MPC Minutes: War against inflation not yet won, premature to declare end to tightening cycle, says Jayanth Varma

Jayanth Varma, one of the members of the Monetary Policy Committee (MPC), argued that the war against inflation has not yet been won and it would be premature to declare end to the rate-tightening cycle, showed the minutes of the MPC meeting held on April 3-6. The MPC on April 6 chose to retain the repo rate at the same level taking into account the turmoil caused by global banking crisis and the contagion risks. Read here.

Take a look at these key events

Civil Services Day

Mid and small cap shares show promising signs of recovery

After struggling over the last one year, midcap and smallcap stocks are showing signs of renewed strength on hopes of demand and earnings growth following a rate pause by the Reserve Bank of India, among other factors. Read more here.

EBITDA seen growing 17%, Reliance Retail and Jio to be steady

India's most valuable company Reliance Industries Ltd (RIL) is likely to report double-digit growth in consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) for the December-March quarter when it reports its earnings on April 21, according to a Moneycontrol poll. Retail and telecom - two segments that have been powering growth for the diversified conglomerate are expected to continue their steady run. Read here.

Mankind Pharma trades in single-digit premium in grey market before April 25 IPO

Mankind Pharma shares managed to attract single-digit premium in the grey market on the day of price band announcement and ahead of the IPO launch. The expensive valuations and only offer for sale portion in the IPO may be reasons for low premium, experts said. The offer will open for subscription in the coming week on April 25 and the closing date would be April 27, 2023. Read here.

Looking to earn a fixed income? The best investment options for you

From corporate and bank FDs to bonds and mutual funds, high interest rates currently prevailing in the economy provide ample opportunity to earn high returns by taking nil to a little bit of risk. Still, some due diligence is required. So, choose your options wisely. Read more here.

Apple Saket launch: Fan gets iPhone 4S framed collection set signed by Tim Cook

In the New Delhi launch on Thursday, a fan named Lakshya arrived at the store with a framed collection set of all the parts of the iPhone 4S. The significance of this Apple product was it was the first iPhone that Cook had launched as an Apple CEO. Watch.