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Chief Economic Advisor V Anantha Nageswaran Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent t ...Read More >
NEW DELHI: Building materials and equipment company Astral Ltd's share price fell by nearly 8 per cent during the early trade on Tuesday after the firm reported a decline of over 30 per cent in its net profit for the first quarter of the current financial year (Q1 FY26). At around 11:43 a.m., the company's shares were trading at Rs 1, 282.70, down 7.16 per cent. The stock opened at Rs 1, 310.10, falling significantly against last session's closing of Rs 1, 381.60. The scrip further extended its ...Read More >
New Delhi, Aug 12 (SocialNews.XYZ) Building materials and equipment company Astral Ltd's share price fell by nearly 8 per cent during the early trade on Tuesday after the firm reported a decline of over 30 per cent in its net profit for the first quarter of the current financial year (Q1 FY26). At around 11:43 a.m., the company's shares were trading at Rs 1,282.70, down 7.16 per cent. The stock opened at Rs 1,310.10, falling significantly against last session's closing of Rs 1,381.60. The scrip ...Read More >
The Reserve Bank of India (RBI) is widely expected to keep policy rates unchanged this week, showed an ET poll of economists, as monetary experts assess the economic fallout of the punitive 25% US tariffs and await clarity on the contours of a trade deal between New Delhi and Washington. The Reserve Bank of India (RBI) is widely expected to keep policy rates unchanged this week, showed an ET poll of economists, as monetary experts assess the economic fallout of the punitive 25% US tariffs and a ...Read More >
Tura (Meghalaya), Aug 4 (PTI) An official of the Meghalaya Agriculture Department was swept away by strong currents of the Ganol River in West Garo Hills district while attempting to cross the water body during a family picnic, police said on Monday. The missing official, identified as Teseng M Sangma, was posted at Ampati in South West Garo Hills district and resided in staff quarters near Dolampong in Araimile police station area in Tura. Teseng had gone to Sella Wari near Ganol River for a ...Read More >
Mumbai (Maharashtra) [India], August 4 (ANI): Indian stock markets opened with marginal gains on Monday as the indices rebounded from oversold levels despite ongoing foreign portfolio investor (FPI) outflows and weak global cues. The NIFTY 50 index opened at 24,596.05, showing a slight increase of 30.70 points or 0.12 per cent. Meanwhile, the BSE Sensex began the day at 80,765.83, with a modest gain of 165.92 points or 0.21 per cent. Also Read | RBI Monetary Policy Meet: 3-Day RBI MPC Begins, ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
Mumbai (Maharashtra) [India], August 4 (ANI): Indian stock markets opened with marginal gains on Monday as the indices rebounded from oversold levels despite ongoing foreign portfolio investor (FPI) outflows and weak global cues. The NIFTY 50 index opened at 24,596.05, showing a slight increase of 30.70 points or 0.12 per cent. Meanwhile, the BSE Sensex began the day at 80,765.83, with a modest gain of 165.92 points or 0.21 per cent. Experts attributed the opening gains to a technical bounce a ...Read More >
NEW DELHI: Amid worsening weather conditions and continuous rainfall in parts of Uttar Pradesh, all government and private schools from Classes 1 to 12 in Lucknow will remain closed on Monday, according to district magistrate Visakh G Iyer.Several parts of Varanasi were inundated on Monday following relentless downpours and a steady rise in the water level of the River Ganga. The river has been rising continuously since Saturday, triggering concerns of urban flooding.In response, authorities hav ...Read More >
MUMBAI, Aug 4 (Reuters) - India's central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or 44 of 57, in a July 18-24 Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to hold the repo rate at 5.50% on August 6. However, sentiment has shifted following th ...Read More >
MUMBAI (Reuters) -India's central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or 44 of 57, in a July 18-24 Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to hold the repo rate at 5.50% on August 6. However, sentiment has shifted following the tariff ...Read More >
MUMBAI: After the transfer of Mahadevi, an elephant belonging to a Jain shrine in Kolhapur, to Vantara, an animal rescue and rehabilitation initiative by the Reliance Foundation in Jamnagar, those who were unwilling to let go staged a march on Sunday. Thousands of locals and leaders from the ruling Mahayuti alliance in Kolhapur marched for 45 km from the shrine to the collector's office, demanding that Mahadevi be brought back, following which CM Devendra Fadnavis said he would hold a meeting on ...Read More >
MUMBAI (Reuters) -The rupee is likely to stay under pressure this week as concerns over steep U.S. tariffs on Indian exports linger, while the Reserve Bank of India's upcoming policy decision also looms large over the currency and government bonds. The rupee closed at 87.54 against the U.S. dollar on Friday, down 1.2% for the week, pressured by persistent foreign portfolio outflows and a 25% levy on Indian exports. While the local unit is hovering near its weakest level since February, fresh tar ...Read More >
Mumbai, Aug 3: The Reserve Bank of India is expected to maintain the key short-term lending rate, or repo rate, at 5.5% in its upcoming monetary policy review on Wednesday, despite economic headwinds and persistent uncertainty over US tariffs. According to leading economists, the central bank may opt for a wait-and-watch approach after having already delivered three consecutive rate cuts totalling 100 basis points. The Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, wi ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the relevant option on the ITR-1 or ITR-2 form. With commercial or professional income, the regulations are stricter. Only once in your lifetime may you return ...Read More >
Mumbai, Aug 3 (PTI) The Reserve Bank is likely to hold the key short-term lending rate at 5.5 per cent in its upcoming bi-monthly monetary policy on Wednesday after three back-to-back reductions, notwithstanding the headwinds to near-term economic growth in the wake of elevated US tariff uncertainties and subdued inflation trends, according to experts. However, some experts opined that the central bank may go for another round of rate cuts as challenges to the growth outlook outweigh potential ...Read More >
Hyderabad: Actor Vijay Deverakonda is all set to return to the silver screen in a never-seen-before avatar with Kingdom, an action drama film that focuses on the themes of betrayal, vengeance, and redemption. The upcoming film is scheduled to release across India on July 31, and its Hindi version has officially been titled Saamrajya. Directed by Gowtam Tinnanuri, best known for the National Award-winning Jersey, Kingdom/Saamrajya features Deverakonda in a rugged and physically intense role. The ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Central Bank of India on Saturday reported a 33 per cent year-on-year (YoY) growth in net profit, reaching Rs 1,169 crore for the first quarter of FY26, the bank said in an exchange filing on Saturday. In the same period last year (Q1 FY25), the public sector lender had posted a net profit of Rs 880 crore. Total income in the quarter ended on June 30 rose to Rs 10,374 crore, up from Rs 9,500 crore in Q1 FY25. Of this, interest income improved to Rs 8,589 crore, ...Read More >
New Delhi, Jul 19 (PTI) State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad debts. The Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal year. The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of Indi ...Read More >
The Reserve Bank of India (RBI) may find space to ease policy rates in the near term, as urban consumption remains soft and external demand conditions stay uncertain, according to a report by ICICI Bank. With the central bank maintaining a neutral stance and data-dependent approach, prevailing economic indicators could justify a 25 basis point rate cut as early as August. "Monetary policy is forward looking and next year inflation prints are likely to move higher on the back of a low base, but ...Read More >
Investing.com -- Shares of Wise (LON:WISEa) fell sharply on Thursday after the company's fiscal first-quarter results came in below expectations, weighed down by increased currency market volatility. The fintech firm posted underlying income of £362 million ($485 million) for the three months ending in June, falling short of the £372 million average estimate from analysts surveyed by Bloomberg. Despite the miss, Wise reaffirmed its full-year outlook, maintaining guidance for up to 20% growth ...Read More >
ET Intelligence Group: Wipro's June quarter performance was better than the muted expectations of analysts. The company continued to report traction in new deals helped by the sustained business momentum in the recently acquired entities. While the management stated that uncertainty in the global business environment persisted, it also highlighted that the new deal wins consisted of some of the contracts that resulted from vendor consolidation, reflecting its competitive offerings. In addition, ...Read More >
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may go for another cut in the policy rate of 25 basis points (bps) in the upcoming August policy meeting, bringing it down to 5.25 per cent, according to a report by ICICI Bank. The report explained that the growth outlook in India remains mixed. While urban demand is weak, rural demand continues to remain strong. Goods exports to the United States are showing improvement, but exp ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. Also Read | Stocks To Buy or Sell Today, July 18, 2025: Hitachi Energy India, NTPC, HCL Technologies Among Shares That May Remain in Focus on Friday. According to preliminary info ...Read More >
Mumbai: State Bank of India's (SBI) record ₹25,000-crore institutional share sale was bid more than four times the stock on offer, with marquee names such as the $11-trillion asset manager BlackRock Group and London hedge fund Marshall Wace joining the queue to buy into the mass lender's first such capital-raising in eight years, people familiar with the bids told ET. Against ₹25,000 crore of stock SBI offered in India's biggest qualified institutional placement (QIP) to date, the most-valued g ...Read More >
MUMBAI: State Bank of India's Rs 25,000 crore qualified institutional placement (QIP) has been oversubscribed by over three times, with investment bankers expecting bids to touch Rs 1 lakh crore.The Life Insurance Corporation of India and domestic mutual funds such as HDFC Life and ICICI Prudential Life were among the top investors who bid for the shares. Foreign investors included Nomura, Millennium, BlackRock, and British hedge fund Marshall Wace.Bankers said foreign investors view the State B ...Read More >
MUMBAI: Axis Bank's net profit slipped 4% year-on-year to Rs 5,806 crore in the quarter ended June 2025, dragged down by a sharp rise in provisions. The higher provisions were due to a one-off accounting adjustment, which the bank described as a "technical impact" or an internal recalibration of its bad loan classification.This adjustment, applied to cash credit, overdraft products, and one-time settled accounts, resulted in Rs 2,709 crore of fresh slippages. That alone triggered additional prov ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
Mumbai: Axis Bank reported a 4% fall in its June quarter net profit to ₹5,806 crore, below consensus estimates, as provisions rose sharply at the private lender and business income was tepid. Analysts polled by Bloomberg had estimated PAT at ₹6,375.8 crore. The lender had reported profits of ₹6,034.6 crore in the same period last year. Net interest income or the core income of the bank for the quarter under review was flat at ₹13,560 crores versus ₹13,448 crore in the corresponding quarter last ...Read More >
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