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The Latest Breaking News from Madan Sabnavis

RBI's inflation forecast signals 1-2 rate hikes in coming months: Experts

Experts anticipate one to two rate hikes in the coming months following the RBI's increased inflation forecast, despite keeping the policy rate unchanged. The central bank also introduced measures to attract foreign capital and support the rupee amidst global economic uncertainties.

The Economic Times

RBI MPC meet: Central bank likely to maintain status quo on rates, adopt cautious approach amid West Asia crisis

Experts anticipate the Reserve Bank of India will maintain its key policy rate at 5.25 percent this week. The central bank is expected to adopt a cautious approach, considering potential inflation headwinds and growth challenges. Factors like West Asia turmoil, rising energy prices, and a weakening rupee are influencing this…

The Economic Times

ICC Cricket World Cup 2023: Global giants spend Rs 3 lakh a second on advertising

Global companies are spending millions of dollars to get their names seen during the Cricket World Cup in India, with the sporting event representing an opportune moment for brands to tap into the cricket-crazy nation of 1.4 billion people.

The Times of India

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Production rises 5.2%, led by infrastructure and construction goods, even as 12 of 23 manufacturing sectors report contraction

India’s industrial output picked up some pace in May to grow at a three-month high rate of 5.2% compared to 4.46% in April, with electricity generation growing 0.9% after two months of contraction.

The Hindu

India's Q3 GDP at 4.4%; economy to grow at 7% in FY23

NEW DELHI: India's gross domestic product for the third quarter (September-December 2022) of financial year 2022-23 grew by 4.4%, data released by the Centre showed on Tuesday.

The Times of India

RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

MUMBAI: RBI governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.

The Times of India

India’s economic growth to slow to 7%, government forecasts

India remains a relative ‘bright spot’ in the world economy, but weak exports are expected to hamper its growth.

Al Jazeera

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State has spent over 19% of the budgeted capital expenditure so far this fiscal

This is higher than the ₹4,527.12 crore spent during the same period in fiscal 2021-22, 9.92% of the budgeted amount

The Hindu

India to gallop past China as world’s most populated country by 2023

The United Nations estimates India will overtake China as the world’s most crowded place in 2023. Their combined headcount will account for nearly 3 billion of the 8 billion people on the planet by next year.

Radio France Internationale

IIP growth at 12-month high of 19.6% as key sectors show signs of a rebound

NEW DELHI: The country’s industrial production soared to a 12-month high in May on the back of a statistical base effect and strong performance in manufacturing and electricity sectors, triggering hopes of a robust rebound in the crucial sector.

The Times of India

Core sectors’ growth slows to 4.3% in March

Coal production shrinks; industrial output growth in the month expected to be 2.5%-3.5%

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