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Festive consumption growth halved in 2024 as urban demand slacks, notes Nomura
Nomura reports festive consumption growth has dropped to 15% this year. Analysts observed slower gr…
India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter
Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …
Massacre continues on Sensex and Nifty as foreign investors withdraw Rs 97,205.42 crore in October
Smallcaps bore the biggest brunt of this drawdown, with the smallcap 100, 50, 250, and microcaps ea…
RBI imposes penalties on three housing finance companies for non-compliance with directions
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…
ANI
S&P retains India's growth forecast at 6.8%, expects RBI to cut rates in Oct
S&P said the Union Budget in July outlined that the government remains committed to fiscal consolid…
PTI
As PMAY receives a massive boost in Budget 2024, how can you sign up for the affordable housing scheme?
The Union Budget 2024 significantly increased funds for PMAY, targeting affordable housing for econ…
Budget 2024-25: Govt announces transit-oriented development plan for large cities
The government on Tuesday proposed a transit-oriented development plan for 14 large cities with a p…
PTI
Indian economy relatively slowed in Q1-FY25, here's what experts have to say
The Indian economy grew by 6.7% in real terms in the April-June quarter of the current financial ye…
ANI
CPI inflation drops to lowest in five years but road ahead could be bumpy: SBI Report
India's CPI inflation dropped to 3.54% in July 2024, the lowest in nearly five years, due to a sign…
ANI
ADB approves $400 mn loan to support govt's urban reform agenda
The Asian Development Bank (ADB) has approved a USD 400 million loan to support the Indian governme…
PTI
RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly
MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…
52.81 crore Jan-Dhan accounts have deposited balance of over Rs. 2.3 lakh crore: Minister of State for Finance
About 35.15 crores or 66.6 per cent of PMJDY accounts have been opened in rural and semi-urban area…
ANI
India accounts for nearly half of the global digital payments, highlights RBI report
India holds 48.5% share in the global real-time payments volume, according to the Reserve Bank of I…
ANI
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
RBI found excessive dominance by 1-2 board members even in big commercial banks: Das
Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed "excessive domina…
PTI
RBI doubles bullet repayment gold loan limits for urban co-op banks to Rs 4 lakh
The Reserve Bank of India on Friday announced doubling the lending limits for gold loans under the …
PTI
On the right track — Economic Survey 2023-24 outlines India’s commendable climate action
India's Economic Survey 2023-24 showcases remarkable progress in combating climate change and promo…
Why Gen Zers aren't leaving the nest
Young people are living at home and relying on their parents for money well into their 20s. Their p…
Eve Upton-Clark
Inflation spikes in June 2024 due to high food prices; Likely to affect RBI’s decision on interest rate
Indian retail inflation rises to 5.08% in June, driven by a spike in food prices. Food price inflat…
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…