Tag: IDFC First Bank

WTO director-general Ngozi Okonjo-Iweala NEW DELHI: Artificial Intelligence (AI) could lead to significant increases in trade and GDP by 2040, with global trade projected to rise by 34-37% across different scenarios, a report released...
Despite being outvoted, Miran’s dissent grabbed headlines. His rate-path projection, which implied another 125 basis points of cuts by year-end, was the most aggressive forecast among Fed officials, catching the attention of analysts and investors. Source...

Festive GST bonanza may cool India’s inflation by up to 90 bps

Around one-fourth of items, mostly essential and household goods, in India’s inflation basket will be taxed at 5% following the goods and service...

India opts for golden hedge, cuts treasury-bill share in forex kitty

Mumbai: India’s central bank has preferred to increase its gold holdings over US Treasury bills to bolster foreign exchange reserves, showed the latest...

SBMC receives RBI nod for 25% stake acquisition in Yes Bank, not to be classified as promoter

Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up...

Three out of six members on RBI’s monetary policy committee acknowledged space for August rate cut: MPC Minutes

Three of the six members on the central bank’s monetary policy committee (MPC), which two weeks ago unanimously voted to keep rates unchanged,...

IDFC First Bank to give choice of Rupay, Mastercard in Indigo co-branded card

MUMBAI: IndiGo and IDFC FIRST Bank have launched a co-branded credit card that will be available on both Mastercard and RuPay...

Growth to get lift, boost for demand after GST rationalisation, say economists

Domestic demand will get a boost after goods and services tax (GST) rationalisation, economists said, providing support to the economy that’s seen likely...

Online prices in 12 cities to be monitored for new CPI series

New Delhi: The government has identified 12 cities with a population of more than 2.5 million each to monitor e-commerce price trends as...

Rate cut expected, RBI’s views in focus with economy near a sizzle

Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing...

India GDP growth likely accelerated in March quarter on rural demand, state spending

India's economic growth likely picked up pace in the January-March quarter, buoyed by stronger rural demand and higher government spending, even as private...

RBI FY25 Payout to govt may jump 50 per cent

Mumbai: The Reserve Bank of India's (RBI) central board of directors is likely to meet on May 23 for an annual review of...

Market Trading Guide: Bharat Electronics, Birlasoft are among 5 stock recommendations for Tuesday – Stock Ideas

Indian frontline indices ended with strong gains on Monday reacting to the ceasefire between India and Pakistan on Saturday along with a tariff...

RBI forex income expected to rise, lift payout to government

The Reserve Bank of India likely earned a higher income from the deployment of foreign exchange reserves in FY25 compared with the previous...

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