RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report
The Hindu
The start of policy normalisation will remain contingent on a sustained growth recovery, evidence of which is unlikely to be visible before the end of the current fiscal year.
The Reserve Bank of India is “in a bind”, given the present situation of inflation heating to above the mandated band and weakening growth, a British brokerage said on Tuesday. The central bank may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the accommodative stance in the interim, Barclays’ chief India economist Rahul Bajoria said in a note.
Rupee strengthens to 89.96 per US dollar amid corporate inflows and falling crude prices, signaling improved market sentiment.
Alembic Pharma gets U.S. FDA approval for its generic Travoprost ophthalmic solution
Aurobindo Pharma's subsidiary receives five observations from the U.S. FDA
Shares of Dell Technologies down 3.2% and HP Inc losing 3.5% on Thursday, missing out on tech rally sparked by an outsized profit forecast from Micron Technology.
Meta’s outgoing chief artificial intelligence scientist Yann LeCun is holding early talks to raise 500 million euros ($586.00 million) for a new startup
India’s trade data for November reveals continued resilience in exports despite mounting U.S. tariffs on several key products. This is particularly significant given that the U.S. remains India’s largest export partner by a substantial margin. Interestingly, overall exports have not only grown, but shipments specifically to the U.S. have also rebounded.
Bharti Airtel Ltd. Chief Executive Officer-designate Shashwat Sharma, who is currently the firm’s chief operating officer, will take over the firm’s reins as CEO on January 1, 2026.
India's crude processing rose 2.3% YoY in November, with state-owned refiners handling two-thirds of the total.
The government is working to amend the Sugar Control Order and further align it with the requirements of the industry at present, Secretary (Food) at the Ministry of Consumer Affairs, Food and Public Distribution Sanjeev Chopra said Thursday.
Indian stock markets decline for the fourth day due to weak global trends and uncertainty over a U.S. trade deal.
The rupee gained 12 paise to 90.26 against the dollar, supported by crude prices and RBI intervention.
India and Oman sign a free trade agreement, enhancing trade access and reducing tariffs on numerous goods and services.
Cyient Semiconductors to acquire a majority stake in Kinetic Tech for $93 million, enhancing its power IC leadership in Edge AI markets.