BUSINESS
RBI Approves Forward Contracts in Government Securities
We have received feedback on the need to permit forward contracts in Government securities to facilitate further development of the market.
Bharti Airtel Shares Soar 5% After Q3 Net Profit Jumps Over Fivefold
In the year-ago period, the company had posted a consolidated profit of Rs 2,876.4 crore.
RBI Lowers FY26 Inflation Projection to 4.2% from 4.8% for 2024-25
Unveiling the last bi-monthly monetary policy of this fiscal year, RBI Governor Sanjay Malhotra said food inflation pressures, in absence of any supply side shock, should see a significant softening due to good kharif production, winter-easing in vegetable prices and favourable rabi crop prospects.
RBI Lowers Policy Rate by 25 bps to 6.25% in First Cut in Five Years
The interest rate reduction of 25 basis points to 6.25 percent follows the last cut in May 2020. The rates were last revised in February 2023.
SBI Reports Strong 84% Rise in Net Profit, Reaches Rs 16,891 Crore in Q3
Net interest income, or core income, rose 4.09 percent from a year ago and was Rs 41,445.5 crore, the bank said in a filing to the stock exchange, versus Rs 39,816 crore.
Vijay Mallya Approaches Karnataka HC for Loan Recovery Details, Banks Issued Notice
Considering the plea, the High Court has issued notices to concerned banks in this regard.
Mumbai-Ahmedabad Bullet Train Project Gains Momentum with 100-Metre Bridge Construction
This bridge has been developed by the National High-Speed Rail Corporation Limited (NHSRCL) and crosses over four railway tracks, including two tracks of the Western Railway and two tracks of the Dedicated Freight Corridor Corporation of India (DFCCIL) between Kim and Sayan.
India's Gold Investments Jump 60% to Rs 1.5 Lakh Crore in 2024: Report
According to a World Gold Council report, this added that investment demand in gold was at its highest level since 2013, at 239 tonnes, and was a 29% increase from 185 tonnes recorded in 2023.
India’s Services Sector Sees Strong Growth in January, Hiring Surges: HSBC
Several services companies linked output growth to favorable demand conditions, new business wins, and investment in technology. However, a few firms suggested that activity levels at their units were constrained by a fall in customer numbers, the survey states.
Gold Reaches All-Time High of ₹8,432 per Gram Amid Geopolitical Uncertainties
According to experts, gold prices reached a record high because it is driven by safe-haven demand following China's reaction to US tariffs, which President Donald Trump had first imposed on the world's largest consumer of gold.
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