India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI MUMBAI: The country’s foreign exchange reserves rose by $12.4 billion in the week ended Aug 21, to an all-time high of $729.3 billion, driven largely by non-resident deposits drawn through a special scheme under which RBI took over the…
Foreign currency assets rose by $9.482 billion to $591.333 billion during the reporting week (representative image) India’s foreign exchange reserves surged by $12.422 billion to a new all-time high of $729.328 billion in the week ended August 21, Reserve Bank of India (RBI) data showed on Friday.The country’s forex reserves have now risen for eight…
NEW DELHI: IndiGo Ventures, IndiGo’s corporate VC arm, will invest an undisclosed amount in Sarvam, India’s full-stack sovereign AI company, as part of Sarvam’s Series B round of funding. Announced Friday, the investment builds on the existing relationship between IndiGo and Sarvam who have been working together in multiple areas like enhancing customer experience and…
India is planning to send its first cargo ship through the Northern Sea Route in 2027. Donald Trump’s trade and tariff policies, sanctions risks, and the ongoing Middle East route disruptions have led economies like India to reassess their supply chain strategies. The US-Iran war and the Houthi attacks in the Red Sea have exposed…
Goldman Sachs estimated that total Gulf exports recently stood at 15 million to 16 million barrels per day (representative image) Oil prices were largely steady on Friday but remained on track for a sharp weekly decline as traders weighed stalled US-Iran diplomatic talks against a tentative and uneven recovery in crude flows through the Strait…
$3.8 billion Jio IPO gets Sebi approval Jio Platforms, the digital services arm of Mukesh Ambani-led Reliance Industries, has received approval from the Securities and Exchange Board of India (Sebi) for its proposed $3.8 billion initial public offering, paving the way for what could become India’s biggest listing.The market regulator approved the IPO on Friday,…
Taken together, capital receipts from disinvestment and asset monetisation stand at Rs 62,124 crore (representative image) The government has achieved about 78% of its FY27 budgeted target of Rs 80,000 crore for disinvestment and asset monetisation within the first five months of the financial year.The government has raised Rs 55,757 crore so far through minority…
SIA says will look into group’s other capital requirements. NEW DELHI: Singapore Airlines (SIA), which holds 25.1% stake in Air India (AI), Thursday said it will “carefully consider any requests for additional capital from AI, taking into consideration the group’s other capital requirements and AI’s business strategy.” A SIA spokesperson said the airline will “work…
Sitharaman said in Toronto as she invited Canadian businesses to invest in India for building long-term operations. NEW DELHI: India has emerged as a platform for global production, innovation, services and exports, FM Nirmala Sitharaman said in Toronto as she invited Canadian businesses to invest in India for building long-term operations and partnerships that will…
Piyush Goyal suggested to Daikin to go beyond assembling compressors to also manufacture them in India OSAKA: Daikin Thursday said that it is lining up fresh investments of Rs 2,800 crore, of which around Rs 1,300 crore will go towards R&D for chillers and high capacity air conditioners that can also be used in data…