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RBI

New RBI chief faces challenge to manage rupee's exchange rate as dollar surges

RBI's new Governor Sanjay Malhotra has not spelled out his policy stance on the rupee but there are signs he may allow the currency to fluctuate more naturally before taking a tough decision on managing its exchange rate, according to experts.

Blinkit’s new 10-minute ambulance service now available for Gurgaon residents

The five ambulances, equipped with life-saving supplies and paramedic staff, are now operational in Gurugram and available via the Blinkit app. The service's pricing has not been disclosed yet.

Stock markets bounce back in first session of 2025 driven by blue-chip investments

Snapping its two-day falling streak, the 30-share BSE Sensex rose by 368.40 points or 0.47% to settle at 78,507.41 on the first trading session of 2025. During the day, it surged 617.48 points or 0.79% to 78,756.49.

Food spending india

Food spending rises in rural India, non-food items propel urban expenditure

In rural India, food accounted for 54% of the ₹349 rise in spending. Vegetables, beverages and processed food, and dairy products contributed 35% of this growth, as per National Statistics Office’s Household Consumption Expenditure Survey (HCES). Urban areas saw non-food items driving 54% of the ₹537 increase, led by miscellaneous goods and entertainment, clothing and footwear, and education.

RBI

Banks’ gross NPA ratio declines to 13-year low of 2.5% at September end: RBI report

“Asset quality improved, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 % at end-March 2024 and 2.5 % at end-September 2024,” as per the Reserve Bank of India’s report on Trend and Progress of Banking in India 2023-24.

GST on second hand cars

Impact of 18% GST hike on second-hand cars: What it means for buyers and businesses

The GST Council’s decision to raise the tax rate on pre-owned vehicles from 12% to 18% has sparked concerns about affordability, demand, and sustainability in India’s burgeoning used-car market.

Google CEO Sundar Pichai announces 10% layoffs in managerial roles to improve efficiency

Google’s workforce reductions mark the fourth such round this year, part of an ongoing efficiency campaign initiated by Alphabet Inc. in September 2022.

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