BUSINESS
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.
Monetary policy announcement seen as neutral from market perspective
Not only the policy rates but the growth and inflation targets for FY24 remain unchanged. More than this status-quo statement from the MPC, tonight’s job numbers from the US will determine the market trend in the near-term, he said.
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
IndiGo to levy fuel charge on domestic, international routes from Friday
Private carrier IndiGo is introducing a fuel charge on domestic and international routes from Friday, an official said on Thursday.
Nudge Theory used by Modi govt to push economy: Sitharaman
The theory is being used as a tool to promote economic activity tailored to India's requirements, she said while addressing the annual day function of Shri Ram College of Commerce (SRCC).
Oyo in talks with 'multiple firms' to refinance its $660mn loan
The move by Oravel Stays Pvt Ltd, the parent company of Oyo, is to reduce debt and scout for "cheaper financing options" in order to save more, sources told IANS.
India, UAE enter pact for RuPay usage
The AEP is an indirect subsidiary of the Central Bank of UAE (CBUAE).
Bajaj Finance going for Rs 10K crore fundraise
The NBFC plans to raise up to Rs 8,800 crore through a qualified institutional placement of shares, and another Rs 1,200 crore by issuing warrants convertible into shares to Bajaj Finserv.
India’s services sector growth surges to 13-yr high in Sep: S&P survey
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61.0 in September, signalling a sharp upturn in output that was one of the strongest in over 13 years.
MobiKwik reports 52% revenue growth in Q2 FY24, logs strong H1 performance
The revenues for the July-September quarter stood at Rs 208 crore, a growth of 17 per cent over the previous quarter in the same fiscal, with a profit after tax (PAT) of Rs 5 crore.
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