In the previous reporting week, the overall reserves rose by USD 4.529 billion to USD 658.8 billion, the RBI said.
Tata Steel received an income tax order on Friday which increases its FY 2019 taxable amount, pertaining to the merger of Bhushan Steel with the Tata Group company back in 2019. Bhushan Steel has been renamed as Tata Steel BSL Limited, the company stated.
India's foreign exchange reserves witnessed a spike to USD 665.396 billion during the week ended March 28, the RBI said on Friday. The forex reserve increased for the fourth consecutive week, marking the highest level in nearly five months.
The Ministry of Labour and Employment has disbursed over Rs 32 crore as scholarship to more than 92,000 wards of Beedi, Cine and Non-Coal Mine Workers.
Biometric payments have become widespread in Russia, according to a report on Thursday.
The Indian Railways has achieved a significant milestone in FY25 by manufacturing 7,134 coaches, registering a 9 per cent growth from 6,541 coaches in the previous fiscal (FY24).
US markets on Thursday slid to their lowest in two years in the aftermath and response to President Donald Trump’s sweeping tariffs on imports from every trading partner country, while the US dollar slipped to its lowest level.
The SEBI order stipulates compliance with the Companies Act, 2013, and requires the government to report the acquisition to SEBI within 21 days.
The Trump tariff triggered selloff in IT, while pharma bucked the trend.
India faces a 26% reciprocal tariff—half of the 52% duty it levies on American imports. China, meanwhile, will see a 54% tariff in response to its 67% duty on US goods.
