With retail inflation at 5 per cent now and an environment of greater economic stability, how fast should the Reserve Bank of India go in reining in inflation? There are differences of opinion in the Monetary Policy Committee of the central bank.
After selling stocks worth Rs 10,578 crore on Wednesday, FPIs sold stocks of Rs 9,901.56 crore on Thursday, BSE data showed. The selloff was a major reason for the crash in the market this week.
The second largest private sector lender’s standalone net profit increased 39.7 per cent to Rs 9,648 crore.
Parag Desai was a fourth-generation member of the Desai family which manages the businesses of the Wagh Bakri Group, founded by Narandas Desai in 1892.
CEO Dave Calhoun’s remarks were Boeing’s first public acknowledgment of errors since a so-called door plug snapped off the fuselage of a nearly full 737 MAX 9 on Friday, leaving a gaping hole next to a miraculously empty seat.
If the macroeconomic environment worsens, though, the GNPA ratio may rise sharply, the central bank said in its Financial Stability Report (FSR) for June 2023 released on Wednesday.
India already has strong ties with Iraq, particularly in energy trade with Baghdad being a top source of Delhi’s crude oil imports.
Rallying for the fourth straight day, the 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade.
Gold Silver Rates Today (October 27): Gold prices remained unchanged on Friday in India as domestic equities soared, snapping its six-day losing streak.
The fall in wholesale inflation rate is owing to a steep fall in prices of fuel, power, food, base metals and the high base of last year.