Daily Newsletter | Thursday, August 03, 2017
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| Loans set to be cheaper as RBI softens stand |
| In the policy statement on Wednesday, the RBI said that some of the upside risks to inflation have either reduced or not materialised. In fact the path of inflaiton was below the projection made in June. Also the roll-out of the GST has been smooth and the monsoon normal. |
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| New SHAR facility to boost launch capability |
| The satellite launch capability of Indian Space Research Organisation (Isro) will soon get a boost as the country’s solitary launchpad centre at Sriharikota-based Satish Dhawan Space Centre will get a second vehicle assembly building by the end of this year. |
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| Woman held for forging papers to grab dead man’s property |
| Almost six years after the mysterious death of an octogenarian, P Balakrishnan (80), from Thaliparamba in the district, the police have arrested a 70-year-old woman from Payyannur, claiming to be his wife, on the charge of forging documents to grab his properties. |
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| A tomato bank in Lucknow for common man, by opposition |
| With the crazy price hike for tomatoes in the country at the moment, which has resulted in several thefts, the Congress party in Lucknow has come up with a novel idea to help locals and farmers protect their precious vegetable: A tomato bank! |
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| Barcelona confirm Neymar wants to to leave |
| Barcelona confirmed Neymar’s wish to leave the Catalan giants on Wednesday, but insisted the Brazilian’s 222 million euro ($260 million) buyout clause must be paid as his potential world record move to Paris Saint-Germain moved a step closer. |
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| Markets cold to RBI rate cuts; Sensex, Nifty close in the red |
| On Wednesday, the stock markets showed a sedate response to the RBI’s (Reserve Bank of India) decision of reducing key interest rates. The 30-share BSE Sensex closed at 32,476.74, down by 98.43 points while the broader 50-share NSE Nifty lost 33.15 points to end trading at 10,081.50. |
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| PNB first quarter profit rises 12 per cent, misses estimates |
| Net profit rose to Rs 343 crore for its fiscal first quarter ended June 30, from Rs 306 crore a year earlier, the New Delhi-based bank said on Wednesday. Analysts on average had expected a net profit of Rs 404 crore, according to Thomson Reuters data. |
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