle classified information and their security protocols may not meet the stringent standards required for official communications. It highlights potential risks such as unauthorized access, data breaches, and leaks of confidential information. The order emphasizes the importance of using government email facilities, instant messaging platforms, and secure networks for handling sensitive information. It also prohibits the use of digital assistants and smartphones during discussions on classified matters. The government has warned of disciplinary action for non-compliance with these directives.
'A dress with pockets,' according to her, 'is the most underrated piece of clothing'.
Maharashtra cabinet on Thursday passed a resolution urging the central government to confer 'Bharat Ratna', the country's highest civilian award, on legendary industrialist late Ratan Tata.
The rescuers on Friday found that the family, comprising two males and two females, was isolated after the landslide cut off their house from the rest of the region.
Capital markets regulator Sebi on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services in terms of flexibility in asset construction. The minimum amount of Rs 10 lakh can be invested for the new asset class per investor across all investment strategies of the new product in a particular AMC.
Around six weeks ago, Sun Pharmaceutical Industries, India's largest drugmaker, suffered a setback, which led to a selloff in the share. The US District Court of New Jersey granted Incyte's request for a preliminary injunction against Sun Pharma's launch of Leqselvi, a drug that treats alopecia.
Businessmen from all over the world attended Radhika Merchant and Anant Ambani's wedding at the Jio World Convention Centre, Bandra Kurla Complex, north west Mumbai, on Friday, July 12, 2024.
Check out the schedule for India's athletes at the Paralympics in Paris on Saturday.
Even a whiff of an incident like the violent 1989 shirt-ripping attack on Krishnamachari Srikkanth by a Karachi spectator would be ruinous. It would set back the ties further, derail an ongoing tournament, and harden Indian attitudes on playing Pakistan anywhere at all, asserts Shekhar Gupta.
Nita, Isha and Shloka Ambani were the real scene stealers.
'We don't give any guidance about profitability. We have internal targets but we don't discuss them publicly.'
Senior bankers anticipate discussions on issues related to technology, cyber security, and customer protection.
Brazilian football star Ronaldinho, who widely considered a footballing deity during his playing days, met Pope Francis at the Vatican on Wednesday.
Rubina Francis won a bronze medal in the women's air pistol SH1 event final to continue the strong show from the country's shooters in the Paris Paralympics on Saturday.
The government has invited applications for the post of deputy governor of the Reserve Bank of India (RBI) from interested candidates with at least 25 years of experience and below 60 years of age as on January 15, 2025. One of the deputy governors, Michael Patra's current term will end on 15 January. The last date of submission of applications is November 30, 2024.
The Sri Lankan denied India a golden sweep in the pool, winning the 50m butterflystroke at the SAF Games.
So what is the Pope to do when a little boy rushes his stage and steals the show? Ignore the child and let him play, it seems. A 6-year-old from Argentina walked on to the Vatican stage during Pope Francis' papal audience. The child delighted worshippers and the pontiff alike as he played on stage.
The ship, outbound from Baltimore to Colombo, struck a 1.6-mile-long, four-lane bridge in Baltimore in the early hours of Tuesday morning. Shortly after the collision, the bridge collapsed, crashing on the cargo ship.
Many of the pre-wedding functions have taken place at the Ambani home, Antilia.
Kamlesh Chandra Varshney, a whole-time member of the Securities and Exchange Board of India (Sebi), said on Friday that the market regulator in the last three months had removed around 15,000 content sites linked to unregistered finfluencers or providing unauthorised investment advice. Speaking at the Global Fintech Fest, he said there was successful engagement with the technology providers who are complying with the regulator's request.
Food-delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru. Its rival Swiggy, which had also increased the platform fee in select cities on Sunday, reverted to charging Rs 5 per order on Monday in Delhi, Mumbai and Bengaluru, as shown on its app.
