Forex reserves drop by $8.48 billion to $644.39 billion

The country’s forex reserves dropped by a further $8.48 billion to $644.39 billion for the week ended December 20, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had dropped by $1.988 billion to

Samir Kumar: ‘India Not tougher Than Other Markets’

‘Regulatory challenges exist everywhere. What we look for is regulatory stability over time.’ Photograph: Dado Ruvic/Reuters Online retail major Amazon is navigating a challenging regulatory environment in India at a time when e-commerce is witnessing rapid growth and quick commerce

Forex reserves drop $2 bn to $652.87 bn

India’s forex reserves dropped by $1.99 billion to $652.87 billion for the week ended December 13, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the overall reserves had dropped by $3.23 billion to $654.86 billion.

Good news for RIL, ONGC as govt scraps windfall tax

The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil prices. Photograph: Dado Ruvic/Reuters Minister of State for Finance Pankaj

Forex reserves drop $1.31 bn to $656.5 bn

India’s forex reserves dropped $1.31 billion to $656.58 billion for the week ended November 22, the Reserve Bank of India (RBI) said. Photograph: Dado Ruvic/Reuters The kitty had dropped a record $17.76 billion to $657.89 billion in the previous reporting

Google to be probed for unfair biz in gaming apps’ listing on Play Store

Fair trade regulator CCI on Thursday ordered a probe against Google and its affiliates for alleged unfair business practices with respect to listing of real money gaming apps on Play Store. Photograph: Dado Ruvic/Reuters While passing the order, CCI said