The survey showed that new business inflows expanded at the slowest pace since February 2022 (representative image) India’s services sector growth slowed to its weakest pace in more than four-and-a-half years in July as softer domestic and export demand, intense competition and weaker customer enquiries weighed on business activity, according to the latest HSBC India…
RBI decided not to hike the repo rate, and the policy statement clearly explains the rationale. RBI’s monetary policy in August comes against a backdrop of rising global inflation and central banks raising rates to keep it in check. Yet, RBI governor Sanjay Malhotra-led Monetary Policy Committee on Wednesday decided to keep the repo rate…
UPI: Government is also expected to prescribe an upper limit on the maximum MDR that can be charged. Will you have to pay for UPI payments going ahead? The government is expected to permit the levy of a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI transactions above Rs 2,000 made to businesses,…
Plastic notes have several advantages, including stronger security features, a lower risk of counterfeiting. (Image for representative purpose only) India’s first plastic or polymer notes are expected to go into circulation at the start of the next financial year, RBI governor Sanjay Malhotra has said. Sharing an update on the pilot project at the post…
Gold appears to be transitioning from a sharp correction into a consolidation phase. Gold price prediction today: Recent gold price trends suggest that the worst of the downside may be behind us, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.After a volatile July, gold finally showed signs of…
People walk past a store of Nykaa, an Indian beauty products retailer, at a mall in New Delhi BENGALURU: Beauty and fashion retailer Nykaa will acquire a 51% stake in premium skincare brand Aminu for up to Rs 32 crore. Meanwhile, its consolidated net profit more than tripled in the June quarter on the back…
SpaceX reports first quarterly earnings, posts $7.8 billion in revenue SpaceX delivered a quarter that beat expectations on paper, but not enough to put investors completely at ease. The Elon Musk-led company reported a smaller-than-expected loss for the three months through June as revenue soared to $7.8 billion, powered by rapid growth in its Starlink…
Stock market today: BSE Sensex jumps over 430 points, Nifty50 opens above 24,600 Indian benchmark equity indices opened on a strong note, extending gains in early trade as investors cheered positive global cues while awaiting the Reserve Bank of India’s monetary policy decision. BSE Sensex was trading at 78,867.36, up 438.41 points or 0.56%, while…
After two sessions of registering a fall, oil prices inched higher on Wednesday, as the crucial Strait of Hormuz continues to see disruption. Oil prices rose slightly on Wednesday after two days of steep losses, with markets closely watching efforts to end the US-Iran war and restore shipping through the Strait of Hormuz.Brent crude futures…
In an impressive first quarter, Bharti Airtel recorded a remarkable profit surge of 37.3%, driven by increased mobile tariffs and a robust influx of new customers. The company’s revenue also soared by 18.4%, showcasing strong growth across its India and Africa segments. Notably, Airtel’s average revenue per user jumped to Rs 264, indicating a favorable…
