Getty ImagesThe rupee declined to an intraday low of at 82.06 per U.S. dollar versus 81.88 before the RBI policy announcement.
The central bank surprised markets by keeping the key policy rate at 6.50%. A large majority of economists, 49 of 62, had said the RBI would lift its repo rate by 25 basis points to a seven-year high of 6.75%.
Thursday, 06 Apr, 2023- Front Page
- Pure Politics
- Economy
- Around the World
- More
- SP Group Looks to Raise $1.75b Against Tata Stake
The Shapoorji Pallonji (SP) Group, the single largest shareholder of Tata Sons, is in talks to raise $1.75 billion by pledging the remaining half of its stake in the unlisted holding company of the Tata Group, said people with knowledge of the matter.
Cook may Fly in to Launch First India Apple Store this MonthApple chief executive Tim Cook is likely to visit India this month for the launch of the iPhone maker’s first company-owned store in the country and also for discussing with key ministers strategic issues such as manufacturing expansion and exports from India, said people with knowledge of the matter. If the visit does take place, it could possibly include a meeting with Prime Minister Narendra Modi.
UK Govt Offers to Sweeten Package for Tata Steel UKThe UK government has offered to revise the offer made in January to Tata Steel UK, which has been seeking a financial package to execute its decarbonisation plans for the Port Talbot plant. Tata Steel has sought fiscal support from the UK government for replacing the two blast furnaces at its factory that are nearing the end of their operational life.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
