RBI decided not to hike the repo rate, and the policy statement clearly explains the rationale. RBI’s monetary policy in August comes against a backdrop of rising global inflation and central banks raising rates to keep it in check. Yet, RBI governor Sanjay Malhotra-led Monetary Policy Committee on Wednesday decided to keep the repo rate…
Experts say that instead of timing the interest rate cycle, fixed deposits should be opted for based on goals and cash flow. Even as investors become more risk savvy and financial literacy brings investment avenues like stocks, mutual funds, bonds closer, the humble fixed deposit continues to hold importance in portfolios. And this ‘safe haven’…
India’s job-switch wave grows, Google ranked the country’s most attractive employer What makes an employer stand out when nearly half the workforce is thinking about switching jobs?According to the Randstad Employer Brand Research (REBR) 2026, Google stands at the top of India’s most attractive employer brands, followed by Tata Group and Amazon.The REBR 2026 draws…
The survey showed that new business inflows expanded at the slowest pace since February 2022 (representative image) India’s services sector growth slowed to its weakest pace in more than four-and-a-half years in July as softer domestic and export demand, intense competition and weaker customer enquiries weighed on business activity, according to the latest HSBC India…
UPI: Government is also expected to prescribe an upper limit on the maximum MDR that can be charged. Will you have to pay for UPI payments going ahead? The government is expected to permit the levy of a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI transactions above Rs 2,000 made to businesses,…
Plastic notes have several advantages, including stronger security features, a lower risk of counterfeiting. (Image for representative purpose only) India’s first plastic or polymer notes are expected to go into circulation at the start of the next financial year, RBI governor Sanjay Malhotra has said. Sharing an update on the pilot project at the post…
Gold appears to be transitioning from a sharp correction into a consolidation phase. Gold price prediction today: Recent gold price trends suggest that the worst of the downside may be behind us, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.After a volatile July, gold finally showed signs of…
People walk past a store of Nykaa, an Indian beauty products retailer, at a mall in New Delhi BENGALURU: Beauty and fashion retailer Nykaa will acquire a 51% stake in premium skincare brand Aminu for up to Rs 32 crore. Meanwhile, its consolidated net profit more than tripled in the June quarter on the back…
SpaceX reports first quarterly earnings, posts $7.8 billion in revenue SpaceX delivered a quarter that beat expectations on paper, but not enough to put investors completely at ease. The Elon Musk-led company reported a smaller-than-expected loss for the three months through June as revenue soared to $7.8 billion, powered by rapid growth in its Starlink…
Stock market today: BSE Sensex jumps over 430 points, Nifty50 opens above 24,600 Indian benchmark equity indices opened on a strong note, extending gains in early trade as investors cheered positive global cues while awaiting the Reserve Bank of India’s monetary policy decision. BSE Sensex was trading at 78,867.36, up 438.41 points or 0.56%, while…
