Category: Business

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RBI slashes cash reserve ratio by 0.5 pc to spur growth, leaves repo rate unchanged

The CRR has been reduced from 4.5 per cent to 4 per cent.

Markets rally: Nifty, Sensex surge as BJP forms government in Maharashtra, RBI rate cut hopes soar

Mumbai (Maharashtra): The Indian stock market rallied on Thursday, buoyed by expectations of policy rate cuts by the Reserve Bank of India (RBI), the formation of a BJP-led government in Maharashtra, and strong foreign institutional investor (FII) buying, closing firmly in positive territory. At the close of trading, the Nifty 50 at the National Stock.

Domestic and global firms jostle for branding space at ‘Maha Kumbh 2025’

New Delhi: As millions of people prepare for the ‘Maha Kumbh 2025’ in Prayagraj starting on January 13, both domestic and international companies are competing for branding opportunities at the world’s largest religious gathering, which lasts for 45 days. Companies from sectors like FMCG, pharmaceuticals, mobility, and digital payments are set to invest more than.

India sold more 2-wheelers than China in 2023 as rural consumption surges

New Delhi: India surpassed China in two-wheeler sales in 2023, fueled by a significant increase in rural consumption. Entry-level two-wheeler manufacturers in India have successfully expanded their reach into rural markets. According to data from the Society of Indian Automobile Manufacturers (SIAM), India registered 17.10 million two-wheelers in the calendar year 2023, while China sold.

Over 8 in 10 South Korean firms see Trump’s return as negative factor for economy

Seoul: According to a survey conducted by the Korea Enterprises Federation (KEF), over 80% of South Korean firms believe that Donald Trump’s potential return to the presidency would negatively impact the national economy. The survey, which included 239 companies with at least 30 employees, revealed that 82% of respondents cited concerns over Trump’s protectionist policies,.

Indian startups raise $145 mn in funding this week

New Delhi:  The domestic startup ecosystem raised more than $145 million, as investor confidence is reviving in the country when it comes to VC funding. Publicly-listed gaming firm Nazara raised $101.3 million via a preferential share issue, led by investors like SBI Mutual Fund, Caratlane founder Mithun Sacheti, and Aamara Capital. ShopDeck, a direct-to-consumer (D2C).

EPFO Board okays redemption policy for ETFs to boost earnings for members

New Delhi: The meeting of the EPFO Central Board of Trustees, chaired by Union Labour and Employment Minister Mansukh Mandaviya, on Saturday approved a Redemption Policy for exchange-traded fund (ETF) investments in CPSE and Bharat 22 to generate higher income for the EPF Scheme’s ‘Interest Account’. The policy mandates a minimum five-year holding, returns exceeding.

India clocks 5.4 per cent GDP growth in Q2, remains fastest growing economy

New Delhi: India’s economy clocked a GDP growth rate of 5.4 per cent for the second quarter (July-September) of the current financial year, according to the data released by the Ministry of Statistics on Friday. Although the GDP growth has slowed during the second quarter, India still remains the fastest growing major economy in the.

Sensex surges 759 pts, Bharti Airtel and Sun Pharma top gainers

Mumbai:  The Indian stock market closed in green on Friday as both the equity benchmark indices Sensex and Nifty witnessed a strong rally. With this strong comeback of the indices, the market recovered from the previous session’s sell-off due to F&O (futures and options) expiry. Sensex closed at 79,802.79 after a gain of 759.05 points.

Get Ready for Adventure: Parasailing Activities to Begin at Govind Sagar Lake in Bilaspur

Bilaspur (Himachal Pradesh): The district administration of Bilaspur is set to enhance the tourism experience at Govind Sagar Lake by introducing parasailing activities. A leading Delhi-based company, currently operating in Tehri, has been invited to conduct trial operations for this project. The company will carry out parasailing activities in the lake for the next two months..