Mumbai: India’s forex reserves dropped USD 8.094 billion to USD 688.894 billion during the week ended May 15, the Reserve Bank of India (RBI) said on Friday. The overall reserves had jumped by USD 6.295 billion to USD 696.988 billion during the week ended May 8. The kitty had expanded to an all-time high of…
New Delhi: India and Cyprus on Friday elevated their ties to a strategic partnership and set up a joint task force to facilitate deeper cooperation in sectors such as infrastructure and shipping as Prime Minister Narendra Modi hosted Cyprus President Nikos Christodoulides for wide-ranging talks. The two leaders also deliberated on the West Asia crisis…
Chhatrapati Sambhajinagar: The meteoric rise of satirical digital outfit Cockroach Janta Party on social media has left the parents of its founder, Abhijeet Dipke, overwhelmed by fears that he could land in trouble or even face arrest. The outfit, now popular as CJP, has garnered over 19 million followers on Instagram since it was founded…
New Delhi: Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL. Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition…
New Delhi: The US team is likely to visit India next month for trade talks with their counterparts here, Commerce and Industry Minister Piyush Goyal said on Thursday. The Indian side visited Washington, DC, in April for an in-person round of meetings with their US counterparts to finalise the details of the interim pact and…
The Sell-Off Was Never About AI, Taxes or the Rupee. It Was About Transparency For nearly two years, India’s financial discourse has been dominated by one carefully manufactured narrative: Foreign Institutional Investors (FIIs) are leaving India because the country supposedly lacks cutting-edge AI companies, because taxes became unattractive, because the rupee weakened, and because global…
New Delhi: Reliance Industries Limited (RIL) and two other foreign firms on Wednesday told the Supreme Court that they would write to the Centre for mediation in the Krishna-Godavari basin gas migration dispute. The matter was mentioned before a bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi. “All the…
New Delhi: India’s inflation debate appears to be entering a complicated phase. On the surface, retail inflation appears under control, giving consumers and policymakers some relief. But beneath that, wholesale prices rose sharply in April, even before petrol and diesel prices were increased. The Rs 4 per litre increase in fuel prices in two installments…
New Delhi: Petrol and diesel prices were increased by 90 paise per litre on Tuesday, the second increase in less than a week. Petrol price was hiked to Rs 98.64 a litre from Rs 97.77 per litre in the national capital. Diesel now costs Rs 91.58 a litre against Rs 90.67 previously, according to industry…
Washington: The United States has extended by a month a waiver from sanctions on Russian oil already at sea, according to an official statement. The US Department of the Treasury issued an order on Monday extending the waiver from sanctions on Russian oil stranded at sea on or before April 17 through June 17. “Effective…
