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RBI cuts key policy rate for first time in 5 years

New Delhi, Feb. 8 -- New Delhi Corporate and retail loans (including home loans) will get cheaper as the Reserve Bank of India's Monetary Policy Committee (MPC) pivoted its policy by cutting the polic... Read More


Bharti Airtel to steer clear of GPU-as-a-service

New Delhi, Feb. 8 -- India's second-largest telco Bharti Airtel will steer clear of offering graphics processing unit or GPU-as-a-service in near term and, instead, look at scaling up its data centres... Read More


HC relief for RCom in 'fraud' case

MUMBAI, Feb. 8 -- The Bombay high court on Friday stayed a Canara Bank order passed in November 2024 classifying the loan account of industrialist Anil Ambani's now defunct Reliance Communications (RC... Read More


M&M shrugs off muted festival sales, rides SUV wave

Mumbai, Feb. 8 -- Mahindra & Mahindra's (M&M) bet on premium sport utility vehicles (SUVs) and the high demand for its SUVs helped it better negotiate the margin squeeze that its peers faced during th... Read More


Need to sell 50,000 EVs per month to be profitable: Ola CEO

New Delhi, Feb. 8 -- Homegrown electric two-wheeler maker Ola Electric will need to consistently sell 50,000 units every month in order to achieve profitability, its founder and chief executive office... Read More


Love for luxury turns India into Rado's biggest mkt

New Delhi, Feb. 8 -- Swiss luxury watchmaker Rado is targeting double-digit growth in India with the country emerging as its No. 1 market by value, as well-heeled consumers in a nation reputed for its... Read More


RBI rate cut: What it means for retail borrowers, banks

Mumbai, Feb. 8 -- The Reserve Bank of India's (RBI) monetary policy committee on Friday delivered a much-anticipated rate cut of 25 basis points, taking the policy repo rate to 6.25%. This is the fir... Read More


Rupee recovers 16 paise from all-time low to 87.43

New Delhi, Feb. 8 -- On Thursday, the rupee plunged 16 paise to close at 87.59 against the dollar (a record low). On Friday, rupee rose about 0.2% to end at 87.43 against the dollar. Overall the curre... Read More


What Zomato's renaming means for biz, investors

Bengaluru, Feb. 8 -- Zomato Ltd's decision to carve out a distinct identity for its parent entity will allow it greater freedom in exploring its ambitions without putting all its eggs in one basket, w... Read More


Separate websites for banks, financial entities from April

India, Feb. 8 -- From April 2025, official bank websites will end with .bank.in and official websites of financial entities will end with .fin.in, the RBI announced on Friday. This will help curb frau... Read More