RBI hikes repo rate by 50 bps to 5.90%; home, car loans to be impacted and more

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Top Story   RBI hikes repo rate by 50 bps to 5.90%; home, car loans to be impacted and more   With a hike in repo rate, EMIs for home, car and personal loans are also likely to go up.

RBI MPC Announcements   After ADB, Fitch Ratings and Goldman Sachs, RBI now projects lower GDP growth for 2022-23   The second downward revision in real GDP in six months follows a setback in first-quarter GDP when the actual GDP of 13.5% was significantly lower than the RBI's estimate of 16.2%. Are there any more surprises in store?

In Focus   Fiscal deficit touches Rs 5.41 lakh crore between April and August   As per the Finance Ministry, the Centre is targeting a fiscal deficit of Rs 16.61 lakh crore for FY23, or 6.4% of GDP.

BT Magazine   Have Money, Will Spend: India's Roaring Luxury Market   As the Indian luxury market roars ahead, global giants are also planning big moves to get a slice of this lucrative pie.

BT TV   "Weakening of Rupee is because of strengthening Dollar": SBI's Chief Economist   Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI in conversation with BT TV's Siddharth Zarabi talks about the weakening of the Rupee, the strengthening of the Dollar and the correlation between the two.

Personal Finance   RBI MPC meet: Expect a 8-9% rise in home loan EMIs after today's repo rate hike   With RBI hiking lending rates again, real estate market is embracing for a dip in demand for homes with interest rates surging.

Stock Market   Up to 105% rally in 2022! These 14 Tata stocks zoom despite fall in group's m-cap   With a rally of 105.50%, TRF is the top grosser among the Tata group stocks. Shares of the company jumped to Rs 289.75 on September 29, 2022, from Rs 141 on December 31, 2021.

Start-ups   Nikhil Kamath, Sujeet Kumar, Ankit Nagori pledge to give away 25 per cent wealth to charity   India's start-up founders have pledged to give away 25% of their wealth to charity and along with this have raised Rs 40 cr for an education project.

Auto Updates   Mercedes-Benz launches India's first locally-assembled luxury EV; Priced at Rs 1.55 cr   The company said that India is the first market outside Germany to manufacture the EQS 580 4MATIC.

Box Office   Why Mani Ratnam's Ponniyin Selvan-1 may not do a Baahubali at the Hindi box office   Muted marketing and promotions in Hindi may dampen the Tamil film's chances of joining the south's recent pan-Indian superhit brigade, say experts.

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