Forex Reserves Drop $346 Mn with in a week Ending Aug 10

As on Aug 10, 2007, Forex reserves went down USD 346 million to USD 228.996 billion, mainly on the back of declension in foreign currency and assets accumulations on a weekly basis.

According to the RBI’s weekly statistical supplement released on Aug. 17, 2007 the foreign currency and assets decreased USD 221.653 billion.

The gold reserves and the IMF reserve position remained flat at USD 6,887 million and USD 455 million correspondingly during the same period.

Stock Markets Sign Off In Volatile Mood, Metal, IT Linger

BSE SensexIndian stocks turned down for the third day, with the key index witness its

VISA Steel Enters JV With Baosteel

Baosteel GroupKolkata: Visa Steel has entered into a joint venture contract with China’s Baosteel Trading and VISA Comtrade of Switzerland for establishing a 1 lakh tonne-per-annum ferro chrome facility in Orissa.

The joint venture company will be named ‘VISA BAO,’ in which VISA Steel will hold a 51% stake, while Baosteel Trading and VISA Comtrade will hold 35% and 14% stakes, correspondingly.

Reshuffle At Satyam Computers Top Level

Satyam Computer ServicesHyderabad: Satyam Computer Services annunciated that four of the

I Have Complete Faith In A Higher Force, Says PM

PM Manmohan SinghNew Delhi: Manmohan Singh stated that although the Oppositio

Bank Credit Climb Up 23.4%

The credit paid out by listed commercial banking institutions arose 23.4% (Rs 3,654.48 billion) on a yearly basis on Aug. 3, 2007 that is under the growth of combined bank deposits of 24.3%.

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News in Focus

Everstone Capital Sells 2.16% Stake in Restaurant Brands Asia for Rs 113 Crore

Everstone Capital, a private equity firm, has divested a 2.16% stake in Restaurant Brands Asia (RBA), previously known as Burger King India Ltd, via an open market transaction.

Aditi Rao Hydari and Siddharth Marry at 400-year-old temple in Wanaparthy

Aditi Rao Hydari and Siddharth, co-stars of the 2021 film Maha Samudram, tied the knot in an intimate South Indian ceremony on September 16.

Bajaj Finance, M&M, Hero MotoCorp, HDFC Bank and SBI Life Among Top Gainers

Indian markets were trading positive on Wednesday with many 28 stocks in NSE Nifty trading positive while 22 trading negative.

Shriram Finance Share Price Jumps by 2.4 Percent; Touches 52-week High

Shriram Finance Limited stock opened the trading session at Rs 3,444 and touched intraday high (and yearly high as well) at Rs 3541 at the time of publication of this report.

Crypto Payments Ban in Sports Betting and Online Casino in Brazil

Brazil has given green signal to Sports Betting but payments can't be made using cryptocurrency. The government wants better control over the funding of betting operations and also withdrawals.

Kumkum Bhagya 17th September 2024 Written Update and Upcoming Twist

In today’s riveting episode, tensions finally erupt as Poorvi confronts Sahil, the secretive boyfriend of Neha, with a determination to uncover the truth.