RBI has put curbs on Paytm Payments Bank for accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.
The RBI announced its decision to keep the repo rate unchanged for the sixth consecutive time at 6.50 per cent.
The real GDP growth for FY25 is forecast at 7 per cent, with growth rates of 7.2 per cent and 6.8 per cent expected in the June and September quarters.
The monetary policy committe led by Shaktikanta Das has kept the repo rates unchanged at 6.50 per cent.
The Sensex rose by 321.42 points while the Nifty increased by 80.55 points.
Joshi said that the reserve bank must have taken the action in the overall interest of the consumer and the economy.
The RBI has kept the repo rate steady at 6.50 per cent over the past year, last raising it in February 2023 from 6.25 per cent.
Nestle's domestic sales increased by 8.86 per cent to Rs 4,421.79 crore, driven by pricing and mix growth, particularly notable in e-commerce and out-of-home channels.
According to Anupriya Patel, Union Minister of State for Commerce and Industry, trade through land routes has been halted by Pakistan, but transactions continue via sea and air routes.
Oil companies have refrained from adjusting petrol, diesel, and cooking gas prices for nearly two years, leading to losses when input costs were higher and profits when raw material prices were lower.
The company posted a consolidated profit after tax of Rs 229.94 crore, an increase of 54.6 per cent from the year-ago period.
The issue has a primary share sale of Rs 462 crore at the upper end of the price band, with the remaining Rs 108 crore as an offer for sale.
Shares of One97 Communications opened at Rs 461.30, surpassing the previous day's closing price of Rs 451.60.
The Sensex rose by 317.43 points, or 0.44 per cent, while the Nifty rose by 113.30 points, or 0.50 per cent.
Reliance Group holds the second position at Rs 21.60 lakh crore, followed by the Adani Group in third place with a total market value of Rs 15.54 lakh crore.
The Reserve Bank of India issued a directive on January 31, which mandated an immediate halt to the onboarding of new customers by Paytm Payments Bank and called for a cessation of its key banking services post-February 29.
Britannia posted a net profit of Rs 932.40 crore in the same quarter a year ago. The company's net sales during the quarter rose by 2.2 per cent to Rs 4,191.83 crore.
Market experts maintain an optimistic outlook on the IPO market for 2024 on the back of strong domestic and foreign investments.
India is the third-largest consumer of crude oil and LPG and the fourth-largest importer of LNG.
The deal to extend LNG imports from Qatar will be signed between Petronet LNG Ltd and QatarEnergy during India Energy Week in Betul, Goa.
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