The surprise 25 basis points rate cut to 6.25 per cent is a measure to broad base credit growth across all the sectors of the economy that's gathering more steam now, the governor said.
Former PepsiCo chief Indra Nooyi joins Amazon board of directorsNooyi, who stepped down as CEO of Pepsico in October last year, is the second women of colour to be added on the Amazon's board of directors. Early th… Read MoreShaw fined for selling Infosys stock inadvertentlyAccording to rules, Kiran Mazumdar-Shaw was expected to obtain a pre-clearance of the trade. Infosys’s statement said the trade was carried out by Maz… Read MoreGap Inc says it will split in 2 companies, close 230 storesThe company board said that following a comprehensive review by the Gap Inc board of directors, it was clear that Old Navy's business model and custom… Read MoreIndian economy to grow at 7.3% in 2019, 2020: Moody'sIn its quarterly 'Global Macro Outlook for 2019 and 2020' report, Moody's said, "While not immune, India is less exposed to a slowdown in global manuf… Read MoreSensex rebounds 196 points, posts 2nd weekly gainsThe key BSE index also snapped its three-session losing run after the March derivatives series got off to a strong start coupled with uninterrupted fo… Read More
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