The Reserve Bank of India is widely expected to cut interest rates in the forthcoming monetary policy review on December 5. However, the bad news is that a majority of economists polled by TOI expect the RBI to cut its repo rate by 25 basis points to 4.9% which would be immediately transmitted to retail borrowers as banks now link loans to an external benchmark.

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Congress on Sunday latched on to Rahul Bajaj’s remarks at the Economic Times Awards for Corporate Excellence on Pragya Thakur, tax terrorism and fear of criticising the government on Saturday night to say, “It can be difficult to speak truth to power.

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After breaking the 11-month-long sales decline rout in October, car and SUV sales again returned with negative numbers in November as wholesale deliveries to retailers went down due to post-festive buyer fatigue and addition of less inventory after clearance of BSIV models. Except for Hyundai that had a 2% growth in numbers, the other major players had negative numbers.

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More than 22,000 employees of Bharat Sanchar Nigam Ltd (BSNL) have opted for its VRS plan, within two days of the state-owned corporation announcing the scheme, a senior official said on Thursday. In all, nearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of 1.50 lakh. The scheme that was rolled out on November 5 will be open till December 3.

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More than 22,000 employees of Bharat Sanchar Nigam Ltd (BSNL) have opted for its VRS plan, within two days of the state-owned corporation announcing the scheme, a senior official said on Thursday. In all, nearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of 1.50 lakh. The scheme that was rolled out on November 5 will be open till December 3.

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Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday, as the government plans roadshows in Singapore and London to entice investors. Qatar Airways CEO Akbar Al Baker added that he is interested in buying a stake in IndiGo but this is not the right time as issues among promoters are yet to be resolved.

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A slowing domestic economy will prevent India’s rupee from recouping this year’s losses against the dollar in 2020, with optimism around an easing in the US-China trade dispute not enough to give it a further boost, a Reuters poll showed.

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The government has no plans to participate in the rescue of Dewan Housing Finance Corporation Ltd (DHFL), according to two sources involved in talks on how to restructure the shadow bank’s near Rs 1 lakh crore ($14 billion) debt.

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Finance minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC). The FSDC is the apex body of sectoral regulators. The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent.

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