Financial services firm Tata Capital is likely to file preliminary papers with markets regulator Sebi to raise $2 billion (over Rs 17,000 crore) through an initial public offering (IPO) only after getting final approval from the NCLT for Tata Motors
India’s forex reserves dropped by $1.78 billion to $638.7 billion in the week ended February 28, the RBI said on Friday. Photograph: Lee Jae-Won/Reuters The overall forex kitty had jumped by $4.76 billion to $640.48 billion in the previous reporting
Reserve Bank of India (RBI) Governor Sanjay Malhotra said the repo rate cut in the February meeting of the monetary policy committee (MPC) was due to inflation aligning with the target and recognising the fact that monetary policy is forward-looking.
Snapping the three-week rising streak, India’s forex reserves dropped by $2.54 billion to $635.72 billion in the week ended February 14, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had increased by $7.65
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on
Reserve Bank on Tuesday launched mobile application ‘RBIDATA’ which will provide access to more than 11,000 different series of economic data related to the Indian economy. Photograph: Francis Mascarenhas/Reuters The mobile app offers macroeconomic and financial statistics relating to the
The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay
Wholesale price inflation moderated marginally to 2.31 per cent in January due to the decline in prices of food items especially vegetables, government data released on Friday showed. Photograph: Rupak De Chowdhuri/Reuters The Wholesale Price Index (WPI) based inflation was
India’s forex reserves jumped by $7.65 billion to $638.26 billion in the week ended February 7, the RBI said on Friday. Photograph: Lisa Marie David/Reuters This is the third consecutive week of a jump in the kitty, which had increased
Account holders of the New India Co-operative Bank woke up to a rude shock on Friday morning, after the Reserve Bank of India’s bar on withdrawal of funds came into effect. The order was issued on Thursday evening, since the
