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RBI MPC begins, all eyes on 3rd rate cut as inflation stays benign

New Delhi, June 4: The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting kicked off on Wednesday to decide on the repo rate cut and according to economists and industry experts, the Central Bank is likely to go for a third 25 bps cut in the repo rate to 5.75 per cent.Chaired by RBI...
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Nifty Bank hits record high, crosses 56,000 for 1st time ahead of RBI MPC

Mumbai, June 3: The Nifty Bank index touched a record high of 56,161.40 on Tuesday morning, crossing the 56,000 mark for the first time ever.The surge was driven by strong buying in select banks as investors showed optimism ahead of a possible interest rate cut by the Reserve Bank of India (RBI)...
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Business

IICA to establish its first Rs 100-crore regional campus in northeast

In a bid to advancing corporate governance excellence and sustainable development in the northeast, the Indian Institute of Corporate Affairs (IICA) on Tuesday announced to establish its first regional campus in the region
India delivers solar power 24/7 at a cost lower than coal: Pralhad Joshi
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India delivers solar power 24/7 at a cost lower than coal: Pralhad Joshi

New Delhi, June 3: Union Minister for New and Renewable Energy Pralhad Joshi on Tuesday highlighted that solar+storage in India is now cheaper than industrial electricity tariffs in most states, as these prices have been fixed for decades, citing a new study.“This breakthrough is a...
Energy major TotalEnergies ‘committed’ to support Adani Greens growth: CEO
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Energy major TotalEnergies ‘committed’ to support Adani Green's growth: CEO

In a meeting with Commerce and Industry Minister Piyush Goyal here, Pouyanne said they are committed to continuing to support the expansion of Adani Green
India-Oman free trade pact may be signed soon: Piyush Goyal
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India-Oman free trade pact may be signed soon: Piyush Goyal

Commerce and Industry Minister Piyush Goyal has indicated that India is likely to sign a free trade agreement (FTA) with Oman soon, as the talks between the two countries are making headway
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India’s top PSUs record robust profit growth, govt’s fiscal position to get...

India’s top public sector companies in the financial, power and energy sectors have recorded a robust growth in profit during the January-March quarter of 2024-25, which is expected to further strengthen the government’s fiscal position
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Business

Indian stock market sees over Rs 30,000 crore foreign investments in May

Foreign investors pumped in more than Rs 30,000 crore in the Indian stock and debt market in May, amid the possibility of a bilateral trade deal with the US soon, a weak US dollar and better-than-expected domestic corporate earnings
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RBI may go for 50 bps jumbo rate cut to counter uncertainty: SBI report

A new SBI report on Monday projected a mega 50-basis point rate cut in June’s RBI MPC policy, saying that a large rate cut could reinvigorate a credit cycle and act as a counterbalance to uncertainty
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SEBI confirms ban on LS Industries and key individuals amid fraud probe

The Securities and Exchange Board of India (SEBI) has confirmed the suspension of LS Industries, its promoter Profound Finance, and four other individuals from participating in the securities markets
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Asia Pacific emerges as largest market for solar photovoltaic, India a bright...

New Delhi, May 31: The Asia Pacific (APAC) region has emerged as the largest market for solar photovoltaic (PV) and wind installed capacity, boasting 1.18 TW and 0.67 TW in 2024, respectively, according to a new report.Solar PV systems are poised to spearhead new investments, outpacing both onshore...
Providing service to taxpayers is duty of tax officials: FM Sitharaman
Business

Providing service to taxpayers is duty of tax officials: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday highlighted that it was the duty of tax department officials to serve taxpayers and they should undertake this task with “transparency and integrity.”
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