Indian Economy
RBI's 50 BPS Repo Rate Cut: Home Loan EMIs and Tenure Set to Decrease
This rate cut comes at the right time as India, now the world's fourth-largest economy, is seeing strong growth in the realty sector not just in big cities but also in tier 2 and tier 3 towns.
RBI Slashes Repo Rate by 50 Basis Points to 5.5%, Marks Third Straight Cut
With this fresh cut, the repo rate now stands at its three-year low, offering relief to home, auto, and corporate borrowers. The repo rate was previously at a similar level of 5.40 per cent on August 5, 2022.
India’s Manufacturing PMI Hits 57.6 in May, Says HSBC
While down slightly from April's 58.2 reading, the index was well above the 50-point mark, signaling consistent growth in plant activity, according to numbers tallied by S&P Global.
Surging PSU Profits Bolster Government’s Fiscal Strength
Leading the pack were the State Bank of India (SBI), the country’s largest bank, and insurance behemoth Life Insurance Corporation of India (LIC), with net profits of ₹18,643 crore and ₹19,013 crore, respectively.
RBI Poised for 'Jumbo' 50 Bps Rate Cut, Says SBI Report
The report indicates that such a steep cut would be able to revive the credit cycle and bring some stabilizing effect at a time when the economy is witnessing uncertainties.
Errol Musk Visits India to Explore Green Tech and EV Sector Growth
He has as part of his itinerary a visit to Servotech's manufacturing facility and a series of high-level interactions, including a visit later in the week to the Ram Temple in Ayodhya.
IndiGo Plans Direct Flights to London, Athens, and 8 More International Destinations This Fiscal, Says CEO Elbers
During a briefing in New Delhi, IndiGo CEO Pieter Elbers cited the immense opportunity in India's aviation industry, fueled by growth in passenger demand and continued infrastructure building. He forecasted that passenger figures would double from 2025 to 2030, boosted by this robust expansion and increased capacity.
IndiGo Given Final 3-Month Extension to End Turkish Aircraft Lease
IndiGo has two Boeing 777s which it acquired through a lease from Turkish Airlines. While the lease of the budget airline was until May 31, it had asked for the extension of the lease by six months from the Civil Aviation Ministry.
Indian Hospitality Sector Sees 16.3% Jump in Revenue Per Available Room in Q1
The uptrend also persisted sequentially, with RevPAR in major markets in India growing 8% from the fourth quarter of 2024.
India's Industrial Output Growth Slows to 2.7% in April Amid Mining and Power Sector Weakness
The manufacturing industry, which is very important in the creation of quality job opportunities for the nation's upcoming graduates from universities and engineering colleges, posted a 3.4 percent increase from April last year. The growth also represented an improvement from March's 3 percent increase.
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