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A CIBIL score is a three-digit number that reflects an individual’s creditworthiness, ranging from 300 to 900. A higher score indicates better credit health, making it easier to secure loans and credit cards with favorable terms. It impacts interest rates, loan approvals, and financial trustworthiness. A low score can lead to loan rejections, higher interest […]
Reserve Bank of India’s (RBI) first reduction in the cash reserve ratio (CRR) since March 2020 is expected to provide significant liquidity to the banking system. Bankers anticipate this will help cool down bulk deposit rates, which could result in a 3 to 5 basis point improvement in bank net interest margins (NIM), benefiting the […]
Reserve Bank proposed allowing small finance banks to extend pre-sanctioned credit lines via the Unified Payments Interface (UPI). UPI, an instant payment system developed by NPCI, enables mobile phone transactions. In September 2023, UPI’s scope was expanded to include pre-sanctioned credit lines for use by commercial banks, excluding payments and small finance banks.
Indian stock markets gave up their 5-day winning streak to settle in red after RBI MPC announced to keep the repo rate unchanged at 6.5%. Sensex settled lower by merely 56.74 points or 0.07% at 81,709.12. Nifty ended at 24,677.80, up 30.60 points or 0.12%. Broader markets outperformed the benchmarks, with Midcap and Smallcap indices […]
A report by a real estate consulting firm has revealed a sudden increase in house prices in second-tier cities across the country. Between January 2023 and October 2024, house prices rose by 65% in 25 second-tier cities. Jaipur, Agra, Guntur, Mangalore, and Chandigarh saw substantial price hikes. The report attributes this surge to lower land […]
The RBI has revised India’s FY25 GDP growth forecast to 6.6% from 7.2%, citing slower-than-expected Q2 growth at 5.4%, impacted by industrial slowdown, weak manufacturing, mining contraction, and reduced electricity demand. Quarterly forecasts were also lowered, with Q3FY25 at 6.8%, Q4FY25 at 7.2%, and Q1FY26 at 6.9%, Governor Shaktikanta Das announced.
Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized that price stabilization is key to the economic policy. Revealing the decisions from the bi-monthly monetary policy review, he stated that key interest rates would remain unchanged, with the repo rate maintained at 6.5%. It has kept this rate steady since February 2023, marking the 11th […]
The Sensex and Nifty opened at fresh record levels in early trade today, December 6, 2024. The Sensex started trading today at 81813.94, up 48.08 points or 0.06%, and the Nifty was at 24748.15, up 39.75 points or 0.16%. Meanwhile, the Indian rupee was trading today at 84.64 against the dollar.
Vizag Steel Plant, known as Rashtriya Ispat Nigam Ltd (RINL), is a public sector steel manufacturing company located in Vizag, AP. Established in 1971, it produces high-quality steel products, including hot-rolled coils and structural steel. The plant has an annual capacity of 7 million tonnes. It plays a key role in the region’s economy and […]
Home-cooked meals became more expensive in November compared to the same period last year, driven by higher prices of tomatoes and potatoes, as per a report. The cost of a vegetarian thali rose by 7%, reaching Rs 32.7. This increase was mainly due to a 35% surge in tomato prices to Rs 53 per kg […]
US trade deficit narrowed more than expected in October, with imports falling more than exports, according to government data released Thursday. This reduction in the trade gap comes amid ongoing concerns about trade imbalances. As President-elect Donald Trump prepares to return to the White House in January, addressing trade issues is expected to be a […]
At the 106th National Convention of the Indian Numismatic Society, experts called for reducing or removing customs duty on bringing valuable artefacts and cultural heritage back to India. They argued this would help restore the country’s cultural legacy. Farukh S Todiwala criticized the 33% customs duty, comparing it to countries like the UK and US, […]
Hyundai Motor India (HMIL) announced a price hike of up to Rs 25,000 across all models starting January 1, 2025, due to rising input costs, exchange rate fluctuations, and higher logistics expenses. Despite efforts to absorb costs, the automaker stated a price adjustment was necessary. HMIL reported a 16% drop in net profit for Q2 […]
★Supreme Court To Hear Pleas Against Places Of Worship Act Today, ★CM Revanth Launches Indiramma House Survey App, ★ TG Police Arrest BRS MLAs Padi Kaushik Reddy & Harish Rao, ★Delhi Sees Drop In Air Pollution, Records ‘Moderate’ Air Quality, ★ Jharkhand Cabinet Expansion: 10 New Ministers To Take Oath Today and ★ Allu Arjun […]
Bitcoin surged past $100,000, driven by optimism surrounding Donald Trump’s pro-crypto stance and expectations of a friendly regulatory environment. The cryptocurrency has doubled in value this year, fueled by institutional adoption and clearer regulations. Trump’s commitment to making the US the “crypto capital” has helped bitcoin approach mainstream financial acceptance.