MUMBAI: The minutes of the April meeting of the Monetary Policy Committee (MPC) reveal a panel that was deeply concerned about the downside risks to growth emanating from the West Asia conflict, even as it remained uniformly confident about the resilience of India’s macro fundamentals leading to the unanimous decision to hold rates.Governor Sanjay Malhotra…
If you’re planning a bank visit or tracking market activity on April 23, it’s worth checking what’s open and what’s not, as the states of Tamil Nadu and West Bengal go to polls. Being aware of banking and stock market holidays can help consumers and traders plan their financial activity in advance. In India, bank…
MUMBAI: Two years after one of India’s most storied business dynasties, Godrej Group, split, Godrej Industries Group (GIG) is targeting 15% annual growth over five years and preparing to list more businesses as incoming chairman Pirojsha Godrej charts its next phase.GIG, with sales of Rs 57,300 crore, also plans to expand a nascent pet care…
The United States has approved only one applicant so far under President Donald Trump’s ‘Gold Card’ visa programme. According to Commerce Secretary Howard Lutnick, the visa programme will offer US residency in exchange for a $1 million fee.Testifying before a US House committee on Thursday, Lutnick said that the identity of the approved applicant was…
The Reserve Bank of India (RBI) has cautioned that possible second-round effects, where supply shocks could transform into demand-side pressures, require careful and continuous assessment amid the ongoing West Asia conflict, according to the April edition of its bulletin.The bulletin noted that while the ceasefire between the United States and Iran has provided some breather…
For FY27, the company has guided for revenue growth in the range of 1.5 to 3.5 per cent in constant currency terms. (AI image) Infosys Q4 results: India’s second largest IT services firm, Infosys, on Thursday reported a 20.8 per cent increase in consolidated net profit to Rs 8,501 crore for the January to March…
The commerce department is working with agencies, including the Shipping Corporation of India (SCI), which was on the privatisation list until recently, to run special vessels to West Asia t o help exporters move their goods at cheaper rates.While freight to West Asia is in the region of $3,000-3,500 per 20-feet equivalent (TEU) and $4,500-6,000…
NEW DELHI & BENGALURU: Shares of HCLTech fell nearly 11% on BSE on Wednesday after the company issued a softer-than-expected outlook following a muted March quarter performance.Responding to concerns around a 2–3% annual deflation driven by AI, CEO C Vijayakumar said the company has largely offset the impact of deflation in its traditional services business,…
MUMBAI: The long-drawn process for the listing of NSE, the country’s largest stock exchange by turnover and revenue, got a boost after a panel set up by markets regulator Sebi cleared the bourse’s settlement offer in long-pending issues popularly known as colocation and dark fibre cases. These cases, more than a decade old, related to…
Good news for travellers: France scraps transit visa for Indian passport holders France has lifted the airport transit visa requirement for Indian nationals with effect from April 10, the French Embassy in India announced on Thursday.Indian nationals holding ordinary passports are no longer required to obtain an airport transit visa when passing through the international…