Rupee gains 14 paise to 75.79 against US dollar in early trade
The rupee appreciated 14 paise to 75.79 against the US dollar in opening trade on Monday, amid a pullback in crude oil prices At the interbank foreign exchange, the rupee opened at 75.94 against the American dollar, then gained further ground to quote 75.79, registering a rise of 14 paise from the last close On Friday, the […]
Sri Lanka’s forex crisis leads to a tourism crisis
With Sri Lanka going through an ongoing foreign exchange criss, governments of the United Kingdom, and Canada have warned their travellers about the economic situation. The UK government has warned its travellers that Sri Lanka is reeling under a crisis with shortages of medicines, food, and fuel, as there is now a shortage of hard […]
Gold up as dollar, yields weaken; progress in Russia-Ukraine talks weighs
Gold prices rose on Wednesday, supported by a dip in the U.S. dollar and Treasury yields, though signs of progress in Russia-Ukraine peace talks dented the metal’s appeal as a safe haven and kept gains in check Spot gold was up 0.3% to $1,923.95 per ounce by 0210 GMT. U.S. gold futures rose 0.5% at $1,927.70. The metal fell as […]
Rupee advances 23 paise to 75.93 against US dollar in early trade
The rupee appreciated 23 paise to 75.93 against the US dollar in the opening trade on Tuesday, following a positive trend in domestic equities amid softening global crude oil prices A weak American currency in the overseas market also helped the domestic unit, forex traders said At the interbank foreign exchange, the rupee opened strong at 75.97 […]
Fishin announces Rs.1000 crore investment in Telangana
Fishin, a world-renowned company in import of Tilapia fish, is investing Rs.1, 000 crore in Telangana for setting up the largest freshwater aquaculture project in the world The company will be setting up the project near Mid Manair reservoir, Rajanna Sircilla district This announcement was made by the company Chairman and CEO Manish Kumar after […]
Game-Streaming Platform Loco Raises Rs 330 Cr In Hashed-led Funding Round
India’s leading game-streaming platform Loco said it had secured Rs 330 crore ($42 million) in an investment round led by Hashed. Besides Makers Fund, Catamaran Ventures, and Korea Investment Partners, all investors from the company’s seed round, including Krafton, Lumikai, and Hiro Capital, also participated in this round. The new investment will cement Loco’s current […]
Forex reserves jump by $2.76 bn to $632.95 bn: RBI data
The country’s foreign exchange reserves increased by USD 2.762 billion to USD 632.952 billion for the week ended February 18 on a healthy rise in the value of gold reserves and core currency assets, the RBI said on Friday In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD […]
RBI imposes monetary penalty of Rs 1 crore on State Bank of India
The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI As per the press note, the irregularities were identified after a Statutory Inspections for […]
Canara Bank hikes fixed deposit rates by up to 25 basis points
The revised rates are effective from March 1, 2022, Canara Bank said in a statement Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent while for one-two years it is raised to 5.15 per cent from 5 per cent, it said. Fixed deposit between 2-3 years would invite interest rate […]
Airtel falls 3% as investors okay investment from Google, telco signs deal to up stake in Indus Towers
Bharti Airtel’s share price shed 3 percent in early trade on February 28 after shareholders approved the issue of preferential shares to Google for its Rs 7,500 crore investment and the telecom company entered into an agreement with Vodafone Plc to buy equity interest in Indus Towers Bharti Airtel will buy a 4.7 percent stake […]
