BUSINESS
TCS to consider buyback of shares on Oct 11
TCS shares were up .87 per cent in Friday’s trade at Rs 3,620 on BSE.
Indian direct-2-consumer market set to reach 3 bn shipments by 2027
This is a compound annual growth rate (CAGR) of around 40 per cent, which is more than three times that of the broader retail market and 1.6 times of the e-commerce market for the same period, according to a report by Redseer Strategy Consultants.
RBI to issue Master Direction to strengthen Internal Ombudsman mechanism in banks
“Based on the learnings from the implementation of the extant IO guidelines, it has been decided to harmonise the same and issue a consolidated Master Direction,” the RBI said on Friday.
RBI rolling out Card-on-File Tokens facility at bank level
“This measure will enhance convenience for cardholders to get tokens created and linked to their existing accounts with various ecommerce applications. Instructions in this regard will be issued separately,” the RBI said in a statement.
Bajaj Finance hits new 52-week high
Bajaj Finance hit a new 52 week high of Rs 8,107 on Friday. It is up 2.9 per cent at Rs 8,080.
RBI may not cut repo rate for another 12 months, say experts
The repo rate is the rate at which the RBI lends to the banks.
Nifty advances for second straight day
Volumes on the NSE were at multi-week lows. Broad market indices rose in line with the Nifty even as the advance decline ratio advanced further to 1.88:1, Jasani said.
RBI Policy: No status quo on hawkishness
As expected the monetary policy review was status quo on policy stance and rates. However, there was a lot under the hood that was very hawkish indeed.
RBI doubles gold loans limit to Rs 4L for UCBs under bullet scheme
These banks will be required to continue to meet the targets and sub-targets thereafter and detailed guidelines on the matter will be issued separately, according to an RBI statement.
RBI leaves key lending rate unchanged with focus on growth
"MPC (Monetary Policy Committee) voted unanimously to leave the repo rate -- the rate at which the central bank lends short-term funds to banks -- unchanged at 6.5 per cent," RBI Governor Shaktikanta Das said while announcing the Committee's decision.
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