RBI retains repo rate at 6.5 pc, FY25 growth at 7.2 pc

IANS | October 9, 2024 10:39 AM

New Delhi, Oct 9 (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday decided to maintain the status quo on the repo rate at the current 6.5 per cent, while retaining India's real GDP growth forecast at 7.2 per cent for FY25.

Sensex trades higher before RBI MPC outcome

IANS | October 9, 2024 10:03 AM

Mumbai, Oct 9 (IANS) Indian equity indices were trading higher on Wednesday before the monetary policy decision announcement from the Reserve Bank of India (RBI).

India offers $15 billion opportunity for Taiwanese firms in high-tech manufacturing

IANS | October 9, 2024 9:53 AM

New Delhi, Oct 9 (IANS) As India doubles down on local manufacturing of end-to-end electronics products and more, there lies a massive $15 billion opportunity for Taiwanese companies across sectors like printed circuit boards (PCBs), electronic components and electric vehicle (EV) infrastructure, according to a new report.

RBI MPC likely to maintain status quo, all eyes on repo rate

IANS | October 8, 2024 5:01 PM

New Delhi, Oct 8 (IANS) As the Reserve Bank of India (RBI) gears up to announce the decision of its Monetary Policy Committee (MPC) meeting on October 9, industry experts on Tuesday said the Central Bank is likely to maintain a status quo on policy interest rates and if food inflation further moderates, a shallow rate cut of 50 bps in the upcoming policy meetings is likely this fiscal.

Record 12.3 pc increase in AUM of mutual funds industry in July-Sep

IANS | October 8, 2024 4:09 PM

New Delhi, Oct 8 (IANS) Asset under management (AUM) of mutual funds surged by a record 12.3 per cent to Rs 66.2 lakh crore in the July-September period in the country. This is the largest quarterly increase in mutual fund assets in the last five years in India.