Mumbai

Soft inflation, low growth may prompt RBI to keep rates unchanged

With consumer price index (CPI) inflation easing for the third consecutive month, growth moderating, crude oil prices witnessing

steep correction and rupee strengthening, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is likely to keep the repo rate unchanged on Thursday while maintaining the stance at “calibrated tightening”.

Soft inflation may prompt RBI to keep interest rate unchanged

With consumer price index (CPI) inflation easing for the third consecutive month, growth moderating, crude oil prices witnessing steep correction and rupee strengthening, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is likely to keep the repo rate unchanged on Thursday while maintaining the stance at “calibrated tightening”. 

The six-member MPC headed by RBI governor Urjit Patel will meet for three days starting December 3 for the fifth bi-monthly monetary policy review of the current financial year and the outcome would be announced on December 5.

MCX’s data link to IGIDR under cloud

The Multi Commodity Exchange of India (MCX) may soon initiate yet another forensic audit to find out if the price feeds access given to Indira Gandhi Institute of Development Research (IGIDR) led to misuse.

PSU stocks get hammered ahead of disinvestment

Many stocks of government-owned companies are facing rough weather in the calendar year 2018. Some of the blue chip PSU stocks touched new 52-week lows on Thursday, while oil marketing companies are now recovering from their 52-week lows on a fall in international crude oil prices.

Tide turns: FPIs now bullish on Indian debt and equity

After relentless selling over the most part of the year, foreign funds have turned net buyers in November when trend reversal has been witnessed with FPIs investing in India to the tune of $718 million, indicative of positive FPI flows in the Indian economy.

Investors see synergy gains, lap up merger candidates

Mergers and acquisitions (M&As) in the private banking space have excited long-term stock investors and punters alike. Equity investors are betting on two such mergers — IndusInd Bank-Bharat Financial and IDFC Bank-Capital First — as they perceive significant post-merger synergies benefiting the two entities.

Yes Bank promoters prepay Rs 400 crore loans to two MFs

Yes Bank shares turned volatile on Monday, falling close to 7 per cent before recovering partially after the sharp fall in early trade as the bank’s complex dealings to raise credit from the lenders’ mutual funds seemed to be losing the protection, triggering margin payment.

The dealings with creditors had a condition that if the stock price fell more than 50 per cent, it would trigger margin payment, according to a broker. The stock touched a 52-week high of Rs 404 and 52-week low of Rs 166.15 in the past one year.

Secret code helped policemen shift burqa-clad Kasab from Mumbai to Pune

For the select policemen involved in the covert operation to shift 26/11 terrorist Ajmal Kasab from Mumbai to Pune, the phrase “Parcel reached Fox” signalled that the van carrying him had reached the jail where he was to be hanged the next day. A senior police official involved in carrying out the operation said that this was one of the seven code words/phrases used during the exercise, of which only the then home minister RR Patil and a few top police officials were aware of.

Scars will never go

Terror fears have receded from the Mumbaikar minds a decade after 26/11. Time heals, but it took a few years for the people to take life easy as the huge tragedy in 2008 saw 166 people losing their lives and 293 suffering injuries.

Scars of the ghastly attack probably will never fade out for those who lost their loved ones or came out of the ordeal alive. Among the dead were 28 foreigners.

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