Economy

Adequate liquidity and low interest rate key to sustain reality sector growth : Knight Frank India

Kolkata. The decision to maintain status quo on key policy rates is significant as it comes at the onset of the festive season, according to Knight Frank India chairman Shishir Baijal. ” We welcome the RBI’s move to keep rates unchanged despite the inflationary pressures, as adequate liquidity, and stable repo rate will play a …

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RBI keeps key rates unchanged, retains 9.5 per cent GDP forecast for FY22

Mumbai/New Delhi, As widely expected, the Reserve Bank of India (RBI) on Friday held the repo rate steady at 4 per cent and maintained an accommodative policy stance to support economic growth and recovery. Repo rate or repurchase rate is the interest rate at which RBI lends to commercial banks. It is the key tool …

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MPL inks pact with Econic, UK for new Polyol Technology

Chennai, Manali Petrochemicals Limited (MPL) and Econic Technologies have entered into a Memorandum of Understanding (MoU) for introducing a more environment friendly, CO2 containing polyols, into the USD 28 billion global polyols market.MPL has signed the MoU with Econic Technologies to scale their catalyst technology which would enable substitution of fossil based raw materials with captured waste CO2 in the …

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HP: Banks in Una district have distributed loans worth 278.41 crore rupees

Hamirpur/Una(HP), The banks of the district have disbursed loans worth 278.41 crores against the annual target of 2286 crores till June 2021, officials said.This was stated by Additional Deputy Commissioner, Una Dr Amit Kumar Sharma while reviewing the achievements against the targets set by the banks in the financial year 2021-22.He said that the loan …

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Prevest Denpro becomes 346th company to get listed on BSE SME Platform

Mumbai, Prevest Denpro became the 346th company to get listed on the BSE SME Platform on September 27,2021, company officials said. Prevest Denpro Limited came out with an initial public offering of 31,68,000 Equity Shares of Rs 10 Each for Cash at a Price of Rs 84 Per Equity Share, Aggregating to Rs 26.61 Crore. …

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Sensex crosses 60,000 milestone, Nifty above 17,900

Mumbai, The equity benchmarks surged to a new high on Friday with the BSE Sensex crossing 60,000 milestone for the first time ever and trading at 60,193.18, up 307.82 points or 0.51 per cent. Similarly, NSE benchmark index Nifty too was moving towards the 18,000 mark and trading at 17,909.55, up 86.60 or 0.49 per …

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