The global financial services major had earlier said that the central bank would keep its policy rates on hold.
US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.
Tencent reinforces India's consumer internet story. Ranju Sarkar reports.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
Our focus around technology, cost efficiency, persistency and effective distribution channel will continue, says the ICICI Bank MD and CEO.
Other private banks also planning to employ bots soon
In many parts of central and north India, monsoon reaches only in July.
Despite low tariffs, voice usage is not growing.
Car sales likely to touch record 3-mn mark by the end of March.
'The government has used the current macro situation to its advantage.'
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The passenger car segment, in comparison, remained sluggish and grew a modest 1.9 per cent to 162,566 units in April
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Attractive pricing coupled with improving prospects make the offer lucrative
RBI policy surely cannot impact agflation, in any case.
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Hyundai, which is also toeing Maruti's lines, said special schemes are offered to engage the cab aggregators, including annual-maintenance-contract packages and extended warranty.
India has achieved 100 per cent electrical connectivity, but 100 per cent electrification remains a long-drawn task, says Shreya Jai.
Lower crude oil prices would impact India's inflation, CAD.
Even as good days continue to elude the economy at large, they seem to have arrived for Maruti Suzuki.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
'The idea is to align the HR policies and work culture with changing times'.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
Jet Airways made a stand-alone profit of Rs 87.5 crore (Rs 875 million).
Sabarmati railway station is the venue for the ground-breaking ceremony, be chaired by Modi and Abe, of the Rs 98,000-crore Ahmedabad-Mumbai high-speed rail project.
India showed revival signs in the March quarter.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
This is the first time in the history of the airport operator that revenue crossed Rs 10,000 crore.
Brokerages expect better financials as management is determined to improve profitability.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
FMCG has been behaving unlike a defensive category in recent quarters.
Essentially, the focus will be on cracking big deals.
The S&P BSE Sensex plunged 128 points to end at 25,102.
As Delhi-NCR chokes on post-Diwali pollution, demand for air purifiers has spiked with manufacturers such as Eureka Forbes, Blueair, Kent RO and Panasonic expecting up to four-fold jump in sales.
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