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india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

India's foreign exchange reserves this week cross $700 billion for first time

Despite geo-political uncertainties, the investors' confidence remained intact in India's growth story as the country's foreign exchange reserves surpassed $700 billion for the first time, reaching $704.89 billion in the week ending September 27, the Reserve Bank of India

Oct 4, 2024

Revised transaction fee on stock exchanges, TDS rates come into effect

Indian Stock Exchanges Revise Transaction Fees and TDS Rates [Details Here]

The Indian stock exchanges, specifically the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), have announced a significant revision in their transaction fees for cash and futures and options trading.

Oct 1, 2024

Sensex trades higher on positive global cues

Sensex trades higher echoing Asian, US market cues

Indian equity indices opened in green on Friday following positive cues from Asian and US markets.

Sep 20, 2024

India's forex reserves rise to 4-month high

India's forex reserves up $2.3 billion to touch new high of $683.9 billion

India's forex reserves increased by $2.299 billion to a new high of $683.98 billion for the week ended August 30, the Reserve Bank of India (RBI) data showed on Friday

Sep 7, 2024

IMF Boosts Egypt's Economy with $820 Million Aid Amid Regional Tensions

The IMF has approved a disbursement of $820 million to strengthen Egypt's economy. This aid is part of an $8 billion loan program agreed upon in March to help Egypt deal with regional tensions. Despite Egypt's economic progress, the IMF warns of the challenging regional environment it continues to face.

Aug 27, 2024

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

Aug 8, 2024

Indian Embassy Rescues 14 Youths from Laos Cyber-Scam Centres

The Indian Embassy in Laos rescued 14 Indian youths from cyber-scam centres in the Golden Triangle SEZ. The victims were lured to Laos with fraudulent job offers and then held captive. The Embassy has issued warnings and advisories to Indian workers considering employment in Laos. Similar incidents have been reported in other Southeast Asian countries, highlighting the need for international efforts to combat this issue.

Aug 7, 2024

UPI transactions reach Rs 20.64 lakh crore in July: NPCI

The Unified Payments Interface (UPI)-based transactions surged once again in the month of July, reaching Rs 20.64 lakh crore against Rs 20.07 lakh crore in the previous month – a massive 35 per cent surge (year-on-year), the data released by the National Payments Corporation of India (NPCI)

Aug 1, 2024

India's Forex reserves surge to lifetime high of $670.86 bn

India's foreign exchange (Forex) reserves rose for the third-consecutive week to touch a new lifetime high of $670.86 billion as of July 19, according to the latest data released by the RBI on Friday.

Jul 26, 2024

Playbook for B2B SaaS Marketing in Tough Markets

Prateek Panda said Tactics like free trials, freemium models, and consultative selling can effectively lower barriers to entry and demonstrate value to potential buyers

Jul 21, 2024

The Transformative Role of Machine Learning in Financial Forecasting

ML is revolutionizing financial forecasting in consumer banking, enhancing fraud detection, personalizing customer experiences, predicting behavior, aiding strategic planning, and optimizing pricing.

Jul 16, 2024

India and ASEAN Unite for Cross-Border Payments

The Reserve Bank of India (RBI) has made a significant stride towards financial integration by collaborating with four ASEAN countries to establish a platform for instantaneous cross-border retail payments.

Jul 1, 2024

Demonetised notes with face value of Rs 75 lakh seized, four arrested

Demonetised Rs 500 and 1,000 notes with a face value of Rs 75 lakh were seized from Surat in Gujarat, and four people were arrested in this connection.

Jun 29, 2024

New global scenario unfolds: After Pyongyang, Putin lands in Hanoi, lauds ties with Vietnam

Russian President Vladimir Putin visited Vietnam to expand strategic partnerships amid global isolation. The visit aimed to strengthen economic relations and included an invitation to President Lam for WWII commemorations in Moscow.

Jun 21, 2024

Shoring up Allies? After North Korea, Putin lands in Vietnam

Having been isolated on the international stage, Putin is seeking to shore up support from Russia's remaining allies.

Jun 20, 2024

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