The Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary policy review on August 6, following three consecutive rate cuts totalling 100 basis points. The central bank’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, will begin its three-day deliberations on Monday.While inflation remains…
Punjab National Bank (PNB) is confident of surpassing its total business target of Rs 29.56 lakh crore for the current financial year and aims to touch the Rs 30 lakh crore milestone by March 2026, managing director and CEO Ashok Chandra said. The country’s second-largest lender recorded a total business of Rs 27.19 lakh crore…
The US market, which accounts for 35 per cent of Indian natural polished diamond exports in fiscal 2025, is expected to face additional challenges following recent US tariffs and penalties, according to Crisil Ratings.A slowdown in natural diamond demand has already been observed in the US market, officials noted.“Added to this, reduced offtake by retailers…
The stock markets are set for action-packed week, with investor focus locked on the Reserve Bank of India’s (RBI) policy decision, Q1 earnings from key companies, and evolving developments around US tariffs. According to market observers, foreign investor activity and global equity trends will also steer sentiment, with added volatility from geopolitical and macroeconomic triggers.Markets…
NEW DELHI: Seven out of the top 10 highest-valued firms experienced a collective reduction of Rs 1.35 lakh crore in market value last week. The BSE benchmark decreased by 863.18 points, equivalent to 1.05 per cent.The collective market value reduction of Rs 1,35,349.93 crore affected TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys,…
Businesses are expressing worry about potential order cancellations from American clients, given the 25% duty on Indian products, which exceeds rates for rival nations like Bangladesh, Pakistan and Vietnam, alongside an additional penalty causing uncertainty.During discussions with commerce and industry minister Piyush Goyal, various sector representatives, including textiles, steel, engineering and agriculture, reportedly requested swift…
As US President Donald Trump announced penalties on India in addition to a 25 per cent tariff- citing, in part, India’s trade ties with Russia- analysts warn the moving away could come at a significant cost. According to estimates, India’s import bill could rise by $9–11 billion if it is forced to pivot away from…
India has significantly ramped up its crude oil imports from the United States during President Donald Trump’s second term, marking a major shift in its energy sourcing strategy, according to official trade data, reported ANI- quoting sources. Imports of US crude rose over 50 per cent in the first half of 2025 compared to the…
Brent crude prices could climb to $80 per barrel in the coming months amid escalating tensions between the United States and Russia, predicts oil market analysts. The forecast came after US President Donald Trump issued a deadline for Russia to end the war in Ukraine, threatening additional sanctions and secondary tariffs of up to 100%…
NEW DELHI: In a bid to address the longstanding confusion over speed limits, the road transport ministry has proposed that the Centre set the speed limits for NHs and expressways while states can do so for state highways and other roads. In a slew of amendments to the Motor Vehicles Act, the ministry has also…