Mumbai: The Reserve Bank is all set to raise the loan-to-value (LTV) ratio for lending against gold to 85 per cent for loans under Rs 2.5 lakh from the present 75 per cent, Governor Sanjay Malhotra announced on Friday. Speaking to reporters at the central bank headquarters, Malhotra said the relaxation will come with riders, and…
New Delhi: (Jun 6) Markets regulator Sebi has ordered the attachment of bank accounts and shares, and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems. The latest move followed a demand notice issued…
New Delhi: Trinamool Congress (TMC) MP Mahua Moitra has married senior advocate and former BJD MP Pinaki Misra in Germany. On Thursday evening, Moitra (50) posted a photograph on X which showed her and Misra (65) cutting a cake with the message, “Thank you, everyone, for the love and good wishes!! So grateful.” TMC leaders…
Mumbai: The Reserve Bank’s rate-setting panel started its three-day brainstorming on monetary policy as expectations are high of a 25 bps or even a jumbo 50 bps rate cut to fuel economic growth amid uncertainties created by Trump’s tariff moves. The decision of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra,…
New Delhi: India’s exports to the US are rising, and it can increase imports of products like shale gas, LNG, and crude oil from America to diversify its import basket, as prices of these items are lower in the US, an official said. Teams of both countries will start next round of talks this week…
Ahmedabad: When IPL champions Royal Challengers Bengaluru skipper Rajat Patidar got a chance to say “Ee Sala Cup Namdu” (this year the cup is ours) after 18 years, the fans roared. But when he said that “Virat Kohli deserved it more than anyone else”, the cheers were deafening as the legend grinned from ear to…
New Delhi: In the aftermath of ‘reciprocal tariffs’ by the US, India should adopt the dual-track approach and selectively reduce high tariffs on non-sensitive agricultural commodities imports from Washington, while also strategically offering concessions where domestic supply gaps exist, a NITI Aayog working paper has said. The Aayog, in a working paper titled ‘Promoting India-US…
Hai Phong (Vietnam): Vietnam’s Vingroup, which is setting up a USD 2-billion plant in Tamil Nadu’s Thoothukudi, is also in discussions with the Andhra Pradesh and Telangana governments to expand its operations in India. VinFast, the electric vehicle (EV) unit of Vingroup, plans to launch its VF7 and VF6 models in India before the festival…
New Delhi: The Centre on Friday reduced the basic custom duty on crude palm oil, crude soyabean oil and crude sunflower oil to 10 per cent, a move aimed at bringing down the retail prices of cooking oils and protecting domestic processors. Earlier, the duty on these three crude edible oils was 20 per cent….
New Delhi: India’s economic growth slowed to 7.4 per cent in the March quarter, bringing down the annual growth rate to 6.5 per cent during 2024-25, according to official data released on Friday. The growth in the January-March period was lower than the 8.4 per cent expansion in the year-ago quarter. According to the data…
