India’s foreign exchange reserves up almost $50 billion since July
Kolkata: India’s foreign exchange reserves surged by nearly $50 billion since July as inflows swelled into the banks’ foreign currency non-resident bank (FCNR-B) following the…
Why are US stocks falling this week? Rising Treasury yields, Iran tensions weigh on markets
US stock futures moved higher on Friday after US markets fell sharply on Thursday. However, the main stock indexes were still expected to end the…
DGFT relaxes One Star Export House norms, exporters can qualify on performance in any two of three preceding years
The government on Friday relaxed the eligibility criteria for One Star Export House status, allowing exporters to qualify based on their export performance in any…
Foreign trade policy changes to boost rupee internationalisation, add flexibility for exporters: CII’s Sanjay Budhia
New Delhi, The amendment in certain provisions of the Foreign Trade Policy to make it easier for exporters to invoice overseas sales and receive payments…
E-bike maker Ultraviolette in talks to raise $45-50 million: Sources
Electric motorcycle maker Ultraviolette is in talks to raise $45-50 million from existing investors including Speciale Invest and TDK Ventures as part of its ongoing…
Why is crypto suddenly rallying? Bitcoin jumps 20% as $2.7 billion short squeeze hits
Bitcoin was on track to gain around 20% this week as of early Friday. The world’s largest cryptocurrency has jumped sharply after several positive developments…
India’s forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India’s foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of…
RBI Board reviews global, domestic challenges, economic outlook risks
Chennai: The Central Board of Directors of Reserve Bank of India (RBI) on Friday reviewed global and domestic challenges, including risks to the economic outlook….
Gold price today: Check 22K, 24K rates in Delhi, Bengaluru, Chennai and Mumbai
Gold prices remained elevated across major Indian cities on Friday, with Delhi recording the highest rate for 24-karat gold among the cities covered. A salesman…
Expensive living? Inflation hits coriander to cars in India
The next time you pick up a packet of biscuits, a tube of toothpaste or a bottle of hair oil, you may find that the…