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…

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…

Indian stock market ends in green, all eyes on RBI’s MPC decision

Mumbai (IANS) The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meeting which will…

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…

US DoJ exercise against Adani frivolous expense, Trump’s return set to fix it: Mark Mobius

New Delhi (IANS) The recent indictment by the US Department of Justice (DoJ) of Adani Group officials is nothing but a frivolous expense and once President-elect Donald Trump assumes office, such wasteful exercises involving the government offices…

Adani Group on solid financial footing despite US-related developments: Bernstein

New Delhi (IANS) The US-headquartered financial research major Bernstein has published a report on Adani Group companies, stating that the Group is currently in a much stronger position than it was during the Hindenburg attack in January 2023.

India’s organic food products export reaches $448 mn, set to surpass last year’s figures

New Delhi (IANS) India's organic food products export reached $447.73 million in the first eight months of this fiscal (FY25), and are set to surpass last year's export figures, the Parliament was informed on Monday.  

In the current…

Electric 2-wheeler sales see 29 pc growth in India in Nov

New Delhi (IANS) India saw 29 per cent growth (year-on-year) in electric two-wheeler (e2W) sales in the month of November at 118,924 units, which took cumulative 11-month sales of e2Ws to 1.07 million units. 

It was the third best month for…

India’s coal production rises 7.2 pc to 90.62 million tonnes in Nov

New Delhi (IANS) India’s overall coal production recorded a 7.2 per cent increase during November this year to touch the 90.62 million tonnes (MT) mark compared to 84.52 MT in the same month last year, the Ministry of Coal said on Sunday. 

Coal…

Market Outlook: RBI MPC, PMI and global economic data key factors for next week

New Delhi (IANS) Indian market outlook for next week will be guided by major domestic and global economic events such as RBI's interest rate decision, manufacturing and services PMI data, auto sales, US job and PMI data, according to the experts.