Uncertainty, risks cloud outlook: RBI
The Hindu
‘Demand-supply imbalances may exert pressure on food prices; banks must gird for higher provisions’
Embattled by new waves of COVID-19 infections and mutant strains of the virus, the slow pace of inoculation in several parts of the world and vaccine protectionism, the global and domestic outlook has once again turned grim and overcast with extreme uncertainty and downside risks, the Reserve Bank of India (RBI) said in its annual report for 2020-21. “Country experiences underscore the paramount need for speedy and universal vaccination on a war footing — the virus will mutate as long as it stays with humans; nobody is safe until everyone is safe,” the RBI added.
Reliance Infrastructure Ltd reports increased net loss in December quarter, despite rise in total income.
Volvo Trucks introduces India's first Road Train solution, optimizing logistics efficiency with increased cargo capacity and government certification.
BSNL returns to profitability after 17 years, marking a significant turning point with growth in services and subscriber base.
DPIIT reviews 21 issues in Gujarat and Rajasthan infrastructure projects, emphasizing inter-ministerial and State coordination for resolution.
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
Taiwan's top tech official emphasizes the need for global semiconductor industry division of labor, not monopolization.
Cupid Ltd reports increased profits, appoints new Chairman, and expands market presence with new products and manufacturing facility.
Lok Sabha committee, led by BJP's Baijayant Jay Panda, to examine Income-Tax Bill 2025 with 31 MPs.
SEBI rejects Gaekwad's plea for competing open offer, solidifying Burman Group's acquisition bid for Religare Enterprises.
Mahindra & Mahindra's electric SUVs XEV 9e and BE 6 receive 30,179 bookings worth ₹8,472 crore on opening day.
Maxivision Group acquires Ojas Eye Hospitals in Mumbai to expand operations in Maharashtra with Rs.500 crore investment.
Markets tumble as Sensex and Nifty decline, with investors wary of foreign fund outflows and muted earnings.
Johnson & Johnson introduces TECNIS PureSee IOL for presbyopia in India, offering high-quality vision and reduced visual symptoms.