Amazon India has yet again slashed the prices of its AI Alexa-enabled Echo smart speakers in the country. This step comes after a successful Freedom Sale by the e-commerce giant. Earlier, the company discounted the prices of its Echo smart speakers in the month of June and now again it has revised the prices in such a short period of time.
Avail the best Amazon Electronics coupons here
With the recent cut in prices, the price of Amazon Echo has come down to Rs 7,999. Amazon Echo was originally...
Jet Airways a major Indian international airline is going through a bad face as airline’s financials are not in a good shape due to which it has approached non-banking financial companies (NBFCs) to raise Funds.
The airline has been in talks with NBFCs to raise around Rs 1,500-2,000 crore against its forward sales, media reported on Friday.
Following the announcement, company’s shares rose by 2.8 percent to Rs 308.90 in early trade on Friday.
According to reports in media, in return to raised...
Indian Under-15 women's football team had progressed to the final of the SAFF U-15 Championship after defeating Nepal team with a scoreline of 2-1 in the semi-finals at the Changlimithang Stadium, Bhutan on Thursday.
India's Lynda Kom struck first in the 31st minute which was followed by Kritina Devi's 58th-minute goal that ultimately led the Indian Women to a hard-fought win over a determined Nepalese side after the opponents had found the net in the 37th minute through Rajani Thokar.
Star actress Priyanka Chopra welcomed her beau Nick Jonas along with his parents Kevin Jonas Sr and Denise Jonas who had arrived in India at Mumbai Airport on Thursday night.
The American singer Nick Jonas was dressed in an all-blue attire with a gold chain over it, had apparently come to India for their engagement party, which is set to take place over the weekend at the actress' home in Mumbai.
According to reports in media Nick, with his family and Priyanka had left from the airport in...
The last rites of the Former Prime Minister Atal Bihari Vajyapee were performed on Friday by his family at the Shanti Sthal in New Delhi
#WATCH live from Delhi: Last rites ceremony of former Prime Minister #AtalBihariVajpayee at Smriti Sthal https://t.co/HbeppXjsPz
— ANI (@ANI) August 17, 2018
Last rites ceremony of former PM #AtalBihariVajpayee underway at Smriti Sthal pic.twitter.com/ws2VYaKaHB
— ANI (@ANI) August 17, 2018
Tricolour wrapped mortal remains of former PM Atal...
Good news for the gold buyers as prices have tumbled to a 19-month low at Rs 30,340 per 10 grams at bullion market, media reported on Thursday.
Gold prices have been declining due to global cues and fall in demand from local jewellers. Followed by gold, silver has also faced a drop in prices by Rs 715 to Rs 38,000 per kg.
If we talk about the global trends, gold fell 1.59 percent to $1,174.70 an ounce and silver by 4.16 percent to $14.41 an ounce.
In Delhi, gold prices have plunged by Rs 290...
Home, Auto Loans EMIs To Come Down As RBI Cuts Rate By 0.50%
NEWS WORLD INDIA | 0
September 29 , 2015 , 11:10 IST
[caption id="attachment_99275" align="aligncenter" width="700"] RBI Governor Raghuram Rajan (File Image: AP)[/caption]
Home and corporate loans will cost less as the Reserve Bank on Tuesday lowered the key interest rate by 0.50 per cent - the biggest cut in over three years - to bolster the economy.
In its fourth bi-monthly monetary policy for the current fiscal, RBI cut benchmark repurchase (repo) rate from 7.25 per cent to 6.75 per cent, lowest in four-and-half-years.
RBI Governor Raghuram Rajan, who had faced growing pressure from the government as also industry to reduce one of Asia's highest borrowing costs, justified the bigger than expected reduction saying consumer inflation was likely to be at 5.8 per cent, below the 6 per cent target for January.
The focus should now shift to bringing inflation to around 5 per cent by March 2017, he said, adding that RBI will be vigilant for signs of monetary policy adjustments that are
needed to stick to the "deflationary path".
He also drew comfort from US Federal Reserve delaying the first hike in interest rates in nine years, which may have put emerging market currencies under pressure.
RBI lowered its economic growth forecast for the current fiscal to 7.4 per cent from its previous projection of 7.6 per cent.
"While the Reserve Bank's stance will continue to be accommodative, the focus of monetary action for the near term will shift to working with the government to ensure that impediments to banks passing on the bulk of the cumulative 125 basis points cut in the policy rate are removed," Rajan said.
The reduction comes on the back of interest rates being cut thrice earlier this year by 25 basis points each.
Within minutes of RBI policy announcement, Andhra Bank cut its benchmark lending rates by 0.25 per cent. The other banks are likely to follow suit.
In a bid to give boost to housing sector, the RBI proposed to reduce the risk weights on affordable housing applicable to lower value but well collateralised individual housing loans.
At present, the minimum risk weight applicable on individual housing loans is 50 per cent, it said.
RBI has kept the CRR intact at 4%.
RBI cuts FY16 real GDP growth estimate to 7.4%; expects pick up towards the latter part of the fiscal.
RBI says inflation is expected to reach 5.8% in January 2016.
Inflation to stay below January 2016 target of 6% in FY16; will average 5.5% for FY17.
RBI says limits for FPI investment in debt securities will be henceforth announced or fixed in rupee terms.
RBI to issue final guidelines on base rate computation by November-end.
Limit for FPI investment in govt bonds to be increased in phases to 5% of outstanding stock by March 2018: RBI.