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Most Adani Group firms rise; Adani Enterprises jumps 13%

Most Adani Group firms rise; Adani Enterprises jumps 13%

Shares of most of the Adani group firms gained in late morning trade on Wednesday, with flagship company Adani Enterprises rising 13 per cent. As many as eight Adani Group firms were trading in the positive territory while two were in the red. On the BSE, the scrip of Adani Enterprises zoomed 13.07 per cent [...]
RBI projects inflation to fall to 5.3% in FY24

RBI projects inflation to fall to 5.3% in FY24

The Reserve Bank on Wednesday projected retail inflation to ease to 5.3 per cent in next fiscal from 6.5 per cent this year on assumptions of lower imported inflation, even though core inflation remains sticky. The RBI's inflation outlook for current fiscal has improved from 6.8 per cent projected earlier, to 6.5 per cent, on [...]
NHPC Q3 Results: Consolidated net profit falls 12.59%

NHPC Q3 Results: Consolidated net profit falls 12.59%

State-owned hydro power giant NHPC has posted a 12.59 per cent decline in its consolidated net profit to Rs 775.99 crore for the December 2022 quarter, mainly due to higher expenses. The consolidated net profit of the company was Rs 887.76 crore in the quarter ended December 2021, showed a BSE filing on Tuesday. Its [...]
PayU’s LazyPay, IndiaBulls Home Loans, Kissht among websites blocked by govt

PayU’s LazyPay, IndiaBulls Home Loans, Kissht among websites blocked by govt

Fintech firms LazyPay, IndiaBulls Home Loans and Kissht are among the list of blocked websites issued by the Ministry of Electronics and IT, according to sources. The government has blocked 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan service. As per the list, the Ministry of [...]
RBI hikes repo rate by 25 basis points to 6.5%

RBI hikes repo rate by 25 basis points to 6.5%

The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the [...]
RBI projects economic growth at 6.4% for next fiscal

RBI projects economic growth at 6.4% for next fiscal

The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political tension and tightening global financial condition. Announcing the bi-monthly monetary policy, Reserve Bank of India Governor Shaktikanta Das said the RBI's internal survey says manufacturing, services [...]
Sensex, Nifty rise ahead of RBI monetary policy decision

Sensex, Nifty rise ahead of RBI monetary policy decision

Shares rose in early trade on Wednesday, with the benchmark Sensex surging 360.77 points ahead of the RBI monetary policy decision and positive sentiments spurred by US Federal Reserve comments on inflation. Asian markets witnessed mixed trends on Wednesday. The 30-share BSE Sensex jumped 360.77 points or 0.60 per cent to 60,646.81 points, while the [...]