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  • February 08, 2023 14:31

    Aditya Birla enters premium F&B segment led by Aryaman Birla

    The Aditya Birla Group announced its foray into the premium casual dining space, a fast-growing segment in the organised food services market, in collaboration with Chef Restaurateur Rahul Akerkar. The Group’s hospitality arm housed under Aditya Birla New Age (ABNA) will build premium casual dining restaurant chains across India. ABNA, promoted by Aryaman Vikram Birla, aspires to create the most preferred house of F&B brands in India under its umbrella.

  • February 08, 2023 13:49

    Paytm’s loan disbursals up 327% in January 2023, number of loans up 103%

    One97 Communications, which owns Paytm brand, on Wednesday said that its loan disbursements grew 327 percent in January 2023 to ₹3928 crore against ₹921 crore during the same period last year. The number of loans disbursed for the month under review grew 103 percent to 3.9 million (1.9 million).

    “Our loan distribution business (in partnership with top lenders) continues to witness an accelerated growth with disbursements through our platform growing 327 per cent y-o-y to ₹3,928 crore ($480 million),” Paytm said in its operating performance update filed with the stock exchanges on Wednesday.

  • February 08, 2023 13:38

    RBI chief says Indian banking system stronger, larger to be impacted by ‘case like this’

    Reserve Bank Governor Shaktikanta Das on Wednesday said the strength, size and resilience of the Indian banking system now are much stronger and larger “to be affected by a case like this” in reference to the developments at Adani Group.

    Concerns have been raised in various quarters about Adani Group companies, including about the exposure of lenders to the conglomerate, in the wake of an adverse report by US-based short seller Hindenburg Research that also triggered a massive sell-off in the shares of the companies.

  • February 08, 2023 12:48

    RBI has made an assessment of lenders’ exposure to Adani group firms; large exposure guidelines have been complied with by all banks: Das

  • February 08, 2023 12:48

    Appraisal methods of Indian banks have significantly improved over the years: RBI Governor Shaktikanta Das

  • February 08, 2023 12:48

    Banks do not lend against market capitalisation of a company; calls are made on fundamentals of a firm: Das

  • February 08, 2023 12:31

    CAD likely to moderate in H2 FY23, says RBI Governor

    Reserve Bank of India Governor Shaktikanta Das, on Wednesday, said Current Account Deficit (CAD) is expected to moderate in H2 FY23 from 3.3 per cent of GDP in April-September mainly due to moderation in imports.

  • February 08, 2023 12:13

    Equities, rupee trade with gains post RBI policy announcement

    Equities and the rupee were trading with gains in the late morning session on Wednesday after the Reserve Bank hiked the key interest rate by 25 basis points and projected better growth.

  • February 08, 2023 12:00

    RBI projects inflation to fall to 5.3% in FY24

    The Reserve Bank of India, on Wednesday, projected retail inflation to ease to 5.3 per cent in the next fiscal from 6.5 per cent this year on assumptions of lower imported inflation, even though core inflation remains sticky.

  • February 08, 2023 11:55

    NRI deposits grow 38% to $3.6 billion during April-November 2022 period

    Net inflows under non-resident deposits increased to $3.6 billion during April-November 2022 from $2.6 billion a year ago, boosted by the Reserve Bank’s July 6 measures, according to RBI Governor Shaktikanta Das.

  • February 08, 2023 11:13

    RBI to test QR-code based coin vending machines

    RBI announced that it will issue draft guidelines on penal charges on advances. Reading the Statement on Developmental and Regulatory Policies, RBI Governor Shaktikanta Das said the move is aimed at transparency in the system.

  • February 08, 2023 11:12

    RBI projects economic growth at 6.4% for next fiscal

    In 2023-24, the growth in the June and September quarter is projected at 7.8 per cent and 6.2 per cent, respectively. In the December and March quarter, the GDP growth is estimated at 6 per cent and 5.8 per cent, respectively.

  • February 08, 2023 10:58

    RBI to allow lending, borrowing of govt bonds: Shaktikanta Das

    “We propose to permit lending and borrowing of g-secs (government securities). This will provide investors with an avenue to deploy their idle securities, enhance portfolio returns and facilitate wider participation,” RBI Governor Shaktikanta Das said in his monetary policy address.

  • February 08, 2023 10:51

    RBI’s MPC decided 4:2 vote to remain focused on withdrawal of accommodative policy: Das

    Reserve Bank of India’s Monetary Policy Committee voted by a majority of four out of six members to increase the policy repo rate by a smaller quantum—25 basis points—from 6.25 per cent to 6.50 per cent to keep inflation expectations anchored and break the core inflation persistence

  • February 08, 2023 10:49

    RBI to maintain strong vigil on evolving economic situation: Governor Das

    Amid volatile global developments, Indian economy remains resilient, he said

  • February 08, 2023 10:48

    Reserve Bank projects GDP growth at 6.4 per cent for 2023-24

    For FY24, real GDP growth and retail inflation have been projected at 6.4 per cent and 5.3 per cent, respectively

  • February 08, 2023 10:42

    RBI proposes to extend UPI facility to inbound travellers for merchant payments; initially to travellers from G20 countries: Guv

  • February 08, 2023 10:41

    Rate hike of 25 bps is considered appropriate at this juncture: RBI Guv

    Monetary policy to remain agile, alert to inflation, he said.

  • February 08, 2023 10:38

    Nifty prediction – February 8, 2023: Testing a trend defining resistance

    Indian benchmark indices – Nifty 50 (17,840) and Sensex (60,685) – have begun the day on a positive note. Currently, both the indices are up by 0.7 per cent each.

  • February 08, 2023 10:37

    Indian rupee remained least volatile among its Asian peers in 2022 and so far this year: RBI Governor

  • February 08, 2023 10:36

    Timing of govt securities market restored to pre-pandemic level of 9 am to 5 pm: Das

  • February 08, 2023 10:35

    Current account deficit to moderate in second half of 2022-23 and remain eminently manageable: RBI Guv

  • February 08, 2023 10:34

    Crude oil gains a tad as industry data show inventory decline in US

    Crude oil futures traded marginally higher on Wednesday morning as industry data showed a decrease in the crude oil inventories in the US. February crude oil futures were trading at ₹6,401 on the MCX in the initial trading hour of Wednesday morning against the previous close of ₹6,363, up by 0.60 per cent.

  • February 08, 2023 10:11

    RBI hikes repo rate by 25 bps to 6.5%

    Reserve Bank of India (RBI) on Wednesday increased the repo rate by 25 bps to 6.50 per cent. The decision of the RBI’s Monetary Policy Committee (MPC) was announced by the Governor Shaktikanta Das.

    After 50 basis points hike three times in a row, the central bank softened in December policy and increased the repo rate by 35 basis points to 6.25 per cent.

  • February 08, 2023 09:50

    Adani Ports mulls repaying $605 million debt to calm investors

    Adani Ports & Special Economic Zone Ltd. is mulling total loan repayment and prepayment of that amount in the year starting in April, which would improve net debt to earnings before interest, taxes, depreciation, and amortisation ratio to about 2.5 times, it said in an earnings statement Tuesday. The ratio stands at just over 3 times currently.

  • February 08, 2023 09:37

    Stocks that will see action on February 8, 2023

    Buzzing stocks include BSE, CDSL, RVNL, PC Jeweller, Muthoot Finance, broking stocks, Aurobindo Pharma, NTPC, Adani Power, Adani Wilmar, and 3M India