Zomato raises $250 million from 5 different investors Food delivery platform Zomato has raised $250 million from five different investors as part of a primary fundraising round. The transactions valued Zomato at a post-money valuation of $5.4 billion, Info Edge, which holds a stake in the company, said in a regulatory filing. Info Edge's stake in the company stands at 18.4 per cent after the fundraising  round. Growth momentum needs to strengthen further for sustained economic reviva...

As per MPC minutes, Governor Shaktikanta Das said the sharp correction in food inflation has improved the near-term headline inflation outlook, although core inflation pressures persist

Although banks have bolstered their capital buffers in comparison to the global financial crisis, the stress in the financial sector's balance sheets could intensify, noted MPC member Michael Debabrata Patra

SBI also retained its forecast for 11 per cent growth in India's GDP in financial year 2021-22.

Finance Minister Nirmala Sitharaman in her Budget speech announced Rs 12 lakh crore of central government's gross borrowing in FY22 and an additional Rs 80,000 crore in rest of FY21

Reserve Bank says the decision was taken after reviewing current liquidity and financial conditions, and that the move will foster \"congenial financial conditions\"

Currently, there exists a window for retail investors where they can place their buy and sell orders through intermediaries, but participation remains low

Real GDP growth is projected at 10.5 per cent in 2021-22 - in the range of 26.2 to 8.3 per cent in H1 and 6.0 per cent in Q3, RBI's Monetary Policy Committee (MPC) stated in its growth outlook

RBI MPC meet announcements: The Governor said that this move would broaden investor base and provide retail investors with enhanced access to participate in the government securities market

The RBI has projected real GDP growth at 10.5 per cent for the next financial year

Last month, PMC Bank administrator A K Dixit in a letter to customers and stakeholders had informed that three prospective investors were given time till February 1, 2021 for submission of their final offer

The RBI had earlier announced its intent to come out with an official digital currency, in the face of proliferation of cryptocurrencies like Bitcoin about which the central bank has had many concerns

There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present

RBI MPC meet: The constitution of the expert committee and its terms would be announced shortly, the apex bank said

Fund managers disappointed as there was no mention of open market operations by RBI. They were expecting some announcement on OMOs, amid big borrowing plans announced by Finance Minister Nirmala Sitharaman

In October last year, the RBI had announced on tap targeted long term repo operations (TLTRO) scheme for banks

Das says retail inflation has \"returned within the tolerance band\" of 4 per cent. RBI has the mandate to keep retail inflation at 4 per cent with a bias of plus/minus 2 per cent on either side

In its last monetary policy review of this fiscal, the RBI has decided to keep the key repo rate unchanged at 4 per cent with accommodative stance to ensure that inflation remains within the target, RBI Governor Shaktikanta Das said

The projection by the RBI governor is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week

RBI Governor Shaktikanta Das said the central bank's market operations amidst the pandemic dispelled illiquidity fears and bolstered financial market sentiment.