RBI Holds Rates Again, Bumps up FY24 Growth Forecast to 7%
The central bank of India, RBI, has made the decision to maintain interest rates and its monetary policy stance for the fifth consecutive review meeting. This is in response to efforts to reduce inflation and ensure it meets the mandated target. The RBI has also revised its forecast for economic growth in FY24, indicating robust demand.
Nifty Scales 21k Intraday; Sensex Nears 70k Mark
Indian stocks reached new closing highs on Friday, with the Nifty briefly surpassing 21,000 during early trade. This was primarily driven by gains in large-cap bank and IT stocks. However, the market experienced some fluctuations throughout the session, as there were concerns about the rapid pace of the market’s recent rise.
Worked 70+ Hours a Week For Over 40Yrs, wasn’t a Waste
NR Narayana Murthy, co-founder of Infosys, remains unfazed by the controversy he sparked when he suggested that young people should work for 70 hours a week to boost productivity and enhance India’s competitiveness.
