The Reserve Bank on Wednesday announced to hike the benchmark repo rate -- the short term lending rate it charges to banks -- by 0.40 per cent to 4.40 per cent with immediate effect.
The 30-share BSE benchmark dived 980.45 points to 54,721.78 in early trade. The NSE Nifty also declined 300.15 points to 16,382.50.
All three main Wall Street benchmarks -- Dow Jones, Nasdaq and S& 500, surrendered gains made during a relief rally on Wednesday.
According to a CNBC report, Musk has detailed the plans in presentations to possible funders for the takeover.
On what changed since April 8 -- when the last scheduled policy meet decided to maintain status quo -- and May 4, the source said the inflation print at near 7 per cent for March came way above RBI's expectations, and the momentum is likely to continue in April as well.
Assisting its users regarding what to do if your card payment is declined in India, Apple in its one of the support pages under "billing for Apple subscriptions and media products in India payments" addressed the issue.
Against 16,20,78,067 shares on offer, 16,25,35,125 bids were received, making the public issue fully subscribed, as per data on stock exchanges as of 6.24 pm.
Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday.
The Reserve Bank of India in a surprise move on Wednesday (May 4) announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018.
The 30-share BSE benchmark Sensex had jumped 897.77 points or 1.61 per cent to 56,566.80 during the day. But it pared most of the gains and closed just 33.20 points or 0.06 per cent higher at 55,702.23. Similarly, the NSE Nifty inched up 5.05 points or 0.03 per cent to 16,682.65.
Netflix reported a net loss of 200,000 subscribers in the first three months of 2022.
All told, the Fed’s credit tightening will likely mean higher loan rates for many consumers and businesses over time, including for mortgages, credit cards and auto loans. With prices for food, energy and consumer goods accelerating, the Fed’s goal is to cool spending — and economic growth — by making it more expensive for individuals and businesses to borrow.
During the deliberations, the delegation comprising Global CEO of Tata Technologies Warren Harris, President Global HR and IT Pawan Bhageria and others evinced keen interest to set up this unit in the state with a current investment of Rs 250 crore and future investment of Rs 1,600 crore.
The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.
RBI Governor Shaktikanta Das said that all six members of the MPC unanimously voted for a rate hike to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months.
Krishna, who has an undergraduate degree from the Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign, previously was senior vice president of Cloud and Cognitive Software.
RBI hikes repo rate by 40bps hike to 4.40% in an unscheduled policy review citing inflation woes
Sensex and Nifty fell over 2 per cent each soon after RBI announced to hike the repo rate and cash reserve ratio.
On January 31, Tata Steel had announced winning the bid for acquiring 93.71 per cent stake in Odisha-based steel maker NINL for Rs 12,100 crore.
Elon Musk bought Twitter for approximately USD 44 billion approximately (Rs 3,365 crore) last month. He has been suggesting a slew of changes since then to enhance the platform with new features.
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