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BusinessBankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon, ending the rate-cut cycle that started in February 2023. Economists predict inflation will surpass RBI forecasts, requiring monetary tightening. Experts believe resilient economic growth will allow RBI to act despite external pressures, focusing on liquidity management and policy alignment.
TOI Business·
BusinessSaudi Arabia has reduced the official selling price of its Arab Light crude for Asian buyers by $5 a barrel below the Oman-Dubai average for November, marking the biggest discount since June 2020. This unexpected cut comes amid rising oil prices above $100 a barrel and increased geopolitical risks after Yemen’s Iran-backed Houthis attacked Saudi Aramco sites. Heavier crude grades saw even deeper discounts of $5 per barrel.
Firstpost Business·
TechnologyAM Intelligence, backed by Greenko founders, has placed a binding order for 20,000 Nvidia Rubin GPUs worth about $4 billion. The order aims to establish a 70MW capacity setup, according to two sources familiar with the development in New Delhi.
Mint Companies··New Delhi
EntertainmentDrishyam 3, starring Ajay Devgn and directed by Abhishek Pathak, has crossed ₹175 crore in three days and is set to surpass ₹200 crore. Abhishek's wife, actor Shivaleeka Oberoi, shared a video of herself emotional while watching the film, moved by a thank you note from her husband in the end credits. She praised his vision and expressed gratitude for the journey despite challenges.
HT Entertainment·
EntertainmentRihanna responded indirectly to EJ Johnson's remarks about her being late to the postponed Paris Fashion Week Dior show. Johnson shared a video outside a Paris hotel, claiming the show was delayed by an hour because of Rihanna's tardiness. This exchange highlights ongoing tensions among celebrities related to event delays during Fashion Week.
TOI Entertainment··Paris
BusinessIndia's GDP growth rate for Q2 of 2026-27 is disputed, with figures ranging from 2.6% to 7.8%. The debate centers on trust in government data and methodology, which frequently change. A key issue is the informal sector, comprising about 90% of the workforce, which is underrepresented in official statistics. The Periodic Labour Force Survey (PLFS) also has gaps, especially missing migrant and precarious workers, affecting accurate economic measurement.
Deccan Herald·
TOI Business·
Bankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon, ending the rate-cut cycle that started in February 2023. Economists predict inflation will surpass RBI forecasts, requiring monetary tightening. Experts believe resilient economic growth will allow RBI to act despite external pressures, focusing on liquidity management and policy alignment.
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