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The Reserve Bank of India (RBI) slashed the repo rate by a quarter point to 5.25% on Friday, at a time when the economy is growing strongly and inflation remains exceptionally low. SBI, in its latest report hailed the decision hailed as “exceptional” and said that the central bank had played its role in ensuring…
IMPHAL: Over 150 metres of fence in newly constructed section along Myanmar border in Manipur’s Chandel district was cut in the second instance of such a security breach in the state in four months. Officials said they had zeroed in on the suspects but declined to reveal their identities, citing ongoing investigations. The “sabotage” was…
With a 1.25% repo rate cut this calendar year, RBI has managed to put more money in your pocket. (AI image) Loan borrowers – whether home, car or personal, have been given an early New Year cheer by the Reserve Bank of India (RBI). The Monetary Policy Committee (MPC) has cut the repo rate by…
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI’s monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks — Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank — currently offer home loans at…
Fixed deposit investors may soon face another round of interest rate cuts after the RBI announced reducing the repo rate for the fourth time this year. The central bank on Friday reduced the interest rate by 25 basis points to 5.25%, which is down 125 basis points from the 6.5% level at the start of…
MUMBAI: The Reserve Bank of India’s Monetary Policy Committee cut the policy repo rate by 25 basis points to 5.25%, down from 5.50% in the October 1 policy review, while retaining a neutral stance. The RBI also hiked FY26 GDP forecast to 7.3% from 6.8% earlier and lowered inflation forecast to 2%.RBI governor Sanjay Malhotra…
Inflation at a benign 2.2 per cent and growth at 8.0 per cent in H1:2025-26 present a rare goldilocks period, said RBI. RBI monetary policy: The Reserve Bank of India (RBI) decided to cut the repo rate by 25 basis points to 5.25% in the December meeting of the Monetary Policy Committee (MPC). While most…
Mark Zuckerberg (File Image) Facebook founder and Meta CEO Mark Zuckerberg is reportedly planning significant resource cuts for the company’s metaverse project which was once hailed as the future of the company and the main reason behind the corporate name change from Facebook. Citing sources familiar with internal discussions, Bloomberg reports that the company executives…
Markets regulator Sebi has introduced a single-window access framework for low-risk foreign investors, aiming to simplify regulatory processes and make India a more attractive investment destination, according to PTI. The new system is designed to streamline compliance, ease multiple registrations and reduce repetitive documentation across investment routes.Called the Single Window Automatic & Generalised Access for…
MacKenzie Scott, Jeff Bezos’ ex-wife, has significantly reduced her Amazon stake, donating billions to diversity, equity, and inclusion initiatives. Her recent $80 million gift to Howard University highlights her focus on substantial contributions to DEI and disaster relief. Scott’s philanthropic efforts continue to impact numerous causes, solidifying her position as a top global philanthropist. MacKenzie…
