A widening supply gap for rare earth magnets is threatening to disrupt India’s electric vehicle manufacturing, with a Jefferies report warning that domestic firms may soon hit a dead-end unless alternative sourcing or stockpiling solutions are found.Several Indian EV makers are reportedly struggling to secure magnet imports from China, which are essential for producing EV…
India’s automobile sector has welcomed the Reserve Bank of India’s latest rate-cut move, calling it a timely intervention that could improve financing access, strengthen consumer sentiment, and support overall retail growth.On Friday, the RBI reduced the repo rate by 50 basis points to 5.5% and cut the Cash Reserve Ratio (CRR) by 100 basis points…
NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, marking its third rate cut this year. Alongside, the Cash Reserve Ratio (CRR) has also been reduced by 1% to 3%, injecting Rs 2.5 lakh crore into the banking system. While this move brings relief…
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must…
The RBI has now cumulatively cut the repo rate by 100 basis points since the start of this year. (AI image) RBI MPC Meet: RBI governor Sanjay Malhotra surprised everyone pleasantly by cutting the repo rate by a larger-than-expected 50 basis points. Experts had widely predicted a 25 basis points rate cut, barring exceptions like…
RBI monetary policy today RBI MPC Meeting: In a big cheer for loan borrowers, RBI governor Sanjay Malhotra announced a more-than-expected 50 basis points repo rate cut. The repo rate now stands at 5.5%, down from 6%. RBI has cumulatively cut the repo rate by 100 basis points since its February policy review. However, RBI…
Gold’s recent price action indicates exhaustion at higher levels, creating an ideal setup for contrarian traders. (AI image) Gold price prediction today: Gold prices have been rising, but are also below their record low. Gold rate rise is showing signs of exhaustion. Where are MCX Gold prices headed and what should investors do? Should they…
JP Morgan has an overweight rating on Reliance Industries with a price target of Rs 1,568. Analysts feel that RIL’s Earnings in the next two years should be better than the last two. They said that RIL’s stock price has felt the pressure of large earnings cuts driven by weaker commodity EBIT (earnings before interest…
Investor confidence appears shaken, resulting in substantial paper losses for Musk’s personal Tesla shareholding, dropping $20 billion in a single day. (AI image) Tesla share price crash: Elon Musk and Donald Trump’s escalating spat has wiped out a whopping $150 billion from Tesla’s market cap. Tesla’s share price crashed over 14% as shareholders hastily sold…
MUMBAI: Two promoter entities of financial services major Bajaj Finserv are set to sell nearly 2% of the company through block deals on Friday, aiming to raise about Rs 5,800 crore ($679 million). Bajaj Holdings & Investment and Jamnalal Sons have put 3.1 crore Bajaj Finserv shares on the block at a base price of…
