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…
BRESCIA: Commerce and industry minister Piyush Goyal on Thursday suggested an exclusive Italian enclave, complete with schools and hospitals, in one of the industrial towns as he sought to woo investors to set up businesses in the country.Goyal said the industrial town in Chhatrapati Sambhajinagar, where Maharashtra govt is eyeing an expansion over 5,000 acre,…
India and Italy on Thursday said a meeting will shortly be held in Mumbai to push forward India-Middle East-Mumbai Economic Corridor, which has been affected by the tension in West Asia. Commerce & industry minister Piyush Goyal said issues around financing and other aspects will be discussed. Source link
CHENNAI: Just three years after he was appointed MD of TVS Motor, 36-year-old Sudarshan Venu is all set to take over as chairman of the company. TVS Motor has announced that its board has “unanimously” named Sudarshan Venu as “incoming chairman of the company.” Effective August 2025, Sudarshan Venu will be appointed CMD of TVS…
