UPI provided credit access to poor, fuelled equitable growth: Study

New Delhi (IANS) India’s Unified Payments Interface (UPI) has succeeded in increasing financial inclusion and promoting equitable economic growth by enabling underserved groups, including subprime and new-to-credit borrowers to access formal credit…

Mcap of six of top-10 most valued firms surges Rs 2.03 lakh crore, TCS biggest winner

Mumbai (IANS) The combined market valuation of six of the top-10 most valued firms surged Rs 2.03 lakh crore last week as the Indian stock market ended with gains. 

In the trading session from December 2 to December 6, Nifty closed at 24,677…

India clocks impressive 67 pc growth in total exports in 10 years

New Delhi (IANS) As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 — a whopping 67 per cent growth. 

India’s…

Mahindra to contest brand rights of BE 6e with IndiGo in court

Mumbai (IANS) Leading automaker Mahindra on Saturday said it will strongly contest the brand rights of its electric SUV ‘BE 6e’ in court, after InterGlobe Aviation Limited, which runs IndiGo airline, sued Mahindra over using the name ‘6E’. 

Mahindra’s…

RBI slashes cash reserve ratio by 0.5 pc to spur growth, leaves repo rate unchanged

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday slashed the cash reserve ratio (CRR) for banks by 0.5 per cent to make more funds available for lending to spur economic growth, but kept the key policy repo rate unchanged at 6.5 per cent with…

RBI lowers GDP growth forecast to 6.6 pc

New Delhi (IANS) The Reserve Bank has scaled down its forecast for India’s GDP growth for 2024-25 to 6.6 per cent from 7.2 per cent earlier, RBI Governor Shaktikanta Das announced on Friday.

He explained that the decision had been made as the…

CRR cut to support growth, repo rate decision on expected lines: Industry

New Delhi (IANS) The RBI’s decision to cut the cash reserve ratio (CRR) by 50 bps would help support growth, after the revision in the GDP forecast for FY25, industry experts said on Friday. 

The Central Bank’s monetary policy committee (MPC)…

Share market ends flat, Sensex settles at 81,709 after RBI MPC decisions

Mumbai (IANS) The Indian stock market closed flat on Friday after the announcement of the RBI's Monetary Policy Committee (MPC) decisions on repo and CRR rates, as selling was seen in IT, financial services, and pharma sectors and buying was seen…

Hyundai Motor India to hike prices up to Rs 25,000 across models from Jan 1

New Delhi (IANS) Hyundai Motor India Limited (HMIL) on Thursday announced to increase prices across its model range effective from January 1, 2025, owing to an increase in input costs and other factors. 

The price increase will be done across…

EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years

New Delhi (IANS) The total amount in the investment corpus of the Employees’ Provident Fund Organisation (EPFO) more than doubled in the past five years to Rs 24.75 lakh crore in the financial year 2023-2024 from Rs 11.1 lakh crore 2019-20, according…