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Business

RBI's Bold Move: $20 Billion Forex Sold in November, Potential for $138 Billion More

The RBI sold $20 billion from its forex reserves in November to stabilize the rupee, with potential for $138 billion more in sales. Despite significant sales, India's forex reserve...

Business

Government and RBI Consider 'Cooling Off' Period to Combat Online Fraud Through Mule Accounts

The Indian government and RBI are discussing a 'cooling off' period to block funds in mule accounts, aiming to combat online fraud. This initiative, alongside strengthened KYC norm...

Business

Surge in Default Rates for Small-Ticket Personal Loans Under Rs 10,000: A Deep Dive

Recent data shows a significant increase in default rates for personal loans under Rs 10,000, with a peak in delinquencies among loans issued between December 2023 and June 2024. N...

Business

India's Economic Climate Beckons Private Investors: A Comprehensive Survey Analysis

A CII survey reveals India's economic environment as highly conducive for private investments, with 97% of firms likely to increase employment in 2024-25 and 2025-26, and 70% plann...

Business

Hindenburg Research Faces Allegations of Collusion with Hedge Fund in Market Manipulation Scandal

Nate Anderson and Hindenburg Research face allegations of colluding with hedge funds to manipulate the market. Documents from a defamation lawsuit in Ontario suggest undisclosed co...

Business

India Aims to Become Global Innovation Hub with Proposed R&D PLI Scheme in Budget 2025-26

Deloitte India proposes a PLI scheme for R&D in Budget 2025-26 to attract foreign companies and make India a global innovation hub. This initiative aims to foster a conducive envir...

Business

India's Forex Reserves Dip to $625 Billion: A 10-Month Low Amidst Rupee Volatility

India's foreign exchange reserves have declined to a ten-month low of $625.87 billion, influenced by the RBI's intervention to stabilize the rupee. Despite the drop, reserves remai...

Business

India Aims for a $250 Billion Engineering Export Boom by 2030, Commerce Secretary Reveals

India aims to boost its engineering exports to $250 billion by 2030, focusing on infrastructure, innovation, and global expansion, as announced by Commerce Secretary Sunil Barthwal...