Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing…
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024 would not have any “spectacular announcement” as it would be a vote on account in run up to the general elections. “It is a matter of truth that February 1, 2024 budget that will be announced will…
New Delhi: Veteran industrialist and former Tata Group Chairman Ratan Tata on Wednesday issued a “fake” alert for misusing his name on social media to “exaggerate investment” with risk-free and 100 per cent guarantee. In a post on Instagram, Tata called out a post from a user by the name of Sona Agrawal that used…
New Delhi: Saudi Arabia has rolled out a series of “transformative” measures like improving visa processing, accessibility and logistical support to ensure a more enriching experience for Indian pilgrims undertaking the journey to Mecca, Saudi Minister of Hajj and Umrah Tawfig bin Fawzan Al-Rabiah said on Wednesday. In an interview to PTI, Al-Rabiah said the initiatives…
Imphal: The bodies of 13 suspected cadres of the banned People’s Liberation Army (PLA) who were killed during an ambush near the Indo-Myanmar border were brought to Imphal for postmortem and legal procedures, officials said on Tuesday. The cadres, including two teenagers, are believed to be part of a group attempting to cross into Myanmar for…
New Delhi: As some opposition leaders have raised questions on EVMs after Assembly poll results were announced in five states, BJP leaders mocked them on Tuesday, saying they are looking for excuses to hide their own shortcomings. As the Bharatiya Janata Party (BJP) emerged victorious in three Hindi heartland states — Rajasthan, Madhya Pradesh and Chhattisgarh…
New Delhi: India will become the world’s third-largest economy by 2030, S&P Global Ratings said on Tuesday as it forecast the nation’s GDP growth reaching 7 per cent in the 2026-27 fiscal year. In its Global Credit Outlook 2024, S&P saw a 6.4 per cent GDP growth in the fiscal year through March 2024 (2023-24)…
New Delhi: State-controlled Oil and Natural Gas Corporation (ONGC) will in May next year start commercial production of crude oil from its much-delayed flagship deepsea project in Krishna Godavari basin, the Rajya Sabha was informed on Monday. In a written reply to a question, Minister of State for Petroleum and Natural Gas Rameswar Teli said ONGC’s…
Hyderabad: The Congress was on its way to achieve the magic mark of 60 seats on Sunday to form the first non-BRS government in Telangana, with the southern solace coming in the midst of a saffron sweep of the Hindi heartland where BJP wrested two states from its rival and retained one. Telangana becomes the second…
New Delhi: Equity markets will respond positively to the BJP’s big wins in Madhya Pradesh, Rajasthan and Chhattisgarh assembly polls, as a stable political environment could further boost investors’ confidence and drive stocks higher, analysts said. Besides the state elections outcome, global trends, trading activity of foreign investors, and RBI’s interest rate decision are the other…
