The Reserve Bank of India's rate-setting committee is expected to maintain interest rates at their current level, despite inflation being above the target range, rising crude oil prices, and a weakening rupee. The committee has kept rates unchanged since February 2023. Economists predict that inflation will decrease in the coming months, but caution that the central bank should be watchful of rising oil prices and bond yields.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GuvLVh7
Experts predict that the Reserve Bank of India (RBI) will maintain the benchmark interest rate at 6.5% in its upcoming monetary policy review. Factors such as elevated inflation and global uncertainties are expected to influence the decision. The RBI has kept the rate unchanged in the past three reviews and is likely to continue with the existing rate structure.
Air India plans to establish a daily non-stop flight between Kochi, the economic center of Kerala, and Doha, the capital of Qatar, starting on October 23, according to airline representatives. This upcoming flight will address the demand for a convenient and comfortable direct link between these two cities.
Tata Steel plans to complete the decarbonisation process at its UK plant within the next three years, according to CEO T V Narendran. The company intends to shift from the blast furnace route to a low-emission electric arc furnace process as part of its decarbonisation plan.
India, an emerging market for cocoa consumption, should join the International Cocoa Organization (ICCO) to participate in policy dialogue, according to ICCO Executive Director Michel Arrion. India currently produces only 27,000 tonnes of cocoa annually and imports about 100,000 tonnes of cocoa-based products.
