Connect with us
Sunday,15-November-2026
Breaking News

Business

RBI likely to go in for another policy rate cut by year-end: Report

Published

on

Mumbai, Oct 19: The RBI is likely to go in for another policy rate cut before the end of the year, which, along with fiscal consolidation and domestic regulatory easing, would lead to a gradual recovery in credit demand, according to a Goldman Sachs report.

“We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We expect this, along with domestic regulatory easing, to foster a gradual recovery in credit demand,” the report said.

The report observes that the recent measures announced by the RBI should ease supply-side credit conditions; however, the extent of incremental lending will depend on the demand situation in the broader economy.

External headwinds continue to weigh on India’s outlook, including tighter US immigration costs for H-1B visas that affect Indian IT services, in addition to elevated US tariffs on Indian goods and “these factors could temper credit demand alongside broader macro uncertainty”, the report states.

India’s inflation rate based on the Consumer Price Index (CPI) declined to an over 8-year low of 1.54 per cent in September this year. This gives the RBI more space to focus on reducing the policy rate and injecting more liquidity into the economy to promote growth.

The RBI has raised its projection of India’s GDP growth rate to 6.8 per cent for 2025-26 from 6.5 per cent earlier, as the implementation of several growth-inducing structural reforms, including streamlining of GST, is expected to offset some of the adverse effects of the external headwinds, Reserve Bank Governor Sanjay Malhotra said earlier this month.

He pointed out that India’s GDP recorded a robust growth of 7.8 per cent in Q1:2025-26, driven by strong private consumption and fixed investment. On the supply side, growth in gross value added (GVA) at 7.6 per cent was led by a revival in manufacturing and steady expansion in services. Available high-frequency indicators suggest that economic activity continues to remain resilient. Rural demand remains strong, riding on a good monsoon and robust agricultural activity, while urban demand is showing a gradual revival, the RBI Governor further stated.

Business

IndiGo flight returns safely to Pune after landing gear snag

Published

on

An IndiGo flight bound for Guwahati returned safely to Pune airport on Sunday morning after experiencing a technical issue involving its landing gear shortly after takeoff, prompting the Indian Air Force to declare a full emergency as a precautionary measure.

The aircraft, operating as flight 6E 0623 (VT-IZE), had departed from Pune for Guwahati when the crew detected that the landing gear had failed to retract and remained extended.

The pilot immediately informed Air Traffic Control (ATC), following which airport authorities coordinated with IndiGo and other relevant agencies to manage the situation.

A full emergency was declared, and fire tenders, ambulances and emergency response teams were deployed and kept on standby to ensure the safety of passengers and crew.

As part of standard safety procedures, the aircraft conducted a low pass over the runway, enabling authorities to visually inspect the landing gear before approving its return.

The aircraft subsequently landed safely at Pune airport at 9.04 a.m. After touchdown, it was escorted to Bay No. 7 by emergency vehicles, including three fire-fighting trucks and two ambulances.

Following confirmation that the aircraft was in a safe and normal condition, the emergency was withdrawn at 9.10 a.m.

All 192 passengers and crew members were safely deboarded through an aerobridge, and no injuries were reported.

IndiGo said it has arranged an alternate aircraft from Bengaluru to operate the Pune-Guwahati service and minimise disruption to affected passengers.

In a statement, the airline said flight 6E 623 returned to Pune after a technical snag was detected shortly after takeoff and that all relevant authorities were informed in accordance with standard operating procedures.

“IndiGo flight 6E 623, operating from Pune to Guwahati on 15 November 2026, returned to origin and landed safely at the Pune International Airport after a technical snag was detected shortly after take-off. In line with standard operating procedures, all relevant authorities were immediately informed,” the spokesperson stated.

“The aircraft is undergoing maintenance checks and will resume operations after securing necessary clearances. An alternate aircraft has been arranged promptly to operate the flight,” the airline added.

IndiGo also said it is providing passengers with regular updates, meals and refreshments, alternative travel arrangements and refunds where applicable, while expressing regret for the inconvenience caused.

Continue Reading

Business

FII inflows, Nvidia earnings, oil prices among key factors to drive stock market next week

Published

on

Indian stock markets are likely to remain volatile next week as investors track foreign institutional investor (FII) flows, crude oil price movements, Nvidia’s quarterly earnings and changing interest rate expectations.

After a spectacular rally that pushed the Sensex and Nifty higher for 10 consecutive sessions, benchmark indices witnessed some profit booking towards the end of last week. However, sustained foreign inflows and resilient corporate earnings helped markets retain their weekly gains.

The Sensex declined 319 points to close at 81,592 on Friday (November 13), while the Nifty slipped over 155 points to settle at 25,144, snapping a three-session winning streak.

The correction came amid renewed concerns over global AI-related trade, rising crude oil prices and expectations of tighter monetary policy following a sharper-than-expected increase in domestic inflation.

One of the biggest factors influencing market sentiment next week will be the continuation of FII buying. Foreign investors remained net buyers of Indian equities for the tenth consecutive session on Friday, purchasing shares worth Rs 5,736.55 crore, according to provisional NSE data.

Crude oil prices will also remain on investors’ radar as geopolitical developments in the Middle East continue to create uncertainty over global energy supplies.

While comments from US President Donald Trump suggesting that the Iran war was effectively over initially eased concerns and triggered a decline in oil prices, fresh attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz led to a rebound.

Brent crude is currently hovering near $96 per barrel. Any further rise in oil prices could weigh on India’s macroeconomic outlook, inflation and corporate margins, while a sustained decline may support market sentiment.

Global technology stocks will also be in focus as investors await Nvidia’s quarterly earnings announcement scheduled for Tuesday (November 17).

The chipmaker’s results and management commentary could influence sentiment around the global artificial intelligence trade.

Any sharp movement in AI-related stocks may have an impact on Indian equities, particularly technology shares, as investors assess the implications for global growth and the competitive positioning of Indian IT companies.

Meanwhile, rising inflation has brought interest rate expectations back into focus. India’s retail inflation accelerated to 6.09 per cent in October from 5.54 per cent in September, breaching the Reserve Bank of India’s upper tolerance limit of 6 per cent.

The latest reading has strengthened concerns about the possibility of monetary tightening, with several economists anticipating a potential rate hike at the RBI’s December policy meeting. Market participants will closely assess the implications of higher inflation for borrowing costs, liquidity and economic growth.

Continue Reading

Business

FII inflows, Nvidia earnings, oil prices among key factors to drive stock market next week

Published

on

Indian stock markets are likely to remain volatile next week as investors track foreign institutional investor (FII) flows, crude oil price movements, Nvidia’s quarterly earnings and changing interest rate expectations.

After a spectacular rally that pushed the Sensex and Nifty higher for 10 consecutive sessions, benchmark indices witnessed some profit booking towards the end of last week. However, sustained foreign inflows and resilient corporate earnings helped markets retain their weekly gains.

The Sensex declined 319 points to close at 81,592 on Friday (November 13), while the Nifty slipped over 155 points to settle at 25,144, snapping a three-session winning streak.

The correction came amid renewed concerns over global AI-related trade, rising crude oil prices and expectations of tighter monetary policy following a sharper-than-expected increase in domestic inflation.

One of the biggest factors influencing market sentiment next week will be the continuation of FII buying. Foreign investors remained net buyers of Indian equities for the tenth consecutive session on Friday, purchasing shares worth Rs 5,736.55 crore, according to provisional NSE data.

Crude oil prices will also remain on investors’ radar as geopolitical developments in the Middle East continue to create uncertainty over global energy supplies.

While comments from US President Donald Trump suggesting that the Iran war was effectively over initially eased concerns and triggered a decline in oil prices, fresh attacks on Saudi energy infrastructure and disruptions to shipping through the Strait of Hormuz led to a rebound.

Brent crude is currently hovering near $96 per barrel. Any further rise in oil prices could weigh on India’s macroeconomic outlook, inflation and corporate margins, while a sustained decline may support market sentiment.

Global technology stocks will also be in focus as investors await Nvidia’s quarterly earnings announcement scheduled for Tuesday (November 17).

The chipmaker’s results and management commentary could influence sentiment around the global artificial intelligence trade.

Any sharp movement in AI-related stocks may have an impact on Indian equities, particularly technology shares, as investors assess the implications for global growth and the competitive positioning of Indian IT companies.

Meanwhile, rising inflation has brought interest rate expectations back into focus. India’s retail inflation accelerated to 6.09 per cent in October from 5.54 per cent in September, breaching the Reserve Bank of India’s upper tolerance limit of 6 per cent.

The latest reading has strengthened concerns about the possibility of monetary tightening, with several economists anticipating a potential rate hike at the RBI’s December policy meeting. Market participants will closely assess the implications of higher inflation for borrowing costs, liquidity and economic growth.

Continue Reading

Trending