Business

Mumbai: RBI Friday cut repo rate by a higher-than-expected 50 basis points to prop up growth, which has slowed to a four-year low of 6.5 per cent in FY25. Following the rate cut, the key policy rate eased to a three-year low of 5.5 per...

Mumbai: The RBI has projected India’s GDP growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected to maintain momentum. The quarterly growth rates projected for...

Mumbai: The Indian stock market closed in the green Thursday ahead of the key RBI monetary policy committee (MPC) decision on the repo rate. At the end of trading, the Sensex was up 443.79 points or 0.55 per cent at 81,442.04 and the Nifty gained...

New Delhi: India had vehemently opposed ADB's decision to grant USD 800 million loan to Pakistan saying the fund could be misused for increasing expenditure on its military, government sources said. "India shared deep concerns regarding the potential misuse of ADB resources, particularly in light...

Mumbai: Benchmark stock indices Sensex and Nifty ended higher Wednesday after three days of decline, tracking a rally in global markets. Buying in blue-chips Reliance Industries and HDFC Bank also added optimism to markets recovery. The 30-share BSE Sensex climbed 260.74 points, or 0.32 per...

New York: US President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminium to a punishing 50 per cent Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers....

New Delhi: The Indian services growth broadly steadied in May and was underpinned by healthy demand conditions, new client wins and greater staffing capacity, a monthly report said Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 58.8 in May, marginally...

New Delhi: The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting kicked off Wednesday to decide on the repo rate cut and according to economists and industry experts, the Central Bank is likely to go for a third 25 bps cut in the repo...

New Delhi: India on Tuesday sought consultations with the US under the World Trade Organisation's safeguard agreement over American tariffs on auto components. This move comes shortly after India reserved the right to impose retaliatory duties on select US products in response to American tariffs...

Mumbai: Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent Tuesday, weighed down by a widespread selloff amid renewed foreign fund outflows and growing geopolitical uncertainties. The 30-share BSE Sensex tanked 636.24 points or 0.78 per cent to settle at 80,737.51. During the...