Economy

Mumbai: The Reserve Bank of India (RBI) announced on Wednesday that it has decided to standardise and simplify the procedure for settlement of claims in respect of deposit accounts of deceased customers of banks so that bereaved families do not face any hardship in getting the money or valuables due to them. Currently, the procedure

Mumbai: The Reserve Bank of India (RBI) on Wednesday pegged India’s CPI inflation at 3.1 per cent for FY2025-26, as the steady progress of the monsoon and robust kharif sowing are expected to keep food prices in check. RBI Governor Sanjay Malhotra said, “The inflation outlook for 2025-26 has become more benign than expected in

Mumbai: Following the Reserve Bank of India’s (RBI) decision on Wednesday to maintain the repo rate at 5.50 per cent, the benchmark index Nifty 50 experienced a slight decline, falling below the 24,600 resistance level. The Nifty 50 was trading at 24,569 as of 10.54 am, after an intraday decline of 0.33 per cent, while

Mumbai: The RBI on Wednesday retained its forecast for India’s GDP growth at 6.5 per cent for FY 2025-26, despite global uncertainties, as it expects strong rural demand on the back of a good monsoon and robust government expenditure on big ticket infrastructure projects to propel growth. RBI Governor Sanjay Malhotra said, “The above normal

Mumbai: RBI Governor Sanjay Malhotra announced on Wednesday that the monetary policy committee has decided to keep the repo rate unchanged at 5.5 per cent, while sticking to the “neutral” monetary policy stance. He said the decision was taken unanimously by the MPC after a detailed assessment of the macroeconomic situation and the growth-inflation dynamics.

Mumbai: The Indian equity benchmarks opened flat on Wednesday, ahead of the Reserve Bank of India (RBI) Monetary Policy Committee’s decision. Sensex gained 64 points or 0.08 per cent at 80,774 while Nifty edged up 16 points or 0.07 per cent to 24,665. Broad cap indices saw higher selling pressure. The Nifty midcap 100 index

New Delhi: The daily unified payments interface (UPI)-based transactions have crossed 700 million for the first time, touching 707 million, according to the latest National Payments Corporation of India (NPCI) data. The feat was achieved on August 2. Over the past two years, the number of daily transactions has doubled, even though growth has slowed

New Delhi: The Indian equities witnessed a subdued opening session on Tuesday amid fresh threat from the US President Donald Trump to impose higher tariffs on India over Russian oil purchase. Sensex declined 199 points or 0.25 per cent to 80,819 (as of 9.30 am). The Nifty slipped 44.05 points or 0.18 per cent to

Mumbai:  Adani Ports and Special Economic Zone Limited (APSEZ) on Monday reported an 8 per cent year-on-year (YoY) rise in cargo volumes for July, handling 40.2 million metric tonnes (MMT). The growth was led by a strong 22 per cent jump in container volumes, according to company’s operational performance update in a stock exchange filing.

New Delhi: The Adani Group plans a long-term investment in Vietnam of up to $10 billion, according to a report in Vietnam’s Tuoi Tre News. Group Chairman Gautam Adani revealed the investment plan during a meeting with Vietnamese Party General Secretary To Lam in Hanoi, as part of his business trip to Vietnam last week, the report