RBI Monetary Policy Meeting October 2024 LIVE Updates: Catch all the latest news updates on RBI's monetary policy announcements here

Shaktikanta Das, Shaktikanta, RBI Governor

Absolute-return investors must avoid Indian markets in the backdrop of recent developments, especially the stimulus by China, suggests a report by BCA Research

India china, India, China

The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17

Hyundai

Chandan Verma, accused of killing a Dalit family in Amethi, has been shifted to the district jail here, officials said on Sunday.
Verma (35), who was arrested on Friday, was shot by the police on Saturday while they were trying to recover the pistol he allegedly used in the killing.
He was admitted to the hospital from where he was shifted to the district jail on Saturday evening.
Verma was produced before the court on Saturday evening and sent to jail.
Jail Superintendent Aman Kumar said Verma reached the jail at around 8 pm on Saturday.
The government school teacher, his 32-year-old wife Poonam and their two daughters, Drishti and Suni, were shot dead in the Ahorwa Bhawani area of Amethi on October 3.
During the initial investigation, the police found that Poonam had lodged an FIR against the accused in Rae Bareli on August 18 for eve-teasing and under the Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act, 1989.
The complainant had also mentioned that "if anyt

Prison, Justice, Punishment, Criminal, Law, Arrest, Cage, Jail

Carbonated soft drinks segment in India is unable to reach its potential in terms of scale expansion due to barriers such as high taxation under the GST regime despite government's initiatives like 'Make in India' and 'Aatmanirbhar Bharat', according to a report by economic think tank ICRIER.
The cross-country comparative data on sugar-sweetened beverages (SSB) taxes collated by the World Bank shows that India has one of the highest tax rates for carbonated soft drinks (CSDs) at a total tax rate of 40 per cent as of 2023.
Over 90 per cent of countries that tax SSBs have a lower tax rate than India, as per the report titled 'Carbonated Beverages Industry in India: Tax Policy to Promote Growth, Innovation and Investment'.
Consumers, globally and in India, are shifting towards low-sugar and no-added sugar varieties of beverages amid heightened health awareness.
"The CSD market is also changing from its traditional high sugar carbonated beverages to low-sugar and fruit-based and/or ...

cocacola, pepsi, Softdrink

Academics and Bengali identity advocacy groups have hailed the decision of the Centre to accord classical language status to Bengali language expressing hope that it will facilitate in greater use of the language in official communication and examinations.
Eminent indologist and linguist Nrisingo Prasad Bhaduri said he hoped that after the honour, at all India level, there will be greater use of the language in competitive examinations, more use of synonyms of familiar English terms in science and economics and present day students will feel encouraged to use these Bengali synonyms in their exams.
Thanking West Bengal Chief Minister Mamata Banerjee, Bhaduri said after he and other academics drew her attention to the fact that Bengali was not accorded classical language status despite having thousands of years of history from the day of its origin and evolution. "The state government submitted voluminous documents in this regard very promptly and the recognition came in 6-7 months ...

Bangla, Bengali language, West Bengal

The outcome of the state polls, especially in Haryana and Maharashtra, analysts believe, are also important from 'farm politics' viewpoint, and how the government deal with the farmer's demands

BJP Flag, BJP

The exchange between the two began when comedian Kunal Kamra posted a picture of Ola Electric scooters gathering dust outside a dealership, apparently awaiting service

Bhavish Aggarwal, Kunal Kamra

Once worked behind the scenes to shape the political fortunes of others, Prashant Kishor is now ready for his second coming with the launch of Jan Suraaj Party.

Prashant Kishor

The rupee appreciated 5 paise to 83.92 against the US dollar in early trade on Wednesday, ahead of the Reserve Bank of India's monetary policy announcement.
Forex traders said the spotlight is firmly on the RBI as it prepares to announce its monetary policy.
Most major central banks have pivoted toward rate cuts, with the US Fed being the latest to lower rates by 50 basis points. The RBI has maintained its accommodative stance. All attention now shifts to whether the central bank will move from its accommodative stance to a more neutral approach.
At the interbank foreign exchange market, the local unit opened at 83.92 against the American currency, registering a rise of 5 paise over its previous close.
On Tuesday, the rupee rose 3 paise to close at 83.97 against the US dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.03 per cent to 102.58 points.
Brent crude, the international benchmark, was trading higher by 0.40 per ce

Rs, Rupee, Indian Currency

New York's lawsuit comes as consumers are losing billions to financial fraud to scammers using more advanced tools

Citigroup

Latest news updates: Catch all the latest news developments from across the world here

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Rupee rises 5 paise to 83.92 against US dollar during early trade

Citi pushes back on NY's online fraud lawsuit, says we're not 'bad guys'

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