Forex reserves decline by $15bn MUMBAI: India’s foreign exchange reserves fell by $14.9 billion to $765.9 billion in the week ended Sept 18, according to the RBI’s weekly statistical data. The decline was driven mainly by a fall in foreign currency assets (FCA), the largest component of the reserves. FCA fell by $14.8 billion to…
NEW DELHI: Govt will raise nearly Rs 7.9 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by Rs 1,20,494 crore despite global headwinds.The reduction in total borrowing indicates govt’s commitment to fiscal prudence.A senior finance ministry official said the reduction is mainly…
BENGALURU: The festive bonus is no longer always one big cheque at the end of a busy month. For workers packing orders, staffing stores or delivering parcels, the extra money can now come through a higher rate on a busy day, an attendance reward after a week, a productivity payout or a bonus for staying…
NEW DELHI: The new model bilateral investment treaty (BIT), which will address concerns of several countries and streamline investment negotiation procedures, while ensuring investor protection is in final stage and is likely to be approved by govt soon. The approval will pave the way for it to be rolled out along with trade agreements, with…
FCNR(B)-deposit boost for re eroded by oil price spike NEW DELHI: RBI on Friday said the Indian economy has performed well despite global headwinds and noted that escalation of West Asia conflict this month has resulted in a sharp increase in oil prices, reigniting fears over a build-up of inflationary pressure and further disruption in…
MUMBAI: Self-listing by stock exchanges is feasible, but the decision remains under the purview of market regulator Sebi, NSE chairperson Srinivas Injeti said Friday. A day after the country’s largest bourse got listed on rival exchange BSE, Injeti pitched for self-listing, saying that things which are not permitted today may be allowed tomorrow amid evolving…
MUMBAI: With the rupee under pressure, the RBI has rolled back an earlier move to give exporters more time to bring in export proceeds from Oct 2026. In Jan, the RBI had allowed exporters 15 months from the date of shipment or invoice to realise and repatriate the proceeds from Oct. The Sept amendment retains…
Chief Economic Advisor V Anantha Nageswaran India’s relationship with the US is in an “uneasy equilibrium” as trade disputes between the partners persist, a senior govt official said. “There is this issue of unsettled relationship with the US, starting from the tariff-related issues last year, which are still continuing,” chief economic adviser V Anantha Nageswaran…
NEW DELHI: Tata Motors is absorbing a substantial share of rising input costs as price increases and savings fail to fully offset the pressure, even as it expands its compact sedan offering for family buyers.Commodity inflation over past five-to-six months had created uncertainty over costs and margins, said Shailesh Chandra, managing director, Tata Motors Passenger…
CHENNAI: Following a two-year decline in volumes, the small car segment is showing signs of revival, helped by GST rate cut on small cars. The lower tax burden has reduced the price barrier for buyers at the bottom end of the market, making entry-level cars more affordable.Overall small car sales fell from 16.4 lakh units…
