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24-hour trades, hedging tools: RBI to rejig forex market rules

MUMBAI: Increased opportunities to hedge foreign exchange risk and longer trading hours are at the heart of a proposed overhaul by RBI to liberalise access to currency markets.The draft framework broadens the different types of derivatives that banks (authorised dealers) may offer to individuals and firms, extending hedging tools for currency and interest-rate exposures. Trades…

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Cuttack tense again: Fresh incidents of violence after Durga idol immersion clash; 24-hour internet shutdown | India News

NEW DELHI: Cuttack remained tense on Sunday following new incidents of violence linked to a group clash during a Durga idol immersion procession two days ago.Due to the tense law and order situation, the state government suspended internet services from 7 pm on Sunday to 7 pm on Monday in areas under Cuttack Municipal Corporation,…

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Microsoft has a 24-hour deadline warning for Indian and other foreign employees after H1-B visa fees hike to $100,000: Strongly recommend H1B visa holders….

Microsoft has urged its employees on H-1B and H-4 visas to return to the US immediately before the Trump administration’s September 21 deadline, after which companies will be required to pay $100,000 per year for each H-1B worker visa. According to an internal email reviewed by Reuters, the software giant has also advised those already…

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