Why RBI's 7.2% GDP forecast doesn't add up amid rate hikes, US recession & more

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ECONOMY   Why RBI's 7.2% GDP forecast doesn't add up amid rate hikes, US recession   The GDP recovered to 8.7 percent in 2021-2022, following a sharp decline of 7.3 per cent during the first Covid years of 2020-21.

PERSONAL FINANCE   RBI hikes repo rate again: What it means for your investments   India's apex bank has so far raised the repo rate by 140 basis points since embarking on a tightening cycle at an unscheduled policy meeting in May this year.

MAGAZINE   What the future holds for Akasa air   As India's newest airline prepares for take-off, here's what its future may hold in the country's intensely competitive aviation market.

ECONOMY   Rs 400 cr spent on ayurveda, yoga, other alternative medicine research: Govt   Minister of Ayush (Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy) Sarbananda Sonowal said in the Lok Sabha that the ministry has established central research institutes functioning under the purview of five research councils.

ECONOMY   Inflation in India: RBI Governor feels the worse is over but it's still bad   The MPC, in its August meeting, said that the Consumer Price Index (CPI) based inflation, which RBI factors in while fixing its benchmark rate, stood at 7.01 per cent in June.

TECHNOLOGY   Apple likely to ship iPhone 14 from India simultaneously alongside China   The recent chain of events, including lockdowns in China due to COVID-19 and reducing dependence on just one country (the plus one strategy) that every company is seriously working towards, could have been the reason.

MAGAZINE   How Rakesh Jhunjhunwala guarded his portfolio amid the turmoil   Big bull Rakesh Jhunjhunwala has kept his portfolio largely unchanged during the April-June quarter amid the bloodbath in the market.

AUTO   Pace of bookings not expected to go down despite longer waiting periods: Mahindra & Mahindra   "Semiconductor crisis is largely abated. Demand is what is driving the higher wait times now," Anish Shah, MD and CEO, M&M, told reporters at its post-results press conference.

MARKETS   Weekly market wrap: Sensex, Nifty extend gains for third straight week   The 30-share Sensex advanced 1.42 per cent to 58,387.93 on August 5 from 57,570.25 on July 29. Likewise, the 50-share Nifty index gained 1.39 per cent to 17,397.50.

BT TV   FADA Exclusive On Auto Sales, Spl Report On Sectors Attracting FDIs & More   Another rate hike from the MPC remains on the cards. Auto sales take a big hit in July, slipping 8 per cent YoY. Okinawa's first public comment post the EV fires, a special report on the top five sectors attracting FDI equity inflow. These & many more stories on #BusinessTodayTV.

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