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RBI cuts interest rate by 25 basis points, 2019-04-04 07:30:36In a bid to boost sluggish economy before elections, the RBI Thursday cut interest rate by 25 basis points for the second time in as many months, a mo

Sensex ends 192 points lower post RBI policy 2019-04-04 06:48:50The BSE Sensex closed 192 points lower Thursday after the RBI lowered GDP growth forecast for 2019-20 and kept its monetary policy stance 'neutral'

HDFC customers can get special discount on Apple 2019-04-04 04:36:00The official price of iPhone XR on Apple India website is Rs 76,900.

RBI moves to stimulate growth, lowers repo rate 2019-04-04 03:56:05The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 per cent from the current 6.25 per cent, a mo

RBI lowers GDP growth forecast to 7.2% for 2019-04-04 03:47:25The RBI Thursday lowered the GDP growth forecast for the current fiscal to 7.2 per cent from the earlier estimate of 7.4 per cent amid probability of

Supreme Court ruling: RBI to come out with 2019-04-04 03:43:08Reserve Bank Governor Shaktikanta Das Thursday said the central bank will soon come out with revised circular for effective resolution of stressed ass

Sensex, Nifty turn volatile after RBI policy outcome 2019-04-04 03:35:31Domestic benchmark equity indices turned volatile in afternoon trade Thursday after the RBI cut repo by 0.25 per cent for the second time in a row, bu

RBI cuts repo rate by 25 basis points 2019-04-04 02:18:00The Reserve Bank of India (RBI) had reduced the repo rate by 25 basis points to 6.25% in February.

Sensex, Nifty start on a cautious note ahead 2019-04-04 00:54:41Investors were cautious ahead of RBI's bi-monthly monetary policy review, scheduled to be announced today.

Ex-Nissan chief Carlos Ghosn re-arrested in Tokyo 2019-04-04 00:30:00Former Nissan chief Carlos Ghosn was rearrested early Thursday in Tokyo while out on bail, local media said, as prosecutors investigate a fresh charge

DNA Money Edit: Will banks follow RBI's rate 2019-04-03 20:20:00RBI's rate cut in February had met with a lukewarm response from the banks, reeling under the high cost of deposits

PSU, private bank stocks likely to be in 2019-04-03 20:15:00Investors will shift their focus to the upcoming Q4FY19 earnings which are expected to drive the markets

Reuters: Money News

Brent oil resumes climb to $70 on tightening 2019-04-04 07:59:07Brent oil prices resumed their climb towards $70 per barrel on Thursday as expectations of tight global supply outweighed pressure from rising U.S. in

Ex-Nissan chief Ghosn calls latest arrest 'outrageous', asks 2019-04-04 07:43:00Japanese prosecutors arrested Carlos Ghosn again on Thursday on suspicion the former Nissan boss had tried to enrich himself at the automaker's expen

Vodacom unit alleged to have caused $4.76 million 2019-04-04 07:41:47Vodacom Tanzania said on Thursday the government had accused it of causing an 11 billion shilling ($4.76 million) loss linked to allegations of fraudu

Global Markets: Stocks stall on trade jitters, German 2019-04-04 07:41:15European and Asian shares stepped back from eight-month highs on Thursday, as investors took money off the table amid fresh concerns about U.S.-China

Ireland's largest newspaper group, INM, receives takeover offer 2019-04-04 07:20:41Ireland's largest newspaper group, Independent News & Media, said on Thursday that it had received an approach in relation to a possible offer fo

Heart over head, Chinese retail investors rush into 2019-04-04 07:20:05When the major port and industrial hub of Ningbo sold China's first municipal bonds to retail investors, an amount of $43 million was snapped up in j

London court orders Djibouti to pay $385 million 2019-04-04 07:18:10The United Arab Emirates said on Thursday that the London Court of International Arbitration had ordered Djibouti to pay Doraleh Container Terminal (D

Switzerland's Raiffeisen to cut jobs, aims for $100 2019-04-04 07:17:55Raiffeisen Switzerland is cutting up to 200 jobs as it targets 100 million Swiss francs ($100 million) in annual cost savings, the nation's third-lar

Gold edges higher as stocks retreat from eight-month 2019-04-04 07:15:50Gold inched higher on Thursday as stock markets retreated from multi-month highs following weak data from Germany, while investors awaited clarity on

Japan's Nomura axeing jobs and bank branches to 2019-04-04 06:40:50Japan's Nomura Holdings will cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches in its latest

Nifty, Sensex fall, bond yields rise after RBI 2019-04-04 06:38:07Indian shares ended lower, 10-year bond yields rose, and the rupee weakened on Thursday, after the country's central bank cut interest rates by a wid

Brexit: UK loses 6.6 billion pounds a quarter 2019-04-04 06:29:21The United Kingdom has lost 6.6 billion pounds ($8.7 billion) in economic activity every quarter since it voted to leave the European Union, according

Moneycontrol Economy News

Editor#39;s Take | RBI cuts repo rate by 2019-04-04 07:22:24 Vaibhavi Khanwalkar gets in conversation with Moneycotrol#39;s Deputy Executive Editor, Ravi Krishnan to find out the possible implications of the ra

Opinion | RBI adopts an incremental approach 2019-04-04 06:54:06 Any further rate easing is conditioned on the possible sustenance of current global slowdown.

What RBI Guv Shaktikanta Das has to say 2019-04-04 05:12:20 A group of over 100 economists had gone public with their reservations on the GDP and other key data prints in March in the light of the frequent rev

Urban sector holds key for double-digit growth: Finance 2019-04-04 04:58:06 The FRBM committee, which was headed by N K Singh, also recommended that the states should bring down their debt GDP ratio to 20% by the same period.

India allows 100,000 tonnes of corn imports at 2019-04-04 04:10:02 India, the world#39;s seventh-biggest corn producer otherwise imposes a 60 percent import tax on the grain.

Need to increase investment in science to 1.2% 2019-04-04 03:34:08 V K Saraswat further noted that the government wants to promote research in basic sciences provided it should lead to economic growth.

RBI Policy: Inflation projection lowered to 2.9-3 percent 2019-04-04 03:02:32 In the second half of FY20, the committee projected inflation level at 3.5-3.8 percent

RBI cuts FY20 GDP growth forecast to 7.2% 2019-04-04 02:53:19 For the first half of FY20, GDP growth is seen at 6.8-7.1 percent, down from the previous projection of 7.2-7.4 percent.

MPC cuts repo rate: Full text of RBI 2019-04-04 02:33:41 The central bank expects headline retail inflation to increase to 3.8 percent by the fourth quarter, while GDP growth has been estimated at 7.2 perce

Weak Indian demand drags March services growth to 2019-04-04 01:15:01 The Nikkei/IHS Markit Services Purchasing Managers#39; Index fell to 52.0 in March from 52.5 the previous month but remained above the 50 mark separa

Politics and policy easing to hurt Indian rupee: 2019-04-04 00:20:02 The rupee was the worst performing Asian currency last year but gained over 2 percent in March despite the Reserve Bank of India easing policy in Feb

Dimishing India#39;s stockpile of pulses will create opportunity 2019-04-03 22:31:04 India, in 2017, implemented a number of tariffs on imported chick peas, a 30 per cent duty, and lentils in a bid to protect domestic production.

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