BUSINESS
PLI Scheme Attracts ₹27,106 Crore Investment for Specialty Steel
Out of this amount, Rs. 18,848 crore have been achieved till December 2024, Minister of State for Steel Bhupathiraju Srinivasa Varma told Parliament on Friday.
RBI Postpones LCR Norms by a Year, Providing Major Relief to Banks
He said that the step has been taken as the earlier deadline of March 2025 does not give sufficient time for the implementation of these guidelines. The RBI does not want a disruption in the financial system and will ensure a smooth transition, he added.
Swiggy Shares Decline for Fourth Consecutive Day, Fall Below IPO Price
According to market experts, the company's shares are falling because of the investors' reaction to the higher-than-expected losses reported by the company in the third quarter (Q3 FY25).
RBI Launches bank.in & fin.in Domains to Combat Digital Payment Fraud
This measures would reduce cybersecurity threats and malign activities such as phishing; this would also aid in streamlining secure financial services, thereby uplifting trust in banking and payment service through digital networks.
RBI Revises 2025-26 Real GDP Growth Forecast to 6.7%
It also expects CPI inflation to moderate to 4.4 percent in the fourth quarter of the current financial year and decline further to 4.2 percent in 2025-26.
Sensex, Nifty Remain Steady as RBI Lowers Repo Rate by 25 bps
Both the indices recorded little movement after gains in the metal stocks offset declines in ITC Ltd, Reliance Industries Ltd and a few banking and financial stocks.
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.
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