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Morgan Stanley Expects One More Rate Cut in October amid Cooling Inflation in India
Global brokerage firm Morgan Stanley has said that the Reserve Bank of India (RBI) is likely to go for one more rate cut of 25 basis points (bps) in its October policy meeting, even as inflation continues to fall rapidly.While the firm expects the central bank to keep rates...
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Piyush Goyal Exhorts Nation's Youth to Be Architects of Viksit Bharat
Union Minister of Commerce and Industry, Piyush Goyal, on Friday exhorted the country's youth to actively contribute to building a Viksit Bharat by 2047, as envisioned by Prime Minister Narendra Modi's 'Panch Pran' (five pledges) for 'Amrit Kaal'.Inaugurating India's...
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QIP Fundraising Hits 5-year High, SBI's RS 20,000 Crore Issue Receives 4 Times Bids
Qualified institutional placements (QIPs) witnessed a resilient growth in July so far, led by State Bank of India's (SBI) recent fundraise, taking the total QIP fundraising to a five-year high of over Rs 30,000 crore.QIPs are a way for listed companies to raise capital...
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FGD Implementation Waiver to Help Coal Plants Save up to RS 24,000 Crore in Annual Tariffs
Centre's recent move to relax the requirement for mandatory installation of flue gas desulphurisation (FGD) systems at most coal-based thermal power plants will help them save Rs 19,000 crore to Rs 24,000 crore in annual tariff expenses, equivalent to Rs 0.17 per unit to Rs...
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Indian Overseas Bank's Profit Jumps 76 PC to RS 1,111 Crore in Q1, NII Rises 13 PC
Indian Overseas Bank (IOB) on Friday reported a strong 75.6 per cent year-on-year (YoY) growth in its net profit for the June quarter (Q1 FY26), reaching Rs 1,111.04 crore.This is a sharp increase compared to Rs 632.81 crore profit the bank earned in the same quarter...
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India's Tyre Sector Poised to Clock 8 PC Revenue Growth in FY26: Report
India's tyre sector will see steady revenue growth of 7-8 per cent during the current financial year, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady,...
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PhonePe's Pincode Empowers Offline Retailers, Digitalises over 1,000 Offline Stores
PhonePe's hyperlocal quick commerce platform, Pincode, has digitally empowered over 1,000 local offline stores across Bengaluru, Pune, Delhi NCR, Hyderabad, Mumbai, and Varanasi.By combining technology, operational expertise, and reliable logistics, Pincode enables offline...
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India's Energy Diplomacy Is Helping Stabilise Global Oil Market: Hardeep Puri
Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India's energy diplomacy is not only securing the country's future but is also helping to stabilise global energy markets.He pointed out in a post on X that India has expanded its oil sourcing from...
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National Stock Exchange CEO Ashish Chauhan's Book 'Sthitpragya' Releases in Marathi
National Stock Exchange (NSE) CEO and Managing Director Ashish Kumar Chauhan's book 'Sthitpragya' has been released in Marathi.'Sthitapragya' means the process of maintaining equilibrium. Written by Dr. Mayur Shah, the book recounts his inspiring life journey.It highlights...
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India remains a compelling investment destination globally: Report
India remains a compelling investment destination worldwide, owing to stability, structural reforms and a resilient consumer base, leading global investment firm KKR has stressed.KKR, in its '2025 Mid-Year Global Macro Outlook,' said India's growth prospects and favourable...
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Sensex, Nifty Open Lower as Midcap and Smallcap Hold Markets
The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark.At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82,087 and Nifty was down 35 points or 0.14 per cent at 25,075.In the...
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India to Drive Global Creative Economy with AI-led Innovation: Govt
India is set to lead the global creative economy with AI-driven innovation, as the startup ecosystem surges especially in the tier 2 and 3 cities, according to the government.In order to ensure inclusive communication and last-mile information delivery in every language...
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Department of Posts, AMFI Join Hands for KYC Verification of 24.13 Crore MF Investors
The Department of Posts (DoP) has collaborated with the Association of Mutual Funds in India (AMFI) to streamline KYC (Know Your Customer) verification for approximately 24.13 crore mutual fund investors.This includes 19.04 crore folios in Equity, Hybrid, and...
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25-year-old Bank Employee Ends Life in Gujarat's Amreli over RS 28 Lakh Debt
A 25-year-old woman from Bhad village of Gujarat's Amreli district allegedly committed suicide after consuming poison-laced food at her workplace.The woman, identified as Bhumika Hareshbhai Sorathia, was employed at a private bank in Amreli-Khambha.According to police...
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PM Modi Launches Projects Worth RS 7,200 Crore, Says Bihar's Growth Vital for Viksit Bharat
Prime Minister Narendra Modi on Friday launched a series of infrastructure projects in Bihar worth Rs 7,200 crore and called for transforming the state into a hub of growth and opportunities, as well as a vital part of the Viksit Bharat mission.Addressing the large public...
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Hours before PM Modi's Rally at Bengal's Durgapur, Trinamool Poses Five Questions to Him
Little more than a couple of hours before Prime Minister Narendra Modi's scheduled address at a crucial political rally in the industrial township of Durgapur in West Burdwan district, the Trinamool Congress has posed five questions to him, focussing mainly on the alleged...
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SC Refuses to Stay Trial against Lalu Prasad in Land-for-job Case
The Supreme Court on Friday refused to entertain a plea filed by Rashtriya Janata Dal (RJD) leader Lalu Prasad seeking a stay on the proceedings of the trial court in the land-for-job case.Lalu has moved a special leave petition (SLP) before the Apex Court after the Delhi...
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Rowdy-sheeter Murder Case: K'taka MLA Gets Police Notice, BJP Says Leaders Targeted
The Karnataka Police issued a notice to Bengaluru MLA Byrathi Basavaraj on Friday, directing him to appear before the investigating officer in connection with the rowdy-sheeter murder case.Basavaraj, a senior MLA representing the K.R. Puram Assembly constituency in...
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Learned a Lot from Oommen Chandy, Who Was a Guru to Me: Rahul Gandhi
Congress leader Rahul Gandhi, in an emotional tribute to former Chief Minister Oommen Chandy, recalled his 21-year association with the late leader, and said that he learned a lot from him.The occasion was the second death anniversary of Chandy, held in the courtyard of the...
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Tata Power Inks 120 MWH Battery Energy Storage Purchase Agreement with NHPC for Kerala
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed its first Battery Energy Storage Purchase Agreement with Government-owned power major NHPC Limited.The project, secured under NHPC's BESS tranche-I tender through a...
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After Lalu, Kejriwal Will Be Ex-CM Languishing in Jail for Longest Period: Sirsa
Delhi Minister for Food Supplies, Industry, Forest & Environment, Manjinder Singh Sirsa, launched a sharp attack on Aam Aadmi Party (AAP) chief Arvind Kejriwal on Friday, accusing him of large-scale corruption during his tenure as Chief Minister.Talking to media persons...
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Two Arrested in Maharashtra Assembly Scuffle Case
Two persons have been arrested in connection with the clash on the premises of the Maharashtra Legislature complex 'Vidhan Bhavan' here, an official said on Friday.The Mumbai Marine Drive Police Station arrested the two people, identified as Nitin Deshmukh and Rishikesh...
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One Dead, Two Injured after Roof of Abandoned Govt School Collapsed in Ranchi
In a tragic incident, the roof of a long-abandoned government school collapsed on Friday morning, killing an elderly man and leaving two others critically injured, officials said.The accident occurred around 8 a.m. The building once housed a government-run school but had...
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Four Killed as Car Rams into Truck on Hyderabad ORR
Four persons were killed and another injured when a car in which they were travelling rammed into a stationary truck on the Outer Ring Road (ORR) on the outskirts of Hyderabad early on Friday morning, police said.The accident occurred on the ORR at Adibatla in Rangareddy...
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Delhi Woman Arrested for Violating Externment Order
In a significant development in the ongoing efforts to curb criminal activity in the national capital, a woman externee has been arrested in Delhi from the South West District.The accused was identified as 55-year-old Bimla Devi, a resident of Mahavir Enclave Part-I, Palam,...