Business

New Delhi: Bank of India and UCO Bank have announced 25 basis points reduction lending rate within hours of RBI's decision to slash its policy rate Wednesday, a move which will help existing and new borrowers. Other banks are also expected to make similar announcements...

Mumbai: Benchmark equity indices Sensex and Nifty closed lower Wednesday in line with losses in global markets amid escalating trade tensions, even as the Reserve Bank cut policy rates for a second consecutive time as it sought to bolster the economy in the face of...

Beijing: China's State Council Information Office Wednesday released a white paper titled “China's Position on Some Issues Concerning China-U.S. Economic and Trade Relations.” The Chinese government issued the document to clarify the facts about China-US economic and trade relations, and elaborate the position of the...

Mumbai: RBI Governor Sanjay Malhotra announced Wednesday that it has been decided to issue comprehensive regulations on prudential norms and conduct-related aspects for gold loans following concerns raised over the issue. The review of guidelines for lending against the collateral of gold jewellery and ornaments...

Mumbai: After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers. The bi-monthly monetary...

Mumbai: The Reserve Bank of India Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices. Consumer Price Index (CPI) based headline retail inflation declined by a...

Mumbai: Indian equity indices opened in the red Wednesday, following their global peers, as US President Donald Trump threatened reciprocal tariffs on the global pharmaceutical sector. Ahead of the RBI monetary police committee (MPC) decisions — where a 25 bps repo rate cut is likely...

Washington/Beijing: In a sharp escalation of trade tensions, the Trump administration has imposed a 104 per cent tariff on goods imported from China, delivering a major blow to Beijing amid an ongoing trade war between the two economic giants. The White House announced that the...

New Delhi: India and the UAE have signed key agreements to strengthen the bilateral economic partnership during the visit of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE. It has...