The NBFC stock has faced near-term pressure, with its share price slipping slightly over the past five sessions and declining about 4% over the last month. Manappuram Finance, on Saturday, said that the company has received Reserve Bank of India (RBI) approval for the proposed acquisition of up to 41.66% of the company’s paid-up equity…
The Nifty Auto index has zoomed as much as 157.8 per cent in the last four calendar years as against a 50.6 per cent surge in the benchmark Nifty 50, shows data. The Nifty Auto index was up over 1 per cent in intra-day trade on Friday, and hit a fresh all-time high for the…
Consumer inflation had dipped to 2.82% in May. CPI data allows India room to ease rates at a time when Trump tariffs threaten growth. India’s economy rose by a faster-than-expected 7.4% in the quarter ended March. India’s consumer inflation continued to ease in June, hitting a lower-than-expected 2.10%, government data showed on Monday. The…
May marks the fourth consecutive month that inflation has remained below 4 percent india’s inflation stays below 4 percent India’s retail inflation eased to a 75-month low of 2.82 percent in May, compared with 3.2 percent in April, as food inflation eased below 1 percent for the first time in nearly four years, according to…
RBI lowers repo rate by 25 bps and trims GDP projection for FY26, citing controlled inflation and global trade and policy uncertainties The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has unanimously decided to reduce the repo rate by 25 basis points to 6 per cent, Governor Sanjay Malhotra announced on Wednesday. This marks the second…