Thursday, March 19
The Monetary Policy Committee (MPC) of the Reserve Bank of India is likely to maintain a status quo on the repo rate in its policy announcement scheduled for Friday, amid continued global economic uncertainty, pressure on government bond yields and volatility in the domestic currency, according to a report by State Bank of India.The report stated that, despite earlier policy-rate easing, the central bank will hold rates this time, as several macroeconomic and global factors continue to pose challenges.It noted that government bond yields have shown persistent hardening in recent periods, even after policy rate easing.According to the report, the effectiveness of Open Market Operations (OMOs) may be influenced by the choice of eligible securities, even if the overall quantum of liquidity in
Shares of InterGlobe Aviation ended nearly 1 per cent lower on Thursday after the Competition Commission ordered a detailed probe against IndiGo for unfair business practices.The stock dropped 3.65 per cent to Rs 4,782.45 during the day on the BSE. It later trimmed most of the early losses and ended at Rs 4,933.95, down 0.60 per cent.At the NSE, shares of the company ended at Rs 4,932.20, registering a drop of 0.57 per cent. The stock had declined 3.63 per cent to Rs 4,780.30 apiece in intra-day trade.The Competition Commission on Wednesday ordered a detailed probe against IndiGo for unfair business practices, nearly two months after the country's largest airline cancelled thousands of flights due to operational issues, causing hardships to passengers.After taking into consideration data r
Rail Vikas Nigam Ltd (RVNL) reported a steady performance in the December quarter, with profit rising modestly, even as higher expenses limited margin expansion. The state-owned rail infrastructure company posted a net profit of Rs 324 crore in Q3FY26, up about 4% from Rs 312 crore in the same quarter last year. The improvement in profitability came despite marginal growth in topline and continued cost pressures.Revenue from operations increased 3% YoY to Rs 4,684 crore, compared with Rs 4,567 crore in Q3FY25. Including other income of Rs 252 crore, total income for the quarter stood at Rs 4,936 crore, higher than Rs 4,836 crore a year ago.Expenses, however, rose at a faster pace than revenue. Total expenses climbed to Rs 4,577 crore during the quarter, from Rs 4,480 crore in the year-ago
