RBI’s MPC will not tinker interest rate, to maintain hawkish stance: Economists

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the repo rate at their meeting next month but would try to manage liquidity with various instruments it has, said senior economists.

Repo rate…

India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers

New Delhi (IANS) CEO of economy carrier IndiGo, Pieter Elbers, on Tuesday described India as one of the most competitive aviation markets in the world.

Addressing the All India Management Association (AIMA) conference here, he further added…

DGGI slaps Dream11, other online gaming firms tax notices totalling Rs 55,000 crore

New Delhi (IANS) The Directorate General of GST Intelligence (DGGI) has reportedly issued around 12 pre-show cause notices to online real money gaming (RMG) firms, accusing them of evading approximately Rs 55,000 crore in Goods and Services Tax (GST).

India begins chip journey in just 15 months, Micron a beacon to all investors: MoS IT

New Delhi (IANS) In just 15 months’ time, India has seen the construction of its first-ever semiconductor plant, received more manufacturing proposals along with 8 chip designing startups now operational in the country, Rajeev Chandrasekhar, Union…

42% consumers in India to use UPI for festive shopping this year: Report

New Delhi (IANS) Digital payment methods are on the rise in India, with 42 per cent of consumers saying they will choose unified payments interface (UPI)-for online festive shopping, a new survey report showed on Monday.

In addition, 57 per…

Markets to remain under pressure in the near term

New Delhi (IANS) Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said "We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards…

Market momentum broken, expect further downside

New Delhi (IANS) The markets were in a sharp correction mode in the week gone by. The saving grace was that we had a holiday on Tuesday to welcome Lord Ganesh for his annual trip, otherwise things could have been even worse. Markets lost on all four…

Micron begins construction on $2.7 bn India semiconductor plant in ‘epic’ beginning

Sanand (Gujarat) (IANS) Union IT Minister Ashwini Vaishnaw on Saturday said that India has embarked upon its journey to become a semiconductor hub, as US-based Micron Technology broke grounds for its about Rs 22,500 crore ($2.75 billion) chip assembly…

Dollar–rupee to trade in Rs 82-84 in 2HFY24: CARE Ratings

Chennai (IANS) The US dollar-Indian rupee exchange rate will fluctuate between Rs 82 and Rs 84 during the second half of FY24, CARE Ratings said in a report.

According to the credit rating agency, the rupee breached the Rs 83 against a dollar…

ICRA Analytics collaborates with FactSet to provide users with daily security level valuation of fixed income securities

New Delhi (IANS) ICRA Analytics, a wholly owned subsidiary of ICRA Ltd, announced that it has collaborated with FactSet to provide its daily security level valuation (SLV) of fixed-income securities to FactSet licensed users.

ICRA Analytics…