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India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.
The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.
The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.
The Sensex and Nifty closed in the red for the fifth straight session on October 4, as rising tensions in the Middle East rattled investor confidence. Fears of potential disruptions to oil…
MUMBAI: Flight operations at Mumbai Airport will be closed for six hours on October 17 for carrying out post-Monsoon maintenance work on two cross runways at the facility, Mumbai International Airport Ltd…
Addressing a rally here, he said he was not blaming the YSRCP chief YS jagan Mohan Reddy personally on the laddu adulteration, but the previous board of Tirumala Tirupati Devasthanams (TTD), which was constituted during the previous regime.
Netanyahu said the missile attack was a failure and that Iran would soon learn a painful lesson just as its enemies in Gaza, Lebanon and other places have learned. “Whoever attacks us. We attack them,” he said.
“We anticipate China’s growth will slow further in 2024-2025. On the other hand, the region’s emerging markets are riding a still-solid export recovery,” said S&P Global Ratings credit analyst Eunice Tan.
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These institutions were rescued by takeovers or bailouts, but the failures of several smaller cooperative banks remain a persistent issue. One consequence of banking failures abroad, especially in the US, has been a shift of depositor funds from smaller banks to larger, more stable ones, driven by a trust deficit. A similar trend could emerge in India, putting smaller banks under pressure.
Mahindra Finance and UGRO Capital aim to combine their respective strengths under a co-origination structure where UGRO will leverage its data analytics, distribution network and ground presence.
In his application, Wadhawan has sought to be allowed to propose a viable revival plan in the CIRP or a one-time settlement in the insolvency process, underscoring that he is interested in the maximization of the resolution value.