RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared

[ad_1] The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the…

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AI adoption offsets US tariff impact; corporates boost efficiency and cut costs, HSBC sees long-term operational gains

[ad_1] Widespread adoption of Artificial Intelligence (AI) by US corporates could help offset the financial impact of tariffs, HSBC said in a new report, highlighting how technology is driving efficiency and reshaping business operations.The report analysed 44 S&P 500 companies and found that firms achieved median cost reductions of 1.5 per cent, alongside average productivity…

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Jackie Shroff family’s investment pays off: From lakhs to crores- How the Bollywood couple’s Sony TV decision proved to be a bonanza for them

[ad_1] In an industry where star earnings often rise and fall with box-office success, Jackie and Ayesha Shroff’s early bet on television proved to be a defining financial decision. Their timely investment in Sony Entertainment Television’s Indian launch two decades ago turned into their most profitable venture, as reported by Economic Times.Ayesha Shroff, who co-founded…

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Government forms two high-level reform panels: Rajiv Gauba appointed chair; aligned with PM’s Viksit Bharat push

[ad_1] The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously, a distinct committee under Cabinet Secretary TVS Swaminathan is addressing deregulation matters at the state level.One of the Gauba-led committees aims to achieve Viksit…

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Over 20% of Russia’s war-period crude exports! India bought about Rs 13.39 lakh crore in Russian oil; trails China’s Rs 193 billion

[ad_1] India’s imports surpassed both the EU’s ₹105 billion and Turkiye’s ₹71 billion purchases. (AI image) India has been stepping up its crude oil purchases from Russia since the Ukraine war in 2022 – a fact that has become a fresh irritannt in its ties with the US, with American President Donald Trump imposing an…

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Private capex sluggish for FY26; projected at Rs 6.6 lakh crore, below FY25 levels: SBI report

[ad_1] Private capex to decline for FY26, says SBI (AI image) The projected private capital expenditure (capex) for FY26 shows a notable decrease compared to FY25 figures, with potential further reductions due to US tariff impacts, according to a State Bank of India (SBI) analysis.The analysis, cited by ANI, emphasises that while government expenditure has…

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RBI seeks debate on inflation targets

[ad_1] Mumbai: The RBI is re-examining how it targets inflation in its monetary policy. It has however made a strong case for continuing with existing targets. In a discussion paper released on Thursday, the RBI sought public feedback on four questions: should headline or core inflation guide policy; is 4% still the right target; should…

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Nayara Energy navigates EU sanctions: Dark-fleet tankers keep operations flowing; government steps in to protect India’s oil supply

[ad_1] Image used for representative purposes India’s Nayara Energy Ltd., facing EU sanctions, has adapted by utilizing dark-fleet tankers for transport and limiting its crude import options to maintain operations.Indian government has expressed concern about potential disruptions to oil flows affecting national energy security. They have authorised at least one coastal tanker recently to assist…

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