Business

Mumbai: Stock markets closed higher Friday after the Reserve Bank of India kept its benchmark interest rate unchanged as expected and proposed allowing banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate...

Mumbai: The Reserve Bank of India Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector. REITs are investment vehicles that own or operate income-generating real estate, enabling...

Mumbai: The Reserve Bank Friday revised inflation projection for the current fiscal year to 2.1 per cent and for first and second quarters of the next financial year, mainly due increase in prices of precious metals. The central bank projected the consumer price index (CPI)-based...

Mumbai: As part of the move to develop a corporate bond market, the RBI plans to issue a regulatory framework soon to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds. RBI Governor Sanjay Malhotra said that an active...

Mumbai: RBI Governor Sanjay Malhotra announced Friday that the RBI is drawing up fresh rules on compensation for customers of banks in case of small-value fraudulent transactions. The extant instructions on limiting the liability of customers in unauthorised electronic banking transactions were issued in 2017,...

Mumbai: The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced Friday. Explaining the rationale behind the hike in the growth forecast, Malhotra...

Mumbai: RBI Governor Sanjay Malhotra announced Friday that the Monetary Policy Committee has unanimously decided to keep the policy repo rate unchanged at the current level of 5.25 per cent and stick to the neutral monetary policy stance. The RBI Governor said that the decision...

New Delhi: Secretary (West) at the Ministry of External Affairs (MEA), Sibi George, held a meeting with Polish Secretary of State for Foreign Affairs, Wladyslaw T Bartoszewski, in New Delhi Thursday, reviewing the bilateral strategic partnership and discussing key deliverables of the 2024-2028 Action Plan...

Purchasing a pre-owned car may be a smart move when you want value without first-year depreciation. Still, a used car purchase needs structure, because small issues can become costly repairs later. Take notes, click photos, and trust verified records, so you can choose a car...

 New Delhi: India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), inked terms of reference Thursday for formally launching negotiations for a free trade agreement (FTA). The terms of reference (ToR) outline the scope and modalities of a proposed trade...