The Reserve Bank of India (RBI) today cut its benchmark interest rates (repo rate) for the fifth time this year to boost economic growth. The RBI today cut repo rate by 25 basis points to 5.15%, which takes its cumulative cuts so far this year to 135 bps. The RBI also cut its GDP growth estimates to 6.1%, from earlier estimate of 6.9%.

TVS Motor Company on Friday announced the new TVS Apache RTR 200 4V with Bluetooth-enabled SmartXonnect mobile application technology.

The motorcycle will be equipped with a connected cluster and a gold finish racing chain, it said in a statement.

The Sensex continued its losing streak on Thursday. The benchmark has given up over 800 points in the last four sessions as the Dow lost 800 points over two days over investors remaining worried over slowing growth globally. India markets, too, remained weak for both domestic and global concerns. While the Sensex gave up 198.54 points, or 0.52%, to end the session at 38,106.87 points, the broader Nifty50 settled at 11,314 points, down 45.90 points.

Taking lessons from last year’s failed attempt to privatise Air India, the government has, this time round, decided to share the actual “sale and purchase agreement (SPA)” privately with prospective bidders at the EoI (expression of interest) stage itself to help them take long-term view of the various liabilities and accordingly plan their funding for the deal.

The fresh EoI, being prepared under the supervision of a home minister Amit Shah-led ministerial panel, would be out later this month.

Moody’s Investors Service on Thursday said if a non-government firm takes over the entire government stake in BPCL, it would likely downgrade the state-run oil marketing company by two notches to Ba1, which denotes medium-grade and is subject to moderate credit risk. Whether BPCL is to be privatised or sold to another PSU, the proposed stake sale of 53.29% government stake in the company will prompt bond redemption and attendant refinancing risks, the rating agency added.

Apart from mapping coal stocks in mines, the portal will also help stakeholders monitor the movement of railway rakes and coal availability at power plants. In line with the government's predisposition for acronyms, Prakash stands for ‘Power Rail Koyla Availability through Supply Harmony’.

The government on Thursday launched a web portal, Prakash, with a view to improving coordination between the power, coal and railway ministries to ensure coal supplies to power plants.

A session after witnessing their biggest single-day fall, shares of YES Bank rebounded to stage their biggest single-day rise on Thursday.

The swift jump came after the lender clarified that Tuesday's fall was precipitated by a share sale triggered by invocation of pledge of shares of co-promoter Rana Kapoor.

Facebook may be ordered to patrol its platform across the world to remove offensive and defamatory posts by users in the European Union, the bloc’s highest court ruled in another landmark privacy decision.

European courts can force platforms such as the social-network giant to seek and destroy such content once they’ve been alerted, the EU Court of Justice in Luxembourg said in a binding decision on Thursday.

Credit and Finance for MSMEs: Public sector lender Bank of Baroda (BOB) has partnered with NBFC Paisalo Digital to lend co-originate loans to MSMEs and agribusinesses. Prospective customers will be reached out by the bank and Paisalo followed by the due diligence to offer loans between Rs 10,000 and Rs 40,000. The agreement will focus on empowering small businesses particularly in the state of Uttar Pradesh (UP).

The initial public offering of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed 77.91 times so far on the final day of bidding on Thursday.

The IPO to raise about Rs 645 crore received bids for 157 crore shares against the total issue size of 2 crore scrips, according to data available with the exchanges till 1530 hours.

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