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Home  Business

Business

RBI projects GDP growth at 9.5 per cent in 2021-22

RBI projects GDP growth at 9.5 per cent in 2021-22

  • Sensex, Nifty start on positive note ahead of RBI policy outcome

    After opening on a flat note, the 30-share BSE index was trading 59.24 points or 0.11 per cent higher at 52,291.67 in initial deals, and the broader NSE Nifty advanced 16.85 points or 0.11 per cent to 15,707.20.
  • Rupee falls 16 paise to 73.07 against US dollar in early trade

    Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance amid the second COVID wave.
  • Equity indices trade flat as RBI keeps interest rates unchanged

    At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721.
  • RBI maintains status quo on interest rates

    The announcement came after a three-day meeting of its Monetary Policy Committee (MPC). The RBI has kept repo rate the central bank's lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.
  • WE Hub launches video series on entrepreneurship

    First episode will be telecasted on TSAT network on June 9
  • ZeroCode to train alternative developers

    City-based ZeroCode is looking to see how quickly a company can get digitised without the need for coders and coding.
  • Onus of recovery on govt; expect over 9.5 pc GDP growth in FY22

    The government may be waiting for the lockdowns to end before they can announce specific measures for the revival, which can have the best multiplier effect.
  • IDBI Bank secures $239 mn debt judgement in UK

    IDH International Drilling Holdco Ltd (IDH), the Cypriot-registered parent company of the borrowers, gave a corporate guarantee in respect of the loan.
  • Sensex, Nifty surge to record highs

    Titan was the top gainer in the Sensex pack, soaring nearly 7 per cent, followed by ONGC, L&T, Kotak Bank, Axis Bank, Bajaj Finance and HDFC Bank.
  • Niti Aayog submits names of PSU banks for privatisation

    Changes on the regulatory side to facilitate privatisation would start after the Cabinet approval.
  • Govt to notify PLI scheme for auto components, steel, textile: Official

    The government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards.
  • India’s services sector slumps in May

    International demand for Indian services also worsened, with new export business falling at the quickest rate in six months.
  • Mucormycosis treatment covered by default: Policybazaar

    Policyholders must adhere to the terms and conditions of their health insurance policy including notifying the insurers of pre-existing illnesses, planned or emergency hospitalisations.
  • Ocugen expands Covaxin commercialisation rights to include Canada

    US-based Ocugen will make an upfront payment and milestone payment upon first commercial sale in Canada to Bharat Biotech, in addition to sharing the profit from sales of Covaxin in Canada
  • True wireless sales up by 44% in Q1, Apple leads

    According to research firm Counterpoint Research's latest Global Hearables (TWS) Market Report, Apple dominated the over-$100 segment with 57 per cent share, followed by Samsung at 17 per cent.
  • Ministry of Health finalises pact with Biological E for Covid-19 vaccine

    Advanced arrangements made for 30 crore doses; Union Ministry of Health would be making an advance payment of Rs 1,500 crore to the Hyderabad company
  • OnePlus Nord CE 5G to be launched with Snapdragon 750G chipset

    According to GSMArena, it looks like the Nord CE -- Core Edition -- is based heavily on the original Nord, with a few cuts here and there to presumably give it a lower launch price.
  • Eufy by Anker launches smart robotic vacuum cleaner G30 in India

    The G30 Hybrid brings together vacuuming and wet mopping capabilities in one modestly designed robot.
  • Hyderabad-based GoKea launches hyper logistics service for e-commerce

    Over 10,000 ‘GoKea’ riders to serve the South Indian market in next one year servicing the logistics needs of online marketplace
  • Gold, silver decline amid muted global trends

    In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
  • 208 students graduate from T-Hub’s LaunchPad Programme

    The programme enlightens students on the scope of entrepreneurship and also gives them a direction to achieve success in the field.
  • GMR Hyderabad International Airport receives ‘Green Airports’ recognition

    The award was decided by a global panel that recognised GHIAL’s Sustainable Airport Operations for effective air quality management.
  • Fintech lending startup KreditBee raises Rs 60 cr from India SME

    The Bengaluru-headquartered KreditBee in February concluded its Series C equity round worth $75 million (about Rs 545 crore) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures
  • TalentSprint, IIT-Madras to provide deeptech programme for professionals

    The 12-month PG level advanced programme in applied data science and machine intelligence is designed for early career professionals who are keen to build careers in data science and AI.
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