1/11 International Day of Yoga will be observed on Wednesday. Across the world, it has been celebrated every year on June 21 since 2015, following its inception in the United Nations General Assembly (UNGA) in 2014.Originated in ancient India, Yoga is a physical, mental, and spiritual practice. In his UN address in 2014, Prime Minister Narendra Modi […]
Day: January 4, 2023
IRFC stock surges to record high; check expert view on the stock and scope for profit bookingIRFC stock surges to record high; check expert view on the stock and scope for profit booking
The stock price of Indian Railway Finance Corp (IRFC) surged nearly 10% and hit all-time high of Rs 84.80. The market capitalisation of the stock crossed Rs 1 lakh crore during the intra-day trade on September 11, 2023 surpassing Bharat Electronics Bank of Baroda and Gail India. IRFC has now become the 10th most valuable […]
Re-shaping financial landscape: The future of MCLR in IndiaRe-shaping financial landscape: The future of MCLR in India
By Vivek Iyer To understand the future of the Marginal Cost of Funding Linked Rates (MCLR) in India, it is imperative to understand the objectives of the Monetary Policy of the Reserve Bank of India (RBI). The RBI Monetary policy has three objectives (1) price stability (2) economic growth and (3) exchange rate stability. The […]