RBI raises FY25 inflation estimate to 4.8 pc; food price pressures to keep CPI elevated in Q3
The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December quarter. Consumer price index (CPI)-based inflation increased sharply in September and...
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RBI sharply cuts GDP growth forecast to 6.6% for FY25
06 December 2024 | PTI -
DRI report reveals rise in commercial fraud, FTA misuse worth Rs 1,427 Crore in 2023-24
06 December 2024 | Rajesh Kumar -
Inbrief
06 December 2024 | Agencies -
Rupee rises three paise to close at 84.72 against US dollar
06 December 2024 | PTI -
Gold climbs Rs 300 to reclaim Rs 79k-mark, silver continues to shine for third day
06 December 2024 | PTI -
Sebi mulls revising requirement on settlement of account of clients' funds
06 December 2024 | PTI -
India awarded for social security good practices
06 December 2024 | PTI
Finance Minister to begin pre-Budget consultation from Friday
Finance Minister Nirmala Sitharaman will start pre-Budget consultations with various stakeholders beginning Friday as part of Budget making exercise. The first meeting as part of this series will be held with eminent economists on December 6. Sitharaman, who will chair these meetings, will seek their inputs regarding upcoming Budget amid seven-quarter low...
Amazon Web Services commits USD 100 million in cloud credits for underserved students
Amazon Web Services (AWS) on Thursday said it is committing up to USD 100 million in cloud credits over the next five years to help eligible educational institutions and underserved students worldwide develop and scale digital learning solutions. The programme, a part of AWS Education Equity Initiative, will grant recipients cloud...
Government open to explore alternative financing models for MSMEs: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to share specific issues they are facing in accessing bank credit and suggested that the government is open to exploring alternate financing models for MSMEs. He also said the ministry can earmark particular areas in the proposed industrial townships for...
India pushes for fast-tracking special safeguard mechanism at WTO
India has pitched for fast-tracking negotiations in the WTO on special safeguard mechanism (SSM), which would allow developing countries to temporarily raise tariffs on agricultural imports in response to import surges or price drops, an official said. The country flagged the issues during a meeting of a committee on agriculture issues...
OnePlus to invest Rs 6,000 cr in India biz over next 3 years
Chinese smartphone maker OnePlus on Thursday said it plans to invest up to Rs 6,000 crore in its India business over the next three years. The company plans to make the investment in tranches of Rs 2,000 crore annually for the next three years under 'Project Starlight'. "OnePlus on Thursday announced an...
We are open to idea of alternate financing models for MSMEs: Goyal
Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to share specific issues they are facing in accessing bank credit and suggested that the government is open to exploring alternate financing models for MSMEs. He also said the ministry can earmark particular areas in the proposed industrial townships for...
Rubrik unveils Annapurna: Single API service for building generative AI applications
Rubrik, Inc. (NYSE: RBRK) on Wednesday announced Rubrik Annapurna, a single API service for customers building generative AI (Gen AI) applications, which will integrate with Amazon Bedrock. Rubrik Annapurna is designed to enable fast access to secure data embeddings from Rubrik Security Cloud, which spans enterprise-wide data and metadata across on-premises,...
