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Economy
NPCI to decide on person-to-merchant payments cap on UPI transactions: RBI
New Delhi: In order to further boost digital payments, the National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via Unified Payments Interface (UPI), RBI Governor Sanjay Malhotra said…
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RBI to issue new guidelines for gold loans
Mumbai: RBI Governor Sanjay Malhotra announced on Wednesday that it has been decided to issue comprehensive regulations on prudential norms and conduct-related aspects for gold loans following concerns raised over the issue.
The review…
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RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth
Mumbai: RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth.
The RBI…
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Sensex, Nifty open lower ahead of RBI MPC decisions as tariff threats get deeper
Mumbai: Indian equity indices opened in the red on Wednesday, following its global peers, as US President Donald Trump threatened reciprocal tariffs on the global pharmaceutical sector.
Ahead of the RBI monetary police committee (MPC)…
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India offers a compelling growth opportunity for foreign banks: FM Sitharaman
New Delhi: India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed.
Addressing the…
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India likely to outperform global markets despite uncertainties: NSE CEO
Mumbai: India is expected to perform better than most global markets in the coming months, even amid growing international uncertainties, Ashishkumar Chauhan, CEO and MD of the National Stock Exchange (NSE), said on Tuesday.
He…
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Tariff shock indicates 25bps rate cut, RBI stance may turn ‘accommodative’: Report
New Delhi: The swift shift in global sentiment, high market volatility and fear of recession amid the US tariff shock indicate a 25bps cut by the Reserve Bank of India (RBI) on April 9, with possible change in stance to “accommodative" to…
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Sensex opens over 1,000 points up amid heightened global uncertainty
Mumbai: Indian frontline indices opened in the green on Tuesday as heavyweights like Titan, Tata Steel and Adani Ports lifted the market sentiment despite global uncertainty amid US tariffs.
As of 9:21 am, Sensex was up 1,169 points or…
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US tariffs: Gold, crude oil prices tumble amid global uncertainty
New Delhi: The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of key commodities like gold and crude oil.
According…
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Adani’s Colombo terminal begins operations, landmark moment in India–Sri Lanka maritime ties
Ahmedabad: Adani Ports and Special Economic Zone Ltd. (APSEZ) on Monday said it has commenced operations at the Colombo West International Terminal (CWIT) in Sri Lanka, located at the Port of Colombo.
The CWIT project represents a…
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