Latest News, Updates & Breaking Headlines
MUMBAI: RBI’s monetary policy committee on Wednesday unanimously voted to keep the repo rate unchanged at 5.5% with a neutral stance, while hiking FY26 growth forecast to 6.8% from 6.5%.“Since we last met in June, inflation has come down by about 1%. It is now at 2.6–2.7% compared with our earlier forecast. That’s the reason…
The Reserve Bank of India (RBI) on Wednesday lowered its FY26 inflation forecast to 2.6% from 3.1%, while revising India’s GDP growth upward to 6.8% on the back of a good monsoon and GST rate rationalisation. The central bank also kept the policy repo rate unchanged at 5.5% for the second straight review.The decision comes…
Health insurance renewals in India have reached record highs in FY26, thanks to the rising popularity of modular, affordable, and high-cover policies, a report by Policybazaar shows.The report highlighted that over the past two years, plans designed with consumer convenience in mind, catering to different ages, city tiers, and pre-existing conditions, have made health insurance…
NEW DELHI: The Organisation for Economic Cooperation and Development (OECD) on Tuesday lifted India’s economic growth forecast by 40 basis points for 2025-26, citing monetary and fiscal policy easing and reforms linked to the Goods and Services Tax (GST).“In India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to…
India’s pharmaceutical sector is projected to post healthy revenue growth of 7-9 per cent in FY26, aided by robust demand in the domestic and European markets, even as momentum in the United States is expected to cool, according to rating agency ICRA.The domestic market is expected to expand by 8-10 per cent and Europe by…
MUMBAI: While a jump in capital expenditure is unlikely this fiscal year, the prospects for the economic growth catalyst are much better over a medium-to-long term, an arm of global rating agency S&P said on Wednesday. Companies are likely to invest upward of $800 billion over the next five years, S&P Global said. “There is…
New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points each in October and December, bringing the terminal rate down to 5 per cent, global brokerage Morgan Stanley has projected in its latest report. The easing cycle is supported by sustained disinflation and inflation undershooting the central bank’s 4…
Representative image (Picture credit: ANI) Prices of daily essentials may ease further in the coming months as recent cuts in GST begin to reflect in actual numbers, Bank of Baroda (BoB) said in its latest report. According to news agency ANI, the bank projects retail inflation, measured by the Consumer Price Index (CPI), to average…
