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State Bank of India cuts lending rates, retail loans to get cheaper

09 Oct 2019

The State Bank of India (SBI) on Wednesday announced lowering its marginal cost of funds based lending rate (MCLR) by 10 basis points across all tenors to 8.05 per...

India’s auto sales continue on slower track in September

02 Oct 2019

Low consumer sentiment continued to subdue sales performance of the Indian automobile sector in September, as major industry players reported significant decline in their respective sales figures. On the...

More stimuli for growth, but it is still not enough

16 Sep 2019

Finance Minister Nirmala Sitharaman came up last weekend with a new stimulus package to arrest the worrisome slowdown of India’s economy. It was her third package in as many...

FPIs turn buyers in India

11 Sep 2019

Mumbai: Foreign Portfolio Investors (FPIs)on Wednesday turned buyers for the first time in September. FPIs had been on a sell mode despite the roll-back of the tax surcharge on...

India’s Q1 growth slows, but not a meltdown, says report

21 Aug 2019

Mumbai: Contrary to the widespread concern being voiced about the ongoing economic slowdown, the first quarter (Q1) of the current fiscal actually saw very high divergence in performance and...

Are we headed for a recession?

14 Aug 2019

It’s not even a month since India’s Finance Minister, Nirmala Sitharaman presented her maiden budget and the writing is on the wall — tough days are coming. Brace up...

India’s retail inflation softens in July to 3.15% on lower fuel prices

14 Aug 2019

Retail inflation in July softened a bit to 3.15 per cent from 3.18 per cent in June, and 4.17 per cent year ago on lower fuel prices. According to...

India’s CB makes unconventional rate cut in a bid to spur growth

07 Aug 2019

The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about...

Sensex slips 286 points after RBI move

07 Aug 2019

Mumbai: In a bid to strike a balance between the “inadequate” 25 basis points (bps) and “excessive” 50 bps, the RBI on Wednesday slashed key policy rates by an...

UAE and India to expand trade and investment ties

17 Jul 2019

The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by DP World, UAE...

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