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Business
RBI cuts Repo Rate, Home Loans to become Cheaper
In a big relief to the home buyers and home owners, RBI Governor Raghuram Rajan has reduced the repo rate by 50 basis points to 6.75%, which means home loan and auto loan rates will get cheaper once the banks pass the benefits to the…
Indian Equity Indices tank ahead of Monetary Policy update
Mumbai, Sep 29: Ahead of the monetary policy update for this fiscal, wherein expectations are high over an interest rate cut, key Indian equity indices opened sharply lower on Tuesday as sentiments continued to be ruled by the weak global…
IMF warns of slower Economic Growth for Commodities Exporters
Washington, Sep 29: The International Monetary Fund (IMF) on Monday warned of slower economic growth for commodity exporters over the 2015-17 period against the background of falling commodities prices.
In an analytical chapter of the…
BEL setting up Defence Systems Integration Unit in Andhra
Bengaluru, Sep 29: State-run Bharat Electronics Ltd (BEL) is setting up a Rs.500-crore defence systems integration complex in Ananthapur district of Andhra Pradesh.
Touted to be the largest of its kind facility in the country, the…
Govt may consider Stake cut in Public Sector Banks to 52%
Mumbai, Sep 28: Amid continued concerns about levels of non-performing assets (NPAs), or bad debts, of public sector banks, Finance Minister Arun Jaitley said on Monday that the government may consider reducing its stake in them to 52…
RBI Policy review subdues Markets; BSE Sensex ends 244 points down
Mumbai, Sep 28: With investor sentiments turning bearish a day ahead of the fourth bi-monthly monetary policy review of the Reserve Bank of India (RBI), a barometer index of Indian equities provisionally closed 244 points down on Monday.…
India Inc expects 50 Basis Point cut in Repo Rate: Assocham
New Delhi, Sep 28: Dented by a general slowdown in consumer demand and a weak global growth outlook, India Inc expects to get a "booster dosage" of nearly 50 basis points worth of cut in key lending rates in the upcoming monetary policy…
Jaitley flags merger of Watchdogs for Equities, Commodity Futures
Mumbai, Sep 28: Finance Minister Arun Jaitley on Monday rang the symbolic opening bell to mark the merger of two markets watchdogs -- the Forward Markets Commission for commodity futures with the Securities and Exchange Board of India -- at…
BSE Sensex trades flat in Morning Session
Mumbai, Sep 28: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Monday was trading flat at 14.81 points or 0.06 up percent during the morning session. The wider 50-scrip Nifty of the National Stock…
Industrial Firms’ Profit decline 8.8 Percent in China
Beijing, Sep 28: The profits of China's major industrial firms fell 8.8 percent year-on-year in August, sharply down from 2.9 percent decline posted in July, the National Bureau of Statistics (NBS) said on Monday.
Profits at industrial…