Business

NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, marking its third rate cut this year. Alongside, the Cash Reserve Ratio (CRR) has also been reduced by 1% to 3%, injecting Rs 2.5 lakh crore into the banking system. While this move brings relief for borrowers—home, auto, and other …

A number of water companies have been banned from paying “unfair” bonuses to senior executives under new rules, the government has announced. The measures apply to water companies that do not meet environmental and consumer standards, are not financially resilient or have been convicted of a criminal offence. There has been growing public concern about sewage spills and rising bills …

Martin Heath & Annabel Amos BBC News, Northamptonshire Getty Images Baby Basics provides Moses baskets for vulnerable families with newborn babies A charity which helps families with vulnerable babies says it is now supporting one in 16 of the boys and girls born in its county. Baby Basics, based in Wollaston, Northamptonshire, provides starter packs full of essential items including …

Joe Tidy Cyber correspondent Getty Images An abusive email sent by the Marks & Spencer hackers to the retailer’s boss gloating about the hack and demanding payment has been seen by the BBC. The message to M&S CEO Stuart Machin – which was in broken English – was sent on the 23 April from the hacker group called DragonForce using …

Gold’s recent price action indicates exhaustion at higher levels, creating an ideal setup for contrarian traders. (AI image) Gold price prediction today: Gold prices have been rising, but are also below their record low. Gold rate rise is showing signs of exhaustion. Where are MCX Gold prices headed and what should investors do? Should they buy or sell gold? Here’s …

JP Morgan has an overweight rating on Reliance Industries with a price target of Rs 1,568. Analysts feel that RIL’s Earnings in the next two years should be better than the last two. They said that RIL’s stock price has felt the pressure of large earnings cuts driven by weaker commodity EBIT (earnings before interest and taxes). This should not …

Lululemon shares have plunged by more than 20% after it cut its annual profit forecast, as the company navigates tariffs and fears about the US economy slowing. “We experienced lower store traffic in the Americas, partially reflective of economic uncertainty, inflationary pressures, lower consumer confidence, and changes in discretionary spending,” Lululemon said in a statement. The athleisure brand joins a …

The rift between US President Donald Trump and his former adviser Elon Musk has erupted into the open, with each trading insults after the tech billionaire criticised one of Trump’s key domestic policies. The two billionaires escalated the feud throughout the day, lobbing barbs at each other on the social media sites they each own, suggesting a bitter conclusion to …

Watch: How Trump and Musk’s fall out played out in real time Investors sold off shares in Tesla on Thursday, as tensions erupted between boss Elon Musk and US President Donald Trump. Shares in the electric car company dropped 14%, wiping out roughly $150bn in market value in one of the worst days in months. The losses were an indication …

CHENNAI: Just three years after he was appointed MD of TVS Motor, 36-year-old Sudarshan Venu is all set to take over as chairman of the company. TVS Motor has announced that its board has “unanimously” named Sudarshan Venu as “incoming chairman of the company.” Effective August 2025, Sudarshan Venu will be appointed CMD of TVS Motor. Source link