Tata’s again into aviation sector : Tatas win Air India bid;
RBI projects inflation at 5.3%; TCS Q2 profit up by 6.8% and more
Here are the top news from the world of business, economics, national and international politics and more, handcrafted for you
The Reserve Bank of India on Friday retained the ‘accommodative’ stance, kept the key lending rate unchanged and projects inflation at 5.3 percent. Meanwhile, Reliance Industries became India’s most valuable company with a market cap of Rs 18 lakh crore. Tata Consultancy Services today reported a net profit of Rs 9,624 crore for the September quarter whereas Tata Sons won the Air India bid. For all these stories and everything in between, here are some top news of the day
RBI October Monetary Policy: Central bank retains ‘accommodative’ stance
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged in the fourth bi-monthly policy meet for the financial year 2021-22, governor Shaktikanta Das said on Friday.
RBI projects inflation at 5.3% for FY22
The Reserve Bank of India (RBI) has projected the Consumer Price Index (CPI) inflation at 5.3 percent for the financial year 2022, lower than the 5.7 percent estimated earlier.
Reliance Industries roars: Market cap at Rs 18 lakh crore as shares surge
Reliance Industries shares scaled over 4 percent Friday, taking its market cap at Rs 18 lakh crore, cementing its position as India’s most valuable company. Dig deeper
TCS Q2 Results: Net profit up 6.8% QoQ at Rs 9,624 crore
Tata Consultancy Services (TCS) — the country’s largest IT company — on Friday reported a net profit of Rs 9,624 crore for the quarter ended September 30, missing Street estimates. That marked growth of 6.8 percent compared with the previous quarter.
MobiKwik gets SEBI nod for IPO
Digital payments company MobiKwik has received approval from the Securities and Exchange Board of India (Sebi) to float an initial public offering (IPO), sources say.
RBI keeps repo rate unchanged. Should home buyers cheer?
It’s a moment to cheer for homebuyers as the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 percent in October’s bi-monthly monetary policy announced on Friday. The status quo on the interest rate front means the low home loan interest rates regime will continue in the market and help foster housing demand during the ongoing festive season.
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