RBI retains repo rate at 6.5 pc, FY25 growth at 7.2 pc

New Delhi (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday decided to maintain the status quo on the repo rate at the current 6.5 per cent, while retaining India's real GDP growth forecast at 7.2 per cent…

Sensex surges on election results; auto, pharma and realty gain

Mumbai (IANS) Indian equity benchmark closed on a positive note, on the back of election results which supported PSU stocks and brought optimism in the market.

At closing, Sensex was up 584 points or 0.72 per cent at 81,634 and Nifty was at…

1.1 mn medium, heavy commercial vehicles older than 15 years to boost scrappage policy

New Delhi (IANS) The government’s scrappage policy has a significant potential with nearly 1.1 million medium and heavy commercial vehicles now older than 15 years, a report showed on Tuesday.

Rating agency ICRA projected an additional 5.7…

Indian e-commerce market poised to reach $325 billion in 2030: Report

New Delhi (IANS) Driven by robust rural demand, Indian e-commerce market is expected to reach $325 billion in 2030, with a strong 21 per cent compound annual growth rate (CAGR), a report said on Monday. 

The retail sector, which is valued at…

Indian auto retail sales up 6.5 pc in April-Sep, rural markets to spur demand

New Delhi (IANS) Led by robust two-wheeler (2W) retail sales, the Indian automobile market saw 6.55 per cent growth (year-on-year) in the first six month of current fiscal (FY25), as rural markets are set to spur demand going forward, a report showed…

RBI MPC likely to maintain status quo on policy rates: Experts

New Delhi (IANS) The RBI’s monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward, industry experts said on Sunday. 

After the US Fed…

Market Outlook: RBI MPC, Q2 results, IIP data key factors to watch next week

New Delhi (IANS) The market outlook for next week will depend upon RBI MPC meet, IIP data, and the Q2 earnings season will kick off with key companies like TCS, IREDA Tata Elxsi and DMart among others which will drive stock-specific movements. 

IndiGo suffers major technical glitch, fliers stranded across nation

New Delhi (IANS) Low-cost airline major IndiGo on Saturday experienced a major network outage, disrupting flight operations and ground services across the nation, 

The technical glitch left several air travellers stranded across airports as…

Gold prices soar amid heightened tension in Middle East

New Delhi (IANS) Gold prices continue to rise amid heightened tension in the Middle East, as the precious metal saw a definitive surge this week. The Iran-Israel conflict has kept buyers position intact even after prices were overbought. 

Gold…

BMW Group India posts best-ever luxury car sales with 10 pc growth in Jan-Sep

New Delhi (IANS) BMW Group India on Friday said it posted best-ever luxury car sales with 10 per cent growth in the country in the January–September period this year. 

In the first nine months, 10,556 cars (BMW and MINI) and 5,638 motorcycles…