The deposit rate was cut by a quarter-point to 3%—as predicted by all but one analyst in a Bloomberg survey. That brings total easing since June to 100 basis points.
Indicating its shifting stance, the ECB's statement dropped wording saying policy will remain "sufficiently restrictive" for as long as necessary.
Denne historien er fra December 13, 2024-utgaven av Financial Express Pune.
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Denne historien er fra December 13, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Godrej Consumer opens ₹515-cr Chennai unit
GODREJ CONSUMER PRODUCTS (GCPL) on Monday inaugurated its first integrated greenfield manufacturing plant in Chengalpattu district on the outskirts of Chennai, with an investment of ₹515 crore.
NCLAT upholds nod to ICICI Sec delisting
THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) on Monday dismissed appeals challenging the National Company Law Tribunal's order that had allowed ICICI Securities to proceed with its proposal to delist from the stock exchanges.
Mark Carney wins race to lead Liberal Party, and Canada
FORMER CENTRAL BANKER Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.
How a personal problem led to a solution for many
IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.
Chhattisgarh liquor scam: ED raids premises of former CM Baghel, son
The Enforcement Directorate (ED) on Monday conducted searches at 14 locations in Chhattisgarh's Durg district, including the residence of former chief minister Bhupesh Baghel and his son Chaitanya, in connection with an alleged liquor scam.
Noida Airport opening delayed to June qtr: Zurich Airport CFO
THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.
Stop asking for tax cuts, Gadkari tells India Inc
UNION MINISTER NITIN GADKARI on Monday asked the industry not to perpetually demand a reduction in taxes as the government needs funds to implement welfare schemes for the poor.
Over 82% USAID projects cancelled
SECRETARY OF STATE Marco Rubio said he had officially canceled 83% of USAID's contracts and that his agency will administer its few remaining programs.
'Account discrepancy to hit net worth'
EARLIER IN THE DAY, shares of IndusInd Bank plunged nearly 6% intraday to their lowest level since July 2022 after the RBI granted CEO Sumant Kathpalia only a one-year extension, against the board application for three years.
Indices Fall on Tariff Concerns; VIX Jumps
SHARES ENDED LOWER on Monday, with the broader market seeing sharper cuts, as concerns over US tariffs and the ongoing market decline kept investors on edge.
