RBI cuts repo rate by 25 bps to 6.25%; Governor announces additional measures
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday ‘unanimously’ decided to reduce the policy rate by 25 bps from 6.50 per cent to 6.25 per cent.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday ‘unanimously’ decided to reduce the policy rate by 25 bps from 6.50 per cent to 6.25 per cent.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.
Union Minister for Labour & Employment and Youth Affairs & Sports Mansukh Mandaviya announced that the Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history.
The rebranding reflects the company’s broader business scope beyond its flagship food delivery service.
Stock market closed slightly lower, weighed down by stocks like Titan, ITC, State Bank of India, and PowerGrid amid weaker earnings.
According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to 24.7 billion units, marking the largest single-month decrease since 1997.
The monthly economic review released by the Finance Ministry noted that as external pressures will diminish, inflationary pressures are expected to wear down.
All three major US stock indexes fell Friday, capping a week where the S&P 500 declined 4.8 per cent and the Dow Jones Industrial Average dropped 4.1 per cent.
A former director of Kadokawa Corp. and another executive of the major publishing firm allegedly asked for the company to be selected as a Tokyo 2020 sponsor in a meeting with Haruyuki Takahashi, a former executive board member of the Tokyo Olympic and Paralympic organizing committee, according to sources.
However, J&J challenged the FDA's notice in the court even as the report of the Central Drugs Laboratory (CDL), Kolkata, was awaited.
