Rate cut to spur residential demand, lower home loan rates: Industry

IANS | February 7, 2025 11:24 AM

New Delhi, Feb 7 (IANS) The real estate industry on Friday welcomed the much-awaited benchmark rate cut of 25bps by the Reserve Bank of India (RBI), saying lowered interest rates will further nudge homebuyers to buy an ownership home with an upgraded lifestyle.

RBI raises real GDP growth forecast to 6.7 pc for 2025-26

IANS | February 7, 2025 11:22 AM

Mumbai, Feb 7 (IANS) The Reserve Bank of India (RBI) on Friday raised the country’s real GDP growth forecast to real GDP growth for 2025-26 to 6.7 per cent, as it expects a robust rabi crop output and an expected recovery in industrial activity to support economic growth going ahead.

IRDAI directs health insurers not to hike premium for senior citizens by over 10 pc

IANS | February 7, 2025 10:20 AM

New Delhi, Feb 7 (IANS) As health insurance companies have implemented steep premium hikes across age groups — some insurers even increasing health premiums up to 200 per cent — the Insurance Regulatory and Development Authority of India (IRDAI) has directed them not to revise premium rates for senior citizens by more than 10 per cent per annum.

India’s solar cell capacity poised for 5-fold jump to 55 GW by 2026-27

IANS | February 6, 2025 5:20 PM

New Delhi, Feb 6 (IANS) India's solar cell manufacturing capacity is set to touch 50-55 GW by fiscal year 2027, up five-fold from 10 GW at the end of fiscal 2024, propelled by the government’s policy thrust to reduce imports of cells and modules, according to a Crisil Ratings report released on Thursday.

Sensex, Nifty end lower as investors await RBI MPC decision

IANS | February 6, 2025 4:01 PM

Mumbai, Feb 6 (IANS) The Indian stock market on Thursday closed lower as investors remained cautious ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decision on the rate cut scheduled for February 7.