Prices of cereals rose by 6.5% from a 6.88% increase in November, while those of pulses rose 3.83% compared to a 5.41% growth in the same period.
Rupee falls to record low to 86.70 against US dollar
The Indian rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar on Monday, weighed down by a stronger American currency and surging crude oil prices.
IDBI Bank employees meet political parties to pitch against privatisation
The bank has booked profits consistently for the last four Financial Years i.e., Rs.1,359 cr. 2020-21; Rs.2,439 cr. 2021-22; Rs.3,645 cr. 202223 and Rs.5,634 cr. 2023-24 and is likely to end up with Rs.7,000 cr. profit during the current Financial Year (2024-25). Gross NPA and Net NPA of IDBI have gone down historically low to 3.68% and 0.20% respectively and provision coverage ratio to 99.42%.
December retail inflation eases to 5.22%, food inflation at 8.39%
Among key categories, vegetable inflation dropped to 26.56% from 29.33%, pulses inflation moderated to 3.83% from 5.41%, and fuel and light inflation improved to -1.39% from -1.83%.
Sensex Tumbles Over 1,100 Points, Investors Lose ₹14 Lakh Crore: What’s Driving the Market Down?
Stronger-than-expected US employment data released last Friday rattled global markets, diminishing hopes for an early rate cut by the Federal Reserve. With the US unemployment rate dipping to 4.1% in December and robust job growth, analysts now predict fewer rate cuts in 2025.
Masses Gather for Holy Dip as Maha Kumbh Festival Commences in India
This iconic religious event sees elaborate security measures in place, with 40,000 police officers deployed and AI-powered surveillance cameras ensuring uninterrupted monitoring of the massive crowds.
RBI on a spelling spree to support Rupee, say traders
The US dollar surged on expectations that the Federal Reserve will not cut rates by much this year, Reuters reported quoting traders.
Finmin to meet bank chiefs on Jan 15 to review financial inclusion schemes
The Finance Ministry is set to meet the chiefs of Public Sector Banks (PSBs) on Wednesday to review thier performance including the progress of various financial inclusion schemes, the PTI reported on…
Global markets under pressure post US jobs data
The better-than-expected US payroll data affirmed the case for Federal Reserve officials to keep interest rates on hold for the foreseeable future, in the face of lingering inflation and political uncertainty. That gave the dollar a boost Friday, while pushing up US Treasury yields.
Bank Holiday: Are Banks Open or Closed Today? Full January Holiday List
In January 2025, banks will remain closed for a total of 13 days, including national and regional holidays. Planning financial tasks around these dates is essential to avoid disruptions. Weekend holidays, which include the second and fourth Saturdays along with all Sundays, are also part of this schedule.