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Mumbai (Maharashtra) [India], September 29 (ANI): The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to reduce the policy rates by 25 basis points (bps) in its policy announcement on Wednesday, according to a report by Union Bank of India. The report suggested that the downward trend in inflation has created room for such a move, and this cut is being seen as a "booster cut" from the RBI. It stated "Our baseline view is of a 25bps repo rate cut in this meeting. The view is ...Read More >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, nota ...Read More >
Mumbai (Maharashtra) [India], September 29 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India will begin its three-day meeting today in Mumbai to decide on the policy rates. The members of the committee will gather to discuss and deliberate on the repo rates and review the prevailing economic conditions before arriving at a decision. Also Read | Stocks to Buy or Sell Today, September 29, 2025: Oil India, Shriram Finance, Jindal Steel Among Shares That May Remain in Focus o ...Read More >
Mumbai (Maharashtra) [India], September 29 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India will begin its three-day meeting today in Mumbai to decide on the policy rates. The members of the committee will gather to discuss and deliberate on the repo rates and review the prevailing economic conditions before arriving at a decision. The meeting is scheduled to continue for three days, after which the announcement of the monetary policy outcome will be made on Wednesday, O ...Read More >
Mumbai, Sep 28 (SocialNews.XYZ) The Reserve Bank of India's (RBI) upcoming Monetary Policy Committee (MPC) meeting, scheduled from September 29 to October 1, is expected to maintain the current policy stance, with a low probability of a rate cut, experts said on Sunday. Experts noted that the MPC meeting comes against a backdrop of ongoing global tariff tensions and concerns over the fiscal health of advanced economies. "The Indian economy has shown strong resilience, achieving a five-quarter ...Read More >
MUMBAI: Mint Road observers are divided over the outcome from the three-day monetary policy committee (MPC) meeting beginning Monday, with some expecting the rate-setting panel to deliver yet another surprise rate cut on Wednesday, while others expect the status quo to continue. More economists are expecting the status quo wherein the Reserve Bank led MPC leaving the rates unchanged at 5.50, while two led by SBI's chief economist Soumya Kanti Ghosh and an economist at the Japanese brokerage Nom ...Read More >
New Delhi [India], September 16 (ANI): The Reserve Bank of India (RBI) is expected to lower policy rates by 25 basis points each in the upcoming Monetary Policy Committee (MPC) meetings in October and December, taking the terminal policy rate to 5 per cent, according to a report by Morgan Stanley. The global brokerage firm noted that the central bank now has room for monetary easing as inflation continues to undershoot the target. Also Read | Vishwakarma Jayanti 2025: Why Vishwakarma Puja Is C ...Read More >
New Delhi [India], September 16 (ANI): The Reserve Bank of India (RBI) is expected to lower policy rates by 25 basis points each in the upcoming Monetary Policy Committee (MPC) meetings in October and December, taking the terminal policy rate to 5 per cent, according to a report by Morgan Stanley. The global brokerage firm noted that the central bank now has room for monetary easing as inflation continues to undershoot the target. The report projects headline consumer price index (CPI) inflati ...Read More >
New Delhi [India], September 16 (ANI): The Reserve Bank of India (RBI) is expected to lower policy rates by 25 basis points each in the upcoming Monetary Policy Committee (MPC) meetings in October and December, taking the terminal policy rate to 5 per cent, according to a report by Morgan Stanley. The global brokerage firm noted that the central bank now has room for monetary easing as inflation continues to undershoot the target. The report projects headline consumer price index (CPI) inflati ...Read More >
India's retail food inflation remained negative for the third consecutive month in August at -0.69%, driven by lower prices for vegetables, cereals, and pulses. Retail food inflation remained in the negative zone for three consecutive months in August when it came in at (-) 0.69%, largely driven by subdued prices of vegetables, cereals, pulses, meat, eggs and spices. Food inflation was further in the negative zone in July (-1.76%) and June (-1.01%). The consumer food price index (CFPI) rose 0. ...Read More >
New Delhi: India's retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country's broader price stability, partly due to recent GST reforms. Official data released on Friday showed that retail inflation, measured by the Consumer Price Index (CPI), climbed to 2.07 percent year-on-year in August 2025, compared with 1.61 percent in July. The increase of 46 basis points, though notable, still kept inflation well wit ...Read More >
New Delhi [India], September 13 (ANI): India's retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country's broader price stability, partly due to recent GST reforms. Official data released on Friday showed that retail inflation, measured by the Consumer Price Index (CPI), climbed to 2.07% year-on-year in August 2025, compared with 1.61% in July. The increase of 46 basis points, though notable, still kept in ...Read More >
MUMBAI (Reuters) -India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign, minutes of the August meeting showed on Wednesday. The Reserve Bank of India held its key repo rate steady at 5.50% earlier this month, after cutting rates by 100 basis points so far in 2025. The six-member Monetary Policy Committee voted unanimously to retain a "neutral" stanc ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
Mumbai: A majority of economists say that growth, rather than inflation, will be the primary driver of monetary policy decisions while adding that the Reserve Bank of India is unlikely to cut the policy repo rate further from 5.5% now. "We believe that growth would guide the RBI's thought process as inflation remains benign. We do not see any further cuts in our base case," Rahul Bajoria and Smriti Mehra, economists at BofA Securities India, wrote in a report. Inflation as measured by consumer ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) The Reserve Bank of India's Monetary Policy Committee (MPC) could consider further policy rate cuts if upcoming GDP data falls short of expectations and the US Federal Reserve begins aggressive easing in response to a weaker labour market, a report said on Thursday. Any additional room for easing could open up if growth underperforms and the US Fed cuts rates to counter labour market weakness, HSBC Mutual Fund said in its report. In its latest policy meeting, ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
Stocktwits - Wholesale inflation in India eased to a two-year low of -0.58% in July, due to a fall in mineral oils, crude petroleum & natural gas, manufacture of basic metals prices. The WPI print remains in the negative territory for the second consecutive month. It stood at -0.13% in June. WPI Food Index inflation remains negative, from -0.26% in June to -2.15% in July. WPI Inflation Breakdown The Primary Articles category came in at 1.18% in July, from 0.54% in the previous month. Within ...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 >
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 >
New Delhi, August 4: The much-awaited Reserve Bank of India's Monetary Policy Committee (MPC) meeting from August 4-6 comes at a time when the global economy is facing fresh challenges amid US tariffs -- with India set to face 25 per cent tariffs from August 7. According to economists, the Central Bank has reasons to consider another rate cut of at least 25 bps, as upcoming US tariffs may affect exports and slow down the overall economic activity. According to a latest SBI Research report, the R ...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, 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 >
Mumbai (Maharashtra) [India], August 3 (ANI): India's foreign exchange reserves rose by USD 2.703 billion to USD 698.192 billion for the week ending July 25, after falling for three consecutive weeks, according to the official data released by the Reserve Bank of India (RBI). In the previous reporting week, the country's foreign exchange reserves fell by USD 1.18 billion to USD 695.49 billion. In the week ending July 25, foreign currency assets, the major constituent of the forex reserves, ros ...Read More >
New Delhi, Aug 1: India launched the first phase of four development projects across nine partner countries as part of its 'India-UN Global Capacity Building Initiative'. The programme aims to deepen South-South cooperation in support of the Sustainable Development Goals (SDGs). The launch event was presided over by Secretary (West) in the Ministry of External Affairs, Tanmaya Lal, and attended by heads of missions from participating countries, UN Resident Coordinator in India Shombi Sharp, dip ...Read More >
Hyderabad (Telangana) [India], August 1 (ANI): The Telangana Anti-Corruption Bureau (ACB) has registered 22 cases in July, including 13 trap cases, one disproportionate assets case, one criminal misconduct case, one regular enquiry, and six surprise checks. According to an ACB official, "Twenty Public Servants, including two outsourcing employees/private persons, were trapped/arrested and remanded to judicial custody. An amount of Rs 5.75 lakhs was seized in trap cases of various Departments. I ...Read More >
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