Gold rate gains on hopes of a massive stimulus
Gold prices rose on Wednesday as expectations for a massive US stimulus to help the world's largest economy recover from the coronavirus jolt enhanced bullion's appeal as an inflation hedge and pressured the dollar.
Auto companies cut output targets as steel supplies fall short
The production schedules for the ongoing fiscal Q4 are being revised downward ...
No broadbased reduction in rates due to RBI liquidity measure
Interest rates have come down sharply following RBI's rate cuts to deal with th...
Credit slowdown would have been more severe without rate cuts: RBI study
In a bank dominated financial system such as India, the credit channel plays a critical role in transmitting monetary policy impulses to the credit market and from there on to the real economy.
Budget 2021: India Inc seeks competitive import tariffs, I-T rate cut
Sitharaman held two rounds of discussions with the industry on the first day of the 10-day pre-budget consultation exercise. Biocon chairperson Kiran Mazumder Shaw and Bharti Enterprises vice chairman Rakesh Bharti Mittal were among business leaders who attended the meeting.
DCB Bank cuts benchmark one-year MCLR by 0.18 per cent
The benchmark one-year MCLR has been cut to 9.67 per cent, the bank said in a release. It was 9.85 per cent earlier.
Industry, experts say RBI's status quo on policy rates to aid economic recovery
"There has been a substantial upgrade to the overall growth forecast for the second half of the current fiscal. This is encouraging but given the stress the economy had faced on account of COVID-19, we anticipate that policy support, both from the RBI and the government, will be required well into the next year," Ficci President Sangita Reddy said.
Driving a wedge: How the pandemic increased the trust deficit between labour and industry
With factory units closing, economic activity at a halt, loss of jobs and many struggling to get home, the Covid shock strained relations further between labour and industry.
Fitch, Moody's cut South Africa's ratings deeper into junk, S&P affirms
In March, Moody's became the last of the big three international ratings firms to downgrade South Africa to sub-investment grade, after S&P Global and Fitch moved there in 2017. With the worsening of the COVID-19 pandemic, South Africa's tax revenue fell as the economy contracted.
India rate cut bets fall as recovery gains hold, inflation stays high
Though the central bank is unable to hike rates due to the impact of the Covid-19 pandemic on economic activity, it would still be mindful of the long-term impact of negative real interest rates on the economy, economists believe. High inflation is a risk the RBI cannot afford to ignore, Nomura economists wrote in a note.
Inflation rises again: Will this end RBI’s rate cutting cycle?
Costlier vegetables and eggs pushed up retail inflation to a nearly six-and-a-half-year high of 7.61 per cent in October, keeping it significantly above the comfort zone of RBI. It prefers the dearness in the 4±2 per cent range.
Bank of Baroda cuts MCLR by 0.05 per cent across tenors
The one-year tenor -- which is the benchmark for all consumer loans such as auto, retail, housing -- has been reduced to 7.45 per cent from 7.5 per cent.
GST rate cut sends wrong signal to domestic business: Finance secretary
Finance secretary, Ajay Bhushan Pandey said to ANI that GST rate cut sends a wrong signal to domestic business/industries as well as interna...
Bank of Baroda reduces lending rate by 15 bps to 6.85%
The rate cut would be effective from November 1, 2020. With the cut in the external benchmark repo linked rate, all retail loans of the bank would get automatically adjusted.
Rate cuts could soon be back on MPC table
Governor Shaktikanta Das said that the rise in prices is due to supply side shocks caused by lockdowns and restrictions in movements across the country.