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WPI-based inflation for July eased to 2.04 per cent on annual basis

WPI-based inflation for July eased to 2.04 per cent on annual basis

As per the data released by the commerce and industry ministry, food inflation in July was 3.45 per cent, down from...

14 Aug 2024 10:45 PM IST

Mudra loans have an NPA of over Rs 40k crore

Mudra loans have an NPA of over Rs 40k crore

According to Niti Aayog, the pandemic affected the repayments leading to a rising NPA per cent against the number of...

11 Aug 2024 7:08 PM IST

India to introduce UPI payment service in Maldives

India to introduce UPI payment service in Maldives

Male: India and Maldives have signed an agreement to introduce the Unified Payments Interface in the archipelago nation,...

10 Aug 2024 12:21 PM IST

Non-banking finance companies were largely dependent on banks for their financing need while mutual funds as a source had mostly dried up, but things could improve with the government, along with the Reserve Bank of India, actively trying to inject liquidity.

India’s Mutual Funds AUM Hits Record Rs 64.96 Lakh Crore in July 2024

Mumbai: With market rally and robust inflows across schemes mutual fund industry’s net assets under management rose to a...

9 Aug 2024 7:55 PM IST

Govt Introduces Banking Laws Amendment Bill in Lok Sabha

Govt Introduces Banking Laws Amendment Bill in Lok Sabha

The finance minister also said that banks and cooperatives with a licence for banking would have to have a rule. The...

9 Aug 2024 6:42 PM IST

Market Investors Book Profit on RBI Policy Stance, Global Cues

Market Investors Book Profit on RBI Policy Stance, Global Cues

Mumbai: Market continued to be volatile as Sensex and Nifty-50 fell on Thursday by 0.7 per cent each. Rate-sensitive...

8 Aug 2024 8:17 PM IST

RBI Maintains Repo Rate at 6.5% for Ninth Consecutive Time

RBI Maintains Repo Rate at 6.5% for Ninth Consecutive Time

RBI keeps repo rate unchanged at 6.5% to curb inflation, contrasting global central banks. FY25 growth forecast at 7.2%,...

8 Aug 2024 7:39 PM IST

The government has liberalised FDI in over a dozen sectors, including defence, private sector banks, medical devices, construction, civil aviation and railway, to attract overseas investment.

India needs to improve cost competitiveness to attract businesses:...

India attracts just 30% of FDI in manufacturing. GTRI urges competitive costs to lure businesses shifting from China to...

8 Aug 2024 6:43 PM IST

India Needs to Create 7 Million Non-Agri Jobs Annually by 2034

India Needs to Create 7 Million Non-Agri Jobs Annually by 2034

India faces the challenge of creating 7 million non-agri jobs annually until 2034 amid AI advancements, needing to shift...

8 Aug 2024 6:16 PM IST

RBI Guv raises concern over deposit growth, asks banks to use innovative products to mobilise funds

RBI Guv raises concern over deposit growth, asks banks to use...

Mumbai: Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on...

8 Aug 2024 12:15 PM IST

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

Mumbai: In a move reflecting its cautious approach amid ongoing economic uncertainties, the Reserve Bank of India (RBI)...

8 Aug 2024 10:44 AM IST

NSE Q1 Profit Up 39% YOY to Rs 2567 Crore

NSE Q1 Profit Up 39% YOY to Rs 2567 Crore

Mumbai: Stock exchange NSE reported first-quarter consolidated profit of Rs 2,567 crore up 39 per cent year on year and...

8 Aug 2024 12:28 AM IST