India's Central Bank Lowers Key Rate to 5.5% in Surprise Move
India's central bank surprised with a bigger-than-expected interest rate cut to boost the economy, as trade uncertainties cloud growth prospects.
The Reserve Bank of India's six-member monetary policy committee, headed by Governor Sanjay Malhotra, voted to lower the benchmark repurchase rate by 50 basis points to 5.5% Friday. The move was predicted by only one of the 34 economists surveyed by Bloomberg and marks a third straight cut.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
25 minutes ago
- Business Upturn
Nifty 50 top gainers this week (June 7): Eternal, Shriram Finance, Dr. Reddy's, Mahindra & Mahindra and more
Indian stock markets closed the week on a positive note, rebounding after two straight weeks of losses. A surprise policy pivot by the Reserve Bank of India (RBI) boosted investor sentiment, especially in rate-sensitive sectors such as financials and real estate. The NSE Nifty 50 index climbed 1% on Friday to close at 25,003, while the BSE Sensex surged 747 points on Friday to end at 82,189. The Nifty Bank index also gained traction, rising nearly 2% during the week to finish at 56,578. Several Nifty 50 stocks posted impressive weekly gains, with Eternal, Shriram Finance and Dr. Reddy's leading the charge. Let's take a look at the top gainers of Nifty 50 this week, as per Trendlyne data. Top Stock Gainers This Week (Ending June 7, 2025) Eternal gained 9.9% this week, closing at ₹261.9. Shriram Finance rose 7.7% , ending the week at ₹688.3. Dr. Reddy's Laboratories increased 5.6% , with a closing price of ₹1320.9. Mahindra & Mahindra advanced 4.4% , closing at ₹3106.5. Adani Ports & Special Economic Zone was up 2.7% , settling at ₹1471.7. Hindalco Industries added 2.6% , finishing the week at ₹650.2. Cipla also gained 2.6% , with a closing value of ₹1504.2. Jio Financial Services climbed 2.6% , ending at ₹294.0. Trent moved up 2.4% , closing the week at ₹5777.0. Power Grid Corporation edged higher by 2.1%, with a closing price of ₹295.8. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Dr Reddy'sEternalMahindra & MahindraShriram FinanceStock Market Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
25 minutes ago
- Business Upturn
Nifty 50 top losers this week (June 7): HDFC Life, TCS, Tata Steel, SBI Life, Bajaj Finserv, Tata Motors and more
By Aman Shukla Published on June 7, 2025, 10:06 IST Indian stock markets closed the week on a strong footing, bouncing back after two consecutive weeks of losses. The bullish sentiment was fueled by a surprise policy pivot from the Reserve Bank of India (RBI), which provided a boost to investor confidence, particularly in interest rate-sensitive sectors like financials and real estate. The benchmark NSE Nifty 50 index rose by 1% on Friday, closing at 25,003. Meanwhile, the BSE Sensex surged 747 points on Friday to settle at 82,189, as market optimism returned. The Nifty Bank index also saw strong gains, rising nearly 2% to end the week at 56,578. Several major stocks underperformed this week, with HDFC Life, TCS and Tata Steel leading the losses. Let's take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne. Nifty 50 Top Losers This Week HDFC Life Insurance closed at ₹755.1, falling 2.8% over the week. Tata Consultancy Services ended at ₹3,384.2, registering a 2.3% weekly decline. Tata Steel settled at ₹157.5, down 2.2% for the week. SBI Life Insurance closed at ₹1,780.6, slipping 1.7% over the past five sessions. Bajaj Finserv finished at ₹1,990.0, losing 1.4% on a weekly basis. Tata Motors closed at ₹711.0, down 1.2% this week. Hero MotoCorp ended the week at ₹4,268.0, falling 1.0% . Asian Paints closed at ₹2,245.2, down 0.6% over the week. Larsen & Toubro ended at ₹3,656.3, declining 0.5% . Wipro closed at ₹248.6, marking a 0.4% fall this week. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Bajaj FinservHDFC LifeNifty 50SBI LifeTata MotorsTata SteelTCS Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Entrepreneur
an hour ago
- Entrepreneur
From Charging Phones to Powering Homes: How Ambrane Became a INR 260 Cr Bootstrapped Electronics Brand
"One day, I was in the metro carrying a power bank. A man saw it and asked, 'What are you doing with this gadget?' I said, 'I'm charging my phone.' He asked, 'Will it charge mine too?' That's when it hit me that we were solving a real problem people hadn't even named yet," says Ashok Rajpal, Founder and Director, Ambrane Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In 2012, when mobile phones were becoming smarter and India was just stepping into its digital journey, a young brand called Ambrane quietly took root. Its mission was simple—make smart technology accessible and affordable for every Indian household. "We saw a big shift happening," recalls Ashutosh Rajpal, Founder and Director, Ambrane. "Technology was moving fast from IT to mobility, and smartphone penetration was rising. That's when we realised the need for compact and convenient gadgets like power banks, tablets, and routers." That vision was soon translated into action. Long before the 'Make in India' initiative was officially launched in 2014, Ambrane had already set up its own manufacturing unit. "We wanted to try innovations in-house not just to build better products, but also to create more jobs and income for our country," Rajpal shares. Charging Ahead in a New Market Launching a new tech product in India wasn't easy. In 2012, the concept of a power bank was still foreign to most people. "One day, I was in the metro carrying a power bank. A man saw it and asked, 'What are you doing with this gadget?' I said, 'I'm charging my phone.' He replied, 'Will it charge mine too?' That's when it hit me that we were solving a real problem people hadn't even named yet." Rajpal remembers the biggest initial challenge for his company was distribution. "At that time, most businesses relied on traditional distribution channels, which were hard for a new brand like ours. But e-commerce gave us a lifeline, it allowed us to reach consumers directly and educate them about our products." Today, Ambrane is one of India's top-selling electronics brands, especially in the charging and mobility segment. With products across power banks, smart plugs, grooming tools, audio devices, and smart home appliances, the brand has grown far beyond its early offerings. "We're present almost everywhere now, from D2C on our website, Amazon, Flipkart, Blinkit, and also in offline distribution and B2B channels," says Rajpal. "More than 60 per cent of our business comes from e-commerce and quick-commerce platforms." The focus of the brand is clear: reach more Indian households, especially in smaller cities. "We've built a strong base in major cities, but now we're expanding rapidly into tier 2, 3, and 4 markets. Our goal is to reach deep into India." Homes, AI & Global Play Ambrane isn't just sticking to its roots but evolving. The brand has already entered the smart home category with products like air purifiers and vacuum cleaners. "Yes, we've started launching smart home appliances, and the response has been great. We're planning to go big in that space," Rajpal confirms. While commenting on the AI integration, Rajpal says, "Right now, our focus is on appliances, but we know that technology is evolving fast. We've already worked on smart plugs years ago, and we're planning more AI-enabled products soon." With a strong domestic base and an annual turnover of INR 260 crore, Ambrane is now eyeing international markets. "Last year, we started working with some global partners. This year, we're focusing on Eastern markets and participating in events like GITEX in Dubai. Next year, we're heading to CES," says Rajpal. Despite this growth, Ambrane has stayed completely bootstrapped, with over 600 employees, including manufacturing staff. "We haven't raised any external funding yet. But now we're open—if the right opportunity comes, we'll consider it to help us grow faster." Lessons for the next-gen entrepreneurs When asked what advice he'd give to young entrepreneurs, Ashutosh keeps it real, "You have to listen, learn, and act. Understand the market deeply and know your consumers. Presentation matters, a good product alone is not enough if people don't know about it. And above all, quality is key." As for the future of D2C and AI, he believes data will lead the way. "In the age of AI, data is everything. If you understand it well, you can solve real problems. Use AI for smarter marketing, better systems, and even product innovation," he concludes. Quick Facts
