Mumbai, Oct 1 (IANS) The RBI on Wednesday decided to ease foreign exchange management norms to facilitate easier payments by exporters, which include an extension in the time period for repatriation of forex earnings, to counter growing uncertainties in global trade.
New Delhi, Oct 1 (IANS) Bankers on Wednesday welcomed the Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.5 per cent with a neutral stance, saying the move reflects a balanced approach in supporting growth and ensuring price stability.
New Delhi, Oct 1 (IANS) Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing.
Mumbai, Oct 1 (IANS) The Reserve Bank of India (RBI) on Wednesday announced more measures to facilitate wider use of the Indian Rupee and local currencies in international trade transactions.
New Delhi, Oct 1 (IANS) Toyota Kirloskar Motor (TKM) on Wednesday reported strong sales in September, with 31,091 units sold -- marking a 16 per cent rise compared to 26,847 units in the same month last year.
Mumbai, Oct 1 (IANS) Mahindra and Mahindra Limited (M&M Limited), one of India’s top automobile manufacturers, on Wednesday recorded overall auto sales of 1,00,298 vehicles in September -- a 16 per cent growth compared to the same month last year.
Mumbai, Oct 1 (IANS) The price of gold is hovering around a record high on Wednesday, amidst growing concerns of a US government shutdown, while weak labour data strengthened expectations of further interest rate cuts by the Federal Reserve.
Mumbai, Oct 1 (IANS) The Reserve Bank of India (RBI) on Wednesday announced a major set of changes to make bank credit more accessible for companies and individuals.
Mumbai, Oct 1 (IANS) The RBI’s monetary policy committee (MPC) on Wednesday slashed its forecast for India’s inflation rate for the financial year 2025-26 to 2.6 per cent from 3.1 per cent in August primarily on account of the GST rate cuts and benign food prices.
Mumbai, Oct 1 (IANS) The RBI has raised its projection of India’s GDP growth rate to 6.8 per cent for 2025-26 from 6.5 per cent earlier, as the implementation of several growth-inducing structural reforms, including streamlining of GST, is expected to offset some of the adverse effects of the external headwinds, Reserve Bank Governor Sanjay Malhotra said on Wednesday.
