RBI’s efforts to stabilise rupee drain $5.14 bn from forex reserve

A strong US dollar and subsequent interventions by the country’s central bank to stabilise the rupee drained over $5.14 billion from India’s foreign exchange (forex) reserves, analysts said on Friday. According to... Read more »

India might be removed from US currency monitoring list

The United States might exclude India from “the monitoring list” of its “major trading partners that merit close attention to their currency practices and macroeconomic policies”. The US in April 2018 included... Read more »

Reliance Jio posts Rs 681 crore profit in Q2

Reliance Jio, a subsidiary of Reliance Industries Limited, on Wednesday said it posted a standalone net profit of Rs 681 crore in the quarter through September on the back of (as yet)... Read more »

Weak rupee benefited Infosys in Q2: CFO M.D. Ranganath

A weakening rupee against a strong US dollar benefited Indian software export major Infosys in the second quarter of fiscal 2018-19, said its Chief Financial Officer (CFO) M.D. Ranganath on Tuesday. “We... Read more »

India’s September wholesale inflation rises to 5.13%

┬áIndia’s annual rate of inflation based on wholesale prices increased to 5.13 per cent in September from a rise of 4.53 per cent in August, official data showed here on Monday. Even,... Read more »

Sugar mills worry over surplus, talk of ‘industry collapse

With the availability of sugar set to reach an unprecedented level of 44 million tonnes thanks to huge unconsumed stock from last year and expected higher production this year, an imminent threat... Read more »

IKEA to invest Rs 2,000 crore in its Bengaluru store

Swedish furniture, kitchen appliances and home accessories retailer IKEA would invest Rs 2,000 crore in setting up and expanding its store in this tech hub in 2020, a top official said on... Read more »

Rupee plunges to new low as Indian equities join global sell-off

The rupee plunged to a fresh low on Thursday, as Indian equities joined a global sell-off amid mounting concerns growth would slow in the face of a trade war between the United... Read more »

Uttarakhand gets Rs 70,000 cr investment plans, Adani chips in with Rs 6,500 cr

Uttarakhand has got investment proposals worth Rs 70,000 crore, Chief Minister Trivendra Singh Rawat said on Sunday. “Investment proposals worth over Rs 70,000 crore have been received and most of the memorandum... Read more »

RBI holds Repo rate, but changes stance to ‘calibrated tightening’

Belying market expectations of a hike, the RBI on Friday held its key lending rate unchanged in the context of an uncertain global economic scenario but turned hawkish, moving to a “calibrated... Read more »