New Delhi, August 6 (PTI) Following are the top business stories at 1855 hours: DCM30 BIZ-2NDLD RBI RBI hits pause button on interest rate cut; allows loan restructuring Mumbai: The Reserve Bank on Thursday kept interest rates on hold to contain elevated inflation, even as it allowed banks to restructure some corporate and individual loans as part of efforts to revive the economy that faces its first contraction in more than four decades. DEL49 BIZ-RBI-LD INFLATION Headline inflation to remain elevated in Q2FY21: RBI Governor Das Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the country’s headline inflation is expected to remain elevated during the second quarter of the current fiscal year and may subside thereafter.
DCM42 BIZ- LD RBI-GROWTH Protracted spread of COVID-19 poses downside risk for economy: RBI Mumbai: Sounding a note of caution that the protracted spread of COVID-19 pandemic poses 'downside risk' for the domestic economy, RBI Governor Shaktikanta Das on Thursday said the central bank will use the available monetary space 'judiciously' to boost growth.
DEL78 BIZ-LD STOCKS Markets march higher on RBI stance; IT, financials spurt Mumbai: The Sensex surged 362 points while the Nifty reclaimed the 11,200-mark on Thursday after the RBI left interest rates unchanged but maintained an accommodative stance to shore up growth.
DEL76 BIZ-RBI-LD LIQUIDITY Easy liquidity led to faster monetary transmission; banks pass on 1.62% rate cuts in 17 mths: RBI Mumbai: The Reserve Bank on Thursday said monetary transmission has improved considerably due to comfortable liquidity conditions and banks have passed on the benefit to borrowers by reducing lending rates by about 1.62 per cent in the last nearly one-and-a-half years.
DEL68 BIZ-GOLD-PRICE Gold rises Rs 225, silver jumps Rs 1,932 New Delhi: Gold prices rose by Rs 225 to Rs 56,590 per 10 gram in the national capital on Thursday, in line with a strong rally in international price of the precious metal, according to HDFC Securities.
DEL61 BIZ-RBI-NABARD-NHB RBI announces special liquidity facility of Rs 10,000 cr for Nabard, NHB Mumbai: The Reserve Bank on Thursday announced an additional special liquidity facility (ASLF) of Rs 10,000 crore equally split between Nabard and the NHB to help small financiers and home loan companies amid COVID-19 difficulties.
DCM39 BIZ-RESULTS-VODA IDEA Voda Idea Q1 losses mount to Rs 25,460 cr on provisioning for statutory dues New Delhi:India's third largest telecom operator Vodafone Idea on Thursday reported a sharp rise in its losses to Rs 25,460 crore for the April-June quarter of 2020-21 due to high provisioning for statutory dues.
DEL83 BIZ-LD RUPEE Rupee settles flat at 74.94 against USD after RBI keeps rates on hold Mumbai: The rupee pared initial gains and settled on a flat note at 74.94 against the US dollar on Thursday after the RBI kept interest rates unchanged.
DCM19 BIZ-VIRUS-GLENMARK Glenmark to launch higher strength of FabiFlu New Delhi: Drug firm Glenmark Pharmaceuticals on Thursday said it will launch a 400 mg version of oral antiviral drug FabiFlu for the treatment of mild and moderate COVID-19 in India.
DCM15 BIZ-RBI-PRIORITY SECTOR RBI to bring start-ups under priority sector lending category Mumbai:The Reserve Bank of India (RBI) on Thursday decided to broaden the scope of Priority Sector Lending (PSL) by including start-ups and enhancing borrowing limits for renewable energy sectors.
DCM12 BIZ-RBI GOLD LOAN-LTV RBI raises LTV ratio for gold loans to 90 pc Mumbai:The Reserve Bank of India on Thursday raised the permissible loan to value (LTV) ratio for gold loans for non-agricultural purposes to 90 per cent from 75 per cent.
DCM10 BIZ-RBI-RESTRUCTURING RBI extends loan restructuring facility to corporates Mumbai: The Reserve Bank of India (RBI) on Thursday announced a loan restructuring window for corporates following bankers and industry demand. PTI SHW SHW