With vote split, RBI's MPC might hike repo rate by 25 bps: Experts

Chennai (IANS) Will there be a convergence or divergence among the members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on the 25 basis points (bps) policy rate hike, experts debate.

However, the experts believe…

Adani Ports Q3 net down at Rs 1,336.51 crore

Chennai (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it closed the third quarter of FY23 with a lower net of Rs 1,336.51 crore.

The company is mulling loan repayment/prepayment of Rs 5,000 crore during next fiscal,…

Adani row: Limited risks for Indian banks, no impact on sovereign ratings, says Fitch Ratings

Chennai (IANS) Global credit rating agency Fitch Ratings on Tuesday said that Indian banks' exposure to the Adani group do not present any major risk to the banks' standalone credit profiles.

In a statement issued the credit rating…

ONGC in talks with ExxonMobil, Equinor for exploration technology sharing

Bengaluru (IANS) State-owned explorer Oil and Natural Gas Corporation Ltd (ONGC) is in talks with global majors like American oil and gas giant ExxonMobil and Norwegian energy multinational Equinor on technology sharing for revamping its exploration…

India's economy already 10% more energy efficient than G20 average: IEA

New Delhi (IANS) India's economy is already 10 per cent more energy efficient than both the global and G20 average. India took less time to go from half to full electricity access than other major economies, the International Energy Agency (IEA)…

Capital amounting Rs 2,76,043 crore infused in PSBs since FY2017-18

New Delhi (IANS) Capital amounting to Rs 2,76,043 crore infused in public sector Banks (PSBs) since FY 2017-18, has been funded through recapitalisation bonds issued by the Central government and subscribed by the recapitalised banks for the full…

BYJU's to miss March 2023 deadline for group level profitability, results delayed again

New Delhi (IANS) Edtech firm BYJU's will not be able to meet its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year, reliable sources said on Monday. On top of it, its results for most…

100 airports to be developed by 2024 under UDAN scheme

New Delhi (IANS) The government has planned to develop 100 airports by 2024 under the Regional Connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) infrastructure scheme.

Upgradation and modernization of airports is a continuous process…

Budget doubles funds for Indian knowledge system; thrust on regional languages

New Delhi (IANS) Special provisions have been introduced in the Union Budget 2023-24 to promote indigenous languages and Indian Knowledge System (IKS) among the youth.

An allocation of Rs 300.7 crore has been made in the budget for…

RBI to continue or hit the pause button on rate hike?

Chennai (IANS) With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.

The RBI's…