ADB Cuts India Growth Forecast to 7.2% for FY23, Sees Higher Inflation
On Thursday, the Asian Development Bank (ADB) cut India’s growth forecast for FY23 to 7.2% from 7.5% earlier, citing higher-than-expected inflation since April and subsequent...
Tag : RBI
IndusInd Bank Q1 Net Up 64% to Rs 1,603 Crore on Surge in Net Interest Income
On Wednesday, IndusInd Bank reported that its standalone net profit for the first quarter of fiscal 2023 rose 64.4% year-on-year to Rs 1,603.29 crore, driven...
IndusInd Bank’s Board Approves Fundraise of Up to Rs 20,000 Crore
On Monday, IndusInd Bank of India said its board had approved a private placement of bonds to raise Rs 20,000 crore. The private-sector bank said...
Pay GST on Pre-Packed, Labelled Food, Hospital Rooms Above Rs 5K from Monday
With the GST Council decision taking effect from Monday, customers will have to pay 5% GST on pre-packaged, labelled food items, in addition to wards...
Yes Bank Picks JC Flowers to Acquire $6 Billion Bad Loans
The board of Yes Bank Ltd has selected JC Flowers Asset Reconstruction Co as a joint venture partner to purchase a non-performing loan of 48,000...
HDFC Looks to Expand Foreign Lending to $1 Billion as RBI Eases ECB Rules
The country’s largest mortgage lender, Housing Development Finance Corporation, is set to become the first Indian borrower to benefit from the Reserve Bank’s increased external...
Malpani Group Acquires Majority Stake in Imagicaaworld Entertainment
On June 24, Maharashtra-based amusement park business leader Malpani Group said it had acquired a majority stake and control of rival Imagicaaworld Entertainment Ltd through...
World Bank Cuts India’s FY23 GDP Forecast to 7.5%
On Tuesday, The World Bank downgraded India’s real GDP growth forecast for the fiscal year 2022-23 (FY23) to 7.5% from 8% amid inflationary pressures, supply...
RBI Raised Retail Inflation Forecast for FY23 by 6.7%
On Wednesday, RBI Governor Shaktikanta Das said that Inflation in India is likely to hover around 6.7% this fiscal year, up from 5.7% previously. The...
Government To Release 2021-22 GDP Figures Wednesday
The government will release Gross Domestic Product (GDP) growth figures for the full financial year for the 2021-22 quarter and tomorrow, 31 May 2022. Amid...