Will RBI increase repo rate in next policy meet? What report says

Published on Mar 27, 2023 03:35 PM IST

At the latest Monetary Policy Committee (MPC) of the RBI in early February, it decided to raise the repo rate by 25 basis points to 6.5 per cent.

The repo rate is the interest rate at which the RBI lends money to all commercial banks.(File)

Rupee finds temporary ease as India's current account deficit shrinks

India's current-account deficit is expected to decrease as economists revise their forecasts due to favorable trade trends. This is good news for the rupee, which has been struggling in comparison to other emerging Asian currencies.

Economists lowering forecasts for India’s current-account shortfall, thanks to favorable trade trends.(Reuters)
Published on Mar 27, 2023 03:09 PM IST
Bloomberg | | Posted by Animesh Chaturvedi

‘We do responsible hiring’: Flipkart takes stand against mass layoffs

According to Krishna Raghavan, Flipkart's Chief People Officer, the company does not believe in hiring in bulk as doing so often leads to firms laying off staff to lessen the headcount.

Representational Image
Published on Mar 27, 2023 03:05 PM IST
By, New Delhi

Gold and silver prices on March 27: Check rates in your city

The rate for 24-carat gold was Rs. 5,969 per gram, with 8 and 10 grams priced at Rs. 47,752 and Rs. 59,690, respectively.

The price of one gram of 24k gold stood at Rs. 5,969 per gram and that of 22k gold at Rs. 5,471.(Representative image/ Istock)
Published on Mar 27, 2023 02:56 PM IST

2-day EPFO board meeting from today: List of issues likely to be taken up

The 233rd meeting of the body's Central Board of Trustees (CBT) will be held under the leadership of Bhupender Yadav, the Union minister for labour and employment.

FILE Photo: Employees provident fund organisation head office , EPFO office.
Published on Mar 27, 2023 01:02 PM IST
By, New Delhi

Elon Musk bought Twitter for $44bn five months ago. He says its value now is…

Elon Musk claimed in an internal email that Twitter's current worth is $20 billion, less than half the $44 billion he bought it for five months ago.

Twitter CEO Elon Musk (Twitter)
Published on Mar 27, 2023 11:46 AM IST
AFP | | Posted by Animesh Chaturvedi

From April, mutual fund investors must comply with new rules. Details here

Four such rules are: declaration of a nominee, PAN-Aadhaar linking, OTP, and revalidation of KYC.

Representational Image
Published on Mar 27, 2023 11:22 AM IST
By, New Delhi

First Citizens to buy collapsed Silicon Valley Bank

The FDIC said in separate statement it has received equity appreciation rights in First Citizens BancShares stock with a potential value of up to $500 million as part of the deal.

Under the deal, unit First–Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion. (Reuters)
Published on Mar 27, 2023 11:12 AM IST
Reuters | | Posted by Lingamgunta Nirmitha Rao

Number theory: Understanding the new American banking crisis

A latest study published to the Social Science Research Network on March 13 estimated that the individual US banks' assets have lost an average of 10% of their market value during the Fed's rapid rate-hike campaign, with the bottom fifth percentile experiencing a decline of about 20%.

A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S.(REUTERS)
Updated on Mar 27, 2023 01:50 PM IST

Bank holidays in April: Banks to remain closed for 15 days. Check full list

Bank Holidays In April 2023: Banks will not open on account of festivals, as well as second and fourth Saturdays, and Sundays.

Representational Image
Published on Mar 27, 2023 10:38 AM IST
By, New Delhi

Opening bell: Sensex climbs to 57,665, Nifty advances to 16,991

Among the Sensex firms, Power Grid, Bajaj Finance, Tata Steel, UltraTech Cement, Reliance Industries, Sun Pharma, Tech Mahindra and HDFC Bank were the biggest gainers.

Representational Image
Published on Mar 27, 2023 09:23 AM IST

New tax regime, other rules to kick in from Apr 1: What taxpayers need to know

Starting FY 2023-24, the new tax regime will be the default regime to file returns, as announced by finance minister Nirmala Sitharaman in the annual budget speech on Feb 1.

Representational Image
Published on Mar 27, 2023 08:51 AM IST
By, New Delhi

Petrol, diesel prices on March 27: Check rates in your city

In Kolkata, a litre of petrol costs ₹106.03 and a litre of diesel costs ₹92.76.

Fuel prices were last revised in May 2022. (Representative)
Updated on Mar 27, 2023 08:17 AM IST
By | Written by Ritu Maria Johny

First Citizens inches closer to SVB acquisition: Report

Silicon Valley Bank became the biggest US lender to fail in more than a decade.

First Citizens BancShares and SVB (Silicon Valley Bank) logos. (Reuters)
Published on Mar 27, 2023 07:49 AM IST
Bloomberg |

LIVE highlights: Ahead of G20 meet, pro-Khalistan outfit makes threat calls

Breaking news highlights March 27, 2023: Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour.

Find fast updates on the latest news from India and around the world with Hindustan Times.
Updated on Mar 27, 2023 11:18 PM IST

Are you an NPS subscriber? Link Aadhaar-PAN by March 31

The PFRDA administers as well as regulates the National Pension System (NPS), which is the world's lowest-cost pension scheme.

The Unique Identification Authority of India (UIDAI) has decided to allow Aadhaar card holders to update their details online for free till June 14. (Image for representational purpose)
Updated on Mar 30, 2023 02:29 PM IST

Global growth slowing to below 3% due to Ukraine war: IMF chief

International Monetary Fund chief Kristalina Georgieva was speaking at the China Economic Forum 2023 in Beijing.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva was speaking at the China Development Forum 2023, in Beijing.(Reuters)
Published on Mar 26, 2023 04:31 PM IST
AFP | | Posted by Shobhit Gupta

Pak inflation skyrockets to 47%, essential prices soar: Report

Pakistan prime minister Shehbaz Sharif had announced move to charge affluent customers more for fuel and the money raised will be used to subsidise prices for the poor.

People visit a market to buy grocery and other stuff, in Peshawar.(AP)
Published on Mar 26, 2023 04:13 PM IST

NPR halts 4 podcast productions, lays off 10% of workforce

NPR is one of many media companies that have recently made layoffs due to declining advertising revenue and the prospect of a recession.

A view of the National Public Radio (NPR) headquarters on North Capitol Street in Washington, DC, amid the announcement of layoffs. (AFP)
Published on Mar 26, 2023 03:54 PM IST

What is a Form 16? How to file income tax return using it?

Form 16 is a certificate of tax deduction at source issued by the employer to the employee upon tax deduction.

The form is generally released before the end of May for the preceding fiscal year, which runs from April 1st to March 31st. (Representational Image)
Published on Mar 26, 2023 03:19 PM IST

Centre revises MGNREGA wage rates; Haryana offers highest

The union ministry of rural development issued a notification on the change in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme on March 24.

The wage hikes, which range from <span class='webrupee'>₹</span>7 to <span class='webrupee'>₹</span>26, will come into effect from April 1. (HT File Photo)
Published on Mar 26, 2023 03:15 PM IST
PTI | | Posted by Lingamgunta Nirmitha Rao

RBI likely to hike 25 basis point interest rate in monetary policy, say experts

RBI may go in for 25 basis point interest rate hike in monetary policy meet next month, say experts

The Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6.(Mint)
Published on Mar 26, 2023 02:59 PM IST
PTI | | Posted by Shobhit Gupta

Reliance to offer FMCG products at up to 35% lesser price

Earlier this month, RCPL relaunched the iconic soft drinks brand Campa, entering into the turf of US cola majors PepsiCo and Coca-Cola. It had priced competitively at ₹10 for a 200-ml bottle and ₹20 for a 500-ml bottle.

Bottles of Campa Cola are displayed at a Reliance Smart supermarket in Mumbai, on March 20.(REUTERS)
Updated on Mar 26, 2023 07:28 PM IST
PTI | | Posted by Yagya Sharma

This private island in Florida costs 1,800 cr, has 98-foot pool…

This sole private island named 10 Tarpon Isle was bought by real estate developer Todd Michael Glaser and his partners for $85 million ( ₹699 crore) in 2021.

The developer Todd Glaser said that the Tarpon Isle was built in 1940s has a high sea wall and has braved big storms and tidal surges(CNBC)
Published on Mar 26, 2023 12:40 PM IST

Credit Suisse accessed billions in liquidity last weekend, says Swiss minister

Swiss bank Credit Suisse had said last week it intended to borrow up to 50 billion Swiss francs from the country's central bank to boost its liquidity

The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland.(Reuters)
Published on Mar 26, 2023 12:10 PM IST
Reuters | | Posted by Aryan Prakash

Petrol, diesel prices on March 26: Check rates in your city

In Mumbai, petrol retails at ₹106.31 per litre while diesel costs ₹94.27 per litre.

Factors like Value Added Tax (VAT), freight charges, local taxes play a role in the changes to fuel rates. (Representative)
Published on Mar 26, 2023 09:56 AM IST
By | Written by Ritu Maria Johny

Valley National bidding for Silicon Valley Bank: Report

The regional bank has submitted a bid to the Federal Deposit Insurance Corp (FDIC), the report said, citing people familiar with the matter.

A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California(REUTERS)
Updated on Mar 26, 2023 06:23 AM IST
Reuters |

This bank is giving interests at 9.01% in just 1000 days

On fixed deposits maturing in 1000 days to 18 months, the bank offers an interest rate of 8.41%; on deposits maturing in 1001 days to 36 months, the bank provides an interest rate of 8%.

Every bank or financial institution that offers the fixed deposit facility sets its FD interest rates based on various internal and external factors.
Published on Mar 25, 2023 09:07 PM IST

Govt extends Aadhaar-Ration card linking deadline to June 30

Ration cards are distributed for the public to obtain subsidised food grains and fuel. Apart from documents such as a passport and a PAN card, the ration card also serves as proof of identity and address.

By linking the Aadhaar card to the ration card, the government will be able to prevent individuals from obtaining multiple ration cards. (Mint)
Published on Mar 25, 2023 08:17 PM IST

FM Sitharaman reviews public sector banks' performance amid global crisis

FM Nirmala Sitharaman held a two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the Silicon Valley Bank (SVB) and Signature Bank (SB), along with the issues leading to the crisis in Credit Suisse.

Union Finance Minister Nirmala Sitharaman chairs a meeting to review the performance of Public Sector Banks on various financial, efficiency, and health parameters, in New Delhi on Saturday. (ANI Photo)(NSitharaman Office Twitter)
Published on Mar 25, 2023 06:41 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
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