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New Delhi [India], Feb 8 : The Reserve Bank of India is expected to slash its key rates by 25 basis points in its Monetary Policy meet here today.

All eyes will be on Governor Urjit Patel's commentary on the inflation target and how he approaches the ultimate CPI goal of four percent.

According to a CNBC-TV18 poll, around 40 percent of the respondents suggest that the RBI may slash repo rate a total of 25 basis points in 2017, while the rest believe RBI to cut by 50 basis points this year.

However, the Consumer Price Index (CPI) based inflation came down to 3.6 percent in December due to decreased spending by cash strapped citizens in the aftermath of demonetisation.

New Delhi [India], Feb 8 : Paytm on Wednesday announced that its QR code based payment solution is now powering over 35 lakh merchants to accept digital payments.

The solution is actively used by consumers to pay at a wide range of merchants that include large organized retailers, hospitals, tolls, food courts to neighborhood shops.

Paytm was the first company to invest in QR Code-based payments and its unique scan-to-pay user flow is fast becoming ubiquitous with mobile payments across the country. This zero cost payment solution combined with Paytm's large customer base and breadth of use cases has enabled the company to build the largest and fastest-growing payment network in the country.

New Delhi [India], Feb 8 : As the Monetary Policy Committee of the Reserve Bank of India meets on February 7 and 8 for next bi-monthly credit policy, apex industry body ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the interest rates even as the industry would seek at least 50 to 75 basis point reduction in the benchmark lending rates, post demonetization.

New Delhi [India], Feb 8 : Apex industry body ASSOCHAM has said that fine prints of the electoral bond scheme for donations to the political parties by businesses and wealthy individuals should aim at maximizing clean-up of the system and transparency in political funding.

New Delhi [India], Feb 7 : V-Mart Retail Ltd. on Tuesday announced its unaudited financial results for the quarter ended on 31st Dec 2016, which were approved by the company's Board of Directors in a meeting held on 30th Jan 2017.

The company in its third quarter FY'17, recorded an increase in revenue by 23.4 percent to Rs. 326.90 crore is noted along with impressive growth in EBITDA by 61.5 percent to Rs. 48.30 crore and PAT by 81.2 percent to Rs. 27.21 crore QoQ.

During nine months period ending Dec 2016, the company reported an increase in revenue by 18.80 percent to 749.91 crore, EBITDA by 21.90 percent to Rs. 69.25 crore and PAT by 27.20 percent to Rs. 34.53 crore YoY.

New Delhi [India], Feb. 7 : Sagoon, a US/India-based social commerce startup, launched a Gen-Next, mobile-friendly chatting tool - MoodTalk, on Tuesday. Power packed with best in breed technology, the feature is engineered using new age technologies like angular and node, which makes chatting smoother, faster and fun to use with Sagoon.

Sagoon's MoodTalk is a chatting tool that helps users communicate using 'moods' - a feature for the real-time expression of moods. Whether a user is happy, sad, excited or experiencing any other emotion, they can let their moods do the talking, while chatting with friends and family. Furthermore, ensuring the security of its users, such delicate chats are designed to vanish automatically after 24 hours.