New RBI Governor Sanjay Malhotra takes measured tone with first rate cut

India’s new central bank governor cut interest rates for the first time in almost five years to help spur a slowing economy, providing a measured tone that disappointed some investors seeking more proactive steps.All six members of the Reserve Bank of India’s monetary policy committee, chaired by Governor Sanjay Malhotra, voted unanimously to lower the … Read more

India may cut more import taxes as manufacturing picks up speed

India will continue to bring down tariffs and phase out additional levies on imports as domestic manufacturing improves, a top finance ministry official said, ahead of Prime Minister Narendra Modi’s visit to the US. “We will soon start stakeholder consultations with ministries on whether rates can be lowered further without impacting the industry,” Sanjay Agarwal, … Read more

RBI expected to cut interest rates for first time in nearly five years

  The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years this Friday on waning concerns about stubborn inflation, economists and investors polled by ET said, as Mint Road’s priority changes to helping a visibly slowing economy accelerate.Nine of the 12 financial institutions polled believe … Read more

Facebook owner Meta reports blockbuster Q4 numbers, earns massive $20.8 billion in profits; here’s what Mark Zuckerberg said

The parent company of Facebook and Instagram, Meta Platforms Inc posted blockbuster fourth-quarter results but cautioned that its capital expenditures will increase in 2025, as per reports. The capital expenditure is expected to rise due to its investment in generative AI technology. Financial results Meta’s net income rose 21% in the fourth quarter to $20.8 … Read more

Sammaan concludes Rs 1300 cr QIP to marquee investors

The erstwhile promoter Sameer Gehlaut is already out of the Company since June 2023. The Company’s ownership was significantly (about 33%) controlled by institutions as at December 31, 2024. To further the revival/ growth of the business, Company has now concluded a QIP raise of Rs 1,300 cr. QIP has been done at a price … Read more