"Our stance of withdrawal of accommodation should be seen in the context of ... our efforts to bring it back to the target on a durable basis," said Das in his monetary policy statement.
Das elaborated on liquidity conditions, ascribing them to external factors, and they were expected to rectify in the foreseeable future, bolstered by market interventions by the central bank.
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7 flights get bomb threats in 24 hours
Seven flights, including one bound for the US, received bomb threats through a social media handle on Tuesday, prompting security agencies to undertake specific counter-terrorist drills at various airports.
Avaada Energy closes â¹597 crore refinancing for its solar projects
Avaada Energy, an arm of Avaada Group, said it has closed approximately â¹597 crore ($71.1 Million) in refinancing for its commercial and industrial (C&I) solar projects in the states of Karnataka and Maharashtra.
IBM acquires SaaS firm Prescinto
Tech giant IBM said it has acquired Bengaluru-headquartered Prescinto, a leading provider of asset performance management software-as-a-service (SaaS) for renewables.
DGCA removes 'enhanced surveillance' on SpiceJet
The Directorate General of Civil Aviation (DGCA) on Tuesday removed SpiceJet from \"enhanced surveillance\" after the airline successfully raised â¹3,000 crore through a qualified institutional placement (QIP) process. The regulator will continue to conduct random spot checks of SpiceJet's operational aircraft to ensure safety.
PVR Inox to find its comeback role in Q4, says CFO
PVR Inox, India's largest film exhibitor, is banking on the anticipated success of its lineup of multi-starrer movies, including Singham Again, Bhool Bhulaiyaa 3, and Pushpa 2: The Rule (the Allu Arjun starrer will be released in five languages), to restore profitability.
HCLTech shares hit new high on solid Q2 results
Brokerages bullish on stock, raise EPS target
Framework for Cloud-driven AI needed: Jio exec
A general framework prioritising cloud-driven artificial intelligence (AI) and storing data in the country will be needed to fully utilise the potential of AI in India, according to a top Reliance Jio executive.
IndiGo gets Sebi nod to launch VC fund
India's largest airline IndiGo on Tuesday said that its corporate venture capital fund - IndiGo Ventures - has received approval from Securities and Exchange Board of India (Sebi).
Don't mistake pullback in equities for bear market
As India Inc prepares to report its performance for the second quarter of 2024-25 (Q2FY25), market movement, going ahead, will likely depend primarily on earnings growth, said VINIT SAMBRE, head-equities, DSP Mutual Fund, in an email interaction with Shivam Tyagi. Edited excerpts:
Sentiment positive for OMCs amid lower oil prices, marketing margins
Geopolitics is impacting the energy sector with crude oil prices falling below $70/barrel (bbl) last month for the first time since December 2021. And, gross refining margins (GRMs) have collapsed to $2/bbl, due to weak demand from China.
