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MUMBAI: India’s foreign exchange reserve dipped by nearly $7 billion to $695.4 billion during the week ended Oct 24, Reserve Bank of India data showed. Of the total, foreign currency assets were worth $566.5 billion (down $3.9 billion on the week), gold was worth $105.5 billion (down $3 billion), SDRs were worth $18.7 billion (down…
MUMBAI: The Rs 1,668-crore IPO for Orkla India, the Indian arm of the Norwegian conglomerate, was subscribed nearly 49 times at close of bidding on Friday.Data from BSE showed that while the institutional part was subscribed almost 118 times, the portion reserved for high networth investors (HNIs) was subscribed 54 times. Data also showed that…
NEW DELHI: Maruti Suzuki India on Friday reported an 8% rise in consolidated net profit to Rs 3,349 crore for the second quarter ended Sept 30, driven by robust exports growth.The company had posted a consolidated net profit of Rs 3,102 crore in the same period of the last fiscal, Maruti Suzuki India said in…
BENGALURU: India has the depth and savings to create its own pool of patient capital, commerce and industry minister Piyush Goyal said on Friday, and called for greater use of domestic funds to accelerate the next phase of growth in the country’s startup ecosystem.“I asked my team to look at the regulatory framework so that…
The Unique Identification Authority of India (UIDAI) has set up a high-level expert committee to make Aadhaar technology future-ready, with focus on scalability, data security, and resilience against emerging cybersecurity threats, according to an official statement issued on Friday.The committee, chaired by UIDAI Chairperson Neelkanth Mishra, includes UIDAI CEO Bhuvnesh Kumar, Nutanix founder Dheeraj Pandey,…
File photo: Apple CEO Tim Cook (Picture credit: AP) NEW DELHI: Apple’s operations in India shone once again for the US tech and electronics major, which set an all-time revenue record in the country just as it recorded an eight per cent growth in global revenues, at $102.5 billion, led by “a tremendous response” to…
The Reserve Bank of India (RBI) on Friday announced the launch of the next round of three key surveys — including one on inflation expectations — aimed at providing critical inputs for formulating monetary policy.The November 2025 round of the Inflation Expectations Survey of Households (IESH) will capture households’ subjective assessments of price movements and…
Growth in bank credit to industry eased to 7.3 per cent in September 2025, compared with 8.9 per cent in the same period a year earlier, according to Reserve Bank of India (RBI) data released on Friday.On a year-on-year basis, non-food bank credit rose 10.2 per cent as of the fortnight ended September 19, 2025,…
Wall Street moved higher on Friday, powered by a sharp rise in Amazon shares that helped push the S&P 500 near record levels and positioned it for another strong week and month. The S&P 500 climbed 0.6%, recouping most of Thursday’s losses and nearing its all-time high set earlier in the week. The index is…
Businesses that have not filed their pending GST returns for three years or more will no longer be able to do so beginning the November tax period, according to an advisory from the Goods and Services Tax Network (GSTN).The GSTN, which manages the technology backbone of the indirect tax system, said that monthly, quarterly, and…
