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News digest: Noel may join Tata Trusts, RBI keeps rate unchanged, and more

From Jet promoters closing to a deal with lenders to RBI holding rate, again, BS brings you up to date with the latest news

RBI Governor Urjit Patel (third from left) with Executive Director M D Patra, and deputy governors (from left) N S Vishwanathan, Mahesh Kumar Jain, B P Kanungo, and Viral Acharya after the fifth bi-monthly monetary policy meeting in Mumbai on Wednesd
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RBI Governor Urjit Patel (third from left) with Executive Director M D Patra, and deputy governors (from left) N S Vishwanathan, Mahesh Kumar Jain, B P Kanungo, and Viral Acharya after the fifth bi-monthly monetary policy meeting in Mumbai on Wednesd

BS Web Team
RBI holds rate, for now

The Reserve Bank of India (RBI) on Wednesday kept policy rates and stance unchanged but cut its inflation expectations sharply, for now, owing to the recent correction in crude oil prices.
 
RBI Governor Urjit Patel indicated that the policy course could change soon, depending upon the movement in oil prices. Read more

Noel may join Tata Trusts

There could be a rethink at the $103-billion salt-to-software Tata group on Noel Tata, chairman of Trent and managing director of Tata International. As Tata Trusts, a cluster of charitable organisations that controls

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