Indian importers took advantage of the rupee’s rebound against the dollar last week to hedge their future foreign currency obligations, data showed. Average dollar purchases by importers rose to $1.64 billion last week after the reporting date, from $1.14 billion

Prime Minister Narendra Modi reiterated the privatization push, famously claiming in 2021 that the government should not be in the business of doing business. Since then it has managed to get rid of some assets including some troubled ones like

The Reserve Bank of India (RBI) on Monday proposed a framework for banks to adopt an “expected loss-based” approach to risk provisioning. Currently, banks are required to establish loan loss provisions based on an incurred loss approach, which until recently

Reliance has recently entered the FMCG business through its RCPL arm by launching the ‘Independence’ brand for staples, processed foods, beverages and other daily necessities in Gujarat. The brand will be launched across India in a few months. The brand,

The two-day G20 Infrastructure Working Group (IWG) will start in Pune on Monday, with participants discussing various aspects of infrastructure investment. The meeting will be attended by 65 delegates from IWG member countries, host

After completion of debt restructuring talks with Japan, Sri Lanka will start consultations with India. China, another major lender, continues to lag. Foreign Minister S. Jaishankar is expected to visit Colombo this week to meet with stakeholders and discuss the

Following new allegations by Shankar Mishra, who was accused of urinating on a woman on an Air India plane, that he did not commit the offense and that the complainant may have peed on her

New Delhi [India]Jan 15 (ANI): India imported 1.55 million tonnes of cooking oils in December, a 22 percent annual increase, data from the Solvent Extractors’ Association of India showed. Overall, the import of vegetable oils, including cooking oils, is reported

Sri Lanka has concluded debt restructuring talks with Japan and will continue holding such meetings with India this month, President Ranil Wickremesinghe announced on Saturday as the strapped country tries to find a way out

The Federation of Automotive Dealers Association said on Friday that MG Motor India has become the country’s first automaker to accept its model dealership agreement, which gives retail partners an equal say in running the car sales business. The association