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BusinessThe RBI increased the repo rate by 25 basis points in its October MPC meeting. This hike may lead to higher interest rates on fixed deposits (FDs) in the near future. However, banks might take some time to raise rates. Existing FDs will generally retain their original interest rates until maturity. New investors should monitor bank rates and consider diversifying FD durations.
News18Hi Business·
PoliticsCongress president Mallikarjun Kharge hosted a lunch meeting for INDIA bloc MPs at Sagar Ratna restaurant on Janpath, Delhi, following a high-voltage protest against Chief Election Commissioner Gyanesh Kumar and the Election Commission. The meeting aimed to discuss the Opposition's next steps regarding the Special Intensive Revision of electoral rolls and demands for the CEC's resignation. Security was heightened with police on standby due to recent confrontations.
News18··Delhi
BusinessFarmers in Jehanabad district have significantly reduced chemical farming, favoring organic methods. They believe organic farming improves physical health and benefits soil quality. Alongside better soil and health, farmers are earning up to ₹25,000 annually from vermicompost production, which has consistent demand throughout the year.
News18 Hindi··Jehanabad
PoliticsJammu and Kashmir has undergone a major administrative reshuffle with the transfer of 49 officers, including 42 IAS officials. The orders for these transfers were issued by Lieutenant Governor Manoj Sinha, marking a significant change in the region's bureaucratic setup.
News18 Hindi··Jammu and Kashmir
WorldJose Louies, CEO of Wildlife Trust of India, has tracked India's exotic pet trade for over 20 years. Initially limited to birds like parrots and cockatoos in circuses and discreet markets, the trade has expanded significantly since 2010, fueled by the internet. Despite efforts by forest departments and animal rights groups, the legal system struggles to keep pace with this growing industry.
The News Minute·
BusinessVedanta's board will meet on October 8 to decide on the first interim dividend for fiscal year 2026-27. The dividend amount is yet to be finalized. The company has set October 14 as the record date. Trading windows will remain closed for some designated persons until the Q2 results. In Q1, Vedanta's profit rose to ₹5,294 crore, with EBITDA up 13% to ₹8,501 crore.
News18Hi Business·
News18Hi Business·
The RBI increased the repo rate by 25 basis points in its October MPC meeting. This hike may lead to higher interest rates on fixed deposits (FDs) in the near future. However, banks might take some time to raise rates. Existing FDs will generally retain their original interest rates until maturity. New investors should monitor bank rates and consider diversifying FD durations.
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