Business

RBI cuts Repo Rate by 25 Basis Points to 7.75%

New Delhi, Jan 15: The Reserve Bank of India (RBI) on Thursday cut its repo rate by 25 basis points to 7.75 per cent giving huge relief to the borrowers. This is the first reduction in a year that showed the efforts taken by the government to minimise the inflation.

Following the move, the Sensex jumped gained over 600 points to 27,947 and the Nifty jumped over 2 per cent above the 8,450 mark today. The Indian rupee also rose by 46 paise to 61.72 against the US dollar in early trade.

The central bank said that the decision was taken as the inflation was lower than expected, the crude prices were weak also the demand was slow.

Sanitary napkin exempted from GST

New Delhi : Delhi Deputy Chief Minister Manish Sisodia on Saturday said sanitary napkin has been exempted from the Goods and Services Tax (GST).Speaki...

IMG Group comes up with reality based web series "SURVIVORSS"

New Delhi : IMG Group, who has always recognized new and fresh talent and gifted the industry with amazing actors and models, is coming up with a new ...

Enerparc India commissions rooftop solar project for Bharat Fritz Werner

Bengaluru : Enerparc India, a subsidiary of global solar solution provider Enerparc AG is glad to announce the commissioning of 980 kWp solar project ...

Select CITYWALK adds Japanese luxury brand Onitsuka Tiger to its growing portfolio

New Delhi : Introducing the Japanese Luxury Footwear Brand, Onitsuka Tiger, Select CITYWALK, the most popular shopping Centre in Delhi NCR, becomes ga...