Finance News

RBI MPC: When and where to watch policy announcement by Shaktikanta Das The Reserve Bank of India’s (RBI) Governor Shaktikanta Das will announce the decision of the Monetary Policy Committee (MPC) on the repo rate today. The six-member rate-setting committee started its bi-monthly meeting to decide on the benchmark interest rate on February 6. According to experts, ...

With vote split, RBI’s MPC might hike repo rate by 25 bps: Experts Will there be a convergence or divergence among the members of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on the 25 basis points (bps) policy rate hike, experts debate. However, the experts believe that the MPC may hike the ...

Indian shares end lower in volatile session ahead of RBI’s rate decision BENGALURU (Reuters) -Indian shares struggled for direction on Tuesday before closing lower, as markets see-sawed between optimism that the Reserve Bank of India will pause rate hikes after Wednesday, and worries that the Fed was likely to keep upping rates for longer. The ...

Bank credit profiles not at much risk from Adani exposure, says Fitch Indian banks’ exposure to the Adani Group is not that large to present substantial risk to their standalone credit profiles, said rating agency Fitch on Tuesday. “We believe loans to all Adani group entities generally account for 0.8%-1.2% of total lending for Fitch-rated ...

Consulting & services sector urge Centre to re-look at GST regime The consulting and services sector has urged the Centre to re-look at the Goods and Services Tax (GST) collection regime. “At present, the service sector and consultants pay their taxes as conscientious professionals and firms and feel utterly frustrated as GST has to be ...

Motilal Oswal arm announced to invests Rs 400 crore in Pan Heathcare A Motilal Oswal arm on Tuesday announced a Rs 400 crore investment in Rajkot-based hygiene products maker Pan Healthcare for a minority stake. The company established in 2016, which manufactures diapers and sanitary napkins, will use the funds for brand building and ramping ...

D2C firm Mensa Brands raises Rs 300 crore debt from TradeCred Direct-to-consumer (D2C) firm Mensa Brands on Tuesday said it has raised Rs 300 crore debt from TradeCred. The funds will be used for new brand acquisitions as well as brand growth, including product development, supply chain integration, and working capital investment, the company said ...

PhonePe launches cross-border UPI payments service, says it’s India’s first PhonePe said on Tuesday it has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). ‘UPI international’ supports merchant outlets in UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR ...

Rupee gains 10 paise to 82.66 against US dollar on weaker greenback The rupee appreciated 10 paise to 82.66 against the US dollar in early trade on Tuesday on the back of a positive trend in domestic equities and relatively weaker greenback. However, foreign capital outflows restricted the gain in the domestic unit, forex traders ...

Rupee set for muted open; US yields soar, 82.90 per dollar level in focus By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to open little changed to the dollar on Tuesday with a focus on surging Treasury yields and a crucial support level. The non-deliverable forward suggests that the rupee will ...