MUMBAI: RBI has said $20.7 billion has been raised through its concessional swap facility for FCNR(B) deposits, OFCBs and ECBs till July 17, reflecting investor interest after the scheme was announced on June 5 and operationalised from June 8 to boost the balance of payments and attract capital inflows. The collection is almost twice the … Read more
The minister also told the Rajya Sabha that there is currently “no decision” to raise ethanol blending beyond 20 per cent. (ANI photo) Amid ongoing debate on E20 petrol, the government on Monday said there is no confirmed evidence linking ethanol-blended petrol (E20) to widespread engine failures or vehicle breakdowns, pointing to both scientific studies … Read more
Coca-Cola’s plans to take its bottling business to Dalal Street have moved a step closer. Hindustan Coca-Cola Holdings has appointed JPMorgan and Citi to steer the proposed 2027 IPO, Reuters reported, citing two sources familiar with the development. The company is also exploring the sale of part of its stake.The appointments were finalised after investment … Read more
Russia has strengthened its position as India’s largest crude oil supplier. (File PTI photo of Russian oil tanker) India’s crude oil imports from Russia continue to be near record highs in July, despite the Donald Trump administration not extending a sanctions waiver. Amid the ongoing US-Iran conflict, Russia has emerged as the key crude oil … Read more
AI-linked stocks have faced sustained selling pressure in recent weeks amid concerns that valuations had risen too rapidly. US stock market today: Wall Street rebounded on Monday as shares of chipmakers and other companies that have benefited from the artificial intelligence boom recovered after recent sharp declines.The S&P 500 advanced 0.6%, following its first weekly … Read more
Shipments of these key industrial components to the US during the first six months of the year were roughly 20% lower than the average recorded between 2022 and 2024. (Reuters photo) China’s exports of rare-earth magnets to the United States continue to remain significantly below levels recorded before the trade conflict, despite the truce reached … Read more
After weeks of easing fuel costs, average petrol prices in the United States have climbed back to $4 per gallon, driven by the recent flare-up in the Middle East and rising tensions between the US and Iran. According to motor club federation AAA, the national average price of regular gasoline stood at $4 per gallon … Read more
The era of ultra-low interest rates that followed the 2008 global financial crisis may finally be over, with investors now preparing for a prolonged period of higher borrowing costs, sustained investment in artificial intelligence (AI) and infrastructure, and elevated geopolitical risks.According to a recent report by Moody’s Ratings, “A new macro regime is driving differentiated … Read more
To begin with, bullet trains will be capable of operating at speeds exceeding 250 kmph and will have a design speed of 280 kmph. India’s first bullet train project is likely to see the launch of its first high-speed train in 2027. India and Japan have jointly decided to operate indigenous bullet trains equipped with … Read more
Expanding the use of ethanol as a cooking fuel could help India lower its reliance on LPG and reduce its growing fuel import bill. (ANI photo) Ethanol may soon make its way to your kitchen as a cooking fuel. Even as debate rages on the impact of E20 petrol, the Ministry of Petroleum and Natural … Read more