Forex reserves soar to $707 billion, highest so far in current fiscal
Mumbai: India’s foreign exchange reserves rose $14.1 billion to $707 billion in the week ended August 7, the highest total reserves in this fiscal year….
Sugar stock scrutiny on the rise as prices hit record high
Pune: The government has stepped up scrutiny of sugar stocks as prices surge to record highs, with the food ministry seeking consumption data from large…
RBI may stay nimble on rates as growth is seen slowing to 6.6%: Report
New Delhi: Reserve Bank of India’s (RBI) may remain flexible on policy rates in the next Monetary Policy Committee (MPC) meet as growth is expected…
Global energy, weather risks threaten further easing in wholesale inflation: Economists
New Delhi: Wholesale inflation in the country is likely to remain elevated despite a marginal easing in July, with global energy prices, geopolitical uncertainty and…
US says India, 40 others enabling Chinese goods to bypass tariffs
New Delhi: The US has named India, along with 40 others, of being part of a “shadow trans-shipment network” that allegedly allows Chinese goods to…
India’s April-June balance of payments records $8.1 billion deficit, June turns surplus
BENGALURU: India’s balance of payments recorded a deficit of $8.1 billion in the April-June quarter, compared with a surplus of $4.5 billion a year earlier,…
Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors
Tata group firm Voltas and Atomberg Technologies’ engineering arm plan to set up a 50:50 joint venture to develop and manufacture room air conditioner (AC)…
Redcliffe Labs, Skyroot Aerospace to test diagnostic reagents in orbit
Y Combinator backed diagnostic chain Redcliffe Labs and spacetech startup Skyroot Aerospace have partnered to send reagents into low Earth orbit (LEO) to study how…
Pernia’s Pop-Up Shop likely to launch Rs 660 crore IPO by August-end
Purple Style Labs, the parent company of Pernia’s Pop-Up Shop, is likely to launch its Rs 660 crore initial public offering (IPO) by the end…
RBI shortens FCNR (B) deposit swap window to Aug 31
Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August…