New Delhi: The Reserve Bank of India (RBI) recently reduced the key repo rate by 25 basis points to 6 per cent, prompting several banks to realign their Savings deposit…
Category: Economy
RBI To Buy Govt Bonds Worth Rs 40,000 Crore On April 17
Mumbai: The Reserve Bank of India (RBI) on Friday announced that it will conduct an Open Market Operation (OMO) purchase of government bonds worth Rs 40,000 crore on April 17. …
Sensex, Nifty Surge Over 2% As Positive Global Cues Boost Investors’ Sentiment
Mumbai: India’s frontline equity indices on Tuesday surged in a massive bull rally in the early trade, as positive global cues improved investors’ sentiment. After the opening bell, the Nifty…
Banks To Pay 8% Interest Per Annum For Delay In Pension Disbursement: Check RBI Circular
New Delhi: The Reserve Bank of India has issued a Master Circular regarding the Disbursement of Government Pension by Agency Banks. In a circular issued earlier this month (April 1),…
Firms Dealing With Indian Railway Sector To Gain From Robust Order Book: Report
New Delhi: Revenues of the entities operating in the Indian railway sector are expected to expand at a moderate rate of 5 per cent in FY2026, primarily driven by robust…
GST On Apartment Maintenance Not New, Rule Exists Since 2019: Tax Officials
New Delhi: Amid rising concerns and confusion among apartment residents, tax officials have clarified that the Goods and Services Tax (GST) on apartment maintenance charges is not a new rule.…
RBI Repo Rate: Good News For Borrowers! SBI Reduces Interest Rate By 25bps; Effective From THIS Date…
RBI Repo Rate: The State Bank of India (SBI) has cut its lending rates by 25 basis points, following the Reserve Bank of India’s recent policy rate reduction. This move…
US Dollar Falls For 5th Straight Day Amid Tariff Tensions
New Delhi: The US dollar fell 0.7 per cent on Monday — marking its fifth day of decline in a row. It pushed the DXY index, which measures the dollar’s…
Dr Reddy’s Cuts Workforce Cost By 25 Pc, Lays Off Employees Above Rs 1 Cr Package: Report
New Delhi: Drugmaker Dr Reddy’s Laboratories is allegedly reducing its workforce costs by nearly 25 per cent, and also laying off employees earning above Rs 1 crore yearly, according to…
Indian Stock Market Set For Data-driven Outcomes This Week
Mumbai: The current week is poised to be a crucial one for global markets, including the Indian benchmark indices, as inflation, industrial activity and employment data line up across the…