The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of
The bilateral trade between India and China has been growing at a healthy rate, but the trade gap remains sharply tilted in Beijing’s favour. Illustration: Dominic Xavier/Rediff India has time and again flagged its concern over the ballooning trade deficit
‘Money moves in a web of transactions and payment addresses keep changing for offshore companies, which requires heightened monitoring measures.’ Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy SAIYED IRFAN A/Pixabay.com and Pixabay/Pexels.com
Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows. Photograph: Francis Mascarenhas/Reuters The
India’s forex reserves dropped $4.39 billion to $690.72 billion for the week ended August 22, the Reserve Bank of India (RBI) said on Friday. Photograph: Dado Ruvic/Reuters The overall reserves had jumped $1.49 billion to $695.11 billion in the previous
Indian economy grew by 7.8 per cent in April-June — the highest in five quarters — before the disruptive US tariffs were imposed. Photograph: Bhawika Chhabra/Reuters The GDP growth in the first quarter of the ongoing fiscal year was mainly
IndiGo promoter Rakesh Gangwal’s family trust on Thursday sold a 1.3 per cent stake in the country’s largest airline for Rs 2,933 crore through open market transactions, cumulatively offloading shares worth Rs 14,497 crore so far this year. Photograph: Priyanshu
Persisting uncertainties related to the US trade policies pose downside risk to the overall demand in the Indian economy while the inflation outlook for the near term has become more benign than anticipated earlier, RBI said in its latest bulletin
Global funds’ assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. Illustration: Uttam Ghosh AUC is the total market value of
Stock market benchmark indices tumbled on Thursday, with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect. Photograph: Francis Mascarenhas/Reuters
