BUSINESS
RBI Chief: Rate Cut Depends on Sustained Inflation Alignment to 4% Target
“Any reduction in the policy rate will also be influenced by future data, with inflation being the predominant factor,” Das told NDTV Editor-in-Chief Sanjay Pugalia.
RBI Governor Urges Banks to Address Discrepancy Between Credit and Deposit Growth
Banks, in his opinion, should be sensitive to the changing investment habits of the young, aspiring Indians. While the trend away from traditional deposits into alternative instruments is not immediately threatening, it could lead to future structural liquidity problems. In this context, innovation in deposit products and leveraging the extensive branch network would become imperative for the banks to remain competitive.
Tata Group Prepares to Launch New iPhone Assembly Plant, Enhancing Apple's Presence in India
Situated in Hosur, Tamil Nadu, the new facility will become intrinsic to Tata's iPhone manufacturing. This facility is likely to generate employment for more than 50,000 people, and a vast majority of those will be women.
Sensex Rises as TCS and Wipro Drive Gains
Buying is seen in smallcap and midcap stocks. Nifty midcap 100 index is up 143 points or 0.25 per cent at 57,903 and Nifty small 100 index is 77 points or 0.41 per cent at 18,829.
Zomato's 21 Crore Shares Traded in Rs 5,438 Crore Block Deal
The stock of Zomato was down after the deal and trading at Rs 259.58 per share during the morning session.
RBI Reports Export Sector's Revival as Key Driver of India's Growth
The report notes that, except for China, nine out of the top ten export destinations—representing around half of the total export value—are seeing increased demand.
India's Economy Shows Strong Performance, Says Gita Gopinath
Gopinath, who sees India jumping to being the world's third largest economy by 2027, said such growth has to be inclusive and broad-based. "It is crucial for this growth to be inclusive and create enough jobs so that the gains from growth are shared widely," she said.
How to Use Technical Analysis in Forex Trading
This article will reveal the main instruments and approaches applied in the technical analysis to improve your trading approach.
Foxconn's Indian Investments Hit $10 Billion; Apple's Indian Operations Reach $23.5 Billion
Running parallel to an estimate for the same period, Apple's operations in India are pegged at USD 23.5 billion during FY24 itself, thereby cementing its status as one of the prime alternatives to China and Vietnam as far as manufacturing is concerned.
Adani Portfolio Sees 50% Net Profit Increase to Rs 10,279 Cr in Q1, Driven by Emerging Sectors
In particular, EBITDA from Adani's core infrastructure segments, comprising utilities, transport, and infrastructure under Adani Enterprises Ltd, was up by 41.6 percent on a year-on-year basis and contributed 86 percent to the total EBITDA, the Adani Group said in a statement.
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