Business

RBI status quo on repo rate

RBI status quo on repo rate

The central bank had last changed the policy rates on 4 October 2016, when the policy rate was cut by 25 bp. SLR is the percentage of deposits banks must park in government securities. The resolution of the MPC will be placed on the website in the afternoon of June 7, the central bank said in a statement . The Reserve Bank today marginally lowered the economic growth forecast for the current fiscal to 7.3 per cent even as it hoped that remonetisation would enable pick-up in ...



US Federal Reserve hikes rates again as confidence in the economy grows

The gold price in the global market saw huge fluctuations after the Fed rate hikes . The Fed voted to increase rates on Wednesday to 1.25% and maintained its own forecast that rates would rise at least one more time in 2017. The central bank on Thursday also left unchanged the size of its asset purchase program at £435 billion ($554 billion) and its corporate-bond purchase program at £10 billion.


France's Macron to reshuffle government after parliament win

France's Macron to reshuffle government after parliament win

Macron's administration had repeatedly rejected speculations of the minister's possible resignation in connection to the ongoing investigation. Turnout in the parliamentary elections were estimated to be extremely low, with a senior En Marche! official warning that high levels of abstention are bad news for democracy.


UPS adds new fee up to $1 for holiday-season deliveries

UPS adds new fee up to $1 for holiday-season deliveries

In a first for the delivery company, UPS will charge "Peak" rates during certain periods: Between Nov. 19 and December 2., it'll cost $0.27 per package for all ground shipments sent to residential addresses. The fee will be more for overnight, second or third day deliveries. The large increases in the number of packages sent those weeks force the company to pay for additional capacity in airplanes and trucks bought at short-term premium rates, as well as paying for temporary facilities ...



Brexit Talks Begin With Tight Schedule Set and Divorce-Bill Disagreement

Macron, a committed pro-EU leader and ally of Merkel, also easily won French legislative elections on Sunday, cementing his power base. "It would naturally be best if Britain didn't leave at all", he said. Mr Davis went into the talks announcing that he was in a "positive and constructive" frame of mind and that he was determined to build a "strong and special partnership" with the EU.



Boeing launches 737 MAX 10 with 240 orders, commitments

No-frills carrier SpiceJet on Monday announced that it has entered into a Memorandum of Understanding (MoU) with aircraft maker Boeing for 40 737 MAX aeroplanes that are valued at Dollars 4.74 billion at current list prices. Kuwait-based ALAFCO Aviation Lease and Finance Company (ALAFCO) announces a commitment for 20 737 MAX 8s, worth $2.2 billion at list prices. Analysts said one unknown quantity is how numerous MAX 10 orders may merely be replacing previous orders for other variants ...