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Consequently, the standing deposit facility (SDF) rate remains at 5 per cent and the marginal standing facility (MSF) rate and the bank rate remain at 5.5 per cent. The committee, which held its 60th meeting from April 6 to 8 under the chairmanship of RBI governor Sanjay Malhotra, also decided to continue with the neutral stance, the monetary policy statement released after the meeting said. Elevated energy and other commodity prices coupled with supply shock due to disruptions in the Strait o ...Read More >
The existing Directorate of Information Technology will be upgraded into a Commissionerate for Electronics, Information Technology and Artificial Intelligence, according to an official statement. A dedicated Information Technology cadre will also be established, with permanent posts at the state secretariat, Mantralaya, commissionerate, and district levels, aimed at enhancing IT, AI, and digital governance across the state. The cabinet meeting was chaired by Chief Minister Devendra Fadnavis. ...Read More >
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services sect ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central bank's six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and di ...Read More >
New Delhi: The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire and reopening o ...Read More >
New Delhi: Global oil prices dropped sharply after Donald Trump announced a two-week ceasefire with Iran, easing supply concerns and triggering a positive reaction across financial markets. Sharp Fall in Crude Prices Brent crude prices fell significantly from around $109.77 to nearly $95 per barrel, while US West Texas Intermediate (WTI) crude also declined by almost $20 per barrel within minutes of the announcement. The sharp correction came as investors anticipated a normalization of oil su ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) has projected India's economic growth to moderate to 6.9% in 2026-27, while inflation is expected to edge higher to 4.6%, as geopolitical tensions and global supply disruptions cloud the macroeconomic outlook. Announcing the first bi-monthly monetary policy of FY27, the RBI said the Monetary Policy Committee (MPC) retained the policy repo rate at 5.25% and maintained a neutral stance, citing a complex trade-off between supporting growth and containing ...Read More >
New Delhi [India], April 8: Axis Max Life Insurance Limited ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across 12 life in ...Read More >
NewsVoir New Delhi [India], April 8: Axis Max Life Insurance Limited ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across ...Read More >
India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently building under the surface. | Image: Bloomberg As the US-Iran-Israel war continues into its second month with no clear end in sight, the economic fallout for India is no longer just about oil spikes or headline volatility. India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently ...Read More >
As Puducherry heads for Assembly polls on April 9, the battle for its 30 seats is increasingly being shaped by competitive populism, with all three major players -- the ruling All-India NR Congress (AINRC)-led NDA, the Congress alliance, and actor Vijay's Tamilaga Vettri Kazhagam -- rolling out expansive welfare promises in a high-stakes triangular contest. At the forefront is the ruling AINRC alliance, though only the BJP among the constituents has unveiled a manifesto packed with voter-focuse ...Read More >
Mumbai, April 3 (IANS) Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the final session ...Read More >
Jaipur, April 7 (SocialNews.XYZ) Union Minister of Agriculture and Farmers Welfare, Shivraj Singh Chouhan, emphasised that agriculture is the backbone of India, with farmers representing the soul of the nation. He stated that the Central Government is working at a rapid pace to make the agricultural sector self-reliant, while also enhancing farmers' incomes and improving their quality of life. Praising Rajasthan's agricultural innovations, he noted that a comprehensive roadmap for the sector h ...Read More >
New Delhi : Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long term wealth creation and financial protection, Promise4Wealth enables participation in market linked returns while offering the assurance of life insurance -- bringing together investment and protection in a more transparent, value ...Read More >
NEW DELHI, April 7, 2026 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next‑generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long‑term wealth creation and financial protection, Promise4Wealth enables participation in market‑linked returns while offering the assurance of life insurance -- bringing together investment and protection ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): The Maharashtra cabinet has approved the establishment of a new independent Department of Electronics, Information Technology and Artificial Intelligence in the state. This is an important step towards achieving the goal of a Developed Maharashtra under the Developed India 2047 vision. The existing Directorate of Information Technology will be converted into the Commissionerate of Electronics, Information Technology and Artificial Intelligence. A new ...Read More >
Gurugram (Haryana) [India], April 7: As electric mobility continues to gain momentum in India, Cars24 today announced a collaboration with Tesla India to introduce an integrated trade-in programme for vehicle owners, making the transition from petrol or diesel cars to electric simpler, faster, and more seamless. Also Read | Personal Law Overrides Bigamy Charges, Says Madhya Pradesh High Court; Quashes Case Against Muslim Husband. For many customers, switching to electric has traditionally mean ...Read More >
NEW DELHI, April 7 (Reuters) - India is planning sovereign guarantees to support insurers that provide cover for vessels travelling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source. A separate $300 million fund with contributio ...Read More >
NewsVoir Gurugram (Haryana) [India], April 7: As electric mobility continues to gain momentum in India, Cars24 today announced a collaboration with Tesla India to introduce an integrated trade-in programme for vehicle owners, making the transition from petrol or diesel cars to electric simpler, faster, and more seamless. For many customers, switching to electric has traditionally meant managing two separate journeys, selling an existing vehicle and purchasing a new one. This programme brings b ...Read More >
New Delhi: The ongoing geopolitical conflicts in West Asia are beginning to exert a measurable impact on India's aviation sector, affecting both airlines and airports through rising fuel costs, operational disruptions, and revenue uncertainties, according to an analysis by EY India. The report highlights that nearly 20 per cent of global jet fuel supply is linked to the Middle East, making the region critical for aviation economics. As a result, volatility in fuel prices has once again emerged ...Read More >
Addressing the media on Monday, Rampur superintendent of police (SP) Somendra Meena said the woman constable's husband, his younger brother and three associates conspired to kill her to allegedly claim insurance and compensation money, while also seeking to remove an obstacle to the husband's alleged relationship with another woman. Police on Monday arrested Daan Singh, 34, the victim's husband, along with Noor Hasan, 27, and Salman, 26. Daan Singh's brother Ravi Singh, 31, and another accused ...Read More >
Rampur (UP), Apr 7 (PTI) A man and two of his associates here were arrested for allegedly killing his constable wife and their three-year-old son to claim Rs 2 crore worth of insurance money and other benefits, and trying to pass off the crime as a road accident, police said on Tuesday. The incident took place on February 25 on the Swar-Bajpur road in Kashipur area under Ganj police station limits in Rampur. When a burnt car was recovered from the spot, it was initially believed to have been a ...Read More >
Mumbai, Apr 6 (PTI) The RBI on Monday said it has cancelled the licence of The Shirpur Merchants' Co-operative Bank as the lender does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on April 6, 2026, the Reserve Bank said in a statement. The Commissioner for Cooperation, Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint ...Read More >
New Delhi: India's fish production has more than doubled over 10 years to 197.75 lakh tonnes in 2024-25 from 95.79 lakh tonnes in 2013-14, making it the second largest producer of marine products in the world, according to a factsheet put out by the Central government on Monday. Collectively, fisheries-related schemes implemented since 2014-15 have generated an estimated 74.66 lakh direct and indirect employment opportunities, underscoring the sector's expanding role in inclusive and sustainabl ...Read More >
NEW DELHI: Finance minister Nirmala Sitharaman on Monday said the government's prudent fiscal management over the last decade has created room for the RBI to cut rates and allow the Centre to offer targeted support to affected sectors."It is also important to note that a good public finance policy improves the counter-cyclical capacity of fiscal policy - especially the ability to 'lean against the wind' in economic downturn. Today, many countries with high debt and large deficits have no room to ...Read More >
MUMBAI: India's banking, financial services and insurance sector, one of the most prolific advertisers in the country, delivered a split verdict on media in 2025. It spent less on television, held its nerve in print, turned up the volume on radio and deluged the internet with a ferocity that left every other medium looking pedestrian. The picture that emerges from TAM AdEx's cross-media report for the BFSI sector is of an industry in transition, still wedded to the news bulletin but increasingly ...Read More >
New Delhi: The impact of the Middle East war in March hit India's services activity, dragging down to a 14-month low of 57.5, but demand remained resilient, led by new export orders across the country. Indicating a loss of momentum in the sector, the cost pressures, however, rose sharply with firms reporting the fastest increase in input prices in nearly four years, a private survey showed on Monday. As per the survey, the seasonally adjusted HSBC India services PMI business activity index fell ...Read More >
New Delhi: April 2026 has unfolded with highly erratic and unseasonal weather across India, as successive western disturbances (WDs) triggered widespread hailstorms, thunderstorms and heavy rainfall, well beyond what is typical for this time of year. The unusual weather pattern has disrupted daily life in northern and central India and has caused severe damage to standing Rabi crops just ahead of harvest. Local field reports indicate crop losses range from 20 per cent to 30 per cent in several ...Read More >
New Delhi, April 6: Digital payments platform PhonePe on Monday announced a limited-period offer on its newly launched co-branded credit card with State Bank of India. The PhonePe SBI Card is being offered with zero joining fee for the first year, allowing customers to access its benefits without any upfront cost. "Users can enjoy the premium benefits of the card at no cost for the first year," the fintech platform said. The card, available on both RuPay and Visa platforms, is tailored for digi ...Read More >
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