IRM Energy IPO subscribed 27 times on closing day

Reserve Bank of India (RBI) governor Shaktikanta Das said interest rates will stay high, without offering any indication of when softening could start. Monetary policy must remain “actively disinflationary” to ensure the decline in retail inflation in recent months continues smoothly, Das said.

Marketers have identified a generational shift and far higher impulse-driven consumption than ever before as young Indians increasingly choose to disregard traditional religious practices connected to Shradh, Shravan or Navratri such as not buying high-ticket items, abstaining from consuming liquor and non-vegetarian food.

Finance minister Nirmala Sitharaman said on Friday that the government is looking at reducing its debt burden further and has already resorted to prudent spending by resisting the temptation of fiscal profligacy, especially after the pandemic, to avoid burdening future generations.