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Home  Business

Business

RBI booster: EMIs, tenure set to come down for home loan borrowers

RBI booster: EMIs, tenure set to come down for home loan borrowers

  • RBI retains FY26 GDP forecast at 6.5 per cent; says Indian economy shows strength, stability, opportunity

    The FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year. The Reserve Bank of India (RBI) has projected economic growth at 6.5 per cent for the June quarter and 6.7 per cent for the September quarter
  • RBI to raise gold loan-to-value ratio to 85 per cent for small borrowers of up to Rs 2.5 lakh

    The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs one lakh, borrowers can get up to Rs 85,000 as a loan, up from Rs 75,000
  • Cryptocurrencies hamper financial stability: RBI Governor

    RBI Governor Sanjay Malhotra said the central bank is concerned about cryptocurrencies as it can hamper financial stability
  • Telangana’s T-Wallet marks 8 years with Rs 35,000 crore in transactions and 16 lakh users

    India’s first State-run digital wallet, T Wallet, has completed eight years with over 16 lakh users and Rs 34,991 crore in transactions. Integrated across Telangana’s service points, it enables IMPS transfers, utility payments, and seamless banking even in rural areas.
  • Repo Rate and CRR cuts: A double boost for affordable housing amid global headwinds

    While the rate cut is a strong positive for real estate, especially for affordable housing, much now depends on how well it can adapt to higher input costs and ongoing global uncertainties
  • RBI cuts repo rate by 50 bps to 5.5 pc as inflation eases to 3.2 pc

    RBI Governor Sanjay Malhotra announced a 50 bps repo rate cut to 5.5% amid falling inflation, now at 3.2%. The central bank also slashed CRR by 100 bps in phases, while shifting its policy stance from accommodative to neutral.
  • Rupee trades flat with mild volatility ahead of RBI rate decision

    The rupee moved in a narrow range in early trade on Friday, ahead of the RBI’s monetary policy announcement. Forex markets remained cautious amid expectations of a rate cut. The currency opened lower but recovered slightly against the US dollar.
  • Sensex, Nifty slip ahead of RBI policy outcome; foreign fund outflows weigh on sentiment

    Equity benchmarks Sensex and Nifty fell in early trade on Friday ahead of the RBI’s monetary policy announcement. Weak global cues and foreign fund outflows weighed on investor sentiment. Focus remains on interest rate direction and FY26 growth outlook.
  • Investors dump Tesla on bet Trump may lash out at Musk

    Shares of Elon Musk's electric vehicle maker plunged more than 14% in a stunning wipe-out as investors dumped holdings amid a bitter war of words between the President and the world's richest man
  • Hiring of staff in India’s services sector at all-time high in May

    The seasonally adjusted HSBC India Services PM Business Activity Index registered 58.8 in May, broadly in line with April's reading of 58.7
  • Hyderabad-based Dhruva Space enters strategic partnership with French Sodern ArianeGroup

    Dhruva Space has partnered with France-based Sodern ArianeGroup to deploy the HORUS star tracker on a 2026 mission. The collaboration will use Dhruva’s modular nanosatellite platform and marks a significant Indo-French advancement in satellite-based attitude determination technology.
  • Rupee weakens past 85.95 as dollar demand rises ahead of RBI policy outcome

    The rupee slipped 9 paise to 85.96 against the US dollar in early trade on Thursday amid strong dollar demand from importers and FIIs. Markets await RBI’s policy decision, while rising crude prices add pressure on India’s currency outlook.
  • Sensex, Nifty rise in early trade on Reliance buying, foreign inflows

    Benchmark indices Sensex and Nifty opened higher on Thursday, supported by gains in Reliance Industries and foreign institutional inflows. A firm trend in Asian markets also lifted investor sentiment. FIIs were net buyers, infusing Rs 1,076 crore into domestic equities.
  • Adani Group’s tax payments rise 29 per cent to Rs 75,000 crore in FY25

    The Rs 74,945 crore tax outgo in FY25 is roughly the cost of building the entire Mumbai Metro network - an infrastructure lifeline for millions of people. It's also nearly enough to host a modern-day Olympics.
  • Opinion: It’s time for de-growth

    Merely celebrating Environment Day on June 5 is not enough; what is truly needed is a commitment to systemic change while adopting sustainable practices
  • India can increase imports of shale gas, LNG, crude oil from US

    India's exports to the US are rising, and it can increase imports of products like shale gas, LNG, and crude oil from America to diversify its import basket, as prices of these items are lower in the US, an official said
  • RBI’s monetary policy panel starts deliberations; decision on June 6

    The decision of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on June 6
  • FM Nirmala Sitharaman to review economy at FSDC meeting on June 10

    Finance Minister Nirmala Sitharaman is set to review the state of the economy amid global uncertainties at a meeting of the Financial Stability and Development Council (FSDC) on June 10
  • Confederation of All India Traders, Meta to train 25,000 women traders with digital skills

    CAIT and Meta have launched an initiative to equip 25,000 women traders across India with digital skills using the WhatsApp Business App
  • Maruti Suzuki plans to invest over Rs 925 crore to ramp up solar capacity by FY31

    The Maruti Suzuki company commissioned a 20MWp solar power project at its new facility in Kharkhoda, Haryana, and added another 10MWp solar capacity to its Manesar facility
  • Rupee slips 25 paise to 85.86 against US dollar on FII outflows

    The rupee weakened by 25 paise to 85.86 against the US dollar in early trade on Wednesday amid FII outflows. The decline was cushioned by positive equities and soft crude prices. Markets await RBI's policy announcement later this week.
  • Sensex, Nifty rebound after 3-day slide as global markets rally

    Benchmark indices Sensex and Nifty bounced back in early trade Wednesday, ending a three-session losing streak. Gains were driven by a global market rally, steady SIP inflows, and stronger-than-expected US job data, despite ongoing concerns over trade policies.
  • Sitharaman urges DRI to boost coordination with state agencies to nab masterminds

    FM Nirmala Sitharaman asked the DRI officers to investigate "holistically," keeping the big picture in focus and not merely chasing "isolated infractions"
  • India’s approach to AI regulation is pro-innovation: IndiaAI CEO Abhishek Singh

    India’s AI strategy is pro-innovation and people-centric, focusing on responsible, ethical, and safe AI applications
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