Economy

Mumbai: The Securities and Exchange Board of India (SEBI) has ordered the attachment of absconding businessman Mehul Choksi’s bank accounts, mutual funds, and shares in an effort to recover Rs 2.1 crore. The amount is related to a penalty imposed on him for violating insider trading rules in the shares of Gitanjali Gems. Choksi, who

Mumbai:  The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday. Taking all these factors into consideration, and assuming a normal monsoon, CPI inflation for the financial year 2025-26 is now projected at 3.7 per

New Delhi: The jumbo 50 bps rate cut by the Reserve Bank of India (RBI) will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said on Friday. The decision comes at a pivotal time, as India, now the world’s fourth-largest economy, is witnessing strong real estate momentum across metros

Mumbai: The RBI has projected India’s GDP growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected to maintain momentum. The quarterly growth rates projected for the financial year are: Q1 at 6.5, Q2 at 6.7,

Mumbai: The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut — from 6 per cent to 5.5 per cent — and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent. The immediate effect of

Mumbai: RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. The RBI Governor also announced a 100 basis points

New Delhi:  The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting kicked off on Wednesday to decide on the repo rate cut and according to economists and industry experts, the Central Bank is likely to go for a third 25 bps cut in the repo rate to 5.75 per cent. Chaired by RBI Governor

Mumbai:  The Nifty Bank index touched a record high of 56,161.40 on Tuesday morning, crossing the 56,000 mark for the first time ever. The surge was driven by strong buying in select banks as investors showed optimism ahead of a possible interest rate cut by the Reserve Bank of India (RBI) later this week. However,

Paris/New Delhi:  Commerce and Industry Minister Piyush Goyal on Monday met some top global CEOs in Paris to explore their future investment plans for the India market in promising sectors like electric vehicle and renewable energy (RE). The minister is on an official trip to France with the aim of boosting trade and investments and

New Delhi: The SBI report on Monday projected a mega 50-basis point rate cut in June’s RBI MPC policy, and a large rate cut could reinvigorate a credit cycle and act as a counterbalance to uncertainty. The cumulative rate cut over the cycle could be 100 basis points, said Dr Soumya Kanti Ghosh, Group Chief