Recent Posts
India raises $73 bn in forex inflows at record pace
India has mobilised total foreign exchange inflows of $73 billion in less than 11 weeks, in the largest and fastest-ever foreign-currency mobilisation exercises undertaken globally….
Full flow FCNR deposits could hit $100 billion, beat estimates
Mumbai: Strong momentum in foreign currency non-resident (bank), or FCNR (B), deposit inflows over the past week has prompted some analysts to raise their estimates…
Stock market today: S&P 500, Nasdaq fall as Nvidia, chip stocks slide; Dow rises
US stocks were mixed on Monday. The S&P 500 fell 0.3%, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average gained 142 points,…
Strategy raises $2 billion, builds $1.59 billion cash pool as Michael Saylor pauses Bitcoin buying
Strategy has raised about $2 billion in fresh cash by selling common shares over the past week. The company is building a larger cash buffer…
Commerce minister Piyush Goyal asks Japanese companies to deepen localisation in India
Tokyo: Commerce and industry minister Piyush Goyal Monday urged Japanese auto companies and capital goods firms to deepen their localisation in India, establish more research…
India to amend rules within two months to ease semiconductor, auto component manufacturing: Piyush Goyal
Tokyo: India will amend regulations and introduce new rules within two months to address concerns raised by semiconductor and automotive component manufacturers, commerce and industry…
Onion prices up 59%, govt ramps up ‘Kanda Express’ supplies to cool market
New Delhi, The Centre has started moving bulk onion stocks through dedicated railway rakes – the ‘Kanda Express‘ – from Nashik in Maharashtra to major…
Alibaba stock plunges 8.5% after $10.2 billion AI fundraise; top bosses buy shares
Alibaba Group has raised HK80$ (10.2 billion) through a new share sale in Hong Kong. The money will be used entirely to expand the company’s…
Healthtech startup Healthify merges with US-based Berry Street
Bengaluru-based Healthify has merged with US nutrition care company Berry Street in an all-stock deal, combining the former’s AI-led health platform with Berry Street’s insurance-backed…
India’s exports to Iran set to fall further due to Dubai halt, US sanctions
NEW DELHI – Planned new U.S. sanctions on Iran and the UAE’s halt on Tehran trade could severely disrupt Indian exports of rice, tea and…