Inflation at a benign 2.2 per cent and growth at 8.0 per cent in H1:2025-26 present a rare goldilocks period, said RBI. RBI monetary policy: The Reserve Bank of India (RBI) decided to cut the repo rate by 25 basis points to 5.25% in the December meeting of the Monetary Policy Committee (MPC). While most…
Asian stocks traded mixed on Friday, following a muted pattern on Wall Street as the latest US economic data left investors with little clarity about Federal Reserve’s plans for interest rate cuts nex week.Hong Kong’s HSI was down 63 points or 0.24% reaching 25,872. Nikkei also trimmed its gains, falling 702 points to trade at…
Market experts anticipate a period of sideways movement. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade ahead of the RBI policy. While Nifty50 was above 26,000, BSE Sensex was around 85,250. At 9:18 AM, Nifty50 was trading at 26,037.90, up 4 points or 0.016%. BSE…
CEO & chairman of the executive board Herman Gref with Putin (AP photo) NEW DELHI: Sberbank, Russia’s largest lender, is looking to ramp up its operations in the country, opening up to 10 branches, investing surplus rupees from bilateral currency trade in Indian govt bonds and getting Russian investors to park funds in Nifty stocks.“We…
BENGALURU: Electric motorcycle maker Ultraviolette raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing series E round. The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X-47 crossover, as well as…
MUMBAI: Association of National Exchanges Members of India (ANMI), the largest association of stock brokers in India, has written to the markets regulator Sebi, urging it to allow NSE to re-launch weekly options contracts on Bank Nifty. In Oct 2024, concerned by the rising losses incurred by retail investors who traded in equity options, Sebi…
A dispatch rider passes in front empty building of the Lukoil headquarter in Sofia, Bulgaria (Picture credit: AP) The United States has temporarily lifted some restrictions on Lukoil-branded fuel stations operating outside Russia, allowing them to continue running despite sanctions placed on the parent company. The treasury department confirmed on Thursday that these stations —…
BENGALURU: At India Blockchain Week in Bengaluru on Monday, Rahul Sanskrityayan, Specialist Consultant for Blockchain at NPCI, said the Reserve Bank of India’s programmable central bank digital currency (CBDC) is already live with participating banks and is being used by the government for targeted subsidy transfers.Sanskrityayan said programmable CBDC allows funds to be restricted for…
(Image credits: X @firesideventure) BENGALURU: Consumer focused venture capital firm Fireside Ventures has closed its fourth fund with commitments of Rs 2,265 crore (about $253 million), doubling down on early stage consumer brands as it chases the next wave of health, wellness and lifestyle companies in India. The new vehicle takes the firm’s total assets…
BENGALURU: Bengaluru-based electric motorcycle maker Ultraviolette has raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing Series E round.The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X‑47 crossover, and to…
