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Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster managemen ...Read More >
New Delhi: As August inflation print likely to top 2 per cent and be closer to 2.3 per cent, a rate cut by the Reserve Bank of India (RBI) in October looks difficult, SBI Research said on Wednesday, adding that even a rate cut in December looks a tad difficult if growth numbers for Q1 and Q2 are taken into consideration. India's CPI inflation moderated to 98-month low of 1.55 per cent in July, compared to 2.10 per cent in June and 3.60 per cent in July, 2024. The July reading is marking the nint ...Read More >
Taking support from global trade tensions, Gold August futures contracts at MCX opened higher today by Rs 178 or 0.18% at Rs 97,389/10 g after settling negatively in the previous trading session. In the last 2 days, gold prices have fallen by Rs 400. Meanwhile, silver September futures contracts surged by Rs 314 or 0.28% at Rs 1,11,800/kg after witnessing profit booking for the last 2 days. On Tuesday, gold and silver settled on a weaker note in the domestic and international markets. Gold Aug ...Read More >
India stands at a critical economic juncture. The combination of sound domestic macroeconomics and rising external frictions presents both a test and an opportunity. As India demonstrates strengthening macroeconomic foundations, escalating trade tensions with the United States marked by sharply higher tariffs and legislative threats create a defining moment for New Delhi's economic policy and diplomacy. Balancing internal stability with external pressure, India must now engage the shifting land ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. Also Read | Ganeshotsav 2025: MSRTC To Run 5,000 Special Buses to Konkan From August 2 ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The gold and silver prices declined on Tuesday after having an upward rally for the past two days, amid escalating uncertainties around the US tariffs. The price of 24-carat gold dropped by over Rs 300, according to the India Bullion Jewellers Association (IBJA). Ten grams of 24-carat gold cost Rs 387 less, from Rs 98,303 to Rs 97,916. The price of 10 grams of 22-carat gold also decreased, going from Rs 90,045 to Rs 89,691, a decrease of Rs 354. Additionally ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
In the UPA's final three-year stint (2011-2014), India was saddled with an average retail inflation of 9.8 per cent even at a time when global inflation was relatively stable, hovering between 4-5 per cent, the official pointed out. India's retail inflation during the last 11 years is averaging at around 5 percent -- with a steady decline in recent months to touch an over 6-year low of 2.1 percent in June this year. The Finance Ministry figures show that the average inflation under Prime Minis ...Read More >
Mumbai, Jul 14: The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday due to a rise in global crude oil prices and a strengthening greenback against major currencies overseas. Foreign fund outflows and a delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 85.92, down 12 paise fr ...Read More >
New Delhi: Cooling prices offered a double dose of relief in June, with both retail and wholesale inflation easing sharply, signalling a broad-based tempering of cost pressures across the economy. Retail price inflation measured by the Consumer Price Index (CPI) came in at 2.1% in June, its slowest pace since January 2019, while wholesale price index-based inflation fell to a 21-month low in June, at -0.13%, marking the first negative reading since October 2023, according to provisional governm ...Read More >
Mumbai, Jul 14 (PTI) The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday due to a rise in global crude oil prices and a strengthening greenback against major currencies overseas. Foreign fund outflows and a delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 85.92, down 12 pai ...Read More >
New Delhi, July 14 (SocialNews.XYZ) Following recent tariff decisions by US President Donald Trump, gold and silver prices have rebounded and on Monday, the precious metals experienced notable price increases, with silver hitting another all-time high. The price of silver increased by Rs 3,577 to Rs 1,13,867 per kg from Rs 1,10,290 per kg. The rise came after silver prices experienced a comparable spike last Friday, when they also hit a record high. Before this, on June 18, silver reached its ...Read More >
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by ...Read More >
Mumbai: The rupee depreciated 22 paise and fell below 86 level to close at 86.02 (provisional) against the US dollar on Monday amid a rise in global crude oil prices and a strengthening greenback. Foreign fund outflows and delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 86.02 (provisional), down 22 pa ...Read More >
New Delhi, July 11: Gold prices climbed by Rs 700 to Rs 99,370 per 10 grams in the national capital on Friday tracking safe-haven demand as heightened global trade tensions stoked investor worries. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,670 per 10 grams on Thursday. Gold of 99.5 per cent purity jumped by Rs 600 to Rs 98,800 per 10 grams (inclusive of all taxes). It had ended at Rs 98,200 per 10 grams in the previous market ...Read More >
The Current Account Deficit or CAD (as per cent of GDP) is projected at 1.0 per cent in FY25 and 0.9 per cent in FY26, while the fiscal deficit is estimated at 4.4 per cent, according to a CareEdge Ratings report. India's GDP is projected to grow at 6.2 per cent in FY26, with CPI inflation around an average 4.0 per cent, a report showed on Friday, adding that it does not expect any further rate cuts from the RBI "unless downside risks to growth materialise". The Current Account Deficit or CAD ...Read More >
Mumbai, June 27 (SocialNews.XYZ) India's GDP is projected to grow at 6.2 per cent in FY26, with CPI inflation around an average 4.0 per cent, a report showed on Friday, adding that it does not expect any further rate cuts from the RBI "unless downside risks to growth materialise". The Current Account Deficit or CAD (as per cent of GDP) is projected at 1.0 per cent in FY25 and 0.9 per cent in FY26, while the fiscal deficit is estimated at 4.4 per cent, according to a CareEdge Ratings report. "T ...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 >
New Delhi: India's retail inflation is expected to have eased further to 3% or below in May -- its lowest since April 2019 -- driven by higher supplies of tomatoes, onions, and potatoes, softer global gold prices, and a favourable base effect, economists said. That would mark a fourth consecutive month of sub-4% print, extending a streak of continuous easing after several months of elevated inflation because of stubborn food prices. The consumer inflation reading for May is likely to fall to 2 ...Read More >
New Delhi, June 6 (SocialNews.XYZ) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion. Besides this, the revision in CPI inflation to 3.7 per cent for FY26 also shows the RBI's confidence in inflation being aligned with ...Read More >
Mumbai, June 6 (SocialNews.XYZ) The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday. Taking all these factors into consideration, and assuming a normal monsoon, CPI inflation for the financial year 2025-26 is now projected at 3.7 per cent, with Q1 at 2.9 per cent, Q2 at 3.4 per cent, Q3 at 3.9 per cent, and Q4 at 4.4 per cent. He pointed out that Inflation has softened sign ...Read More >
MUMBAI: In a move that jolted markets and defied expectations, the Reserve Bank of India cut its benchmark policy rate by 50 basis points and announced a Rs 2.5 lakh crore liquidity infusion via a 100 basis point reduction in the cash reserve ratio (CRR). The CRR cut reduces the portion of deposits banks must park with the central bank, effectively freeing up funds to support credit growth.Governor Sanjay Malhotra framed the dual action as a response to shifting macroeconomic conditions, stating ...Read More >
CHENNAI: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, concludes its three-day meeting today (June 6, 2025). Amid escalating global trade tensions stemming from new US tariffs imposed by President Donald Trump, expectations are mounting for an aggressive monetary easing by the RBI. Markets and analysts widely anticipate a 25 basis points (bps) cut, with some forecasting a jumbo 50 bps reduction to sustain domestic growth momentum and offset e ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, ...Read More >
Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps cut. One basis point ...Read More >
New Delhi [India], December 15 (ANI): CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year. For the next financial year, 2025-26, it pegged India's GDP growth at 6.7 per cent, in a webinar held on Economic and Sector Outlook for 2025. Despite global uncertainties, CareEdge Ratings asserted that India will continue to hold steady in 2025. The R ...Read More >
Indian IT stocks surged on Thursday, with the Nifty IT index reaching a new high of 46,000. Companies like Coforge and Tech Mahindra led the gains, rising up to 4%, fueled by positive U.S. inflation data and hopes of a Fed rate cut. Several other IT firms also hit 52-week highs, defying the broader market trend.Indian IT stocks outperformed the broader market on Thursday, with the Nifty IT index hitting a new high of 46,000.Leading the charge were Coforge and Tech Mahindra, which surged up to 4% ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The Indian stock markets continue to be in a consolidation phase as both indices opened flat on Wednesday. The Nifty 50 index opened at 24,620.50 points with a surge of 10.45 points or 0.04 per cent, while the BSE Sensex opened at 81,568.39 with a gain of 58.34 points or 0.07 per cent. Also Read | 'Suriya 45': Is Trisha Krishnan the Female Lead in Suriya Sivakumar's Upcoming Film With RJ Balaji? Check Out the Viral Photos. Experts noted that th ...Read More >
RBI MPC Meeting December 2024: Experts say the MPC may set the stage for a February rate cut and ease some liquidity conditions this time. The RBI MPC's 3-day meeting is set to begin on Wednesday, December 4, and the monetary policy decision will be announced on December 6, the last day of the meeting. Economists expect the RBI's rate-setting committee to maintain the status quo on the key repo rate but they said the central bank might ease some liquidity conditions by cutting CRR or undertakin ...Read More >
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