India’s foreign exchange reserves fell by $276 million to $699.96 billion for the week ended October 3, according to Reserve Bank of India (RBI) data.In the previous week, the country’s forex reserves had declined by $2.334 billion to $700.236 billion, PTI reported.Foreign currency assets, the largest component of the reserves, dropped $4.049 billion to $577.708…
The organised gold loan market is projected to touch Rs 15 lakh crore by March 2026 — a full year ahead of earlier forecasts — as banks tighten their dominance and expand faster than non-banking financial companies (NBFCs), according to a report by rating agency Icra.The agency had earlier estimated in September 2024 that the…
Over 250 employees of B9 Beverages, the company behind Bira 91 craft beer, have called for a change in the company’s leadership and the removal of founder Ankur Jain from management.The employees sent a petition to the company’s board, major investors including Kirin Holdings and Peak XV Partners, and the largest lender, Anicut Capital. The…
Gold rate today: Gold futures advanced Rs 527 to Rs 1,21,020 per 10 grams in domestic trade on Friday, tracking a firm trend in global markets as investors widened bets on expectations of interest rate cuts by the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold for December delivery gained 0.44%, after retreating from…
Tata Consultancy Services (TCS) has unveiled a new Artificial Intelligence (AI) Experience Zone and Design Studio in London as part of its latest expansion drive in the United Kingdom. The company said the initiative, coupled with fresh investments, will generate 5,000 new jobs across the UK over the next three years.TCS, which already supports over…
South Korean electronics giant LG’s Indian subsidiary is all set to finalise share allotment for its Initial Public Offer (IPO) on October 10, after receiving a strong response from investors. Those you applied for the IPO can check the allotment status by visiting the BSE/NSE or the website of the registrar, KFin Technologies Limited. LGEINDIA…
The Trump administration has made another attempt to ensure fairness for US workers, asking China to bar its airplanes from flying over Russia as it puts American airlines at a disadvantage.The US government on Thursday presented a proposal to stop Chinese airlines from flying over Russia on routes to and from the United States, arguing…
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
Nayara Energy’s refinery has intensified its railway usage, dispatching two to three trains daily. (AI image) Nayara Energy, the Indian refinery with major Russian ownership, is scrambling to sustain operations after being hit by European Union sanctions. The Russian-owned refinery, facing exclusion from many international markets due to severe EU sanctions implemented on July 18,…
Small businesses across the country are seeing a welcome boost in sales, thanks to recent GST cuts and the upcoming festive season.Industry bodies said that sectors like toys, textiles, footwear, and auto accessories have reported stronger demand.The ministry of micro, small and medium enterprises (MSMEs) is keeping a close watch and is expected to conduct…
