BUSINESS
Powell appears more attentive to the possibility of Fed tightening too little
He did not offer clear guidance on upcoming rate decisions, but maintained optionality for additional tightening and emphasised that rates will likely remain elevated until inflation returns to target.
RBI, Centre have reined in inflation; weather plays spoilsport: Experts
India’s central bank, the RBI, acts to control inflation through its monetary policies while the government does that through governance, infrastructure development that brings down the transaction costs and other ways, they added.
Not just tomatoes: Wider range of food items drive 7%-plus inflation
This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher.
PM Modi to address B20 summit on Sunday
B20 Summit India brings policymakers, business leaders and experts from across the world to deliberate and discuss the B20 India Communique.
Govt mulling to relax retirement age of LIC chairman, PSB chiefs
According to reports, State Bank of India (SBI) Chairman Dinesh Khara may get an extension. He had taken charge as SBI chief in October 2020 for three years. As per norms, the SBI Chairman can hold the post until the age of 63. Khara will turn 63 in August next year.
ED attaches Golden Baba's assets worth Rs 1.53 cr in fraud case
The ED initiated PMLA investigation against Golden Baba, in respect to fraud perpetrated by him of providing loans of Rs 5.50 crore to businessmen in Odisha.
India's real estate sector aims for USD 5.8 Trn valuation by 2047: Report
The report "Vision 2047" was unveiled during NAREDCO's 25th Silver Jubilee Foundation Day celebration in Hyderabad in the presence of prominent figures, policymakers, industry leaders, and real estate experts.
China’s Alibaba, South Korea’s Naver launch GPT rival AI models
The two new models, called Qwen-VL and Qwen-VL-Chat, will be open source for researchers, academics and companies worldwide, reports CNBC.
Income Tax Deptartment launches revamped website with add-on features
The newly revamped website was launched by Nitin Gupta, chairman, Central Board of Direct Taxes (CBDT) Nitin Gupta, at the ‘Chintan Shivir’, organised by Directorate of Income Tax (Systems) at Udaipur recently.
FPIs sold stocks for Rs 15,817 cr in Aug
FPI selling which began in early August continues. The consolidated NSDL data shows the August FPI investment through 26th at Rs 10,689 crore.
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