The RBI maintained its repo rate at 5.25% and a neutral stance, raising inflation forecasts due to West Asian conflict-driven oil price hikes. Fund managers suggest corporate bonds for accrual income and a tactical bet on long-tenure gilt funds, anticipating…
Read More
India is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capital gains and withholding taxes. The country has also expanded its long-dated securities pool. Officials are engaging with global…
Read More
India’s Chief Economic Advisor V Anantha Nageswaran stated the nation can achieve over 7% growth this fiscal year, driven by policy measures and structural reforms. This projection hinges on a return to pre-February 28 global conditions, as the Iran war…
Read More
A forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank’s Chandigarh branch was an isolated incident. The fraud involved collusion between bank employees, government officials, and third parties. The bank has paid back the principal amount…
Read More
India Inc’s finance chiefs laud the RBI’s repo rate hold, deeming it a balanced strategy to curb inflation while fostering growth. Despite revised inflation and GDP forecasts, businesses are bracing for challenges like rupee depreciation and rising input costs, focusing…
Read More
Gold prices dropped significantly in futures trade on Friday. This decline was driven by rising oil prices, ongoing tensions in West Asia, and worries about increasing interest rates. Investors are closely watching global developments and economic reports for future market…
Read More