Business

09

Feb

By The Press Editor

0 Comments

Business

Check rates in Delhi, Mumbai, Chennai, Kolkata and other major cities – India TV

Image Source : FREEPIK Check gold prices for February 7. Gold rates today: Gold prices in India as of February 7, witnessed no change in price compared to the rate on Wednesday. The cost of 24 carat gold in India as of Friday stood at Rs 8,651 per gram reflecting no change, while the price of 22 carat gold was at Rs 7,930 per gram, reflecting no change again.  The gold rate had hit its all-time high in the previous session on Wednesday, amid weakness in the rupee and profit-taking in the dollar index. The surge in gold prices is attributed…

Read More

09

Feb

By The Press Editor

0 Comments

Business

Sensex falls 87 points, Nifty dips to 23,570 ahead of RBI MPC meet – India TV

Image Source : FILE REPRESENTATIVE IMAGE Equity markets opened lower on Friday as the Sensex declined 87.32 points to 77,970.84, while the Nifty slipped 32.6 points to 23,570.75, amid investor caution ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting. This dip follows a two-day losing streak for the benchmark indices, with investors adopting a wait-and-watch approach before the RBI’s policy decision. Market sentiment was further impacted by fresh foreign fund outflows and global economic uncertainties.

Read More

09

Feb

By The Press Editor

0 Comments

Business

Good news for homebuyers: Loans to get cheaper as RBI cuts repo rate

Image Source : PIXABAY The move is expected to benefit homebuyers. As expected, the Reserve Bank of India's new Governor Sanjay Malhotra announced a 25 basis point rate cut to 6.25 per cent from 6.50 per cent. This is the central bank's first interest rate cut in nearly five years. The last rate cut was in May 2020. Home loans to get cheaper The move is expected to lower home loan interest rates and benefit homebuyers.  How does it impact EMIs? Let's understand this with an example. Suppose you took a home loan of Rs 50 lakh at an interest…

Read More

08

Feb

By The Press Editor

0 Comments

Business

RBI to introduce dedicated domains for banks, non-bank financial entities to reduce digital fraud – India TV

Image Source : PIXABAY The decision is aimed at enhancing trust in the financial sector. Amid the continuous rise in digital fraud, the Reserve Bank of India (RBI) on Friday said that it warrants actions by all stakeholders. While emphasising that the Central bank is taking various measures to enhance digital security in banking and payment systems, RBI Governor Sanjay Malhotra said that Indian banks will soon have exclusive internet domain name 'bank.in' and non-bank financial entities 'fin.in'. Malhotra said registrations for 'bank.in' will commence from April 2025, and going forward 'fin.in' will be introduced. The decision is aimed at…

Read More

08

Feb

By The Press Editor

0 Comments

Business

FD rates may come down -Here’s what investors can do – India TV

Image Source : PIXABAY Home, auto and other loans are likely to see a drop in interest rates. FD Rates after RBI repo rate cut: Reserve Bank of India Governor Sanjay Malhotra today announced a cut in the key benchmark rate. The Monetary Policy Committee (MPC), headed by Malhotra, has slashed the repo rate by 25 basis points to 6.25 per cent. This is the first cut in almost five years. This was the first reduction since May 2020 and the first revision after two-and-a-half years. This was the first MPC meeting of Sanjay Malhotra, who was appointed RBI Governor…

Read More

08

Feb

By The Press Editor

0 Comments

Business

HDFC Bank customers alert: UPI services will not be available on this day

Image Source : HDFC HDFC is conducting essential system maintenance. HDFC Bank customers alert: There is an important update for HDFC customers as its Unified Payments Interface (UPI) services will not be available for a couple of hours due to the scheduled system maintenance.  "We appreciate your understanding and cooperation as we work to enhance the efficiency of our services," the bank said. HDFC Bank customers alert: Scheduled downtime According to the bank, it is conducting essential system maintenance on February 8 2025 from 12 AM to 3 AM and therefore some services will be impacted during these three hours.…

Read More

08

Feb

By The Press Editor

0 Comments

Business

No, food delivery app Zomato is not being renamed

Image Source : PTI Shares of Zomato opened in green today. A lot of people are talking about food and grocery delivery major Zomato changing its name to Eternal. According to the information shared on Thursday, the company's board approved the changing of the name of Eternal.  "Our board has approved this change today and I request our shareholders to also support this change. If and when it is approved, our corporate website will transition from zomato.com to eternal.com. We will also change our stock ticker," Zomato Founder and CEO Deepinder Goyal said in a letter to shareholders. This left…

Read More

08

Feb

By The Press Editor

0 Comments

Business

PSU dividend stock: This company announces interim dividend of Rs 7

Image Source : FREEPIK The company has also announced the payment date. PSU stock to be in focus: Shares of state-owned Oil India Ltd (OIL) will be in focus when markets open on Monday as the company has announced its quarterly results for the quarter ending December 31, 2024 along with an interim dividend. The company has reported a 23 per cent drop in its third-quarter net profit as the price of crude oil produced and sold fell. Oil India dividend: Amount The board of the PSU has recommended an interim dividend of Rs 7 per share for the financial…

Read More

08

Feb

By The Press Editor

0 Comments

Business

New Income Tax Bill likely to be introduced in Lok Sabha next week – India TV

Image Source : PTI Union Finance Minister Nirmala Sitharaman in Parliament. New Income Tax Bill: Finance Minister Nirmala Sitharaman on Saturday said that she may introduce the new Income Tax Bill in the Lok Sabha next week. The new Bill, which will replace the six-decade-old I-T Act, has already been approved by the Union Cabinet, chaired by Prime Minister Narendra Modi, on Friday. "Yesterday, the Cabinet cleared the New Income Tax proposal, I hope to have it introduced in the Lok Sabha in the coming week. Post that it will go to a committee," Sitharaman said in a media briefing…

Read More

08

Feb

By The Press Editor

0 Comments

Business

Infosys lays off over 300 freshers at Mysuru campus for not clearing internal assessment – India TV

Image Source : X Infosys lays off over 300 freshers Infosys has reportedly sacked over 300 freshers after they could not clear internal assessments. The freshers underwent foundational training at company's Mysuru campus and were laid off after failing thrice in the internal exam. Nascent Information Technology Employees Senate (NITES), IT employee union, claims that the numbers of laid off freshers is much higher. As per a PTI report, sources privy to the development said the number of affected freshers is just above 300. Infosys' statement In response to an email query, the Bengaluru-headquartered IT services company said, "At Infosys,…

Read More