Bank holidays this week, June 9-15: Banks will be closed for three days this week in some parts of India, due to Sant Guru Kabir Jayanti and the weekend, according to the bank holiday calendar by the Reserve Bank of India (RBI). Here is a detailed list of bank holidays for next week — Bank…
Mumbai: In a move to invigorate India’s slowing economy and in the wake of consistently easing inflation, the rate-setting committee of India’s central bank slashed the repo rate by 50 basis points (bps) on Friday, twice the 25 bps that was widely expected. Further it complemented the policy rate cut with a 100 bps reduction…
T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), has been appointed as a part-time Member of the Sixteenth Finance Commission on Saturday. The appointment of Sankar is consequent to the resignation of one of the full-time Members of the XVIFC, Ajay Narayan Jha, on personal grounds. The Department of Economic Affairs…
Global entertainment giant Netflix, on Saturday, 7 June 2025, announced a long-term creative partnership with Ekta Kapoor’s Balaji Telefilms with the aim to build a new era for Indian stories for a global audience, according to a social media post on platform X. “From India, to the world. Netflix and Ekta Kapoor’s Balaji Telefilms are…
The government is conducting talks with companies to build long-term stockpiles of rare earth magnets by providing fiscal incentives for domestic production, according to a report by Reuters citing people aware of the development. This stockpile will help to reduce dependence of India on supplies from China, which curbed exports of rare earth minerals from…
Speaking to mediapersons in Delhi on the sidelines of a seminar on critical mineral processing, V.L. Kantha Rao, secretary to the ministry of mines, said that a scheme with an allocation of about ₹1,500 crore is in approval stage with the ministry and would also require the nod of the Union cabinet. “We have thought…
Bakrid 2025 Bank holiday today: Banks in most parts of India will be closed on Saturday, June 7, 2025, on account of Bakrid, according to the Reserve Bank of India’s holiday calendar. Typically, banks are open on the first and third Saturdays of every month, whereas they remain closed on the second and fourth Saturdays….
For instance, Raju Rastogi’s family from3 Idiotswas recently seen alerting us about low prices on Flipkart Minutes or Ratna Pathak, as Maya Sarabhai fromSarabhai vs.Sarabhai encouraged us to buy Korean beauty products from Myntra. Saurabh Sharma, head of marketing at Ather Energy, ran one such campaign with actor Mandar Chandwadkar in November 2024 and March…
As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR)—the amount of funds that banks need to park with RBI –by 100 bps. However, the rate-setting panel changed the policy stance from ‘accommodative’ to ‘neutral’, citing limited headroom for monetary policy to support growth. How will…
China has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers, two sources familiar with the matter said, as supply chain disruptions begin to surface from Beijing’s export curbs on those materials. At least some of the licenses are valid for six months, the two sources said, declining to be named…