India’s forex reserves decline further after hitting record high

[ NEW DELHI: India’s foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.As per the latest data released by the Reserve Bank of India (RBI), the country’s foreign exchange kitty declined by USD 2.828 billion to USD 640.334 billion … Read more

Forex reserves surge to $636.095 billion

[ NEW DELHI: Foreign exchange reserves surged by $10.470 billion to reach $636.095 billion by the end of the week ending on March 8, according to the latest data released by the Reserve Bank of India (RBI). This marks the third consecutive week of growth to hit a two-year high.. The data prior to the … Read more

SoftBank: SoftBank sells shares worth USD 310 million in FirstCry

[ NEW DELHI: Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday. “SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With … Read more