News Overview

The company will provide managed services for specific products and industry solutions

RBI has also clearly disassociated their rate actions from the US FED.

All stocks on the BSE Sensex were in positive territory, with Wipro, Infosys, Bajaj Finance, Tech Mahindra, and Power Grid Corp leading the gains.

Wipro revealed significant deal bookings for the full fiscal year at $4.6 billion in its fourth quarter earnings for FY24, a 17.4% YoY growth.

The Governor mentioned that input costs and food inflation are still high and could pose risks to upside.

Unchanged Repo Rate supports affordability, confidence in housing market

In our opinion, with growth expected to remain firm, the last phase of dis-inflation towards the 4% target remains arduous and hence the RBI would be willing to bide its time.

Currently, the central bank is keeping an eye on data to determine whether any more actions are required.

While the RBI did maintain rates, the question is whether they had the opportunity to give a pre-emptive boost.

The lenders had previously advocated a collective CIRP in the hopes of receiving a higher price for the three firms.