The 7 high-speed rail corridors have been identified with an aim to provide high-speed connectivity across key economic centres. (AI image) Indian Railways is looking to move to a passenger train services model that offers faster, more comfortable, and premium travel experience. In that context Finance Minister Nirmala Sitharaman’s Union Budget announcement of seven new […]
Bangladesh set for ‘secret’ US tariff deal ahead of elections — move after India’s pact?
Bangladesh’s interim government plans to sign a secret tariff agreement with the United States on February 9, just three days before the country’s parliamentary elections and about a week after India secured a trade with the US. The move has sparked concerns among business leaders and analysts due to its timing and lack of transparency, […]
Rupee in green: Currency rises 9 paise to 90.25 against US dollar
Rupee opened in green on Friday, climbing 9 paise to 90.25 against the US dollar, as currency markets reacted to optimism around the India-US trade deal but remained cautious ahead of the Reserve Bank of India’s monetary policy announcement.The early gains came after the currency ended Thursday’s session higher by 13 paise at 90.34 against […]
Sebi proposes greater flexibility for REITs and InvITs in liquid schemes; seeks stakeholder feedback
Market regulator Sebi has put forward proposals to widen the investment possibilities for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in liquid mutual fund schemes on Thursday.Currently, these trusts can only invest in liquid funds with the highest credit risk rating, limiting their options.These measures are part of Sebi’s push to make […]
Sebi proposes greater flexibility for REITs and InvITs in liquid schemes; seeks stakeholder feedback
Market regulator Sebi has put forward proposals to widen the investment possibilities for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in liquid mutual fund schemes on Thursday.Currently, these trusts can only invest in liquid funds with the highest credit risk rating, limiting their options.These measures are part of Sebi’s push to make […]
RBI keeps rates steady, positive on growth and inflation
MUMBAI: The Reserve Bank of India on Thursday kept the policy repo rate unchanged at 5.25%, with the Monetary Policy Committee (MPC) voting unanimously to maintain status quo while modestly revising up its near-term growth and inflation forecasts.Following the decision, the standing deposit facility rate remains at 5%, while the marginal standing facility rate and […]
Silver, gold pricse: Silver tumbles Rs 15,000 on MCX, gold slips below Rs 1.5 lakh; should you buy?
Gold and silver prices continued to face heavy pressure on the MCX on Friday, with both metals opening sharply lower as weak global cues and a stronger US dollar dampened sentiment. The decline marked the second straight session of losses, undoing most of the gains made during a short-lived rebound earlier in the week amid […]
Fraud victims to be compensated up to Rs 25k under RBI’s new customer protection measures
MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework […]
RBI monetary policy: Repo rate kept at 5.25% – what’s the GDP, inflation outlook & what does status quo mean for your EMIs, fixed deposits?
The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) on Friday kept the repo rate unchanged at 5.25% in line with expectations from market analysts and economists. The decision to hold the repo rate was driven by resilient GDP growth and benign inflation, amid global headwinds.“After a detailed assessment of the evolving macroeconomic conditions […]
Asian stocks today: Markets trade in red amid tech worries; Hang Seng slips over 1%, Nikkei up 230 points
Asian markets fell sharply on Friday as an extended sell-off in US technology stocks continued to weigh on investor sentiment. The losses came amid growing concern over heavy spending on artificial intelligence and uncertainty about when those investments will deliver returns. In Hong Kong, HSI was down 304 points or 1.13% as on 10:20 am […]