India’s rate-setting panel kept the policy rate unchanged and Reserve Bank of India governor Sanjay Malhotra indicated that benchmark rates could remain low for an extended period despite the global…
Category: Economy
India’s growth may slow to 6.6% in FY27 due to West Asia war: World Bank
New Delhi: India’s economy faces a substantial hit from energy shocks and trade disruptions caused by the West Asia conflict. The Indian economy is likely to grow at 6.6% in…
Jet fuel crisis to last months even after Iran-US ceasefire, IATA warns
Global jet fuel markets are unlikely to stabilise quickly despite a tentative reopening of the Strait of Hormuz, with the head of the International Air Transport Association warning that supply…
RBI agrees to ‘demand from some quarters,’ unveils first-ever core inflation projection at 4.4% for FY27
The Reserve Bank of India (RBI) on Wednesday announced its projections for core inflation—the rise in prices after stripping out the impact of food and energy price changes—with governor Sanjay…
India needs to keep constant vigil on external developments, says RBI governor
India needs to keep a constant vigil on ongoing geopolitical developments, even as its external sector indicators remain favourable, Reserve Bank of India (RBI) governor Sanjay Malhotra said on Wednesday.…
RBI holds key policy rate at 5.25%
Mumbai: The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Wednesday kept the repo rate steady at 5.25% and maintained its stance as ‘neutral’. A and market participants…
Iran war, Oracle layoffs, El Niño worries: What’s keeping the world on edge
Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The…
Oil prices plunge below $100/bbl after US, Iran agree on 2-week ceasefire
Global oil prices fell around 14% on Wednesday morning, with both Brent and WTI trading below $100 per barrel after the US, Israel and Iran agreed to a two-week ceasefire.…
India’s data centre electricity demand makes planners go back to drawing board to map new energy security playbook
NEW DELHI: India’s apex power sector planning body has gone back to the drawing board to map electricity demand amid concerns that a concentration of data centres coming up in…
Oil production to take hit, output from Middle East expected to drop by 9 million barrel per day
Oil production from the Middle East is expected to be significantly impacted in April, with output from the region likely to reduce by around 9 million barrels per day in…