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RBI projects 5 pc inflation for FY27, seen rising in near term
BUSINESS

RBI projects 5 pc inflation for FY27, seen rising in near term

Mumbai, Aug 5 — The Reserve Bank of India (RBI) on Wednesday projected consumer price inflation at 5 per cent for FY27, while expecting it to rise further in the near term.Announcing the Monetary Policy Committee's (MPC) decision to keep the repo rate unchanged at 5.25 per cent, Malhotra said…

Economy remains resilient amid steady domestic demand: RBI Governor
BUSINESS

Economy remains resilient amid steady domestic demand: RBI Governor

New Delhi, Aug 5 — The Indian economy has remained resilient amid persisting global headwinds, RBI Governor Sanjay Malhotra said on Wednesday, adding that high frequency indicators available so far point towards steady domestic demand in Q1 2026-27.Private consumption remained robust. Investment…

Indian equity markets open higher ahead of RBI's policy outcome
BUSINESS

Indian equity markets open higher ahead of RBI's policy outcome

Mumbai, Aug 5 — Domestic equity markets opened higher on Wednesday ahead of the RBI's policy decision as the headline index surged almost 1 per cent, while global cues were also positive.Sensex started the trading session at 79,055.38, up over 600 points or 0.8 per cent, while Nifty opened 54…

Coupang swings to Q2 loss on data breach fines
BUSINESS

Coupang swings to Q2 loss on data breach fines

Seoul, Aug 5 — E-commerce giant Coupang said on Wednesday it swung to a net loss in the second quarter from a year earlier due to fines related to a massive data breach.In the three months that ended in June, the U.S.-listed company shifted to a net loss of 865 billion won (US$570 million) from a…

Seoul shares extend gains amid Hormuz hopes, easing AI concerns
BUSINESS

Seoul shares extend gains amid Hormuz hopes, easing AI concerns

Seoul, Aug 5 — Seoul shares extended gains late on Wednesday as easing concerns over artificial intelligence (AI) profitability and hopes for an interim agreement between the United States and Iran over the Strait of Hormuz lifted investor sentiment.After opening 3.85 percent higher, the benchmark…

TVK govt‘s maiden budget today; new schemes, reforms in focus
BUSINESS

TVK govt‘s maiden budget today; new schemes, reforms in focus

Chennai, Aug 5 — The TVK-led Tamil Nadu government will present its maiden Budget for 2026-27 in the Assembly on Wednesday, setting out its fiscal priorities and development agenda at a time when the state is grappling with significant financial constraints.Finance, Planning and Development…

SIDBI sets up 71 new branches to boost credit flow to MSME sector
BUSINESS

SIDBI sets up 71 new branches to boost credit flow to MSME sector

New Delhi, Aug 4 — Some major initiatives have been undertaken by the Small Industries Development Bank of India (SIDBI) during the last five years to improve the flow of credit to Micro, Small and Medium Enterprises (MSMEs) across the country, the Parliament was informed on Tuesday.These measures…

No proposal to change or replace Unified Pension Scheme: Sitharaman
BUSINESS

No proposal to change or replace Unified Pension Scheme: Sitharaman

New Delhi, Aug 4 — Finance Minister Nirmala Sitharaman on Tuesday informed the Parliament that the Centre has no proposal to amend or replace the Unified Pension Scheme, which will continue as an optional scheme under the National Pension System.As of July 19, 2026, a total of 1,18,404 employees,…