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New Delhi, Jun 26 (PTI) Amid rate moderation by the Reserve Bank, Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Friday for review their financial performance and progress of various government flagship schemes. According to sources, the finance minister may exhort them to increase credit flow towards productive sectors of the economy. Also Read | What Are the New Metro Compensation Rules in India? Ministry of Housing and Urban Affairs Enhances ...Read More >
New Delhi: The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham. It will start on July 2. In this Test, Shubman Gill has a chance to create history. Actually, the Indian team has not been able to win on this ground so far. Team India played the first match on this ground in 1967. Be it Virat Kohli or Dhoni or Dravid or Sourav Ganguly, no Indian captain has won here in 58 years. However, Gill will have a chance to get his name register ...Read More >
New Delhi, Jun 26 (PTI) Amid rate moderation by the Reserve Bank, Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) on Friday for review their financial performance and progress of various government flagship schemes. According to sources, the finance minister may exhort them to increase credit flow towards productive sectors of the economy. This is going to be the first review meeting after the Reserve Bank earlier this month carried out a jumbo poli ...Read More >
Mumbai, Jun 26 (PTI) Sales of listed manufacturing sector companies rose by 6 per cent during 2024-25 as compared to 3.5 per cent growth in the preceding year, mainly led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among the major industries, petroleum and iron & steel sectors recorded a contraction in their sales during 2024-25, it said. On Thursday, the Reserve Bank released data on the performance of the ...Read More >
Apart from equities, FPIs pulled out Rs 6,709 crore from debt general limit and Rs 5,974 crore from debt voluntary retention during June 2-6. After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month, triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and Rs 4,223 crore in April, data with ...Read More >
Mumbai: Banks have started to reduce lending rates, passing the benefit of the Reserve Bank of India's reduction of repo rate. This is expected to benefit home loan borrowers as well as small businesses, as most of these loans are linked to external benchmarks like the RBI's repo rate. Bank of Baroda and Punjab National Bank reduced repo-linked lending rate by 50 basis points each. Bank of Baroda's revised repo-linked lending rate (RLLR) now stands at 8.15% compared to 8.65%, while PNB's RLLR ...Read More >
New Delhi: State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark. Pursuant to the Reserve Bank of India (RBI) reducing the policy repo rate, the bank has slashed its Repo Linked Lending ...Read More >
New Delhi, Jun 8 (PTI) State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark. Also Read | Encroachers Can't Claim Right To Continue Occupying Public Land, Says Delhi High Court. Pursuan ...Read More >
FII outflow: The total FII outflow has now reached Rs 1.01 lakh crore in 2025 and analysts think renewed US-China trade tensions and rising US bond yields, which steered investors towards safer assets, could be the reasons for this negative sentiment. (Picture Credit: freepik) New Delhi: After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China ...Read More >
New Delhi [India], June 8 (ANI): Bank of Baroda (Bank), one of India's leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India. This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or businesses. The revised rates came into effect from June 7, the public sector bank said in a statement. With this the Bank's Repo Linked Lending ...Read More >
New Delhi [India], June 8 (ANI): Bank of Baroda (Bank), one of India's leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India. This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or businesses. Also Read | Online Scam in Navi Mumbai: Woman Loses INR 49 Lakh After Being Lured With 'Gift' From Abroad. The revised rates came i ...Read More >
Mumbai, June 8 (SocialNews.XYZ) Several major banks, including Punjab National Bank (PNB), Bank of India and UCO Bank, have slashed their lending rates following the Reserve Bank of India's (RBI) recent decision to cut the repo rate by 50 basis points. The rate cut is part of the RBI's strategy to stimulate economic growth by making borrowing more affordable for both consumers and businesses. Punjab National Bank was among the first to pass on the benefit, lowering its repo-linked lending rate ...Read More >
New Delhi, Jun 8 (PTI) Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted. "Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central ...Read More >
MUMBAI: The Nifty 500 index climbed 3.50 per cent in May, driven by steady gains in Industrials, Consumer Discretionary, and Financial Services sectors, an analysis by the Motilal Oswal observed. Sectoral indices of FMCG (Fast-Moving Consumer Goods) and utilities underperformed, posting slight declines of -0.09 per cent and -0.04 per cent, respectively, as per the analysis. As per the observation, broader market sentiment remained positive, with the Nifty 50 up 1.71 per cent and the Nifty Midca ...Read More >
New Delhi [India], June 8 : The Nifty 500 index climbed 3.50 per cent in May, driven by steady ... New Delhi [India], June 8 : The Nifty 500 index climbed 3.50 per cent in May, driven by steady gains in Industrials, Consumer Discretionary, and Financial Services sectors, an analysis by the Motilal Oswal observed. Sectoral indices of FMCG (Fast-Moving Consumer Goods) and utilities underperformed, posting slight declines of -0.09 per cent and -0.04 per cent, respectively, as per the analysis. A ...Read More >
New Delhi [India], June 8 (ANI): The Nifty 500 index climbed 3.50 per cent in May, driven by steady gains in Industrials, Consumer Discretionary, and Financial Services sectors, an analysis by the Motilal Oswal observed. Sectoral indices of FMCG (Fast-Moving Consumer Goods) and utilities underperformed, posting slight declines of -0.09 per cent and -0.04 per cent, respectively, as per the analysis. Also Read | Indore Horror: Dog Carries Baby Girl's Body in Its Jaws at Madhya Pradesh Hospital, ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastr ...Read More >
Bhubaneswar: The announcement by Reserve Bank of India (RBI) on Friday to cut the repo rate by 50 basis points to 5.5% is likely to have far-reaching implications, particularly in tier-II cities like Bhubaneswar, where middle-income homebuyers stand to benefit from more accessible home loans, experts said.Amit Mamgain, director of a real estate firm, said that home loans with interest rates below 7.75% will make housing more affordable, especially in the mid-income and affordable housing segment ...Read More >
Mumbai (Maharashtra) [India], June 7 (ANI): Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments staying in the negative territory. According to data released by NSDL, FPIs pulled out a total of Rs 8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market during most of the week. The withdrawal came amid global uncertainties and cautious ...Read More >
Mumbai, June 7 (SocialNews.XYZ) Foreign Portfolio Investors (FPIs) turned net buyers of Indian stocks on Friday, picking up shares worth Rs 1,009.7 crore, according to latest provisional data from the National Stock Exchange (NSE). This marked a positive turn as investor confidence continues to grow. Domestic Institutional Investors (DIIs) also remained active buyers for the 14th straight session, investing Rs 9,342.5 crore in equities. One of the key highlights of the day was a major transact ...Read More >
New Delhi: Indian Stock Market Foreign Investors: Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments remaining in negative territory. According to data released by NSDL, FPIs pulled out a total of ₹8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market for most of the week. The withdrawal came amid global uncertainties and cautious in ...Read More >
New Delhi [India], June 7 (ANI): Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research. The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions. It said, 'Banking, NBFCs, real estate, and automobiles are well positioned ...Read More >
AFP | Mumbai Email : editor@newsofbahrain.com India India's central bank cut interest rates more than expected yesterday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the country's outlook. The Reserve Bank of India (RBI) lowered the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points to 5.5%. A majority of analysts had expected 25-basis-point reduction. The cut was its third in a row and comes a w ...Read More >
India's International Train Links: These 5 Indian Stations Connect You To Another Country By Train Kerala Lottery Results Saturday 07-06-2025 LIVE: The Kerala Lottery Department, on behalf of the state government, will announce the results for the Karunya KR-709 draw today, June 07, 2025. The lucky draw will take place at Gorky Bhavan, near Bakery Junction in Thiruvananthapuram. This week's Karunya KR-709 lottery includes 12 series, with the series being subject to change each week. A total of ...Read More >
New Delhi [India], June 7 (ANI): Sectors such as banking, NBFCs, real estate, and automobiles are expected to be the key beneficiaries of the current easing interest rate environment, according to a report by Nexedge Research. The report mentioned that with borrowing costs on a downward trend, these rate-sensitive segments are likely to witness stronger credit flow, lower financing costs, and improved demand conditions. It said, 'Banking, NBFCs, real estate, and automobiles are well positioned ...Read More >
New Delhi: New Delhi : The Reserve Bank of India (RBI) surprised markets by frontloading its monetary easing with a 50-basis point rather than the consensus 25-basis point repo rate cut on Friday. One basis point is one hundredth of a percentage point. By changing the policy stance from accommodative to neutral, it has also sent a signal that there could be no more rate cuts in the near-term. What explains these decisions by the central bank? What do they mean for the Indian economy? Here are so ...Read More >
New Delhi [India]: Lending rates are expected to fall by around 30 basis points (bps) following the recent policy rate cut, according to a report by the State Bank of India (SBI). The report highlighted that the immediate impact will be seen on loans linked to the external benchmark lending rate (EBLR), which make up about 60 per cent of the loan book of All Scheduled Commercial Banks (ASCBs). SBI said "The steep cut on policy rates is expected to pass on to the EBLR linked loan book immediate ...Read More >
NEW DELHI: The recent policy actions by the Reserve Bank of India (RBI) appear to mark the end of the current interest rate cutting cycle, according to a report by Union Bank of India. The report states that the terminal repo rate is now likely to settle at 5.50 per cent, assuming a real interest rate of around 150 basis points and an inflation forecast of 4 per cent for the financial year 2025-26. It said, "We believe that this stealth easing concludes the rate cutting cycle for now with termi ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contract ...Read More >
Mumbai: Benchmark equity indices surged on Friday, with the Sensex climbing 746.95 points and Nifty reclaiming the 25,000-level after the RBI cut interest rates by more-than-expected 50 basis points -- a third consecutive reduction -- and reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds. Recovering all the early lost ground, the 30-share BSE Sensex jumped 746.95 points, or 0.92 per cent, to settle at 82,18 ...Read More >
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