India’s car sales surge past 41.53 lakh mark during FY25

IANS | April 7, 2025 11:32 AM

New Delhi, April 7 (IANS) The number of new cars registered on the government’s VAHAN portal rose to a record 41,53,432 units during the financial year ended March 31, 2025, which represents a 4.87 per cent increase in sales over the previous financial year, according to figures compiled by the Federation of Automobile Dealers Associations (FADA).

RBI MPC begins, likely to go for 25 bps rate cut on April 9, says SBI report

IANS | April 7, 2025 9:48 AM

Mumbai, April 7 (IANS) As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7-April 9) here, SBI Research on Monday said it expects a 25-basis point rate cut in the policy and cumulative rate cut over the cycle could be at least 100 basis points, with two successive rate cuts over February and April.

Indian stock market crashes amid US reciprocal tariff fears

IANS | April 7, 2025 9:31 AM

Mumbai, April 7 (IANS) The Indian stock markets crashed on Monday morning over fears of US reciprocal tariffs set to come into force from April 9. The Nifty 50 and Sensex were trading 3.85 per cent and 4.16 per cent down, respectively, in early trade.