India’s forex kitty at $634.59 billion, gold reserves rise by $824 million
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended January 3, data released by the Reserve Bank of India (RBI) on Friday showed.
This stellar performance by nation’s largest life insurer exceeds the insurance industry’s growth of 14.41 per cent and the private life insurers’ growth rate of 14.55 per cent, the data showed.
Union Minister of Commerce & Industry, Piyush Goyal has said that the Product Linked Incentives (PLIs) and subsidies are detrimental to long-term growth and development of the clean energy sector.
The Adani Group on Friday raised about Rs 4,850 crore after selling 13.5 per cent of its stake in Adani Wilmar.
These startups have created over 1.6 million jobs across the country, demonstrating their role as significant employment generators.
India's largest retailer Reliance Retail Limited on Thursday launched a premium fashion and lifestyle store brand AZORTE. With a store size of around 18,000 square feet, the first AZORTE store opened its doors at 1 MG-Lido Mall, MG Road, Bengaluru.
Elon Musk-run Tesla has appointed billionaire and Airbnb Co-founder Joe Gebbia to its board of directors. According to a filing with the US Securities and Exchange Commission (SEC), Gebbia has replaced Oracle Chairman and CTO Larry Ellison who left the board earlier this year.
Budaun Hardoi Road Private Ltd (BHRPL), Hardoi Unnao Road Private Ltd (HURPL) and Unnao Prayagraj Road Private Ltd (UPRPL) -- wholly owned subsidiaries of Adani Enterprises Ltd (AEL) -- have achieved Financial Closure for the access-controlled six lane (expandable to eight lane) greenfield Ganga Expressway Project (Group-II, III & IV) in Uttar Pradesh (UP) respectively on DBFOT (Toll) basis under PPP mode.
A common currency needs robust financial systems and markets, as well as strong institutional support. Not all ASEAN countries have such institutions to deal with the threats to the financial sector, which have increased in recent years. Then there is the lack of control over national monetary and fiscal policies, restricting the governments’ sovereignty and autonomy.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to raise the policy rate ranging between 35 to 50 basis points (bps) on Friday, experts believe.
