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RATE CUTS IN INDIA
FASTag users can now switch banks without changing tag as Nitin Gadkari launches OneTagIn a significant move for drivers, the Union Minister Nitin Gadkari has unveiled the OneTag system that allows motorists to conveniently ch...
Rising global yields may constrain India's rate-cut cycle despite resilient growth: HSBCThe rising global bond yields are complicating India's monetary policy easing efforts. Despite sturdy domestic growth, external economic de...
Paris Panini operator Popo Global closes Rs 532 crore investment from Artal AsiaFounded in 2017 by brothers AB Gupta and Nikhil Gupta, Popo Global operates Bengaluru-based chains Pizza Bakery, Paris Panini and Smash Guy...
$100 crude shock: Oil cos lose Rs 5/litre on petrol, Rs 23 on diesel as pump prices stay frozenState-owned oil companies are facing negative marketing margins of Rs 5 per litre on petrol and Rs 23 on diesel as Brent crude crossed USD ...
Ethanol blending: India should consider temporary cut to 15% from 20% target, says ICRIERIndia should consider temporarily lowering ethanol blending in petrol to 15% during severe feedstock shortages or sharp food-price pressure...
State oil companies lose up to 35% bulk diesel salesState oil companies are grappling with substantial bulk diesel sales losses as numerous large customers pivot to retail pumps to evade soar...
Coal ministry opens second round of gasification schemeThe government has initiated the second application phase for its coal gasification scheme. Seven projects applied in the first round, seek...
India faces higher oil import costs as crude prices surge on West Asia supply risksInternational crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about glo...
Indian steel prices set to rise further on coking coal costs, demand revivalIndian steel prices are expected to increase in the coming weeks. Post-monsoon demand from infrastructure and automotive sectors will tight...
Only 23% of rural households use LPG exclusively, CEEW studies findMany rural households lack doorstep LPG delivery, facing refill cost and logistics issues. Only a fraction of rural homes use LPG exclusive...
CNG, hybrids, electrics rule motown: Alternative powertrains beat petrol vehicles for the first time in India as August auto sales jump 18%Retail vehicle sales surged by eighteen percent year-on-year, reaching 2.42 million units last month. For the first time, alternative energ...
Your sweet tooth craving may get a little more expensiveRising sugar prices are pushing packaged food companies towards another round of price hikes or smaller pack sizes. Bikaji Foods is rolling...
GST reforms rewrote the auto stock map: Who won, who lost and where can investors still make money?The recent GST reforms have significantly impacted the automotive stock market following a rate cut announcement. Notably, Sona BLW Precisi...
Ahead of Market: 10 things that will decide stock market action on MondayIndian benchmark indices ended slightly higher on Friday, with the Sensex rising 363 points and Nifty closing below 23,898. Investors monit...
RBI turns to longer-dated VRRR for liquidity mop-upIn an effort to control escalating inflation, the Reserve Bank of India is running auctions to draw in surplus liquidity from the financial...
RBI turns to 30-day VRRR to absorb excess liquidityThe Reserve Bank of India is conducting auctions to absorb excess funds. This liquidity stems from special dollar mobilization programs and...
RBI mops up Rs 6.02 lakh crore through VRRR auctions against a Rs 8.50 lakh crore planThe surplus liquidity in the system rose to a record high of Rs 10.3 lakh crore as of September 3, forcing the central bank to step up liqu...
Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs riseUS debt: While voters may not focus on the issue until the country's fiscal problems translate into benefit cuts or tax hikes, the fallout ...
Indian banks slash FCNR deposit rates by up to 310 basis pointsIndian banks have lowered interest rates on foreign-currency deposits significantly. This action follows the closure of the Reserve Bank of...
Banks slash FCNR (B) interest rates: HDFC Bank, ICICI Bank, SBI, PNB, Axis Bank revise rates on 3-5-year depositsFCNR (B) deposit interest rate cuts have particularly been made in deposits of three to five years, which had higher interest rates after t...