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Stock markets zoom over RBI’s GDP forecast, Sensex up over 1 pc

Jun 7, 2024

Mumbai, June 7 (IANS) The India stock market extended morning gains after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised India's real GDP forecast to 7.2 per cent for FY25 from earlier 7 per cent.The MPC also decided to keep the policy rates unchanged at 6.5 per cent.The news came as a boost for markets as Sensex went up 1…

RBI easing FEMA guidelines to facilitate overseas trade

Jun 7, 2024

Mumbai, June 7 (IANS) Reserve Bank of India (RBI) has decided to rationalise existing guidelines on the export and import of goods and services in line with the changing dynamics of cross-border trade transactions globally. RBI Governor…

Business

RBI setting up Digital Payments Intelligence Platform to reduce risk of fraud

Jun 7, 2024

Mumbai, June 7 (IANS) The Reserve Bank has decided to set up a Digital Payments Intelligence Platform which will harness advanced technologies to reduce payment fraud risks, RBI Governor Shaktikanta Das said on Friday. To take this…

Business

TCS launches GenAI aggregation platform for firms to adopt next-gen tech at scale

Jun 7, 2024

New Delhi, June 7 (IANS) Tata Consultancy Services (TCS) on Friday launched 'AI WisdomNext', a platform that aggregates multiple Generative Artificial Intelligence (GenAI) services into a single interface and enables organisations to…

Business

RBI raises GDP growth forecast for 2024-25 to 7.2 pc, sees CPI inflation at 4.5 pc

Jun 7, 2024

Mumbai, June 7 (IANS) The RBI has raised India’s GDP growth forecast from 7 per cent to 7.2 per cent for the current financial year (2024-25), as it expects the economy to continue on a high growth trajectory.However, it has decided to…

Business

RBI keeps repo rate unchanged at 6.5 pc to maintain balance between growth and inflation

Jun 7, 2024

Mumbai, June 7 (IANS) The RBI left the key interest rates unchanged in its monetary policy review on Friday as it continues to maintain a balance between economic growth and keeping inflation in check.The RBI’s Monetary Policy Committee…

Business

Sensex jumps 311 points ahead of RBI MPC decision

Jun 7, 2024

Mumbai, June 7 (IANS) India equity indices were trading in the green on Friday after a flat open.On Friday, the decisions of the ongoing Monetary Policy Committee (MPC) to review interest rates will be announced by Reserve Bank of India…

Business

28,000 unionised workers of Samsung set to stage walkout over wages

Jun 7, 2024

Seoul, June 7 (IANS) Unionised workers of Samsung Electronics were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant.About 28,000 members of the National…

Business

SK Group chairman meets TSMC chief, discusses AI chips

Jun 7, 2024

Seoul, June 7 (IANS) SK Group Chairman Chey Tae-won had held a meeting with CC Wei, Chairman of Taiwan Semiconductor Manufacturing (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip…

Business

More volume and less taxes, best way to counter counterfeiting: Delhi Police Joint Commissioner

Jun 6, 2024

New Delhi, June 6 (IANS) B. Shanker Jaiswal, Joint Commissioner (Tech, Cyber and Licensing), Delhi Police, said on Thursday that counterfeiting must not be permitted to become an activity of 'low risk and high gain' for the…

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