MUMBAI: RBI sold a net $11.9 billion in Oct 2025 to support the rupee, reinforcing its role as the stabilising force in the currency market. Data from RBI’s Dec bulletin shows that the central bank stayed active across both spot and forward markets through FY25 to reduce volatility and keep market conditions orderly.In the spot,…
NEW DELHI: India and New Zealand on Monday concluded a free trade agreement (FTA) that is expected to deepen economic ties between the two nations, with both countries vowing to double bilateral trade in the next five years.The FTA, the third to be sealed this year after the ones with UK and Oman, will give…
MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…
American company FedEx has come under fire after a multibillion-dollar federal delivery contract coincided with a sharp increase in the company’s hiring of foreign workers, even as it cut hundreds of US jobs across multiple states.In December 2022, the US Transportation Command awarded FedEx a contract worth $2.24 billion for the Next Generation Delivery Service-2…
MUMBAI: Infosys and Bharti Airtel led a 638-point sensex rally on Monday, its second session of rebound after days of slide, as the reversal in rupee’s strength against the dollar enthused Dalal Street investors. The rise in the sensex, however, came even as foreign funds were net sellers, BSE data showed. Over the past few…
HYDERABAD: Gold and silver surged past their previous peaks to set new highs in the international and domestic markets on Monday. On MCX, Feb gold futures leapt over Rs 1,700 to an all-time high of Rs 1,36,646 per 10gm, mirroring spot prices on Comex that pierced $4,400/oz for the first time. MCX March silver futures…
MUMBAI: From solar parks in the desert to wind farms along the coast, India’s clean energy transition is attracting a growing queue of global capital. Copenhagen-based AP Moller Capital is making its first private equity investment in India, backing a new renewable energy platform that will develop 900 MW of clean energy capacity. While this…
NEW DELHI: Capital infusion by Japan’s Mitsubishi UFJ Financial Group (MUFG) will strengthen Shriram Finance’s balance sheet as well as provide long-term growth capital. MUFG has said it will invest Rs 39,618 crore in Shriram Finance through a preferential allotment of equity shares, acquiring a 20% stake in the non-bank lender. MUFG will make the…
MUMBAI: Unilever, Levi’s and Tesla have at least one thing in common – Indian-origin chief financial officers. More than a dozen global giants – from Apple and Qualcomm to HSBC and Mastercard have CFOs of Indian descent, a study by global executive search firm Stanton Chase showed. Of the 20 (includes three former ones) such…
NEW DELHI: The India-New Zealand Free Trade Agreement (FTA) is set to ease mobility for Indian students and skilled professionals, while opening up fresh opportunities for exporters, manufacturers and service providers in a deal that is expected to widen New Delhi’s influence in the Indo-Pacific region. .The agreement removes numerical caps on Indian students in…
