The MPC observed that geopolitical developments continue to make the global environment difficult. RBI governor Sanjay Malhotra announced the Monetary Policy Committee’s (MPC) decision to hike repo rate by 25 basis points on Wednesday. Repo rate is the rate at which RBI lends money to banks and it now stands at 5.50%. The rate hike…
Markets will keep an eye on Hormuz-related headlines and oil prices, along with any fresh central bank buying data. Gold price prediction today: While gold prices continue to be supported by central bank buying, the outlook stays cautious, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Below is…
He reported the Rs 65.21 lakh as advance salary in his ITR and sought tax relief under Section 89 of the Income Tax Act. (Image for representative purpose only) You choose to retire early and get money from your company for the VRS. But you mistakenly report it in a wrong way in your income…
Emmys shift from ‘Wheel Deal’ to Amazon Prime The Emmys are leaving their decades-old broadcast TV rotation behind, with Amazon’s Prime Video set to become the awards show’s exclusive global streaming home from 2027.The Television Academy and Amazon announced a six-year agreement on Tuesday that will make the ceremony available live and free to audiences…
Top stocks to buy today on October 7, 2026 Stock market recommendations: Zensar Technologies, Netweb Technologies India, and Nippon India ETF Nifty IT – these are the top stocks and ETFs to buy today on October 7, 2026 as recommended by Mehul Kothari, DVP of Technical Research at Anand Rathi Shares. Let’s take a look:Zensar…
Brent crosses $101 once again Oil prices rose more than 1% on Wednesday, with Brent crude crossing the $101-a-barrel mark as fresh supply risks outweighed rising optimism due to increased Middle East crude supplies.WTI crude rose 1.05% to $90.38 a barrel, while Brent crude gained 1.02% to $101.60 as supply concerns emerged in Saudi Arabia…
Smartphone prices (Image for representation) NEW DELHI: Costlier smartphones are slowing India’s shift to 5G. Rising component costs are driving a comeback for 4G devices as buyers seek better specifications at affordable prices.Shipments of 4G smartphones are expected to grow 3% in 2026 even as the overall market declines, according to Counterpoint Research. Their share…
MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway…
In this case the man who received the cash gifts formalised the transactions through gift deeds and deposited the money into his bank account. (Image for representative purpose only) You get a lot of gifts in the form of cash and you deposit the amount in your bank account. But, what if the Income Tax…
MUMBAI: Private banks’ Q2 FY27 credit and deposit growth got a significant lift from RBI’s concessional dollar-rupee swap facility for FCNR(B) deposits. Banks mobilised billions of dollars and deployed part of the funds through overseas branches, boosting headline balance-sheet growth.The gap between headline and underlying growth was significant. Axis Bank’s advances grew 22.7%, but 18.8%…
