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The CBAM (Carbon Border Adjustment Mechanism) or carbon tax (a kind of import duty) will come into effect from January 1, 2026.

IT companies are facing weak demand outlook due to cost-cutting by clients in the West. The tough macro conditions are likely to continue, resulting in muted demand for major verticals

The forex reserves were last above the USD 600 billion mark on August 11 this year.

Experts feel the central bank seems to be following other central banks and indicating higher rates for longer, but by any chance if the Federal Reserve cuts fed funds rate in first quarter of calendar year, which is 60 percent probability and there is 80 percent probability of cutting in second quarter, then the RBI… Continue reading 11 stocks of time as bulls return with a boom, and RBI retains rates, raises growth forecast on December 8, 2023 at 8:07 am

RBI MPC meeting: The Indian central bank#39;s revised full-year growth forecast is slightly higher than that of non-government economists.

RBI also raised its GDP growth forecast for FY24 to 7.0 percent from 6.5 percent, which ushered further optimism among investors.

“Export policy of onions… is amended from free to prohibited till March 31, 2024,” the Directorate General of Foreign Trade said in a notification.

RBI MPC meeting: The Indian central bank#39;s revised forecast comes days before headline retail inflation data for November is released on December 12

So far this year, the Bank Nifty index has surged over 9 percent as against 15 percent rally in the benchmark Nifty50 index

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