Search result for 'foreign currency'

Paisalo Digital Raises USD 50 Million in FCCB Issuance

December 6, 2024 18:29

Paisalo Digital, a non-banking financial company, has raised USD 50 million in the first tranche of secured foreign currency convertible bonds (FCCBs). The issuance aims to fortify the company's...

India's Forex Reserves Rise After Weeks of Decline - RBI

December 6, 2024 17:20

India's forex reserves jumped by USD 1.51 billion to USD 658.091 billion in the week ended November 29, reversing a declining trend. Read more.

Rupee Steady at 84.70, RBI Keeps Rates Unchanged

December 6, 2024 15:55

The Indian rupee closed at 84.70 against the US dollar on Friday, appreciating slightly as the Reserve Bank of India left interest rates unchanged but cut the cash reserve ratio.

RBI Raises Rate Caps on Diaspora Deposits to Attract Flows

December 6, 2024 11:51

The Reserve Bank of India has increased interest rate caps on foreign currency deposits for the diaspora, aiming to attract more capital inflows amid rupee depreciation. This move aims to address...

Torrent Power Raises Rs 3,500 Cr via QIP

December 6, 2024 10:04

Torrent Power has raised Rs 3,500 crore through a Qualified Institutional Placement (QIP) by issuing 2.32 crore equity shares at Rs 1,503 per piece. The company's paid-up equity share capital has...

Torrent Power Raises Rs 3,500 Cr via QIP

December 6, 2024 09:49

Torrent Power has raised Rs 3,500 crore through a Qualified Institutional Placement (QIP). The company plans to use the funds for working capital and capex for its power generation and distribution...

Domestic Air Traffic to Rise 7-10% in FY25: Icra

December 3, 2024 13:39

Domestic air traffic in India is projected to rise 7-10% to 164-170 million in FY25, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore, according to Icra.

Torrent Power Opens QIP at Rs 1,555.75

December 2, 2024 21:38

Torrent Power has opened a qualified institutional placement (QIP) of shares at a floor price of Rs 1,555.75 apiece, aiming to raise up to Rs 5,000 crore.

India's Forex Reserves Drop to USD 656.5 Billion

November 29, 2024 17:21

India's forex reserves decreased by USD 1.31 billion to USD 656.582 billion in the week ended November 22, according to the Reserve Bank of India. Foreign currency assets declined, while gold...

Axis Bank's GIFT City Unit Doubles Asset Book to USD 4 Billion

November 27, 2024 16:39

Axis Bank's IFSC Banking Unit at GIFT City has doubled its asset book to USD 4 billion in five years, with a new, spacious office. The unit focuses on corporate banking, trade finance, and...

India's Forex Reserves Plunge by USD 17.76 Billion

November 22, 2024 17:27

India's foreign exchange reserves declined by USD 17.76 billion to USD 657.892 billion in the week ended November 15, according to the Reserve Bank of India (RBI).

India's Forex Reserves Drop to USD 675.653 Billion

November 15, 2024 17:21

India's foreign exchange reserves fell by USD 6.477 billion in the week ended November 8, reaching USD 675.653 billion, according to the Reserve Bank of India. The reserves have been declining for...

RBI Expands Forex Reporting: Spot Deals Included

November 8, 2024 18:49

The Reserve Bank of India has expanded forex reporting requirements to include spot deals, aiming for complete transaction data in the trade repository. This will apply to authorized dealers...

India's Forex Reserves Drop by USD 2.67 Billion - RBI

November 8, 2024 17:27

India's foreign exchange reserves fell by USD 2.675 billion to USD 682.13 billion in the week ended November 1, the Reserve Bank of India (RBI) reported. This decline was attributed to a drop in...

PFC Q2 Profit Up 9% to Rs 7,215 cr: Key Highlights

November 8, 2024 16:49

Power Finance Corporation (PFC) reported a 9% rise in Q2 profit to Rs 7,215 crore, driven by higher revenues. The company also witnessed growth in loan assets and a decline in bad loans.

India's Forex Reserves Drop to $684.805 Billion - RBI

November 1, 2024 22:48

India's foreign exchange reserves declined by $3.463 billion to $684.805 billion in the week ended October 25, according to the Reserve Bank of India (RBI).

Nepal Aims for 35,000 MW Electricity by 2035

October 29, 2024 20:09

Nepal plans to produce 28,500 MW of hydroelectricity by 2035, aiming to export to India and Bangladesh to boost foreign currency earnings.

Airtel Africa Posts $79 Million Profit in Q2 FY25

October 25, 2024 19:28

Airtel Africa reports a net profit of USD 79 million in the July-September quarter, driven by cost optimization and a growing customer base. The company also saw significant growth in data usage...

India's Forex Reserves Drop to USD 688.26 Billion

October 25, 2024 17:19

India's foreign exchange reserves declined by USD 2.163 billion to USD 688.267 billion in the week ended October 18, according to the Reserve Bank of India.

Maldives Imposes New Foreign Currency Rules Amidst Debt Crisis

October 20, 2024 13:13

The Maldives has implemented new foreign currency regulations, requiring tourism businesses to exchange USD 500 per tourist and deposit earnings in local banks. The move comes as the country faces...

India's Forex Reserves Drop by USD 10.75 Billion

October 18, 2024 17:27

India's forex reserves fell by USD 10.75 billion to USD 690.43 billion in the week ended October 11, the RBI said, marking one of the largest decreases in recent times.

PFC Infra Finance IFSC Gets Nod to Operate in Gift City

October 16, 2024 18:55

PFC Infra Finance IFSC Ltd receives approval from IFSCA to operate as a finance company in GIFT City, Gujarat, focusing on power and infrastructure sector lending.

India's Forex Reserves Drop by USD 3.71 Billion - RBI

October 11, 2024 17:21

India's forex reserves declined by USD 3.71 billion to USD 701.176 billion in the week ending October 4, according to the Reserve Bank of India (RBI).

Anil Ambani's Reliance Group Raises Rs 17,600 Crore for Growth

October 6, 2024 14:01

Reliance Infrastructure and Reliance Power secure Rs 17,600 crore funding through equity and debt instruments to fuel future expansion plans.

India's Forex Reserves Hit Record High of $704 Billion

October 4, 2024 17:26

India's forex reserves surged by $12.588 billion in the week ended Sept. 27, reaching a record high of $704.885 billion, according to the Reserve Bank of India.

PFC Secures USD 1.265 Billion Foreign Currency Loan

October 4, 2024 16:15

Power Finance Corporation (PFC) has secured a USD 1.265 billion foreign currency term loan, the largest ever by an Indian PSU. The loan will be used to finance green energy projects and expand...

Reliance Power to Raise USD 500 Million via Bonds

October 3, 2024 21:00

Reliance Power's board approves fundraising of USD 500 million through issuance of bonds, with an employee stock option scheme also approved. The bonds will be convertible into equity shares at Rs...

CareEdge Launches Global Sovereign Ratings | 39 Nations Rated

October 3, 2024 19:28

CareEdge, an Indian credit rating agency, has entered the global ratings space with its subsidiary, CareEdge Global IFSC Ltd. The agency has assigned sovereign ratings to 39 countries, including...

Reliance Infra to Raise Rs 2,930 cr via Bonds - Business News

October 1, 2024 19:01

Reliance Infrastructure approves a proposal to raise Rs 2,930 crore by issuing unsecured foreign currency convertible bonds (FCCBs) to VFSI Holdings Pte Limited.

India's Forex Reserves Hit Record High of $692.296 Billion - RBI

September 27, 2024 17:40

India's foreign exchange reserves surged by USD 2.838 billion to a new peak of USD 692.296 billion for the week ending September 20, according to the Reserve Bank of India (RBI).

Reliance Infra to Raise Funds, Board Meeting on Oct 1

September 26, 2024 19:56

Reliance Infrastructure's board will meet on October 1 to consider raising long-term resources through equity shares, warrants, and other methods. The company aims to enhance its capital base and...

India's Forex Reserves Hit Record High of $689.45 Billion

September 20, 2024 21:13

India's foreign exchange reserves surged to a new all-time high of $689.458 billion for the week ending September 13, according to the Reserve Bank of India.

India Extends USD 50 Million Loan to Maldives

September 19, 2024 22:30

India has extended a USD 50 million loan to the Maldives to support its economic challenges. This follows a request from the Maldivian government for budgetary assistance. The move reflects the...

HSBC India Launches Global Education Payments

September 16, 2024 15:36

HSBC India simplifies international education payments for students. Directly pay tuition fees to 600+ universities via the mobile app with reduced remittance costs.

India's Forex Reserves Hit Record High of USD 689.24 Billion

September 13, 2024 17:19

India's foreign exchange reserves surged to a new all-time high of USD 689.24 billion in the week ended September 6, driven by an increase in foreign currency assets and gold reserves.

India's Forex Reserves Hit All-Time High: USD 689.24 Billion

September 13, 2024 17:18

India's foreign exchange reserves surged to a new record high of USD 689.24 billion in the week ended September 6, driven by an increase in foreign currency assets and gold reserves.

ED Seizes Forex, Assets in Axis Mutual Fund Front Running Case

September 11, 2024 21:26

ED seized forex, foreign assets after raids against former Axis Mutual Fund manager Viresh Joshi for alleged front running scam involving market-sensitive information and kickbacks.

Declining Bank Credit Hurts Exporters: Meeting with Goyal on Sep 11

September 8, 2024 16:06

Exporters are facing a decline in bank credit, impacting their ability to compete globally. The issue will be raised in a meeting with Commerce Minister Piyush Goyal on September 11.

India's Forex Reserves Hit Record High of USD 683.987 Billion

September 6, 2024 17:25

India's forex reserves surged by USD 2.3 billion to a fresh record of USD 683.987 billion in the week ending August 30, driven by an increase in foreign currency assets and gold reserves.

Cybersecurity Talent Shortage: A Big Challenge for Banks - SBI Chief

September 5, 2024 21:12

SBI Chairman CS Setty highlights the limited supply of cybersecurity professionals as a major concern for the banking industry. He emphasizes the need for robust cybersecurity investments and...

India's Forex Reserves Hit Record High of USD 681.69 Billion

August 30, 2024 17:44

India's forex reserves surged by USD 7.023 billion to a new peak of USD 681.688 billion in the week ending August 23, driven by a rise in foreign currency assets and gold reserves.

Goyal: Stock Market Investors Know the Risks and Rewards

August 23, 2024 20:57

Commerce Minister Piyush Goyal says stock market investors are aware of risks and rewards, dismissing concerns about speculative bets and highlighting India's growth story.

India's Forex Reserves Surge to USD 674.664 Billion

August 23, 2024 17:45

India's foreign exchange reserves climbed by USD 4.546 billion to USD 674.664 billion in the week ending August 16, driven by an increase in foreign currency assets and gold reserves.

India's Forex Reserves Drop $4.8 Billion to $670.11 Billion - RBI

August 16, 2024 17:39

India's foreign exchange reserves fell by $4.8 billion to $670.119 billion in the week ended August 9, according to the Reserve Bank of India.

Zee Entertainment Allotment of $239mn FCCBs

August 13, 2024 11:37

Zee Entertainment's Securities Issue & Allotment Committee approves allotment of $239mn FCCBs to investors, including Resonance Opportunities Fund, St John's Wood Fund Ltd and Ebisu Global...

India's Forex Reserves Hit Record High of USD 674.91 Billion

August 9, 2024 17:33

India's foreign exchange reserves surged by USD 7.533 billion to a new record high of USD 674.919 billion in the week ended August 2, according to the Reserve Bank of India.

Essar Shipping Reports Rs 34.53 Crore Loss in Q1 2024

August 8, 2024 20:39

Essar Shipping posted a consolidated loss of Rs 34.53 crore in Q1 FY24, compared to a profit of Rs 26.13 crore in the same period last year. The company's total income from operations also declined.

India's Forex Reserves Drop to USD 667.386 Billion - RBI Data

August 2, 2024 17:34

India's foreign exchange reserves declined by USD 3.471 billion to USD 667.386 billion in the week ended July 26, according to the Reserve Bank of India (RBI).

BookMyForex Student Offer: Zero Fee Remittances & Deals

August 1, 2024 15:59

BookMyForex launches a student offer with zero fee remittances, cashback on international money transfers, and discounted flights & hotels for students heading abroad.

India's Forex Reserves Hit New High at $670.857 Billion - RBI

July 26, 2024 17:18

India's foreign exchange reserves rose by USD 4 billion to a record high of USD 670.857 billion in the week ended July 19, the Reserve Bank of India said on Friday.

Airtel Africa Q1 Profit: USD 7 mn, Revenue Drops 16% | PTI

July 25, 2024 17:25

Airtel Africa reported a net profit of USD 7 million for Q1 FY25, down from a loss in the year-ago period. Revenue fell 16% due to currency devaluation, but the company is focused on cost...

India Remittances to Grow 3.7% in 2024 to $124 Billion: Eco Survey

July 22, 2024 13:52

India's remittances, a key source of external financing, are projected to rise to $124 billion in 2024, driven by strong labor markets and diversification of migrant workforce.

IndusInd Bank to Raise Rs 30,000 Crore via Debt & Shares

July 20, 2024 00:05

IndusInd Bank announces plans to raise Rs 30,000 crore through debt securities and share sales. The move will see the bank raise Rs 20,000 crore via debt and Rs 10,000 crore through equity.

India's Forex Reserves Hit All-Time High of USD 666.85 Billion

July 19, 2024 17:21

India's forex reserves surged to an all-time high of USD 666.85 billion in the week ended July 12, driven by a USD 9.70 billion increase, according to the RBI.

FPIs Pump Rs 15,352 Cr into Indian Equities in July

July 14, 2024 11:17

Foreign portfolio investors (FPIs) poured Rs 15,352 crore into Indian equities in the first two weeks of July, driven by government reforms, low US interest rates, and strong domestic demand. Learn...

Pakistan Secures $7 Billion IMF Deal for Macroeconomic Stability

July 13, 2024 14:38

Pakistan's Finance Minister Aurangzeb says a new IMF deal will help stabilize the country's economy, addressing challenges caused by the pandemic, war in Ukraine, and floods. The $7 billion package...

India's Forex Reserves Jump to $657.16 Billion - RBI

July 12, 2024 17:14

India's foreign exchange reserves rose by USD 5.16 billion to USD 657.16 billion in the week ended July 5, driven by an increase in foreign currency assets and gold reserves, according to the...

RBI Boosts GIFT IFSC Attractiveness with LRS Expansion

July 11, 2024 16:53

RBI's expanded LRS scope allows for foreign currency transactions, enhancing GIFT IFSC's utility for investments, insurance, education loans, and more.

Pakistan to Restructure USD 15 Billion Energy Debt with China

July 9, 2024 13:59

Pakistan seeks to restructure USD 15 billion energy debt owed to China, aiming to alleviate financial pressures and reduce electricity prices. The move comes amid ongoing economic challenges and a...

Torrent Power Seeks Rs 5,000 Cr Fundraise via Equity

July 5, 2024 17:47

Torrent Power seeks shareholder approval to raise up to Rs 5,000 crore through equity shares for expansion and working capital needs. The company also plans to elevate Jinal Mehta as Vice Chairman...

India's Forex Reserves Decline to USD 651.99 Billion - RBI Data

July 5, 2024 17:22

India's foreign exchange reserves fell by USD 1.713 billion in the week ended June 28, primarily due to a decrease in foreign currency assets, according to the Reserve Bank of India.

India's High Debt: Sustainable for Now? - NCAER

July 3, 2024 10:38

NCAER Director General Poonam Gupta says India's high public debt is sustainable due to strong growth and local currency debt, but warns of rising state debt levels.

India's Forex Reserves Jump to $653.71 Billion - RBI

June 28, 2024 17:19

India's foreign exchange reserves rose by USD 816 million to USD 653.711 billion in the week ended June 21, according to the Reserve Bank of India.

India's Forex Reserves Drop by USD 2.922 Billion - RBI

June 21, 2024 17:13

India's foreign exchange reserves declined by USD 2.922 billion to USD 652.895 billion in the week ended June 14, according to the Reserve Bank of India. The drop was attributed to a decrease...

DRI seizes contrabands worth Rs 3,500 cr in FY??24; narcotic drugs, gold major contributors

June 20, 2024 12:23

The Directorate of Revenue Intelligence (DRI) seized contrabands worth Rs 3,500 crore in FY 2023-24, with narcotic drugs and gold being major contributors. The agency also detected 623 smuggling...

RBI Direct Foreign Currency Transactions: ICT Chairman Kapila Urges Change

June 19, 2024 16:25

ICT Chairman Kapila advocates for direct foreign currency transactions within India through RBI, bypassing the US banking system for efficiency and cost savings.

Pakistan Budget Risks: Climate Change, SOEs & More

June 17, 2024 10:30

Pakistan's government outlines key risks to its 2024-25 budget, including climate change, weak SOEs, and economic growth concerns. Learn more about the challenges facing the country's fiscal outlook.

India's Forex Reserves Hit All-Time High of $655.8 Billion

June 14, 2024 17:21

India's foreign exchange reserves surged by $4.3 billion to a record high of $655.8 billion in the week ended June 7, driven by increases in foreign currency assets and gold reserves.

Indian Ship Recycling Revenue to Rise 15% in FY24

June 13, 2024 14:32

Indian ship recycling industry is expected to see revenue growth of 15% in FY24, driven by increased availability of ageing vessels and higher competitiveness.

Bharti Airtel Converts USD 49.87 mn Foreign Debt Bond into Equity

June 11, 2024 21:40

Bharti Airtel has converted USD 49.87 million worth of foreign debt bonds issued in January 2020 into equity, reducing outstanding FCCBs to USD 80.60 million.

Union Bank to Raise Rs 10,000 Cr for Growth

June 11, 2024 18:29

Union Bank of India approved a proposal to raise Rs 10,000 crore, including Rs 6,000 crore from share sale, to fund its business growth. The board also approved the raising of Basel III compliant...

NCLT Initiates Insolvency Against Jaiprakash Associates

June 3, 2024 18:48

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Jaiprakash Associates Ltd, admitting a plea filed by ICICI Bank. The move comes after JAL, the flagship firm of...

REC Board Approves Foreign Borrowing Limit Increase to USD 24 Billion

May 31, 2024 19:35

REC Ltd has increased its foreign currency borrowing limit to USD 24 billion, while retaining its INR borrowing limit at Rs 6 lakh crore. The company also approved raising funds through private...

India's Forex Reserves Drop by $2 Billion to $646.67 Billion - RBI

May 31, 2024 17:42

India's forex reserves declined by USD 2.027 billion to USD 646.673 billion for the week ended May 24, according to the Reserve Bank of India.

RBI Balance Sheet Rises 11% to Rs 70.47 Lakh Cr in FY24

May 30, 2024 13:23

Reserve Bank of India's balance sheet expanded by 11.08% to Rs 70.47 lakh crore in FY24, leading to a record dividend payout to the government. Learn more about the key factors driving the increase.

India's Trade Deficit with Top 10 Partners in 2023-24

May 26, 2024 13:57

India recorded a trade deficit with nine of its top 10 trading partners in 2023-24, including China, Russia, Singapore, and Korea. Learn about the details and implications.

Reliance Power Reports Rs 397 cr Loss in Q4 | Business News

May 25, 2024 16:16

Reliance Power reported a consolidated loss of Rs 397.66 crore in the March quarter, mainly due to increased fuel costs. The company's total income increased, but expenses rose.

Dvara KGFS Secures $10 Million for Expansion

May 25, 2024 15:04

Dvara Kshetriya Gramin Financials raises $10 million from BlueOrchard to fuel growth plans and expand reach in underserved communities.

India's Forex Reserves Hit Record High of USD 648.7 Billion

May 24, 2024 17:33

India's foreign exchange reserves surged to a new peak of USD 648.7 billion in the week ending May 17, driven by a USD 4.55 billion increase. This marks the third consecutive week of growth in the...

Vedanta Seeks Rs 8,500 Crore Fundraise: Shareholder Approval Needed

May 22, 2024 19:06

Vedanta Ltd, led by Anil Agarwal, seeks shareholder approval to raise up to Rs 8,500 crore through securities issuance. The e-voting for the postal ballot will begin on May 22.

India's Forex Reserves Jump to $644.15 Billion - RBI

May 17, 2024 17:20

India's foreign exchange reserves rose by $2.561 billion to $644.151 billion for the week ending May 10, according to the Reserve Bank of India.

Chabahar Port Deal: Landmark for India-Iran Economic Ties

May 17, 2024 16:55

India signs a 10-year contract to operate Chabahar Port, a strategic Iranian port offering investment opportunities in various sectors like petrochemicals, mining, and infrastructure.

Chabahar Port Deal: Landmark for India-Iran Economic Ties

May 17, 2024 16:53

India signs a 10-year contract to operate Chabahar Port, opening doors for trade with Central Asia and offering investment opportunities in various sectors.

Vedanta to Raise Rs 8,500 Cr via Securities Issuance

May 16, 2024 18:13

Vedanta Ltd. plans to raise up to Rs 8,500 crore through issuance of securities, including ADRs, GDRs, and FCCBs, subject to regulatory approvals.

Exim Bank FY24 Profit Jumps 62% to Rs 2,518 Cr | Maldives Exposure Strong

May 13, 2024 16:57

Exim Bank reports a 62% surge in FY24 profit, driven by improved asset quality. The bank's $450 million exposure to the Maldives is performing well despite political tensions.

India's Forex Reserves Jump to USD 641.59 Billion - RBI

May 10, 2024 17:18

India's foreign exchange reserves increased by USD 3.668 billion to USD 641.59 billion for the week ended May 3, the RBI said on Friday.

Jaiprakash Associates Shares Plunge 6% on Loan Default

May 7, 2024 17:50

Jaiprakash Associates shares dropped nearly 6% after the company defaulted on Rs 4,616 crore in loans, impacting its market capitalization. The company is restructuring its debt.

Jaiprakash Associates Defaults on Rs 4,616 Cr Loans

May 7, 2024 10:26

Jaiprakash Associates has defaulted on Rs 4,616 crore in loans, including principal and interest. The company is undergoing restructuring and has been selling assets to reduce debt.

Data Sharing Boosts I-T Dept AIS Functionality: Deloitte

May 5, 2024 13:34

Deloitte India suggests a seamless data exchange framework to improve the income tax department's AIS functionality, streamlining tax administration and compliance.

India's Forex Reserves Drop for Third Consecutive Week

May 3, 2024 17:23

India's forex reserves fell by USD 2.412 billion to USD 637.922 billion in the week ended April 26, marking the third consecutive weekly decline. The decline was attributed to a decrease in...

IMF Approves $1.1 Billion Loan to Pakistan: Bailout && Economic Reforms

April 30, 2024 10:45

The IMF has approved a $1.1 billion loan to Pakistan as part of a bailout package, emphasizing economic reforms. This follows the completion of the second and final review of Pakistan's economic...

Bharti Airtel Issues Shares Worth Rs 246 cr to FCCB Holders

April 29, 2024 22:15

Bharti Airtel has allotted equity shares worth Rs 246 crore to its foreign debt bond holders maturing in February 2025, according to a regulatory filing.

Pakistan PM Sharif Seeks New IMF Loan in Riyadh

April 29, 2024 10:04

Pakistan Prime Minister Shehbaz Sharif met with IMF chief Kristalina Georgieva in Riyadh to discuss a new loan program for the country, seeking to secure a long-term Extended Fund Facility (EFF)...

India's Forex Reserves Drop for 2nd Week: USD 2.28 Billion

April 26, 2024 17:40

India's forex reserves declined USD 2.282 billion to USD 640.334 billion for the week ended April 19, marking the second consecutive week of decline. The reserves had dropped USD 5.401 billion in...

RBI Amends FEMA for Overseas Listing of Indian Companies

April 24, 2024 20:31

The Reserve Bank of India has notified amended FEMA regulations related to overseas listing of Indian companies on international exchanges, including those at GIFT IFSC.

BookMyForex App: Instant Forex Card Top-Up - Travel Hassle-Free

April 15, 2024 16:12

BookMyForex launches a new app version with instant forex card top-up, allowing travelers to reload their cards digitally in real time. Enjoy hassle-free travel with BookMyForex.

Zimbabwe Launches New Currency Amid Economic Crisis

April 5, 2024 21:29

Zimbabwe introduces a new currency, the ZiG, to combat depreciation and soaring inflation. The move aims to address the country's economic turmoil, but concerns remain.

India's Forex Reserves Hit All-Time High of $645.58 Billion

April 5, 2024 17:35

India's foreign exchange reserves surged by $2.951 billion to reach a record high of $645.583 billion in the week ending March 29, according to the Reserve Bank of India.

India's Rupee Trade Gains Traction: Sitharaman

March 1, 2024 19:55

Finance Minister Nirmala Sitharaman says many countries are negotiating rupee trade with India due to its strong fundamentals and stable currency. India has also opened up all sectors for private...

India's Forex Reserves Jump to $619 Billion - RBI

March 1, 2024 17:58

India's foreign exchange reserves rose by $2.975 billion to $619.072 billion in the week ended February 23, the Reserve Bank of India said on Friday.

China Rolls Over $2 Billion Debt for Pakistan

February 28, 2024 21:34

China has agreed to roll over a $2 billion debt for Pakistan, extending the repayment period. This comes as Pakistan faces economic challenges and relies heavily on friendly countries for financial...

Vodafone Idea Approves Rs 20,000 Cr Fundraise for 5G Rollout

February 27, 2024 21:07

Vodafone Idea's board approves up to Rs 20,000 crore equity fundraise to finance 5G rollout and strengthen 4G services. The company aims to raise Rs 45,000 crore through a mix of equity and debt.

Rs 1.57 Crore Foreign Currency Seized at Chennai Airport

February 25, 2024 14:38

Chennai Airport officials seized Rs 1.57 crore worth foreign currencies from a passenger bound for Mumbai, concealed in his luggage. The passenger was handed over to the Income Tax investigation...

India's Forex Reserves Decline to USD 617.23 Billion

February 23, 2024 19:22

India's forex reserves dropped by USD 5.24 billion to USD 617.23 billion in the week ending February 9, according to RBI data. Foreign currency assets, the largest component of reserves, declined.

PFC Partners with SACE to Boost India-Italy Cooperation

February 23, 2024 15:25

PFC, an Indian state-owned firm, has partnered with SACE, Italy's export credit agency, to facilitate ECA-backed financing for projects in India, leveraging Italian technology and boosting...

Vodafone Idea: Birla Confirms Commitment, Investor Search Continues

February 22, 2024 20:56

Kumar Mangalam Birla reiterates Aditya Birla Group's commitment to Vodafone Idea, revealing ongoing efforts to secure external investors. The telco's board will meet on February 27 to discuss...

Vodafone Idea to Consider Fundraising on Feb 27

February 22, 2024 16:41

Vodafone Idea's board will meet on February 27 to consider fundraising proposals, including equity and debt instruments, to support network expansion and 5G rollout.

DRI Chief: Global Collaboration Key to Contraband Seizures

February 12, 2024 13:57

DRI chief emphasizes international collaboration and enforcement leading to large-scale seizures of contraband goods, highlighting the impact on smuggling and illicit items.

India's Forex Reserves Surge to USD 622.469 Billion

February 9, 2024 17:32

India's foreign exchange reserves jumped to USD 622.469 billion in the week ended February 2, driven by increases in foreign currency assets and gold reserves.

India's Economy: UPA's Mismanagement vs. Modi's Reforms (White Paper)

February 8, 2024 19:34

A white paper analyzes the Indian economy's state under UPA, highlighting its failures and contrasting them with the Modi government's achievements.

India's Forex Reserves Rise to USD 616.7 Billion

February 2, 2024 17:22

India's foreign exchange reserves increased by USD 591 million to USD 616.733 billion in the week ended January 26, according to the Reserve Bank of India.

Bharti Airtel Allots 38.6 Lakh Shares to FCCB Holders

February 2, 2024 17:19

Bharti Airtel has allotted 38.6 lakh equity shares to FCCB holders at a conversion price of Rs 518 per share, following the conversion of FCCBs worth USD 27,795,000. This increases the company's...

Bajaj Finance Q3 Profit Surges 22% to Rs 3,639 Cr

January 29, 2024 19:30

Bajaj Finance reports a 22% jump in Q3 net profit to Rs 3,639 crore, driven by strong growth in assets under management and net interest income. Gross NPAs decline to 0.95% from 1.14% YoY.

India Allows Direct Listing on GIFT IFSC Exchanges

January 24, 2024 19:02

Indian companies can now directly list their securities on international exchanges at GIFT IFSC, boosting foreign investment and providing access to global capital.

RBI Announces Half-Day Market Closure on Jan 22

January 19, 2024 17:44

The Reserve Bank of India has announced that money markets will open at 2:30 pm on January 22 due to a half-day holiday for Ram temple consecration. Learn about the impacted markets and trading hours.

India's Forex Reserves Jump to USD 618.9 Billion

January 19, 2024 17:23

India's foreign exchange reserves rose by USD 1.634 billion to USD 618.937 billion for the week ended January 12, according to the Reserve Bank of India.

India's Forex Reserves Fall by USD 5.89 Billion to USD 617.3 Billion - RBI

January 12, 2024 18:27

India's forex reserves declined sharply by USD 5.89 billion to USD 617.3 billion in the week ending January 5, according to the RBI. The reserves had risen for four consecutive weeks before...

Serentica Renewables Secures Rs 3,500 cr Loan for 530 MW Project

January 8, 2024 11:55

Serentica Renewables has secured a Rs 3,500 crore loan from six banks to fund a 530 MW round-the-clock renewable energy project in India. The project will provide clean energy to Hindustan Zinc,...

India's Forex Reserves Jump to $623.2 Billion - RBI

January 5, 2024 17:24

India's foreign exchange reserves surged by $2.759 billion to $623.2 billion in the week ended December 29, as per the Reserve Bank of India (RBI).

India, Hong Kong Bust Trade-Based Money Laundering

December 29, 2023 21:37

Indian and Hong Kong customs uncover a major money laundering scheme involving synthetic diamonds and Hong Kong-based exporters. The scheme used overvalued imports and dummy firms to launder money.

India's Forex Reserves Rise to USD 620.44 Billion

December 29, 2023 19:31

India's foreign exchange reserves continued to rise, increasing by USD 4.471 billion in the week ending December 22, reaching USD 620.441 billion, according to the Reserve Bank of India.

RBI Clarifies Green Funds Not Mandatory for Banks, NBFCs

December 29, 2023 18:11

The Reserve Bank of India (RBI) has issued FAQs clarifying that banks and NBFCs are not mandated to raise green funds, but must follow guidelines if they choose to do so.

Tax Collection to Rise 3 Times in 10 Years of Modi Govt

December 29, 2023 11:07

India's tax collections are projected to rise to over Rs 19 lakh crore in the next fiscal year, driven by strong economic growth and tax reforms. This news article provides an in-depth analysis of...

India's Forex Reserves Surge to USD 615.971 Billion

December 22, 2023 17:48

India's foreign exchange reserves jumped USD 9.112 billion to USD 615.971 billion in the week ended December 15, according to RBI data.

India's Forex Reserves Jump to USD 606.859 Billion - RBI

December 15, 2023 17:48

India's foreign exchange reserves rose by USD 2.816 billion to USD 606.859 billion in the week ended December 8, according to the Reserve Bank of India (RBI).

Indian VC Urges India to Ease Startup Regulations

December 13, 2023 10:37

A Silicon Valley venture capitalist calls on India to streamline regulations for startups to foster innovation and create the next Google or Facebook.

India's Forex Reserves Jump to USD 597.935 Billion

December 1, 2023 18:14

India's foreign exchange reserves rose by USD 2.538 billion to USD 597.935 billion in the week ended November 24, according to the Reserve Bank of India.

Saudi Arabia Extends $3 Billion Deposit to Pakistan - Central Bank

November 29, 2023 22:06

Saudi Arabia has extended the term of its $3 billion deposit with Pakistan's central bank for another year, providing much-needed relief to the struggling economy. The extension will help Pakistan...

Jaiprakash Associates Defaults on Rs 4,258 Crore Loans

November 6, 2023 18:16

Jaiprakash Associates has defaulted on Rs 4,258 crore loans, including principal and interest. The company is undergoing debt restructuring and plans to exit the cement sector.

India's Forex Reserves Rise to USD 586.11 Billion

November 3, 2023 19:13

India's foreign exchange reserves increased by USD 2.579 billion to USD 586.111 billion in the week ended on October 27, according to the Reserve Bank of India.

Company Name
Price
Volume

Mishtann Foods L
9.84 (+ 9.94)
184493613

Thinkink Picturez
2.13 (+ 4.93)
84583198

Srestha Finvest
0.90 ( -4.26)
79660973

Rajnish Wellness
1.83 ( -1.61)
61365296

Vodafone Idea L
8.03 ( -0.62)
37608220

Budget 2023: Govt to Address Inverted Duty on...

India's government is considering addressing the inverted duty structure for aluminium...

Hyderabad Airport: GMR Plans Second Runway,...

GMR Group plans to expand Hyderabad Airport with a second runway and terminal to handle...

District Admin Role in Onion Procurement: Agri...

India's Agriculture Ministry proposes district administration involvement in onion...

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Search result for 'foreign currency'

Paisalo Digital Raises USD 50 Million in FCCB Issuance

India's Forex Reserves Rise After Weeks of Decline - RBI

Rupee Steady at 84.70, RBI Keeps Rates Unchanged

RBI Raises Rate Caps on Diaspora Deposits to Attract Flows

Torrent Power Raises Rs 3,500 Cr via QIP

Torrent Power Raises Rs 3,500 Cr via QIP

Domestic Air Traffic to Rise 7-10% in FY25: Icra

Torrent Power Opens QIP at Rs 1,555.75

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India's Forex Reserves Plunge by USD 17.76 Billion

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India's Forex Reserves Drop by USD 2.67 Billion - RBI

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India's Forex Reserves Drop to $684.805 Billion - RBI

Nepal Aims for 35,000 MW Electricity by 2035

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India's Forex Reserves Drop to USD 688.26 Billion

Maldives Imposes New Foreign Currency Rules Amidst Debt Crisis

India's Forex Reserves Drop by USD 10.75 Billion

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India's Forex Reserves Drop by USD 3.71 Billion - RBI

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India's Forex Reserves Hit Record High of $704 Billion

PFC Secures USD 1.265 Billion Foreign Currency Loan

Reliance Power to Raise USD 500 Million via Bonds

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Reliance Infra to Raise Rs 2,930 cr via Bonds - Business News

India's Forex Reserves Hit Record High of $692.296 Billion - RBI

Reliance Infra to Raise Funds, Board Meeting on Oct 1

India's Forex Reserves Hit Record High of $689.45 Billion

India Extends USD 50 Million Loan to Maldives

HSBC India Launches Global Education Payments

India's Forex Reserves Hit Record High of USD 689.24 Billion

India's Forex Reserves Hit All-Time High: USD 689.24 Billion

ED Seizes Forex, Assets in Axis Mutual Fund Front Running Case

Declining Bank Credit Hurts Exporters: Meeting with Goyal on Sep 11

India's Forex Reserves Hit Record High of USD 683.987 Billion

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India's Forex Reserves Hit Record High of USD 681.69 Billion

Goyal: Stock Market Investors Know the Risks and Rewards

India's Forex Reserves Surge to USD 674.664 Billion

India's Forex Reserves Drop $4.8 Billion to $670.11 Billion - RBI

Zee Entertainment Allotment of $239mn FCCBs

India's Forex Reserves Hit Record High of USD 674.91 Billion

Essar Shipping Reports Rs 34.53 Crore Loss in Q1 2024

India's Forex Reserves Drop to USD 667.386 Billion - RBI Data

BookMyForex Student Offer: Zero Fee Remittances & Deals

India's Forex Reserves Hit New High at $670.857 Billion - RBI

Airtel Africa Q1 Profit: USD 7 mn, Revenue Drops 16% | PTI

India Remittances to Grow 3.7% in 2024 to $124 Billion: Eco Survey

IndusInd Bank to Raise Rs 30,000 Crore via Debt & Shares

India's Forex Reserves Hit All-Time High of USD 666.85 Billion

FPIs Pump Rs 15,352 Cr into Indian Equities in July

Pakistan Secures $7 Billion IMF Deal for Macroeconomic Stability

India's Forex Reserves Jump to $657.16 Billion - RBI

RBI Boosts GIFT IFSC Attractiveness with LRS Expansion

Pakistan to Restructure USD 15 Billion Energy Debt with China

Torrent Power Seeks Rs 5,000 Cr Fundraise via Equity

India's Forex Reserves Decline to USD 651.99 Billion - RBI Data

India's High Debt: Sustainable for Now? - NCAER

India's Forex Reserves Jump to $653.71 Billion - RBI

India's Forex Reserves Drop by USD 2.922 Billion - RBI

DRI seizes contrabands worth Rs 3,500 cr in FY??24; narcotic drugs, gold major contributors

RBI Direct Foreign Currency Transactions: ICT Chairman Kapila Urges Change

Pakistan Budget Risks: Climate Change, SOEs &amp; More

India's Forex Reserves Hit All-Time High of $655.8 Billion

Indian Ship Recycling Revenue to Rise 15% in FY24

Bharti Airtel Converts USD 49.87 mn Foreign Debt Bond into Equity

Union Bank to Raise Rs 10,000 Cr for Growth

NCLT Initiates Insolvency Against Jaiprakash Associates

REC Board Approves Foreign Borrowing Limit Increase to USD 24 Billion

India's Forex Reserves Drop by $2 Billion to $646.67 Billion - RBI

RBI Balance Sheet Rises 11% to Rs 70.47 Lakh Cr in FY24

India's Trade Deficit with Top 10 Partners in 2023-24

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Dvara KGFS Secures $10 Million for Expansion

India's Forex Reserves Hit Record High of USD 648.7 Billion

Pakistan Budget Risks: Climate Change, SOEs & More

IMF Approves $1.1 Billion Loan to Pakistan: Bailout && Economic Reforms

India's Forex Reserves Jump to USD 597.935 Billion