Markets
Monetary Policy: RBI Hikes Interest Rates Again; Loans To Get Costlier
The Reserve Bank of India on Wednesday raised interest rates for the second straight meeting, but retained its "neutral" stance as it aimed to contain inflation while not choking growth. In its third bi-monthly policy review, the central bank kept the GDP forecast for the current fiscal unchanged at 7.4 per cent and saw it at 7.5-7.6 per cent in the second half of the current fiscal. [Full Article...]
Dixons Carphone cyberattack affected 10 million customers

McDonald’s apologizes after serving pregnant Canadian woman cleaning solution in her latte

Huawei takes No 2 spot in phone sales

United States considers increasing planned tariffs on $270b in Chinese imports
Washington imposed additional 25 per cent tariffs on $34 billion of Chinese goods July 6 in response to complaints Beijing steals or pressures companies to hand over technology. Investors fear an escalating trade war between Washington and Beijing could hit global growth, and prominent USA business groups have condemned Trump's aggressive tariffs. [Full Article...]
BMW to build €1 billion vehicle factory in Hungary

Durex recalls condoms over concerns they could burst

RBI increases key rate to 6.5% on inflation worries
It is the first time since October 2013 that the rate has been increased at consecutive policy meetings. With a general rise in the interest rate in the financial system, the EMIs you pay on your home and auto loans have been rising. Inflation is a worry: Good monsoon and a higher-than-usual increase in government-guaranteed price for crops will raise farmers' income, then rural demand and then i... [Full Article...]