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 Home, auto and other loan EMIs will rise after Reserve Bank of India on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in rise in prices that it saw continuing to hurt consumers in the near term. With inflation persistently hovering above the upper tolerance limit of 6 per cent, the RBI’s six-member rate-setting panel voted unanimously to raise the lending rate of the repurchase (repo) rate by 50 basis points to 4.90 per cent, Governor Shaktikanta Das said. The…

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 Union Minister Nirmala Sitharaman on Tuesday said regulators and other entities should be well advanced and ahead of the curve in understanding digitisation to ensure that there is no misuse of technologies. Sitharaman, who is in charge of finance and corporate affairs ministries, also emphasised the need to have firewall mechanisms in the context of digitisation. The decade from 2020 and upwards will be infused with digital methods, she added. Sitharaman was speaking at the event to flag off Iconic Day celebrations of the corporate affairs ministry as part of…

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Benchmark indices continued to fall on Monday, with the Sensex declining 227 points in early trade as investors remained cautious amid unabated selling by foreign funds and elevated crude oil prices. The 30-share BSE Sensex was trading 226.7 points lower at 55,542.53 points. The broader NSE Nifty fell by 67.05 points to 16,517.25 points. From the Sensex pack, Tech Mahindra, Asian Paints, Wipro, Hindustan Unilever Limited, Bajaj Finserv, Infosys, Tata Steel and Titan were the biggest laggards. In contrast, M&M and Axis Bank were the gainers. Elsewhere in Asia, markets…

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