NEW DELHI: India’s foreign exchange reserves declined by $4.112 billion to $640.279 billion for the week ending December 27,according to the Reserve Bank of India (RBI) on Friday.This follows a previous decline of $8.478 billion, bringing the total to $644.391 billion, in last week ending on December 20.Recent weeks have shown a consistent decrease in…
NEW DELHI: The Reserve Bank of India (RBI) is expected to lower policy rates by 50 basis points (bps) in the first half of 2025, according to a report by Jefferies. This follows the central bank’s recent shift towards eased liquidity, and a 50 bps reduction in the cash reserve ratio (CRR) during the last…
Indian banks are expected to achieve a credit growth of 12.5 per cent in the financial year 2025, according to a report by HSBC Securities and Capital Markets (India) Private Limited published on Friday. However, the report also cautioned that a slowdown in GDP growth could pose risks, keeping credit expansion range-bound in 2024-25.The report…
Recent trials of the Vande Bharat sleeper train have demonstrated its capability to reach 180 kilometres per hour. Vande Bharat sleeper hits 180 kmph in trials! Railway Minister Ashwini Vaishnaw has shared a video of the Vande Bharat sleeper train trials which shows the train hitting a peak speed of 180 kmph during its trials….
KOLKATA: Western Carriers India Ltd (WCIL), a Kolkata-based logistics firm, has secured a material handling order worth Rs 139 crore from Vedanta Ltd, the company said on Friday. The order entails an import, finished goods domestic and export material handling contract at Vedanta’s Jharsuguda plant for a duration of four years, WCIL said in a…
Indian Railways officials also confirmed that 54,337 TKM of tracks can accommodate speeds up to 110 kmph. Faster train travel! Indian Railways officials have said that over one-fifth of India’s railway tracks now support train speeds up to 130 kmph, achieved through enhanced safety measures including fencing and modern signalling systems.“Around 23,000 track kilometres (TKM)…
NEW DELHI: Poverty rates in India fell below 5% and the existence of extreme poverty became almost minimal in 2024, according to a study by the State Bank of India. “At an aggregate level, we believe poverty rates in India could now be in the range of 4-4.5 per cent with almost minimal existence of…
Bank Holidays: RBI issues a comprehensive state and region-specific holiday calendar annually. Bank holidays January 2025: Banks across India observe closures during national and regional holidays, with variations by state. While many bank customers prefer conducting banking activities on Saturdays, it is important to note that banks remain closed on second and fourth Saturdays, alongside…
Digilocker, operated by the government, serves as a digital repository where Indian citizens can store their documents. Digilocker down! Customer verification for stockbrokers has been severely disrupted since January 1, as Digilocker, a crucial platform for identity verification, has been non-operational, according to three sources familiar with the matter on Thursday.Digilocker, operated by the government,…
Vivek Oberoi has become recognised for sharing his knowledge about financial management and investment approaches. Bollywood actor Vivek Oberoi has established himself as one of India’s wealthiest entertainers with a substantial net worth of Rs 1,200 crore. His financial success has placed him ahead of notable industry figures such as Allu Arjun, Ranbir Kapoor, and…
