The RBI on Thursday kept repo rate, the key interest rate at which it lends to commercial banks, unchanged at 4%. (Photo: Mint)
The RBI on Thursday kept repo rate, the key interest rate at which it lends to commercial banks, unchanged at 4%. (Photo: Mint)

RBI introduces debt recast window with riders

  • A panel headed by KV Kamath will be set up to make recommendations to the RBI on the required financial parameters along with sector specific benchmark for the debt recast window

According to current RBI regulations, up to 75% of the value of the gold can be lent.
A file photo of RBI Governor Shaktikanta Das. (REUTERS)

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A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi. (REUTERS)
The new cheque processing system will enhance security
Reserve Bank governor Shaktikanta Das. (Reuters)
Reserve Bank of India Governor Shaktikanta Das. (Reuters)
Former RBI governor Raghuram Rajan  (MINT_PRINT)

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File photo of RBI governor Shaktikanta Das
Flight attendants wearing personal protective equipment (PPE) walk through the cabin on a flight
The BSE building, in Mumbai. (PTI)
The BSE building, in Mumbai. (PTI)
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Market LIVE: Sensex, Nifty surge over 1%; RBI keeps rates unchanged; banks jump

  • RBI maintains status quo on key rates, stance accommodative
  • Sensex above 38,000, Nifty reclaims 11,200 mark; auto stocks skid

Reserve Bank of India (RBI) Governor Shaktikanta Das. (Reuters)
Reserve Bank of India (RBI) Governor Shaktikanta Das. (Reuters)

Well done, RBI, stay firm on bank licences

  • Once again, the central bank has had to reject a proposal to let corporate houses run banks in India. For safety, banks need to be free of extra-banking interests. And what goes for the public sector goes for the private sector too

The maximum top-up loan a borrower can avail of varies from one lender to another. Photo: iStock
The maximum top-up loan a borrower can avail of varies from one lender to another. Photo: iStock

Top-up home loan works better than gold and personal loans

  • If a bank is willing to give you a top-up home loan between 8% and 9.25%, the rate for loan against property (LAP) and a gold loan would be higher by at least one percentage point. A personal loan is even more expensive.

People wade through a waterlogged street after heavy rain in Mumbai on Wednesday. (ANI Photo)
People wade through a waterlogged street after heavy rain in Mumbai on Wednesday. (ANI Photo)

Mumbai: Rain intensity reduces, transport services resume

  • Except for the Dahisar subway, no other subway was inundated and there was also no water-logging in Hindmata, Parel TT and Mumbai Central areas
  • Rains have reduced since night, but Colaba has been setting up another record for August rainfall

Here is how to book SpiceJet Extra Seats. (Bloomberg)
The dividend received from mutual funds is taxable in the hands of unit holders.
The latest study found that the investigational vaccine also induced robust CD8 T-cell responses in mice. (AP)
the MPC members complete their four year cycle since its inception on 29 September 2016. (Mint )
the MPC members complete their four year cycle since its inception on 29 September 2016. (Mint )

Five things to watch out for in RBI's monetary policy announcement

  • A Mint survey had showed that six out of 10 bankers polled expect RBI to keep policy repo rate on hold at 4%, while the rest are expecting a 25 basis points cut.
  • Bankers and economists also expect RBI to announce unconventional measures like raising the Held To Maturity Limit for banks

Rethinking India
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Photo: AFP
Of the 600 million tonnes of food crops produced in a year, the share of organic produce is a minuscule 2.6 million tonnes. But preferences are changing. ( Photo: Hindustan Times)
Of the 600 million tonnes of food crops produced in a year, the share of organic produce is a minuscule 2.6 million tonnes. But preferences are changing. ( Photo: Hindustan Times)

Setting the table for a safe food boom

  • The pandemic has compelled many to focus on what goes into their food. Will the organics moment last?
  • Unlike organic staples like rice, pulses and honey, which have seen an uptick lately, sourcing and supplying naturally-grown perishables is a harder segment to crack

New Delhi: Labourers take shelter under a plastic sheet during rains in New Delhi, Wednesday, (PTI)
A file photo of former Union minister Manoj Sinha. Photo: HT
Total's acquisition marks the largest foreign direct investment in India’s city gas distribution industry. (Photo: Reuters)
Total's acquisition marks the largest foreign direct investment in India’s city gas distribution industry. (Photo: Reuters)

Adani-Total JV to seek fuel retailing licence

  • Last October, Total SA had agreed to acquire a 37.4% stake in city gas distributor Adani Gas Ltd for around 5,700 crore - marking the French energy major’s biggest bet on India’s clean energy push

Gold rates today moved higher to  ₹55,290 on MCX
Instagram Reels is displayed on a mobile phone. (AP)
Coronavirus treatment: Favipiravir is approved by the Drug Controller General of India (DCGI) for restricted emergency use.
Coronavirus treatment: Favipiravir is approved by the Drug Controller General of India (DCGI) for restricted emergency use.

Alkem Labs launches Alfluenza for coronavirus treatment

  • Earlier this week, top drug makers including Lupin and Sun Pharma have launched a generic version of the antiviral drug favipiravir to treat COVID-19 in India.

Kerala chief minister PInarayi Vijayan. File photo: Ramesh Pathania/Mint
With the virus outbreak, shares of drugmakers have been on a tear this year, lifting the wealth of their founders and chairmen. (REUTERS)
With the virus outbreak, shares of drugmakers have been on a tear this year, lifting the wealth of their founders and chairmen. (REUTERS)

Chinese pharma company has world’s fastest growing fortune now

  • Chongqing Zhifei Biological Products Co. shares have surged 80% since the vaccine maker disclosed that China’s drug regulator approved clinical trial of a Covid-19 vaccine
  • The gains have pushed the fortune of Jiang Rensheng, Zhifei’s chairman, to $19.4 billion

Galaxy M31s comes in two colours - Blue and Black
Photo: Mint
Picture for representation. (AFP)
Mumbai: Metro workers prepare scaffoldings for construction of a pillar for a metro line. (PTI)
Mumbai: Metro workers prepare scaffoldings for construction of a pillar for a metro line. (PTI)

Mumbai Metro Line 4: HC gives nod for construction in mangrove buffer zone

  • MMRDA had moved the High Court seeking its permission for the work
  • The court also took into account the fact that the MMRDA would carry out compensatory reforestation and that the agency had already secured all necessary permissions

A doctor wearing Personal Protective Equipment (PPE) suit looks after a COVID-19 coronavirus patient at the Intensive Care Unit (AFP)
Thierry Bollore takes over as JLR chief executive next month
Thierry Bollore takes over as JLR chief executive next month

Rocky road ahead for JLR’s new CEO

The Frenchman will have the unenviable task of ensuring the British luxury car brand owned by Tata Motors proceeds with plans to make deeper inroads into the growing market for hybrid and electric vehicles

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