MUMBAI: An RBI report has called on lenders to reduce loan rates, saying financial conditions are conducive for transmitting the central bank’s 50-basis-point (100bps = 1 percentage point) policy rate cut from June 6 to the credit market. In its state of the economy report for June, RBI noted that high-frequency indicators for May 2025…
NEW DELHI: You may soon be able to use your vehicle’s FASTag to pay traffic challans, parking fee, insurance premium and for EV charging, in addition to highway tolls. With nearly 11 crore FASTags issued by banks, the govt is exploring ways to expand its use as a flexible payment tool.To take this forward and…
This is an AI-generated image, used for representational purposes only. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the establishment of the International Potato Centre’s (CIP) South Asia Regional Centre (CSARC) at Singna in Agra, Uttar Pradesh.The move is expected to enhance food and nutrition security while raising farmer incomes and…
Shares of IndiaMart Intermesh jumped over 6% to Rs 2,650 on Tuesday after Nuvama Institutional Equities upgraded the stock to ‘Buy’ from ‘Reduce’ and raised the target price to Rs 3,800, citing an impending demand upcycle.“We upgrade IndiaMart from ‘REDUCE’ to ‘BUY’ — following earlier downgrades in Oct-23 to ‘HOLD’ and Oct-24 to ‘REDUCE’ —…
Oil prices dropped approximately 6% on Tuesday, influenced by Trump’s remarks regarding China following the ceasefire declaration. (AI image) US President Donald Trump announced on Tuesday that China may proceed with Iranian oil purchases following the Israel-Iran ceasefire agreement, though the White House subsequently clarified this statement does not represent an easing of US sanctions.“China…
US President Donald Trump called Federal Reserve Chair Jerome Powell “terrible” and said he had narrowed down his choice for the next Fed chair to “three or four people,” stoking fresh speculation about an early leadership change at the central bank.“I know within three or four people who I’m going to pick,” Trump told reporters,…
Promoters Tata Sons and Singapore Airlines infused Rs 9,558 crore into Air India during 2024–25, with the bulk of the investment coming after the merger of Vistara and Air India in November last year, the airline confirmed on Wednesday.Air India spokesperson said the capital was raised to support ongoing transformation plans, fund capital expenditure, and…
Despite a 100 basis point cut in the Reserve Bank of India’s repo rate since February 2025, some small finance banks are still offering attractive fixed deposit (FD) rates above 8% for general depositors on deposits below Rs 3 crore. While most banks have lowered interest rates in line with the policy easing, investors looking…
As of March 2025, SBI’s CET-1 stood at 11%. According to industry analysts, this figure ranked amongst the lowest for public sector banks. (AI image) State Bank of India (SBI), the nation’s most valuable public sector enterprise, is nearing the final stages of selecting several merchant banks to secure up to Rs 25,000 crore through…
The Nifty Realty index has surged 8% over the past month—outpacing the Nifty 50’s 1.4% gain—as real estate stocks continue to show resilience despite global market headwinds.Analysts told ET that despite some profit booking after the June 9 peak of 1,049.50, the realty index remains above key short- and long-term moving averages, signalling sustained upward…
