INFRA NEWS

Office in Goregaon? Now, take a shuttle from WEH Metro station

Publication: TIMES OF INDIA Date : 06 AUGUST 2019

Mumbai: For those who get off at Western Express Highway Metro station and travel to the commercial hubs around Goregaon, the last-mile commute is all set to get comfortable. An AC shuttle bus service has been launched for peak hours from the station to Nirlon Knowledge Park and Infinity IT Park in Goregaon.

REALTY NEWS

Govt pushes banks to cut rates in slowdown battle

Publication: TIMES OF INDIA Date : 06 AUGUST 2019

New Delhi: The government on Monday prodded banks to speed up rate cuts, while seeking to include auto and housing loans under the 59-minute scheme to fast-track clearances and enhance flow of loans to the two sectors that are in the drip of a sharp slowdown.

Rupee sees biggest fall in 6 years

Publication: TIMES OF INDIA Date : 06 AUGUST 2019

Mumbai: The rupee recorded its biggest single-day fall in six years to breach the 70-level for the first time since May 2019 on the back of a crash in Chinese yuan coupled with the government’s political moves in Kashmir.

RBI's MPC meeting starts with expectation of another rate cut

Publication: MINT Date : 06 AUGUST 2019

Besides rate cut, the industry expects the MPC to take steps to improve liquidity situation, ensure transmission of rate cuts to borrowers by the banks In June policy review, the RBI had signalled more easing as it looked to support an economy growing at the slowest pace since the BJP came to power in 2014

RBI may have headroom for 25 bps repo rate cut

Publication: BUSINESS LINE Date : 06 AUGUST 2019

With the government having limited wiggle room for a stimulus package to lift the sagging economy, the Reserve Bank of India is expected to continue to do some heavy lifting to revitalise growth by cutting the policy repo rate by 25 basis points for the fourth time on the trot in the upcoming bi-monthly monetary policy review.