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Prosenjit, Dev write to CM as Hindi films push Bengali movies out of prime-time

KOLKATA, Aug. 6 -- Imagine being one of the biggest stars and producers in Bengali cinema, a popular MP from the ruling party, and close to the CM, yet still having to fight for prime-time shows for y... Read More


August MPC: A balanced policy that did not yield a rate cut

New Delhi, Aug. 6 -- The Reserve Bank of India's latest monetary policy decision was broadly balanced. RBI's monetary policy committee (MPC) clearly outlined both the upside and downside, signalling a... Read More


Bank credit down because corporates using bond market to raise funds: RBI

Mumbai, Aug. 6 -- Corporates are increasingly relying on the bond market to raise funds as the transmission of policy rate cuts is faster in the money market compared to banks, Reserve Bank of India (... Read More


RBI holds Repo Rate at 5.5 pc, takes neutral stance on growth and inflation dynamics

New Delhi, Aug. 6 -- The Reserve Bank of India's six-member Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 5.50 per cent following its three-day meeting held on ... Read More


RBI retains India's GDP growth forecast at 6.5% for FY 2025-26

Mumbai, Aug. 6 -- The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. ... Read More


Sanwo-Olu renews push for special status for Lagos

Nigeria, Aug. 6 -- Lagos State Governor Babajide Sanwo-Olu has once again called for the designation of Lagos as a Special Status State, citing the city's strategic economic importance and the enormou... Read More


'Global risks, core inflation prompt RBI to hold rates'

Mumbai, Aug. 6 -- Reserve Bank Governor Sanjay Malhotra said continuing global uncertainties, frontloading of interest rate cuts, and uptick in core inflation prompted the central bank to opt for the ... Read More


RBI to simplify claim process for accounts and lockers

Mumbai, Aug. 6 -- Reserve Bank Governor Sanjay Malhotra on Wednesday said the central bank will standardise the claims settlement procedure for bank accounts and lockers. This is aimed at simplifying... Read More


Sensex falls by 160 points amid sell-off in IT, healthcare shares

Mumbai, Aug. 6 -- Falling for the second day, benchmark BSE Sensex declined by 160 points on Wednesday due to selling in IT and healthcare shares amid the RBI policy decision to keep the key interest ... Read More


OpenAI may become most valuable private tech firm with 500 billion valuation

Bangladesh, Aug. 6 -- OpenAI, the company behind ChatGPT and a leader in the rapidly expanding field of artificial intelligence, is reportedly in early-stage discussions for a new stock sale that coul... Read More