NEW DELHI: Indian stock markets are expected to remain in a ‘corrective to consolidation’ phase for the next three to four months, according to a report by Motilal Oswal Wealth Limited.The report highlighted major macroeconomic trends and policy shifts that are influencing equity markets, especially the impact of rising interest rates by the US, rising…
MUMBAI: The board of Tata Capital, which is preparing for an initial public offering (IPO), will meet on Tuesday to discuss a potential fund-raise through a rights issue. The Reserve Bank of India has classified Tata Capital as an upper-layer non-banking financial services company (NBFC) and has directed the firm to list its shares by…
Niti Aayog CEO BVR Subrahmanyam emphasized that India must reduce tariffs for its own benefit, regardless of external pressures. He highlighted the need for India to prioritize openness to global markets and finalize trade agreements with major economies like the EU and UK. Deregulation at both central and state levels is also crucial for integrating…
MUMBAI: In a move aimed at improving liquidity in the banking system, the RBI has said that it will conduct a USD/INR buy/sell swap auction on Feb 28 to inject Rs 86,000 crore into the banking system. The auction, aimed at meeting long-term liquidity needs, will involve a $10 billion swap with a three-year tenor….
MUMBAI: RBI governor Sanjay Malhotra in his maiden monetary policy committee (MPC) meeting had said that it was an ‘appropriate time’ to cut rates, given the macroeconomic outlook and expected inflation alignment with the target. Malhotra had argued that monetary easing, along with agricultural growth and budgetary measures, would stimulate household consumption, housing investment and…
NEW DELHI: The Reserve Bank of India (RBI) has imposed a fine worth Rs 46.7 lakhs on three firms for non compliance with certain provisions of directives issued by the Reserve Bank of India. In three separate press releases issued by the apex bank on 21 February, it issued a monetary penalty on CitiBank NA,…
NEW DELHI: The Supreme Court stayed the appointment of state-owned NBCC as the project management consultant for completing 16 stalled housing projects of debt-ridden real estate firm Supertech Ltd, which are valued at approximately Rs 9,500 crore.A bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan heard two appeals challenging…
NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank credit growth fell to 11.8 per cent, against the 12.6 per cent recorded in September 2024. Similarly, aggregate deposit growth eased to 11 per cent…
NEW DELHI: India’s foreign exchange reserves broke the three-week upward streak for the week that ended on 14 February, falling by $2.54 billion to reach $635.721 billion, according to data released by the RBI on Friday.This follows a rise of $7.654 billion in the previous week to $638.261 billion.India’s forex reserves had reached an all-time…
Tesla, under Elon Musk’s leadership, is reportedly seeking retail space and recruiting staff to sell vehicles in India. (AI image for representative purpose) Tesla India entry: India may introduce an on-tap facility process for electric vehicle manufacturing under the soon to be unveiled guidelines of the incentive programme announced in the previous year, according to…
