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In a landmark decision, the Reserve Bank of India has slashed the repo rate by 25 basis points to 6.25%, its first rate cut in nearly five years.
Sanjay Malhotra, RBI governor in his maiden policy announcement said the MPC agreed in unison with the cut as it moves to boost economic growth in view of easing inflation. The central bank also downgraded its growth projection for FY26 to 6.7%, citing geopolitical tensions, trade restrictions, and volatility in the financial market as headwinds.
Governor Malhotra emphasized that inflationary pressures have moderated, creating room for this policy adjustment. However, he cautioned that India’s economic expansion is expected to remain below last year’s levels.
The GDP outlook for the first quarter of FY26 was revised to 6.7% from 6.9%, while growth for Q2 was lowered to 7% from 7.3%. Both Q3 and Q4 projections stand at 6.5%.
It fits analysts’ expectations that RBI would act on slowing economic momentum and liquidity constrains.
The food delivery company, Zomato, announced that it will now be branded as Eternal Ltd as its officially designated company name. The development, according to CEO Deepinder Goyal, will reflect how the company operates outside of a single food-delivery business.
However, the Zomato brand and the app will remain the same, thus not disrupting users’ continuity.
Goyal added that rebranding was internal since the acquisition of Blinkit; expanding to grocery, logistics, and cloud kitchens called for such a move. Eternal Ltd will now house Zomato, Blinkit, District, and Hyperpure.
Renaming has resulted in mixed feelings on social media, as some users relish memories of Zomato, while others pointed out that this was not a change required to be done.
The change is subject to approval from shareholders and the regulatory bodies.
Telugu actor Naga Chaitanya’s new film, Thandel, released in the theatres today and his wife Sobhita Dhulipala, is one of his biggest fan.
Taking to Instagram, Sobhita shared the film’s poster and appreciated Chaitanya for his dedication. She described Thandel as an ‘extraordinary’ love story, expressing excitement for audiences to experience it. The film, which stars Sai Pallavi opposite Chaitanya, is based on a true incident from 2018, where fishermen from Srikakulam, Andhra Pradesh, inadvertently drifted into Pakistani waters and were detained.
Fans are eagerly anticipating how the film will do on the box office, considering how much it feels like a ‘real-life inspiration’ and deeply emotional.
The unexpected resurgence of box office for romantic drama Sanam Teri Kasam, releasing in 2016, from Harshvardhan Rane and Mawra Hocane.
The film has already sold 20,000 tickets within the first 12 hours of its pre-sales after being set to return to theaters on February 7, 2025; a far cry from its lackluster release. The movie has since earned cult status after its music, performances, and emotional storyline caught the attention of audiences over time.
Trade analysts are predicting a very good ₹2 crore opening, much better than the film’s ₹1 crore opening in 2016. The re-release will compete with Badass Ravi Kumar, Loveyapa, and Hindi releases of Interstellar.
With nostalgia on its side, Sanam Teri Kasam is going to do much better than its first run.
The new action-thriller Vidaamuyarchi by Ajith Kumar has opened well in India, raking in ₹22 crore on its opening day.
Directed by Magizh Thirumeni, it is an adaptation of the 1997 Hollywood thriller Breakdown.
The film has received good reviews and, with strong theater occupancy—reaching over 90% in cities like Trichy and Pondicherry—is expected to maintain momentum over the weekend.
Ajith’s last release, Thunivu, debuted to a groaning ₹24.4 crore in 2023, and all eyes are on whether Vidaamuyarchi will surpass this in the coming days.
The business world has been all abuzz about the interesting case of Mohini Mohan Dutta, with the mystery man said to have inherited an astonishing ₹500 crore from the will of Ratan Tata.
Stallion, which merged with Tata Group’s subsidiary in 2013, is the travel agency that entrepreneur from Jamshedpur, Dutta, operated.
He also associated himself with TC Travel Services once part of Thomas Cook.
Despite being confused and perplexed at his considerable inheritance, people around Tata know him for having had a long relationship with Tata’s family.
With two daughters and one of whom worked for Tata Trusts, the connection with this legendary businessman runs far deeper than is initially assumed.
In rescheduled Serie A Inter Milan missed its chance to return to the top of Serie A as a rescheduled match ended in a crushing 3-0 defeat to Fiorentina.
Initially delayed on December 1 when Edoardo Bove collapsed in the field, the match continued from the 17th minute at 0-0.
Moise Kean was too dominant for his two goals. The solid defense of Fiorentina kept all of Inter’s attack at bay.
This is a loss to end Inter’s 17 games unbeaten run and leaves the team second behind Napoli in the table.
Both teams will play again at San Siro on Monday, providing Inter with the chance to reclaim.
India begin their ICC Champions Trophy 2025 preparations on a high as India won the first ODI against England by four wickets.
Shubman Gill, who was out of form during the Border-Gavaskar Trophy, made a comeback, scoring 87 from 96 balls with 14 boundaries.
Batting at No.3 in Virat Kohli’s absence, Gill anchored the innings alongside Shreyas Iyer (59) and Axar Patel (50) as India chased down 248 in 38.4 overs.
With two ODIs remaining before the Champions Trophy kicks off, Gill’s return to form is a big positive for Team India.
The next match is scheduled at Barabati Stadium in Cuttack on February 9.
Australia’s build-up to the ICC Champions Trophy 2025 has been shaken, with four key players being ruled out of contention.
Out: Captain Pat Cummins (ankle injury) Josh Hazlewood (hip issue) Mitchell Marsh (back injury) Marcus Stoinis (ODI retirement)
With the captain out of the fray, selectors are reportedly considering Steve Smith and Travis Head for the job.
Australia, in Group B, will play their first Champions Trophy match against England on 22nd February, followed by South Africa on 25th February and Afghanistan on 28th February.
Marcelo, a former left-back for Real Madrid and Brazil, has officially announced his retirement from football at 36.
Marcelo, who played for 15 years at Madrid, won five Champions League titles, six La Liga trophies, and 25 overall honors with the club.
In an emotional video on X, he said, “My journey as a player ends here, but I still have so much to give to football.”
After a short stint at Olympiakos, Marcelo returned to Fluminense, where he won the Copa Libertadores before hanging up his boots.
His retirement marks the end of an era for one of football’s greatest left-backs.
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