India’s real estate industry hailed the Reserve Bank of India’s decision to reduce the key interest rate by 25 basis points on Friday, saying this rate cut will have a positive impact on the overall sector, making home loans more affordable and increasing demand for housing. “With lower interest rates, we expect to see increased
Flexi cap funds have emerged as a popular choice among investors looking for diversified investment options within the mutual fund space. Flexi cap funds have become a preferred choice for retail investors, in particular, as most funds under this category have delivered amazing returns across time horizons. If we see the Amfi’s December data, 79.49%
The newly appointed RBI Governor, Sanjay Malhotra, on Friday cautioned banks against mis-selling of products and said any violation in this regard will be taken “very seriously”. In his post-MPC meeting presser, the RBI governor came down heavily on regulated financial entities, including banks and insurance companies, many of whom have been accused of mis-selling
In line with expectations, the RBI in its first MPC meeting after the Budget on Friday decided to reduce the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years, following a prolonged cycle of rate hike and stability triggered by global uncertainties. This came in the backdrop of
Newly appointed RBI Governor Sanjay Malhotra on Friday announced a 25-bps repo rate cut, giving much-needed relief to home and other loan borrowers who have long been waiting for their respective banks to slash rates. It, however, has to be seen how banks respond to RBI rate cut and whether they pass on this benefit
In a widely-anticipated move, the Reserve Bank of India (RBI) has announced a 25-basis point (bps) reduction in the repo rate, marking a significant step to ease borrowing costs and stimulate economic growth. The decision, unveiled by RBI Governor Sanjay Malhotra on Friday, February 7, follows extensive deliberations by the Monetary Policy Committee (MPC). The
The Reserve Bank has cut the repo rate to 6.25% — the interest rate at which the central bank lends money to commercial banks — for the first time in nearly five years. The 25 basis points (bps) reduction aims to improve liquidity in the economy. While the rate cut may prompt banks to lower
The Employees’ Provident Fund Organisation (EPFO) has processed a record 50.8 million claims in the current financial year so far, which is 14.1% more than 44.5 million claims settled in FY24, an official release said. You still need EPF, NPS, insurance In FY25 so far, the claims processes are for a sum of more than
To facilitate the early encashing of Sovereign Gold Bonds (SGBs), the Reserve Bank of India (RBI) has announced the dates for premature redemption of these securities for buyers between April and September 2025. In a circular dated February 21, 2025, the RBI also shared the process for investors who want to redeem their SGBs early.
Manappuram Finance Ltd on Monday issued clarification on media reports regarding a potential $1 billion deal with Bain Capital, saying that there is no information available which requires disclosure under SEBI’s Listing Regulations. In a regulatory filing, the company said, “We have taken note of the captioned news item, and confirm that currently there is
The brokerage firm CLSA believes Tesla’s potential entry into India could accelerate the premiumisation of the car market. According to the brokerage firm, Tesla which is likely to enter the Indian markets, is unlikely to pose a significant challenge to the domestic players in the country like Maruti Suzuki, Hyundai, Tata Motors, and Mahindra &
Global brokerage firm CLSA has identified Zomato and Persistent Systems as potential multibagger stocks, indicating a significant growth over the next few years. While Persistent Systems is expected to more than double or even triple in five years, CLSA sees Zomato’s Quick Commerce arm, Blinkit, as a key long-term growth driver. Zomato: Blinkit’s growth to
The weekend was abuzz with the annual Berkshire Hathaway meeting and Warren Buffett‘s letter to shareholders of Berkshire Hathaway. While the letter encompassed developments and investment approach for the Group through the year, there are some key highlights like Buffett’s perspective on Berkshire’s cash levels and the present investment bias. Here are the key takeaways
