Mumbai, Jul 25 (PTI) India’s forex kitty declined by USD 1.183 billion to USD 695.489 billion during the week ended July 18, the RBI said on Friday. In the previous reporting week, the overall kitty had dropped by USD 3.064 billion to USD 696.672 billion. The reserves had touched an all-time high of USD 704.885…
This is crucial as in certain professional services, recognition of qualifications is an essential requirement. “It has been agreed that both countries will engage in mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants and dentists. Within a period of 36 months, we will…
China’s Chery Automobile Co. will supply technology and components to billionaire Sajjan Jindal’s JSW Group to help launch a new-energy vehicle brand in India by 2027, according to people familiar with the matter. Under an agreement between the two companies, JSW will pay Chery a one-off technology transfer fee and recurring royalties, said the people,…
As part of its growth strategy, the company has already set up eight new manufacturing facilities across FMCG, Sustainable Packaging and export-oriented Value-Added Agricultural Products in recent years, he added. Puri said the company will prioritise its ‘Bharat First’ strategy-focusing on deepening its domestic presence, before making a significant overseas impact. He added that new…
India’s foreign exchange reserves provide a 95 percent cover for external debt outstanding at the end March 2025, according to the Reserve Bank of India’s (RBI) July bulletin. It also added that the current forex reserves also provide for more than 11 months of goods imports cover. “The external sector remained resilient, backed by ample…
July 24 (Reuters) – French-Italian chipmaker STMicroelectronics (STMPA.PA), opens new tab said on Thursday it would acquire part of NXP Semiconductors’ (NXPI.O), opens new tab sensor unit for up to $950 million in cash. The deal would expand STMicro’s portfolio of MEMS-based electromechanical sensors, which include safety and monitoring sensors for vehicles as well as…
India’s Adani Enterprises said on Thursday it will divest 50 per cent of its copper tubes business to MetTube Copper India in a bid to boost domestic copper tube production and reduce reliance on imports. Concurrently, Adani Enterprises will also take a 50 per cent stake in MetTube Copper India, the company said in an…
As telecom companies such as Reliance Jio and Bharti Airtel near completion of 5G network expansion and curtail capital expenditure and tower rentals fall, tower companies are likely to see flattish growth in the next five years, with Vodafone Idea’s 5G rollouts and 4G coverage expansion likely to offer short-term support, according to analysts. …
Zoho backs Netrasemi with ₹107 crore, bets big on India’s semiconductor future Zoho Corp, one of India’s most profitable and globally respected SaaS companies, is making a bold move—this time not in software, but in silicon. The Chennai-headquartered company has invested ₹107 crore in Kerala-based semiconductor startup Netrasemi, leading its Series A round alongside…
This free trade deal, which was under negotiation for around three years, will give a much-needed boost bilateral trade between the two countries by around $ 34 billion annually. The deal was signed by commerce minister Piyush Goyal and his British counterpart Jonathan Reynold in presence of the Prime Ministers of both the countries. …