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RBI raises policy rates 25 bps to tame inflation as India hurdles growth barriers
The Reserve Bank of India has unanimously decided to increase the benchmark repo rate by 25 basis points. This decision was made amid rising inflation projections and increasing US bond yields. The bank also revised its economic growth forecast for FY27 to 7.1%, indicating strong economic activity. Inflation is expected to reach an average of 5.2% through FY27, affecting consumer prices.
An IIT graduate has sought immediate work and temporary accommodation in Hyderabad after claiming that her father asked her to leave home, leaving her with money for only two to three days. In a Reddit post, she asked about job opportunities, including live-in maid work, and said she was willing to relocate and start immediately. The post sparked discussion about employment challenges faced by highly qualified graduates.
How the EU regulates lobbyists after 2022 Qatargate bribery scandal
Following the 2022 Qatargate bribery scandal, the European Union tightened its lobbying rules in Brussels, where thousands of businesses and industries push their interests to EU lawmakers and officials. - Public agendas - Brussels tightened its lobbying rules after the so-called Qatargate cash-for-influence scandal in 2022, when former EU lawmakers were suspected of taking bribes from Qatar and Morocco.
Nepal in talks with China to reopen Tatopani border point
Kathmandu is engaged in discussions with China to resume operations at the Tatopani border point. The border has remained closed since August due to severe floods and landslides affecting both Nepal and China. Infrastructure Development Minister Sunil Lamsal stated that no issues exist on the Nepali side of the border. However, readiness from the Chinese side to reopen remains uncertain as infrastructure is being restored.
Centre extends West Bengal DGP Siddh Nath Gupta's tenure by 6 months
West Bengal DGP Siddh Nath Gupta received a six-month extension in service approved by the Cabinet. He was originally set to retire on October 31 after previous extensions. The Appointments Committee made this decision based on public interest reasons. Gupta, a 1992-batch IPS officer, was appointed police chief by the Election Commission earlier this year. This extension relaxes rules governing retirement benefits for All India Services.
Four horsemen of economic trouble? RBI governor flags the risks spooking the world
The RBI raised the repo rate 25 bps to 5.50%, its first hike in nearly four years, and shifted its stance to calibrated tightening. Governor Sanjay Malhotra flagged four global risks: West Asia tensions and volatile oil prices, tariff uncertainty, elevated bond yields and stretched AI stock valuations. He said these risks are clouding global sentiment despite resilient growth.
One Dashboard Is Enough: RBI allows account aggregator interoperability
Move seen easing customer acquisition across the financial system pensions, stocks, insurance, loans, or plain-vanilla banking
RBI raises repo rate by 25 points, loan EMIs set to rise; first hike in nearly four years
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent amid global inflation and domestic economic challenges.
Anupam Rasayan eyes US, Europe pharma push after Bliss deal, one-third revenue from drugs
Anupam Rasayan India Ltd anticipates significant growth in its pharmaceutical segment over the next three years. The company expects pharmaceuticals to comprise one-third of overall revenue driven by the acquisition of Bliss GVS Pharma. Anupam's ability to offer integrated contract manufacturing services will facilitate its expansion in the US and Europe. Bliss currently operates at low capacity and presents opportunities for increased utilization.
IMD Update: TN, Coastal AP, Kerala, Maharashtra, Mahe gets rains & thunderstorms
Myanmars withdrawal signal comes as easterlies are forecast to establish over the Gulf of Thailand by October 14, potentially setting the stage for north-east monsoons onset over southern India
Governor Sanjay Malhotra highlighted stronger FDI inflows, $734.6 billion forex reserves and 18.1% bank credit growth, while noting $10.3 billion FPI outflows amid global financial risks.
RBIs hawkish shift signals more rate hikes ahead, say Economists
MPC raises repo rate by 25 bps, changes stance to calibrated tightening; economists see clear signal that easing cycle is over and further hikes of at least 50 bps remain on the table
RBI rate hike: What happens to existing and new fixed deposits? Experts weigh in
The RBI repo rate hike to 5.50% may benefit fixed deposit investors over time. Here is what the rate hike means for existing FDs, new deposits, FD renewals and interest rates.
Bond yields inch up as RBI's MPC changes stance with 25 bps repo rate hike
The benchmark 10-year yield rose six basis points after the RBI raised the repo rate to 5.50 per cent and signalled that future action would be a hike or pause
RBI MPC Meeting 2026: West Asia conflict keeps global outlook uncertain, says Sanjay Malhotra
The Reserve Bank of India has raised the policy repo rate by 25 basis points to 5.50%. This increase is the first since February 2023 amid economic uncertainties both domestically and globally. Geopolitical developments have contributed to instability in global markets, affecting economic activity. Despite these challenges, the RBI noted that the Indian economy remains strong with broad-based momentum.
Stock Markets on Oct 7: Sensex, Nifty Decline as Crude Prices Surge
Indian benchmark indices Sensex and Nifty experienced declines in early trade, ending a two-day rally, driven by a spike in Brent crude oil prices above USD 101 per barrel and investor caution ahead of the Reserve Bank of India's monetary policy decision. Track Sensex, Nifty on October 7.
Actress Kiara Advani is all set to welcome her second child, as she shared the happy news with Sidharth Malhotra and baby Saraayah. She was recently seen in Toxic alongside Yash, Nayanthara and others.
RBI hikes repo rate by 25 basis points to 5.5 pc
Mumbai: After nearly three-and-half years, the Reserve Bank of India on Wednesday, October 7, raised key benchmark policy rate by 25 basis points to 5.5 per cent in a bid to tame rising inflation amid continuing West Asia crisis. With the rate hike, home loans, vehicle loans and corporate loans would become expensive and EMI Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
RBI announces two measures to ease financial information access for users
The RBI will allow interoperability among account aggregators and enable bank deposit details in consolidated account statements, alongside a new financial markets committee
'Monetary Policy Can Bring Inflation To The Target'
'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'
RBI ups GDP and CPI inflation forecasts for FY27 to 7.1% and 5.2%, respectively
While the increase has been predominantly on account of higher inflation in food andfuel groups, core inflation has also picked up indicating some signs of widening price pressures
RBI raises FY27 inflation projection to 5.1% amid higher crude oil prices
NBCC sets Rs 9,620 crore plan to revive 16 stalled Supertech projects
NBCC has launched 25 tenders worth Rs 9,620.33 crore to complete 16 stalled housing projects by Supertech. The National Company Law Appellate Tribunal appointed NBCC as the Project Management Consultant for these developments. Progress has been delayed since the appointment, pending necessary legal approvals. Approximately 50,000 housing units are affected, impacting thousands of homebuyers. Construction is slated to begin on January 16, 2027, after addressing outstanding issues.
RBI hikes repo rate by 25 bps to 5.50% as per market expectations
The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising inflation risks, elevated global yields and resilient domestic growth strengthened the case for tighter monetary policy. The decision by the Monetary Policy Committee marks a shift from its August policy, when it kept the repo rate unchanged at 5.25 per cent and retained a neutral stance while seeking greater clarity on the inflation outlook and growth-inflation balance.
RBI policy highlights: Repo rate rises 25 bps as inflation risks broaden
The RBI raises the repo rate to 5.5% as inflation risks broaden, while keeping its growth outlook firm. Here are the key takeaways from Governor Sanjay Malhotra's statement
Apple is set to ramp up product launches throughout the year. The forthcoming event on October 13 will feature a smart home hub integrated with Siri AI. Additional announcements may include a new HomePod mini and improved Apple TV, plus a potential reveal of a new MacBook Pro and revamped iMacs later this month.
Cpt Smit recovering after attack, embassy says
RBI changes stance to 'calibrated tightening': Here's what it means
The RBI's new calibrated tightening stance signals that further rate hikes remain possible as the central bank responds to inflation and economic risks
RBI opens up Account Aggregator network, making financial data sharing easier for consumers
The Reserve Bank of India has introduced inter-operability among various Account Aggregators to simplify information sharing. Customers will be able to authorize financial data sharing with banks and lenders. This interconnected system eliminates the need for users to switch platforms for different Account Aggregators. The changes are aimed at enhancing convenience and seamless interactions in financial services. Customer consent remains essential for the sharing of financial information between platforms.
RBI MPC hikes repo rate by 25 bps to 5.25%: A look at last five hikes
The RBI MPC has raised the repo rate by 25 basis points to 5.25 per cent. Here is a look at the central bank's five previous rate hikes and the inflation backdrop at the time
RBI MPC Key Takeaways 2026: Repo rate hiked to 5.50%, FY27 GDP growth forecast raised to 7.1%
RBI Monetary Policy 2026 Takeaways: The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, the first increase since February 2023. The GDP growth forecast for FY27 was raised from 6.7% to 7.1%, highlighting resilient economic activity. Meanwhile, CPI inflation projection was revised up to 5.2% due to rising food and fuel prices. The Monetary Policy Committee shifted its stance to calibrated tightening, emphasizing inflation containment.
Vettri Payanam: What is the economic mileage of a free ride?
CM Joseph Vijay seems to have mastered the art of welfare politics by accommodating the gratis within an about 4 lakh crore revenue-spending framework. However, the real test is whether the government can convert 84 lakh daily journeys into measurable gains in female employment, productivity, household income and mobility
Navya Naveli Nanda has launched Naveli Ventures, focusing on supporting startups in innovative and emerging technology sectors. The platform aims to provide financial backing as well as strategic support to founders. Areas of interest include deep technology, space, clean energy, artificial intelligence, advanced manufacturing, and healthcare. Navya has developed this project for some time and is excited to introduce it publicly.
RBI rate hike to raise home, car loan borrowing costs
The Reserve Bank of India increased its policy rate by 25 basis points to 5.50% on Wednesday. Borrowers might face higher monthly installments or extended repayment periods based on loan agreements. The monetary policy committee unanimously adopted a stance of 'calibrated tightening' with future increases possible. External benchmark-linked loans make up 68.2% of outstanding floating-rate rupee loans as of June.
RBI hikes repo rate by 25 bps amid re-escalation of West Asia crisis, high financial mkt volatility
RBI hikes repo rate by 25 bps amid re-escalation of West Asia crisis, high financial mkt volatility
RBI MPC raises FY27 inflation forecast to 5.2%, projects GDP growth at 7.1%
RBI MPC October 2026: At its policy meeting, held between October 5 and October 7, the committee changed the stance to 'caliberated tightening'
India steel ministry unlikely to seek new curbs on cheap imports, government source says
India's steel ministry has decided against new measures to restrict cheap steel imports for now. The country is dealing with increased imports, primarily from China, which have surged significantly. Domestic steelmakers are facing challenges despite existing safeguard duties and high steel prices. Demand has been rising in the automobile and infrastructure sectors after the monsoon season. Yet, the rising imports remain a considerable risk to the margins of steel producers.
RBI Inflation FY2026-27: Malhotra & Co raises inflation forecast to 5.2% for FY27
RBI Inflation 2026-27 Forecast: The Reserve Bank of India has updated its inflation forecast for FY27 to 5.2% from 5.0% previously. This revision comes as retail inflation exceeds the RBI's target for three consecutive months. The rise in crude oil prices and food costs is a significant contributing factor. Additionally, a weaker rupee adds to imported commodity expenses and inflationary pressures. El Nio is also expected to impact food supply, further influencing inflation.
RBI GDP Growth 2026: Malhotra & Co raise FY27 GDP forecast to 7.1% from 6.7%
RBI GDP Growth 2026: The Reserve Bank of India increased its economic growth forecast for fiscal 2026-27 to 7.1%. The adjustment follows stronger-than-expected domestic activity, particularly a remarkable 7.8% growth in the April-June quarter. Despite this optimistic outlook, elevated oil prices and inflation present ongoing challenges to growth. Global institutions like the World Bank and OECD have also raised their forecasts for India.
What Lionel Messi's career teaches us about building long-term wealth: 5 key money lessons
Lionel Messis career with Argentina offers valuable lessons for building long-term wealth. From staying consistent and adapting to setbacks to diversifying income and planning beyond peak earnings, these five money lessons can help investors build stronger financial habits.
RBI Hikes Repo Rate By 25 Basis Points To 5.5% Amid Rising Inflation
The decision - to increase repo rate from 5.25 per cent to 5.5 per cent - was taken unanimously by the monetary policy committee (MPC), which is headed by Governor Sanjay Malhotra.
Using AI to read your insurance policy? Check this
Will FD interest rates rise after RBI repo rate hike?
Kharge calls oppn MPs meet to seek CEC audience
RBI MPC hikes repo rate to 5.5%, changes stance to calibrated tightening
RBI MPC October: The RBI changed the Standing Deposit Facility (SDF) rate to 5.25 per cent
Why many home loan borrowers may see rates go up
RBI Monetary Policy Meeting 2026: The RBI raised the repo rate by 25 basis points to 5.50%, its first hike in nearly four years, as rising oil prices, a weak monsoon and a weaker rupee threaten to push inflation higher. The move was widely expected by economists.
Your one step guide for all MPC decisions
RBI MPC Meeting at a Glance: Your one step guide for all decisions
The Reserve Bank of Indias Monetary Policy Committee will announce its policy decision amid rising inflation risks. Markets expect a 25 basis point increase in the repo rate following four unchanged meetings. The RBI's decision will indicate the beginning of a tightening cycle, which has not occurred since 2023. Inflation pressures from food and oil are significant factors in this policy review.
Rupee falls 10 paise to 96.45 against US dollar ahead of RBI MPC decision
The rupee depreciated 10 paise to 96.45 against the US dollar in early trade on Wednesday ahead of the Reserve Bank of India's monetary policy decision. The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong US dollar holding near multi-month highs above 102 (DXY), forex traders said. Moreover, investors are keenly awaiting the RBI's monetary policy decision for further cues. At the interbank foreign exchange, the rupee opened at 96.37, then lost ground and fell to 96.45, down 10 paise from its previous close. On Tuesday, the rupee settled at 96.35 against the US dollar. We have the RBI monetary policy meeting today, in which the RBI is expected to raise rates by 25 bps with an outside chance of a 50 bps raise. The RBI may also raise the CRR by 1 per cent to 4 per cent to absorb the excess liquidity. We await the RBI stance on the falling rupee which has lost more than 2 per cent in the last 1 month with oil demand and
India's macroeconomic fundamentals indicate strong growth despite the Nifty index losing 13% this year. While industrial production and corporate earnings demonstrate resilience, foreign selling pressures weigh on equities. Upcoming earnings season is crucial as investors assess the impact of input costs on margins. Analysts suggest that the market needs broader economic signals to recover sustainably. Stability in global bond yields and crude oil prices could also influence market sentiment.
Cong can't even win ballots: Himanta after poll win
Gold and silver prices today, 7 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Drishyam 3: The Conclusion box office collection Day 5: Directed by Abhishek Pathak, the movie has already grossed over Rs 250 crore in just five days. The film, starring Ajay Devgn, Tabu, and Shriya Saran, is performing well at both domestic and overseas box offices. With approximately Rs 216.50 crore net in India, it ranks fifth among highest-grossing Bollywood films of 2026. Read on!
Mumbai-Navi Mumbai Flight Shift Put On Hold
The process agreed on Tuesday will require MIAL to first build stakeholder agreement on the transition before taking the plan through the regulatory approval process.
Festive dispatches keep truck rentals firm on major routes
Trends signal resilient economic momentum, anchored by steady freight activity that held truck rentals firm on the major trunk routes and kept them above year-ago levels on every route tracked
Dancing with the Stars: Live! will return to North America in 2027. The tour begins in Manchester, New Hampshire, on January 21. The schedule includes stops in Toronto, New York, Los Angeles, Las Vegas and other major cities. Tickets are scheduled to go on sale October 13.
India and US trade deal still have a few stubborn cards to play: Fitch unit
Negotiations between India and the US have encountered significant sticking points affecting market access and agriculture. US Trade Representative Jamieson Greer noted the identification of all key issues during talks. Finance Minister Nirmala Sitharaman mentioned that negotiations have reached a plateau with limited opportunities for further concessions. India is advocating for more preferential access for its exports. Meanwhile, Washington seeks increased access to the Indian market, especially in agricultural sectors.
Let commissions fall: Why we should welcome the Irdai reforms
Irdais proposed commission reforms are a step forward, but better claims data are needed to ensure consumers can judge not just what insurance costs, but what it delivers.
In Michael Douglas latest memoir, One Helluva Ride, the actor takes readers on a journey through his stellar six-decade career. He opens up about his past affairs with Jeanne Tripplehorn and Kathleen Turner, revealing secrets held for years. The memoir further investigates his relationship with Catherine Zeta-Jones. Read on!
RBI MPC Meeting Oct 2026 Live: Will the RBI increase repo rate?
A businessline poll of bank economists points to a 25 basis point hike to 5.50 per cent on Wednesday the first increase since February 2023 as firmer inflation, costly crude and a weak rupee end the pause
A Ted Lasso Season 5? Fans of the popular series Ted Lasso are curious about a possible fifth season following an emotional finale. Tanya Reynolds, who portrays Coach Alice, mentioned the potential for character development in future stories. While the show has not yet been renewed, the cast is optimistic and excited. Reynolds suggested exploring a flashback to the characters' past rivalry. There is currently no confirmed release date, but hopes for continuing narratives remain.
A Telangana retired professor waited nearly 12 years for his pensionary benefits after taking voluntary retirement. The Telangana Human Rights Commission has now directed NIMS to settle his dues within three weeks.
Bangaldesh's nuclear moment at Rooppur
The Reserve Bank of India is set to announce its monetary policy decision on Wednesday, with economists divided over whether the Monetary Policy Committee will raise the repo rate immediately or wait until December, even as most expectations point to a tightening cycle of up to 75 basis points amid rising inflation risks and global uncertainty. The MPC's three-day meeting, being held from October 5 to 7, comes after it kept the repo rate unchanged at 5.25 per cent in August and retained a neutral stance, citing the need for greater clarity on the inflation outlook and evolving growth-inflation dynamics. Ahead of Wednesday's decision, Crisil Chief Economist Dharmakirti Joshi has backed an immediate rate increase, while Bank of Baroda Chief Economist Madan Sabnavis expects the RBI to pause for one more policy before beginning a tightening cycle from December.
From looms to listings: SME textile companies stitch their growth path through IPOs
Working capital needs, capacity expansion and a push towards value-added products drive many textile companies to the public markets
Vote Chori Protests: Police behavior towards Priyanka, Rahul Gandhi unacceptable, says Raja Warring
Louis Vuitton goes sheer and fluid for a hotter world
Nicolas Ghesquiere showcased a spring/summer 2027 collection that highlights the impact of climate change on fashion. The collection features lightweight fabrics and streamlined silhouettes to adapt to warmer temperatures. Ghesquiere emphasized the complexity of creating light garments while maintaining functionality and relevance. Celebrity guests, including Felix and Brigitte Macron, attended the show, which featured minimalist designs with limited monogram use.
Captain Smit Machchhar sustained serious injuries during an attack by co-pilot Hammam al-Hammami in the cockpit. He suffered a depressed skull fracture that required emergency surgery for his recovery. After initial treatment in Saudi Arabia, he was transferred back to the UAE for further care. The Indian embassy has reported ongoing support and monitoring of his health. Machchhar's situation reflects a significant and challenging incident aboard the aircraft.
Families of some US troops killed in the Iran war's deadliest strike absent from White House event
At a recent White House gathering, relatives of servicemen who fell in the Iran war came together to honor their ultimate sacrifice and air their frustrations. A significant number are upset about the unresolved inquiries regarding the deadly March 1 drone strike that left six soldiers dead. The ceremony honored around 40 fallen heroes, yet many families lamented the lack of timely invitations, leaving several feeling excluded.
8th Pay Commission Bengaluru meeting today: 5 latest updates central govt employees need to know
The 8th Pay Commission begins its meetings in Bengaluru today. Here are the five latest updates on consultations, fitment factor, salary, allowances and pensions, and what central government employees and pensioners should know about the ongoing process.
Chhattisgarh CM Sai secures Rs 43,600 crore FDI commitments from Singapore
Chhattisgarh's Chief Minister Vishnu Deo Sai successfully attracted INR 43,600 crore in foreign direct investment from Singapore. During the visit, an AI-ready data centre campus commitment worth INR 41,750 crore was secured. Additionally, a skilling MoU was signed with ITE Education Services to enhance vocational training. The Chief Minister engaged with various global leaders to discuss investment opportunities and partnerships.
Israel marks 3 years since Hamas' Oct 7 attack
US trade deficit widens to $105.6 billion in August as imports jump; India deficit at $6.2 billion
Despite the monthly widening, the cumulative deficit through August remained below the corresponding period of 2025, declining 19.9 per cent
Nobel Peace Prize haunted by the 'spectre' of Trump
Chinas independent refiners look beyond Iran
Tatas Jaguar bets 130,000 on an electric comeback
India, Norway deepen green, Arctic partnership
A Jaipur ITAT ruling offers relief to taxpayers making large cash payments from bank withdrawals. The tribunal said every credit-card payment need not be matched to a specific withdrawal if the taxpayer can establish the source and availability of the cash.
This weeks South Indian OTT lineup covers quite a range. Mandaadi is for viewers looking for sports and action, while Pradhama Drishtiya Kuttakkar and Eyes bring investigative and psychological stories. Least Eligible Bachelor offers a lighter take on marriage pressure, while Epic First Semester focuses on romance and life away from home. Read on to know when and where to watch these OTT releases.
Trump to call Putin over mystery illness in Russia
The October OTT lineup has something for different moods. Spider-Man: Brand New Day and Insidious: Out of the Further cater to franchise fans, while Reporting Live and Animals bring darker thrillers. Mandaadi and Epic First Semester add regional stories to the mix, while Take Charge of My Heart offers a lighter Korean romance with a supernatural twist. Read on to know when and where to watch them on OTT.
ANALYSIS-Vietnam's banks tap investors for $7 billion as economy runs red hot
Vietnamese banks are planning nearly $7 billion in share sales as
Garuda Aerospace lands $10 million pre-IPO funding
Prosus steps up India fintech bets
ElevenLabs hears a global tune in Indian AI
Fyodor Dostoevskys quote of the day from The Brothers Karamazov explores the complicated relationship between falling in love and truly loving someone. Through Dmitri Karamazovs troubled confession, the Russian novelist explores how intense attraction can exist alongside anger, bitterness and even hatred. The quote offers a glimpse into Dostoevskys deeper exploration of human emotions, morality and inner conflict.
The carrier will refurbish all 12 of its A380 aircraft, introducing a new business-class cabin that spans the entire upper deck. British Airways has described it as the worlds biggest business-class cabin.
Neil Patrick Harris' home with a secret office sold
Why charging for UPI changes the math
If 100 collected in MDR causes more than 100 of economic value to disappear elsewhere, the payment system ends up better funded and the country poorer
