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BusinessToday.In
New Delhi, October 5, 2018
In an unexpected move, the Monetary Policy Committee of Reserve Bank of India (RBI) on Friday kept the repo rate unchanged at 6.5 per cent. The MPC changed the stance from 'neutral' to 'calibrated tightening'


PTI
October 5, 2018



PTI
October 5, 2018



BusinessToday.in
New Delhi, October 5, 2018
Mukesh Ambani gets richer by $9.3 bn this year; 5 new faces in Forbes India rich list; new IL&FS board meet: Will consider all options to revive company, says Uday Kotak; petrol, diesel prices see Rs 2.5-Rs 5 cut from today; here's how much it will cost your city; Chanda Kochhar quits as ICICI Bank CEO, Sandeep Bakhshi to take charge; soon Uber customers, drivers won't see each other's mobile number. Watch more in this episode of Business Wrap.


PTI
October 5, 2018



PTI
October 5, 2018



PTI
October 5, 2018



BusinessToday.In
October 5, 2018
Following the fourth bi-monthly monetary policy committee (MPC) meeting, the central bank changed its projection on the back of an unusually benign trend in food prices.


PTI
October 5, 2018



PTI
October 5, 2018



PTI
October 5, 2018



PTI
October 5, 2018



BusinessToday.In
October 5, 2018
The Reserve Bank of India's (RBI) monetary policy committee (MPC) will announce its key policy decision later this afternoon.


BusinessToday.In
New Delhi, October 5, 2018
Mukesh Ambani gets richer by $9.3 bn this year; 5 new faces in Forbes India rich listReliance Industries chairman Mukesh Ambani is the richest Indian for the 11th year in a row with a net worth of $47.3 billion, according to Forbes magazine.  The billionaire tycoon is also the year's biggest gainer, growing richer by $9.3 billion as his telecom startup Reliance Jio has seen continued success. Wipro chairman Azim Premji retained the second spot on the 'Forbes India Rich List 2018', adding...


BusinessToday.In
New Delhi, October 5, 2018
According to analysts the development was a huge negative surprise also because it is likely to be construed as reversal of the autofuel price deregulation policy by investors, and return to the erstwhile subsidy sharing mechanism.


Prosenjit Datta
New Delhi, October 5, 2018
PM Modi got lucky in the early part of his tenure when crude prices fell sharply. But in the run up to the elections, his luck on the economic front seems to have run out.


PTI
October 5, 2018



BusinessToday.In
New Delhi, October 5, 2018
The share prices of the state-owned OMCs, which had tanked 10.5-12.23% yesterday following the announcement, are yet to recover. BPCL (down 22.55%) and HPCL (down 21.35%) were reportedly among the top losers in opening trade this morning.


BusinessToday.In
New Delhi, October 5, 2018
The Centre has reduced the central excise duty levied on fuel by Rs 1.50 and asked the oil marketing companies to cut another Re 1 per litre. Around 14 states have also cut VAT on fuel so far.


PTI
October 4, 2018



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