India recorded 6X jump in production, 8X rise in exports over 11 years in electronics manufacturing: Jitin Prasada

New Delhi, Dec 5 (UNI) India has emerged as a major global hub for electronics manufacturing, recording a sixfold jump in overall production and an eightfold rise in exports over the past eleven years, said Jitin Prasada, union Minister of State for....

RBI policy repo rate reduction will strengthen India’s growth trajectory and domestic production: PHDCCI

New Delhi, Dec 5 (UNI) Appreciating the decision of the RBI Monetary Policy Committee to reduce the repo rate, President of PHDCCI Rajeev Juneja said that the decision will "support the growth momentum" in the economy.
Juneja said, “This....

RBI Governor emphasises need for banks, NBFCs to place customers at centre of operations

New Delhi, Dec 5 (UNI) The Reserve Bank of India (RBI) Governor Sanjay Malhotra, on Friday, while announcing the Monetary Policy Committee (MPC) decision, emphasised the need for banks and non-banking financial companies (NBFCs) to place customers at....

Real estate sector hails RBI’s rate cut, expects it to raise housing demand

New Delhi, Dec 5 (UNI) The real-estate sector on Friday reacted with clear optimism to the Reserve Bank of India’s 25-basis-point repo rate cut, seeing it as a timely catalyst that could unlock fresh buying momentum and deepen investor participation....

RBI cuts repo rate by 25 basis points to 5.25 percent

Mumbai, Dec 5 (UNI) The Reserve Bank of India (RBI) released its bi-monthly monetary policy here on Friday after the Monetary Policy Committee (MPC) concluded its three-day review process which began on Wednesday with an RBI panel led by RBI Governor....

EEPC India applauds timely policy support for export sector

New Delhi, Dec 5 (UNI) Pankaj Chadha of Engineering Export Promotion Council India (EEPC India) welcomed the Reserve Bank of India’s (RBI) move to cut the policy repo rate by 25 basis points to 5.25%, calling it “in line with expectations.” see more..

RBI-MPC's decision to bolster investment

Chennai, Dec 5 (UNI) With the economy growing and inflation on the retreat, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision to cut the repo rate by 25 basis points (bps) to 5.25 percent has been widely welcomed by....

RBI unanimously decides to reduce repo rate to 5.25 pc maintaining neutral stance

Mumbai, Dec 5 (UNI) The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday unanimously decided to reduce the repo rate by 25 basis points to 5.25 percent with immediate effect, while retaining a 'neutral' monetary stance.
RBI....

Mumbai, Dec 5 (UNI) RBI Governor Sanjay Malhotra said that India’s real GDP recorded a six-quarter high growth of 8.2% in Q2, driven by resilient domestic demand amid global trade and policy uncertainties.
On the supply side, real GVA (Gross....

VinFast to expand into electric buses and scooters

Chennai, Dec 4 (UNI) Vietnam’s electric car maker VinFast has decided to invest USD 500 million in Thoothukudi in Tamil Nadu, to develop new dedicated workshops and production lines for electric buses and e-scooters, covering manufacturing, assembly,....

MOIL achieves best-ever Nov production and sales

New Delhi, Dec 4 (UNI) MOIL Limited has achieved its highest-ever November production and sales, marking a significant milestone in the company's operational performance.
MOIL recorded 1.65 Lakh Metric Tonnes (LMT) of manganese ore production....

JSW Steel Announces Rs 15,750 cr JV with Japan's JFE Steel

Mumbai, Dec 4 (UNI) JSW Steel Ltd officially announced a joint venture with Japan’s JFE Steel worth Rs 15,750 crore, according to a stock exchange filing.
As part of the deal, Bhushan Power and Steel’s integrated steel facility in Odisha will....

Stock market cuts some gains in highly volatile session, eyes now on RBI MPC announcement

New Delhi, Dec 4 (UNI) The Indian stock market on Thursday cut some of the gains in a highly volatile session. Profit booking pulled the indices off their intraday highs as the Sensex slipped about 200 points from its peak, while the Nifty fell below....

Indian customs play integral role in safeguarding economic activity: DRI

New Delhi, Dec 4 (UNI) In FY 2024-25, DRI effected 134 NDPS seizures, recovering 11,112.31 kg of narcotic drugs and psychotropic substances including 66.42 kg of cocaine, 22.85kg of heroin, 198.42 kg of methamphetamine, 198.44 kg of mephedrone, 47.34....

India and Russia share historical and time-tested relationship: PHDCCI

New Delhi, Dec 4 (UNI) India's long-standing partnership in energy and defence with Russia, and its vibrant cultural ties continue to open new doors for innovation and industry, with both sides eyeing a USD100 billion bilateral trade target by 2030.....