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RBI revises GDP growth projection to 6.8%, cuts inflation to 2.6% – Here’s what it means
01
Oct
By The Press Editor
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Business

RBI revises GDP growth projection to 6.8%, cuts inflation to 2.6% – Here’s what it means

Experts are of the view that the neutral position signifies a conscious balance between stimulating economic growth and controlling inflation levels. New Delhi: The Reserve Bank of Indiaโ€™s Monetary Policy Committee (MPC) has maintained the status quo on its repo rate by keeping it unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties. RBI Governor Sanjay Malhotra also said the MPC unanimously decided to keep the short-term lending rate or repo rate unchanged at 5.5 per cent with a neutral stance. Stating that GST rate rationalisation will have a sobering impact on consumption and…
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Market Opening Bell: Sensex drops 94 points, Nifty flat ahead of RBI policy outcome
01
Oct
By The Press Editor
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Business

Market Opening Bell: Sensex drops 94 points, Nifty flat ahead of RBI policy outcome

Sensex, Nifty Today: In early trade, 1,467 stocks in the Nifty pack were trading in the green, while 843 were trading in the red. Eight-three stocks remained unchanged. Mumbai: The Indian equity benchmark indices, the Sensex and Nifty, traded mixed in the opening session on Wednesday, October 1, 2025, ahead of RBI policy outcome. While the 30-share BSE Sensex fell 94.38 points to start the session at 80,173.24, the Nifty gained 9.45 points to open at 24,620.55. In the last trading session, the Sensex closed at 80,267.62 and the Nifty 50 at 24,611.10.ย 
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RBI MPC Meeting: Central bank keeps repo rate unchanged at 5.50%
01
Oct
By The Press Editor
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RBI MPC Meeting: Central bank keeps repo rate unchanged at 5.50%

A Goldman Sachs report expects the RBI Monetary Policy Committee (MPC) to hold the policy repo rate at 5.50 per cent at the October meeting. Mumbai: The Reserve Bank of India (RBI) - which has already reduced the key short-term lending rate (repo) by 100 basis points in three tranches, beginning in February, amid declining consumer price index (CPI) based inflation- opted for a status quo in the August bi-monthly monetary policy, taking a wait-and-watch approach to assess the impact of US tariffs and other geopolitical developments on the domestic economy. RBIย Monetary Policy Committee LIVE UPDATESย ย  ย  ย 
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Commercial LPG cylinder prices hiked by Rs 15.50, no change in domestic rates
01
Oct
By The Press Editor
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Business

Commercial LPG cylinder prices hiked by Rs 15.50, no change in domestic rates

The hike is likely to directly affect commercial users such as restaurants, hotels, and catering services that rely heavily on LPG for daily functioning. With the increase in cylinder prices, their operating expenses are set to rise. New Delhi: Oil marketing companies have announced a fresh revision in the prices of commercial LPG cylinders, effective from October 1 (Wednesday). The increase comes just ahead of the festive season, impacting hotels, restaurants, and several businesses that rely heavily on commercial cooking gas. Price hike on commercial cylinders As per the revised rates, the price of a 19 kg commercial LPG cylinder…
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8th Pay Commission: When will it be implemented? Timeline of when past pay hikes kicked in
30
Sep
By The Press Editor
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Business

8th Pay Commission: When will it be implemented? Timeline of when past pay hikes kicked in

8th Pay Commission: As per the previous commission, it generally takes two to three years for its implementation from the time gets constituted. New Delhi: The announcement regarding the approval of the 8th Pay Commission was made by Union Minister Ashwini Vaishnaw in January this year. The new payment regime is slated to revise the salaries of almost 50 lakh central government employees. However, despite the announcement, nearly nine months have gone by, and thereโ€™s no update regarding the Commissionโ€™s official notification, the appointment of members, and the Terms of Reference (ToR).ย  While the central government employees are still waiting…
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This LIC-backed NBFC stock trades in green even as markets remain volatile – Check share price
30
Sep
By The Press Editor
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Business

This LIC-backed NBFC stock trades in green even as markets remain volatile – Check share price

The stock's 14-day relative strength index (RSI) is 51.63. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. Mumbai: Shares of non-banking financial company (NBFC) Paisalo Digital, which is engaged in the credit business, are in action today even as the market remained volatile. The stock started the trading session in the red as it opened at Rs 36.80 on the BSE against the previous close of Rs 36.87. However, it rebounded and touched the high of Rs 38.22, representing a gain of 3.66 per cent from the…
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Bharat Gaurav tourist trains to run from October 5: Check fares, boarding station, other key details
30
Sep
By The Press Editor
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Business

Bharat Gaurav tourist trains to run from October 5: Check fares, boarding station, other key details

Bharat Gaurav Kashi Darshana: The total duration of the journey will be 9 days, with the departure date of the Bharat Gaurav Tourist train scheduled for October 5, 2025. New Delhi: The Government of Karnataka, in association with the Indian Railway Catering and Tourism Corporation (IRCTC), is offering a โ€œKarnataka Bharat Gaurav Kashi Darshanaโ€ theme-based pilgrimage tour by the Bharat Gaurav Tourist train. As part of this tour package, pilgrims will visit four prominent sacred places - Varanasi, Gaya, Ayodhya and Prayagraj. The total duration of the journey will be 9 days, with the departure date of the Bharat…
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Gold touches new record high of Rs 1.2 lakh per 10 grams in Delhi – Check details
30
Sep
By The Press Editor
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Business

Gold touches new record high of Rs 1.2 lakh per 10 grams in Delhi – Check details

Gold of 99.5 per cent purity extended the gains for the fourth straight session by rising Rs 500 to hit a record high of Rs 1,19,400 per 10 grams (inclusive of all taxes) in the local bullion market. New Delhi: Gold prices continued to surge on Tuesday and jumped by Rs 500 to touch a new record high of Rs 1.20 lakh per 10 grams in the national capital due to a weak dollar and expectations of further rate cuts by the US Federal Reserve. According to the All India Sarafa Association, the yellow metal had rallied Rs 1,500…
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RBI cheque rules, IRCTC ticketing and NPS equity overhaul: Check list of key financial changes from October 1
30
Sep
By The Press Editor
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Business

RBI cheque rules, IRCTC ticketing and NPS equity overhaul: Check list of key financial changes from October 1

The Reserve Bank of India (RBI) has said that from October 4, cheque handling will undergo a transition from the batch clearing method to the continuous clearing method with settlement on realisation. New Delhi: Starting October 1, several changes are slated to kick in, involving government departments, banks, and even some of the regulatory bodies in India. The changes include NPS pension rules, banking charges, and RBI cheque clearing charges, among others.ย  Change in cheque handling The Reserve Bank of India (RBI) has made a significant announcement regarding the change in cheque handling. It has said that from October 4,…
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