Economy Archives - Page 185 of 332

Economy

February 7, 2025 11:47 AM

RBI launches exclusive ‘.bank.in’ domain to tackle financial frauds, enhances digital security measures

RBI Governor Sanjay Malhotra introduced a new '.bank.in' internet domain for Indian banks and stricter authentication protocols for digital transactions on Friday, as part of his unveiling of the Monetary Policy. "The Reserve Bank shall implement th...

February 7, 2025 10:57 AM

RBI cuts repo rate by 25 bps to 6.25% in first policy review

Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps), from 6.50% to 6.25%. Malhotra addressed the challenges posed by the g...

February 7, 2025 9:56 AM

RBI likely to cut repo rate by 25 Bps in Governor Sanjay Malhotra’s first policy move

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday. Experts predict that the central bank may reduce the repo rate by 25 basis points (bps) to ...

February 6, 2025 8:38 PM

RBI may cut repo rate by 50 basis points to boost economy: ASSOCHAM

The Reserve Bank of India (RBI) is expected to cut the benchmark policy repo rate, which stands at 6.50 per cent, by at least 50 basis points to support economic growth, a top industry body said on Thursday. To help the economy tide over the crisis ...

February 6, 2025 4:35 PM

Sensex, Nifty close lower as investors await RBI MPC decision

The Indian stock market ended in the red on Thursday as investors adopted a cautious stance ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting, scheduled for February 7. Market participants are closely watching the cen...

February 6, 2025 4:20 PM

SBI posts robust 84 pc surge in net profit at Rs 16,891 crore in Q3

India's largest public sector lender, the State Bank of India (SBI), on Thursday reported an impressive 84.32 per cent surge in net profit (year-on-year) at Rs 16,891 crore for the October-December quarter (Q3 FY25), from Rs 9,164 crore in the year-a...

February 6, 2025 3:09 PM

Auto sales up 6.6% in January, dealers have mixed expectations for coming months: FADA

The Indian automobile retail sector saw a strong start to 2025, with overall sales increasing by 6.6% year-on-year (YoY) in January, according to the latest report by the Federation of Automobile Dealers Associations (FADA). Despite the positive num...

February 6, 2025 11:55 AM

Sensex, Nifty fall as investors await RBI rate decision

India's benchmark indices slipped on Thursday as investors remained cautious ahead of the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting, scheduled for Friday. The Sensex dropped 106.39 points, or 0.14%, to 78,164.89, while th...

February 5, 2025 8:50 PM

India’s gold investments surge 60% to Rs 1.5 lakh crore in 2024: report

Gold investments in India surged by 60% in 2024, reaching $18 billion (approximately Rs 1.5 lakh crore), compared to 2023, according to a report on Wednesday. The World Gold Council (WGC) report added that gold investment demand stood at 239 tonnes,...

February 5, 2025 4:55 PM

Cargo handled at India’s major ports surges to 819 million tonnes

The cargo handled at India's major ports has increased from 581.34 million tonnes in 2014-15 to 819.23 million tonnes in FY 2023-24, achieving a compound annual growth rate (CAGR) of 3.5 per cent, which is comparable to global standards, the Parliame...

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