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"business-news"

  • RBI cuts CRR by steep 1 per cent, to unlock Rs 2.5 lakh crore of bank funds

    RBI decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy
  • Starlink gets licence for satcom services in India

    Starlink is the third company to secure the licence from the Department of Telecom (DoT). DoT sources confirmed that Starlink has indeed received licence, and said they will be granted trial spectrum in 15-20 days of applying for it
  • Very little scope for further policy rate cut: Sanjay Malhotra

    Reserve Bank Governor Sanjay Malhotra on Friday said there is very little scope for rate cut in the current circumstances after the central bank reduced the policy rate by 50 basis points
  • FM Nirmala Sitharaman says India now has 1.76 lakh registered startups, 118 unicorns

    The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns, thus fueling youth entrepreneurship: Finance Minister Nirmala Sitharaman
  • OYO plans to double hotel revenue by FY26

    OYO expects to double revenue from its company-serviced hotels by FY26, raising their contribution to 44%. With over 1,300 such hotels in India, OYO plans further expansion across cities as part of its profitability and customer experience focus.
  • RBI booster: EMIs, tenure set to come down for home loan borrowers

    RBI will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said
  • 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
  • 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
  • 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
  • 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
  • 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
  • NITI Aayog suggests ‘dual-track approach’ in India-US trade, amid reciprocal tariff

    The Aayog, in a working paper titled 'Promoting India-US Agricultural Trade Under the New US Trade Regime', said that India's agricultural sector needs safeguards to ensure price stability for both producers and consumers against excessive volatility in international markets
  • ICEA rolls out industry-wide initiative to foster tech and AI innovation

    The unique industry-wide initiative to collaboratively foster tech and AI innovation will connect companies with transformative innovations across domains such as advanced manufacturing, AI, IoT, energy efficiency, materials science, and more
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