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By Jaspreet Kalra and Nimesh Vora MUMBAI, April 2 (Reuters) – India’s central bank has activated crisis-era measures to support the rupee, which has fallen to an all-time low as oil prices soared and foreign investors pulled money out at a record pace. Amid the strain, the Reserve Bank of India has stepped in to…
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India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a $149 billion-a-day market in an extreme step to shore up its tumbling currency. Source link
India’s new emissions-reduction plans offer significant investment opportunities in sectors related to grid upgrades and storage batteries, according to one of the country’s largest climate-focused funds. Source link
Prime Minister Narendra Modi on Wednesday chaired the second special meeting of the Cabinet Committee on Security (CCS) to review measures being taken across key sectors to insulate India from the impact of the ongoing West Asia conflict, asking all departments to take every possible measure to address problems of citizens. Prime Minister Narendra Modi…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Indian markets have been rattled by the Iran war, with foreign investors fleeing and valuations slipping to rare lows. But fund managers…
NEW DELHI: Comptroller and Auditor General (CAG) has raised questions on the condition of the new Indian embassy building in Beijing – how it turned into an “uninhabitable” place, “extremely dilapidated, within a few years of renovation and despite incurring expenditure on a comprehensive annual maintenance contract (AMC).The embassy had shifted its offices and residential…
NEW DELHI: The SC’s recent judicial attempts to sensitise HC judges against reserving verdicts in order to avoid delaying justice delivery and causing anxiety to litigants appears to have had little impact on some of its own judges.Take for instance two judgments delivered by Justice Manoj Misra on Wednesday. One pertained to a criminal case…
