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  • Karnataka govt slashes stamp duty charges to 3%; Maharashtra announces 1% stamp duty cut for women homebuyers Mar 08, 2021 07:25 PM IST

    Karnataka govt slashes stamp duty charges to 3%; Maharashtra announces 1% stamp duty cut for women homebuyers

    Real estate experts welcomed the move, saying it would encourage women buyers in Maharashtra to come forward and purchase property and provide an impetus to affordable housing in Karnataka.

  • RBI repo rate cut set to provide major fillip to real estate Aug 02, 2017 04:50 PM IST

    RBI repo rate cut set to provide major fillip to real estate

    Real estate and banking experts anticipate the home loan interest rate to hover around 8 percent once the banks decide to pass on the benefit to consumers.

  • ATF price cut by 5%; subsidised LPG hiked by Rs 5.5 Apr 02, 2017 12:21 PM IST

    ATF price cut by 5%; subsidised LPG hiked by Rs 5.5

    Aviation turbine fuel (ATF) price has been cut by over 5 per cent, reversing a two-month rising trend, while rates of subsidised LPG were hiked by Rs 5.57 per cylinder.

  • China to cut five lakh jobs in coal, steel sector Mar 01, 2017 05:16 PM IST

    China to cut five lakh jobs in coal, steel sector

    China today said it will cut five lakh jobs from steel, coal and other heavy industries to reduce excess production capacity amid slowdown of the world's second largest economy.

  • RBI's policy decision slightly negative for India equities,INR Feb 09, 2017 12:40 PM IST

    RBI's policy decision slightly negative for India equities,INR

    The Reserve Bank's decision not to cut key policy rates is slightly negative for Indian equities and rupee in the near term, says a Nomura report.

  • Govt may announce incentives for gems & jewellery in Budget Jan 23, 2017 08:24 PM IST

    Govt may announce incentives for gems & jewellery in Budget

    The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.

  • Post-demonetisation, IMF cuts India's growth to 6.6% Jan 16, 2017 07:42 PM IST

    Post-demonetisation, IMF cuts India's growth to 6.6%

    The IMF today cut India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also decelerated India's growth estimates.

  • Axis Bank cuts MCLR by up to 70 bps Jan 13, 2017 05:24 PM IST

    Axis Bank cuts MCLR by up to 70 bps

    Country's third biggest private sector lender Axis Bank today cut its interest offering by up to 0.70 percent, following similar moves by all the major players in the system due to high liquidity post demonetisation.

  • Reserve Bank unlikely to cut key rate in February: Report Jan 05, 2017 04:36 PM IST

    Reserve Bank unlikely to cut key rate in February: Report

    Reserve Bank is unlikely to cut repo rate in the February review meeting due to the prevailing global uncertainties and it's stance may continue to be accommodative next year as inflation is expected to remain benign, according to a report.

  • Boeing airplane unit to cut more jobs in 2017 Dec 20, 2016 07:36 AM IST

    Boeing airplane unit to cut more jobs in 2017

    Boeing Co's commercial airplane unit said on Monday it would cut an as-yet undetermined number of jobs in 2017 after slashing its workforce by 8 percent in 2016, as it struggles to sell planes in the face of a strong dollar.

  • RBI cuts rate by 25 bps, warns of inflation, keeps GDP forecast Oct 04, 2016 02:30 PM IST

    RBI cuts rate by 25 bps, warns of inflation, keeps GDP forecast

    The decision of the monetary policy committee (MPC), headed by new RBI governor Urjit Patel, will likely cheer business leaders and households as cheaper loans will aid investment and spending.

  • Industry divided on impact of gas price reduction Sep 30, 2016 06:36 PM IST

    Industry divided on impact of gas price reduction

    As the government on Friday cut gas prices to USD 2.5 mmbtu till FY17-end, industry experts seemed divided on the benefits of the reduction. While former ONGC Executive RS Sharma was critical of the pricing policy, IIFL's Sanjiv Bhasin said the cut was a win-win situation for customers.

  • Lending rates are headed lower: Chanda Kochhar Aug 18, 2015 02:27 PM IST

    Lending rates are headed lower: Chanda Kochhar

    With inflation under control, lending rates will gradually come down as India is moving towards softer interest rate environment, largest private sector lender ICICI Bank CEO Chanda Kochhar said today.

  • Lakshmi Vilas Bank cuts deposit rates by 0.30% Jul 15, 2015 10:25 PM IST

    Lakshmi Vilas Bank cuts deposit rates by 0.30%

    South-based lender Lakshmi Vilas Bank on Wednesday cut deposit rates in two buckets by up to 0.30 percent.

  • Petrol price hiked by Rs 0.64/litre; diesel cut by Rs 1.35 Jun 15, 2015 07:44 PM IST

    Petrol price hiked by Rs 0.64/litre; diesel cut by Rs 1.35

    Oil marketing companies today said they would hike the price of petrol by Rs 0.64 per litre and cut diesel prices by Rs 1.35 per litre, effective midnight June 16.

  • HDFC cuts loan rates by 20bps to 9.9% Apr 10, 2015 07:17 PM IST

    HDFC cuts loan rates by 20bps to 9.9%

    In a statement, the company said the reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs).

  • TRAI reduces ceiling tariffs for national roaming wef May 1 Apr 09, 2015 03:53 PM IST

    TRAI reduces ceiling tariffs for national roaming wef May 1

    The regulator has cut ceiling tariff on outgoing local voice call on roaming to Rs 0.80 per minute.

  • ICICI Bank cuts base rate by 25 bps to 9.75% wef April 10 Apr 07, 2015 08:20 PM IST

    ICICI Bank cuts base rate by 25 bps to 9.75% wef April 10

    Apart from cutting the minimum lending rate, India's largest private sector lender has also cut rates on some retail fixed deposits effective the same date.

  • Petrol price cut by 49 paise, diesel by Rs 1.21 Apr 01, 2015 12:00 PM IST

    Petrol price cut by 49 paise, diesel by Rs 1.21

    Prior to the increases in February, petrol price had been cut on ten occasions since August 2014 and diesel six times since October 2014.

  • RBI may cut rates by another 50 bps by June 2015, says HSBC Jan 30, 2015 10:02 AM IST

    RBI may cut rates by another 50 bps by June 2015, says HSBC

    The space to cut more is constrained by the RBI‘s intention to achieve a further reduction in inflation amid rising growth, and a possible rebound in commodity prices

  • CNBC-TV18 Exclusive: Rate cut on anvil, says FinMin source Jan 14, 2015 10:38 AM IST

    CNBC-TV18 Exclusive: Rate cut on anvil, says FinMin source

    Consumer inflation rose 5 percent in December, compared to 4.38 percent in November. However, the December inflation reading was less than what most economists and bankers were expecting

  • Banks not cutting rates, but not my job to tell them: Rajan Dec 02, 2014 03:09 PM IST

    Banks not cutting rates, but not my job to tell them: Rajan

    All I am saying that even though rates have come down, the banks have not passed it on,Rajan said.

  • IOC cuts petrol price by Rs 2.4/ltr, diesel by Rs 2.25/ltr Oct 31, 2014 07:52 PM IST

    IOC cuts petrol price by Rs 2.4/ltr, diesel by Rs 2.25/ltr

    Indian Oil Corporation announced it would cut the retail price of petrol by Rs 2.41 per litre (in Delhi) and of diesel by Rs 2.25 per litre, with effect from midnight of October 31/November 1. The new price of petrol in Delhi would be Rs 64.24 per litre while that of diesel would be Rs 53.35 per litre.

  • Government may dole out lower diesel prices as Diwali gift Oct 08, 2014 05:26 PM IST

    Government may dole out lower diesel prices as Diwali gift

    Oil marketing companies have seen a profit of Rs 1.90 per litre in the September16-October 1 fortnight, but the government is not likely to pass on the full benefit.

  • Gold duty-cut hopes dim despite CAD cheer Mar 10, 2014 10:18 AM IST

    Gold duty-cut hopes dim despite CAD cheer

    The chances of a cut in gold duty in the near term appear to be slimming even as an improvement in trade data makes a case for easing some curbs on the yellow metal.

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