Foreign exchange traders said the Reserve Bank of India intervened by selling dollars, helping limit the rupee’s fall. Illustration: Dominic Xavier/Rediff Key Points The rupee has depreciated 8.8 per cent so far this financial year. The price of the Indian
Non-bank lender UGRO Capital Ltd on Saturday (March 21) approved issuance of non-convertible debentures (NCDs) aggregating up to ₹205 crore through private placement in one or more tranches, following a meeting of its Investment and Borrowing Committee. The issuance comprises
US-Iran war: After the end of three weeks of the US-Israel joint attack on Iran, US President Donald Trump dropped a hint to ‘wind down’ the military operation in the Middle East. The US President dropped a hint about this
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse. Photograph: Kind courtesy HDFC.Bank.com HDFC Bank — the largest private sector lender in the country — has asked three of its
India’s forex reserves experienced a significant dip of $7 billion, as reported by the RBI, prompting analysis of the contributing factors and potential impact on the Indian economy. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves decreased by $7.052 billion
India’s core sector growth experienced a slowdown in February, dropping to a three-month low of 2.3% due to contractions in crude oil, natural gas, and refinery products, raising concerns about overall economic momentum. Photograph: Richard Carson/Reuters Key Points India’s core
In a major crackdown, India has blocked 300 illegal gambling websites and apps, reinforcing its commitment to regulating online gaming and protecting citizens from the harms of online money games. IMAGE: Illustration: Dominic Xavier/Rediff.com Key Points The Indian government has
Hindustan Petroleum Corporation has increased prices of its premium petrol variant by a little over ₹2 per litre, sources told CNBC-TV18, even as regular petrol prices remain unchanged. In the national capital, the price of premium petrol has been revised
Gold prices have seen a sharp drawdown from all-time high levels hit in January this year as investors booked profits following one-way rallies. Now, a fresh catalyst has emerged, which is aiding the bearish sentiment — the US-Iran war. The
LNG is the weakest link in India’s fuel-supply chain. Photograph: Yuriko Nakao/Reuters Key Points India needs 1-1.5 million tonnes of LNG a month. trimmed allocations of natural gas for consumers. India received 10 cargos in March to date, the Kpler
