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Foreign Exchange Reserves declined between March 31- Sep 30

Foreign Exchange Reserves declined between March 31- Sep 30

12-12-2022  comments

New Delhi (IANS) The Foreign Exchange Reserves of India declined by US$ 74.65 billion to US$ 532.66 billion between March 31 and September 30.

"The Foreign Exchange Reserves of India stood at US$ 607.31 billion as on March 31, 2022. They declined…

Not waived off loans to big companies, Sitharaman tells Parliament

Not waived off loans to big companies, Sitharaman tells Parliament

12-12-2022  comments

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Monday clarified in the Parliament that the government has not waived off loans availed by big companies.

Replying to a question in the Lok Sabha by CPI member K. Subbarayan, who sought…

Retail inflation falls to 10-month low of 5.88%, factory output contracts

Retail inflation falls to 10-month low of 5.88%, factory output contracts

12-12-2022  comments

New Delhi (IANS) India's retail inflation, measured through consumer price index (CPI), fell to 5.88 per cent in November from 6.77 per cent recorded in October.

This is the first fall seen in retail inflation after a continuous rise for…

Parliamentary panel studying electricity amendment bill, seeks comments within 15 days

Parliamentary panel studying electricity amendment bill, seeks comments within 15 days

10-12-2022  comments

New Delhi (IANS) The Parliamentary Standing Committee on Energy on Friday sought stakeholders' comments on the Electricity Amendment Bill, 2022, which it is currently scrutinising, within the next 15 days.

The panel, which is headed by…

Paytm buyback shows firm believes shares are below intrinsic value, just how Berkshire Hathaway did it in the past

Paytm buyback shows firm believes shares are below intrinsic value, just how Berkshire Hathaway did it in the past

10-12-2022  comments

New Delhi (IANS) Paytm, India's leading mobile payments and financial services company, has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial for its shareholders.

The company…

itel launches Magic X Pro with 4G high-speed hotspot that connects up to 8 devices

itel launches Magic X Pro with 4G high-speed hotspot that connects up to 8 devices

09-12-2022  comments

New Delhi (IANS) itel, a leading mobile brand for Bharat, on Friday announced the launch of Magic X Pro 4G Phone in India which is touted as a path-breaking initiative to provide superior connectivity experience to the consumers.

Available…

India's Marico acquires Vietnamese Beauty X Corp for Rs 172 cr

India's Marico acquires Vietnamese Beauty X Corp for Rs 172 cr

09-12-2022  comments

Chennai (IANS) India's consumer goods major Rs 95 billion turnover Marico Ltd's subsidiary Marico South-East Asia Corporation (MSEA) has inked an agreement to acquire Vietnamese Beauty X Corporation for about Rs 172 crore.

According…

Air India commits over $400m to fully refurbish existing widebody aircraft cabin interiors

Air India commits over $400m to fully refurbish existing widebody aircraft cabin interiors

08-12-2022  comments

New Delhi (IANS) Moving ahead on the transformation program, Air India on Thursday announced plans to refurbish its entire legacy widebody fleet, comprising 27 Boeing B787-8 and 13 B777 aircraft, committing over $400 million for the project.

This…

RBI hikes repo rate to 6.25%, 5th increase in a row

RBI hikes repo rate to 6.25%, 5th increase in a row

07-12-2022  comments

New Delhi (IANS) The Reserve Bank of India's (RBI) monetary policy committee (MPC) on Wednesday hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, Governor Shaktikanta Das announced.

It is the fifth straight…

Trust credibility of Indian regulations, India of today is different from what it was: RBI Guv

Trust credibility of Indian regulations, India of today is different from what it was: RBI Guv

07-12-2022  comments

Chennai (IANS) The India of today is vastly different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.

He…

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