New Delhi, Feb 7 (UNI) The industry has hailed first rate by the Reserve Bank of India (RBI) first in five years by 25 bps from 6.50% to 6.25%, saying this coupled with relief in the income tax announced in the Union Budget will spur demand for homes and other activities leading to increase in…
New Delhi, Feb 7 (UNI) Welcoming the Monetary Policy Committee’s (MPC) decision to cut repo rate, industry captains on Friday said that the move would provide relief to home loan borrowers, boost consumption, lift consumer sentiments and help the India story. “The Reserve Bank of India’s (RBI) decision to reduce the repo rate by 25…
New Delhi, Feb 7 (UNI) Amid easing inflation pressure, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Friday decided to cut policy repo rate by 0.25% to 6.25% raising hopes of relief in loan EMIs. The RBI has cut the key interest rate in nearly five years. “After detailed assessment of the…
Mumbai, Feb 6 (UNI) The BSE Sensex on Thursday lost further by 213.12 pts to settle at 78,058.16 as selling was witnessed in Realty, Consumer Durable and Telecommunication stocks. Investors await the RBI’s Monetary policy to be announced on Friday. The National Stock Exchange (NSE) fell 92.95 pts at 23,603.35. The BSE Sensex surged 242…
New Delhi, Feb 6 (UNI) Global aerospace company, Boeing has said in a forecast that India and South Asia’s commercial airplane fleet will grow nearly four-fold over the next 20 years, building on sustained fleet growth throughout the last decade. Continued growth will be fueled by greater demand and a rise in the region’s air…
New Delhi, Feb 6 (UNI) Telecom major Bharti Airtel on Thursday announced 121 percent year-on-year jump in consolidated net income (before exceptional items) at Rs 5,514 crore during the third quarter of current financial year. Bharti Airtel posted consolidated quarterly revenues of Rs 45,129 crore, up 19.1 percent YoY driven by strong underlying momentum in…
Kolkata, Feb 06 (UNI) Amazon India on Thursday signed a Memorandum of Understanding (MoU) with ARGA, an initiative of the Government of Uttar Pradesh, to enable women entrepreneurs in and around Gonda district to leverage ecommerce and build their business. The collaboration was formalized at a special event celebrating World Wetlands Day at the Parvati…
New Delhi, Feb 6 (UNI) India’s largest state owned lender State Bank of India (SBI) on Thursday reported 84.3 percent jump in net profit year-on-year at Rs 16,891.44 crore in the third quarter (October-December) of 2024-25, versus Rs 9,164 crore in the corresponding quarter of last financial year. Net Interest Income (NII) for Q3FY25 increased…
New Delhi, Feb 6 (UNI) Online traveling company MakeMyTrip (MMT) today said “spiritual travel” in India is witnessing unprecedented growth, with pilgrimage destinations now accounting for over 10 per cent of company’s total room night bookings in Q3 FY25. Searches for religious destinations on the platform have surged by 46 per cent in 2024 as…
Mumbai, Feb 5 (UNI) The BSE Sensex on Wednesday slipped 312.53 pts to settle at 78,271.28 on profit booking by local operators. The National Stock Exchange (NSE) fell 42.95 pts at 23,696.30. Surging over 1300 pts on Tuesday, the BSE Sensex rose 121 pts to open at 78,704.60. It was further gained 152 pts at…
