Highlights of RBI’s monetary policy statement
Following are the highlights of the second bi-monthly monetary policy announced by the RBI on Thursday:
Repo rate reduced by 25 bps to 5.75...
RBI lowers economic growth forecast to 7 pc for FY20
The Reserve Bank of India Thursday lowered the economic growth forecast for the current fiscal to 7 per cent due to slowdown in domestic...
RBI cuts interest rates for third time this year to boost growth
Slashing benchmark lending rates for the third time this year, the Reserve Bank of India cut its repo rate by 0.25 per cent Thursday...
JLR and BMW to jointly develop next-gen electric vehicles
Tata Motors-owned Jaguar Land Rover on Wednesday said it has joined hands with BMW to develop next generation electric drive systems.
The collaboration seeks to...
FDI in services sector up 37 pc in 2018-19
Foreign direct investment in services sector grew 36.5 per cent to USD 9.15 billion in 2018-19, according to the Department for Promotion of Industry...
