Markets trade higher as RBI cuts policy rate by 25 bps

Markets trade higher as RBI cuts policy rate by 25 bps

Friday, 07 February 2025 | PTI | Mumbai

Benchmark indices Sensex and Nifty were trading in the positive territory on Friday after the RBI under new Governor Sanjay Malhotra cut interest rate for the first time in nearly five years. The 30-share BSE benchmark Sensex traded 233.96 points higher at 78,290.08 in the late morning trade. The NSE Nifty...

RBI Governor to announce rate decision today

Friday, 07 February 2025 | PTI | Mumbai

New RBI Governor Sanjay Malhotra, who is chairing his first Monetary Policy Committee (MPC) meeting, will announce the decision of the six-member panel on Friday morning, amid widespread expectations of 25 basis points reduction in interest rate after a gap of nearly five years. The Reserve Bank of India (RBI) had...

SBI Q3 profit surges 84 pc to Rs 16,891 cr

SBI Q3 profit surges 84 pc to Rs 16,891 cr

Thursday, 06 February 2025 | PTI | New Delhi

The country's largest lender SBI on Thursday reported an 84 per cent jump in standalone net profit to Rs 16,891 crore in the December quarter. State Bank of India (SBI) had earned a standalone net profit of Rs 9,164 crore in the year-ago period. The bank's total income rose to Rs 1,28,467...

Swiggy shares tumble nearly 8 pc; hit 52-week low as Q3 loss widens

Swiggy shares tumble nearly 8 pc; hit 52-week low as Q3 loss widens

Thursday, 06 February 2025 | PTI | New Delhi

Shares of food and grocery delivery major Swiggy on Thursday dropped nearly 8 per cent after the firm reported widening of consolidated loss to Rs 799.08 crore for the third quarter ended December 31, 2024. The stock declined 7.43 per cent to Rs 387 -- its 52-week low level -- on...

Bombay HC to hear Skoda Volkswagen's plea against USD 1.4 bn tax notice on Feb 17

Bombay HC to hear Skoda Volkswagen's plea against USD 1.4 bn tax notice on Feb 17

Wednesday, 05 February 2025 | PTI | Mumbai

The Bombay High Court on Wednesday said it would hear on February 17 a plea filed by Skoda Auto Volkswagen India challenging the tax demand of USD 1.4 billion by Indian customs authorities. The Volkswagen group, currently led in the country by Skoda Auto Volkswagen India, has been accused of deliberately...

Markets trade higher in early trade on fresh foreign fund inflows

Markets trade higher in early trade on fresh foreign fund inflows

Wednesday, 05 February 2025 | PTI | Mumbai

Benchmark indices Sensex and Nifty began the trade on a positive note on Wednesday amid fresh foreign fund inflows and a firm trend in the US markets. The 30-share BSE benchmark Sensex climbed 151.6 points to 78,735.41 in early trade. The NSE Nifty went up by 68.05 points to 23,807.30. From the...

Shein India to keep data local, partner with Reliance Retail for sales

Shein India to keep data local, partner with Reliance Retail for sales

Wednesday, 05 February 2025 | PTI | new delhi

The new Shein India application, which went live last Friday, has products which are manufactured, marketed and sold only by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. Nextgen manufactures these products on the Shein India platform through a wide network of Indian manufacturers, in which most...

Inbrief

Wednesday, 05 February 2025 | Agencies

POWERGRID posts PAT of Rs 3,862 crore for Q3 FY25 on Consolidated Basis New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna' CPSE has announced unaudited financial results for the quarter and nine months ended 31st December 2024. The company has reported PAT and total income of Rs 3,862...

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