Mumbai: India’s forex reserves dropped by USD 3.235 billion to USD 654.857 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by USD 1.51 billion to USD 658.091 billion, ending a multi-week decline in the overall kitty. The forex reserves had increased to…
Panaji: Do you opt for a Single-malt made with whisky from one distillery or Scotch blends made with whiskies from multiple distilleries– Highland, Speyside, Lowlands or Islay? London Dry Gin or Goa’s famous Feni–a 500-year-old heritage spirit. Despite the groaning weight of the living room bar shelf, connoisseurs are continually drawn towards the Christmas season’s…
New Delhi: Finance Minister Nirmala on Wednesday termed the allegation of Leader of Opposition (LoP) Rahul Gandhi against state-owned banks as an insult to the hardworking employees and to the citizens who benefit from a cleaner, stronger banking system. Gandhi has a penchant for making baseless statements and the fact is that the high concentration…
SHIMLA: The present Congress government has taken Rs 28,000 crore loan in the past two years out of which over Rs 11,200 crore was spent to pay interest on loans taken by the previous governments since 1971, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Wednesday. He also said that Rs 7,800 was spent…
Mumbai: Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank’s headquarters this morning, where he was welcomed by senior RBI staffers. The central bank confirmed Malhotra’s appointment through a post on the microblogging site “X” and also shared a…
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the industry will have to realign its policies keeping in mind political and strategic decisions of the country. Outlining the priorities of the economy for the next decade, Sitharaman also said attempts should be made to restore global calm and normalcy and noted that war or…
Jaipur: Union road, transport and highways minister Nitin Gadkari on Tuesday announced new road projects worth Rs 30,000 crore and appealed to the state government to give 40 per cent of the developed land near the proposed north Jaipur bypass to farmers. Speaking at the Rising Rajasthan summit, Gadkari said that road infrastructure is crucial…
New Delhi: Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project “is on track for commissioning by early next year” and added that the…
New Delhi: State-owned BEML Limited on Tuesday said it has secured a contract from the defence ministry to supply a 50-tonne Trailer valued at Rs 83.51 crore. The order highlights BEML’s strength and capability in delivering advanced, indigenous products to enhance India’s defence infrastructure, the public sector undertaking under the Ministry of Defence said in…
Geneva: Bullish on the aviation growth prospects in the “fascinating” Indian market, IATA chief Willie Walsh on Tuesday said somebody with an ambition to be a pilot should be looking at India, considering the large number of aircraft orders placed by the domestic airlines. The Director General of the global airlines’ grouping, which has been…
