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Home  Business

Business

RBI keeps repo rate unchanged at 5.5% amid tariff concerns, retains FY26 growth outlook

RBI keeps repo rate unchanged at 5.5% amid tariff concerns, retains FY26 growth outlook

  • Anil Ambani grilled by ED for 9 hours in Rs 17,000-crore loan fraud case, to be called again

    According to sources, Reliance Group Chairman sought to deny any involvement in the case, maintaining that all the financial decisions were taken by the internal board of his companies
  • Trump says he will raise tariffs on India substantially in next 24 hours

    New Delhi calls the threat of additional tariffs “unjustified and unreasonable”
  • India saw over 84,000 gaming accounts leaked in 2024: Kaspersky report

    Over 84,000 gaming account credentials were leaked in India in 2024, according to cybersecurity firm Kaspersky. The Asia-Pacific region leads globally in gaming-related data breaches, with over 11 million accounts exposed worldwide amid rising mobile and digital penetration
  • 48 passengers placed on no-fly list till July: Govt

    The Centre informed Parliament that 48 passengers were placed on India’s 'no-fly list' till July 30 this year due to unruly behaviour. The DGCA rules prescribe bans ranging from three months to over two years based on severit
  • ITR verification must be completed in 30 days to avoid invalidation, warn experts

    Income tax returns filed online must be verified within 30 days, or they will be considered invalid. With the AY25-26 deadline set for September 15, tax experts urge users to complete the e-verification step to ensure their returns are processed
  • Hyderabad-based Aurobindo Pharma’s Q1 net profit falls 10 per cent to Rs 824 crore

    The company has declared an interim dividend of Rs 4 per equity share, to be paid on or before August 21
  • Will substantially raise tariffs on India over Russian oil purchase, says Trump

    The US President had mounted a sharp attack on India and Russia for their close ties and said the two countries can take their “dead economies down together”
  • Tesla to open 2nd India showroom in Delhi’s Aerocity on August 11

    The Aerocity facility, currently in the final stages of construction, is expected to command a monthly rent of around Rs 25 lakh
  • Tesla awards CEO Musk USD 29 billion stock months after court scraps pay

    Tesla awarded Elon Musk $29 billion worth of stock, months after a court struck down his earlier $56 billion pay. The new shares match terms of the old plan. Musk has appealed, and Tesla is reviewing his compensation
  • Opinion: Boredom is good

    In a world shouting for our attention, boredom is resistance. It is a quiet rebellion against the tyranny of productivity
  • Centre slashes prices of 35 key medicines to boost affordability

    The NPPA has cut retail prices of 35 essential medicines, including antibiotics, anti-diabetics, and cardiovascular drugs, to make healthcare more affordable. Retailers must comply or face penalties under DPCO and the Essential Commodities Act
  • India may lose $11 bn if forced to cut Russian oil amid US sanctions

    India may face a $9–11 billion spike in oil import costs if US penalties force it to cut Russian crude. With EU sanctions also tightening, refiners like Reliance and Nayara could lose margins, affecting inflation and fuel pricing.
  • RBI may cut repo rate by 25 bps in August MPC meet: SBI Research

    SBI Research expects the RBI to cut the repo rate by 25 basis points in August, citing soft inflation, early festive demand, and global headwinds. It warns against delayed action that may miss the current policy window
  • No pause on Russian oil imports, say govt sources after Trump’s claim

    Indian government sources clarified on Saturday that there is no pause in Russian oil imports, countering President Trump’s claim. They said India’s energy decisions are based on national interest and market prices, with no halt reported by Indian refiners.
  • RBI likely to hold repo rate steady in August MPC meet: HSBC report

    The Reserve Bank of India is expected to maintain the status quo on repo rates in the August 6 MPC meet, as per HSBC Global Investment Research. The report projects 7 per cent GDP growth in upcoming quarters despite inflation and corporate margin pressures
  • Reliance Power, Infra hit lower circuit as ED summons Anil Ambani in money laundering case

    Shares of Reliance Power and Reliance Infrastructure hit their lower circuit limits after the ED summoned Chairman Anil Ambani in a money laundering probe. The case involves alleged loan diversions exceeding Rs 17,000 crore across his group companies
  • NSDL IPO subscribed 15x on final day; NIIs lead the charge

    NSDL’s IPO was oversubscribed 15 times on the final day, driven by strong interest from NIIs and retail investors. The grey market premium rose to Rs 937. Share allotment is on August 2, and listing is set for August 6, 2025
  • Gold falls Rs 400 to Rs 97,620 per 10g; silver drops Rs 2,500 amid global cues

    Gold prices dipped Rs 400 to Rs 97,620 per 10 grams in Delhi, tracking weak global cues and persistent selling by stockists. Silver prices tumbled Rs 2,500 to Rs 1,09,500 per kg as investor sentiment weakened due to US Fed’s hawkish stance
  • India’s fuel exports escape Trump’s tariff net, but new penalties for Russia trade remain uncertain

    An executive order from President Trump imposes a 25 per cent tariff on Indian goods, but petroleum products are on an exclusion list; analysts are awaiting details on a separate penalty for energy ties with Russia
  • Manish Tewari alleges “disaster” in Air India’s management, calls for government takeover

    Congress MP Manish Tewari has called for the government to take back Air India from the Tata Group, citing poor management and safety concerns. His comments come after a London-bound flight was delayed and a DGCA audit flagged 51 safety lapses at the airline
  • Godrej properties’ Q1 Profit Rises 15 per cent, sales booking declines

    The real estate firm's net profit touched Rs 598 crore, while sales booking fell 18 per cent to Rs 7,082 crore due to a high base effect
  • Tata Motors sales dip in July

    Wholesales decline 4 per cent year-on-year, driven by a slump in passenger vehicle dispatches; commercial vehicle sales show a 7per cent jump
  • Financial turbulence for Ola electric as sales drop by 57 per cent

    Amid stiff competition and user complaints, the company's stock price and market capitalisation have also plummeted. The firm reported a Q1 FY26 net loss, signaling a challenging financial period
  • Adani Enterprises Q1 profit drops 49 per cent as coal trading business slumps

    Adani Enterprises reported a 49 per cent decline in Q1 profit to Rs 734 crore, impacted by weaker coal trading due to reduced demand. While revenue dropped 14 per cent, airport EBITDA surged 61 per cent, and new infra projects are progressing steadily across key verticals
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