India’s foreign exchange reserves have reached a new record high of $692 billion, marking an increase of $2.8 billion for the week ending September 20, as reported by the Reserve Bank of India (RBI). This milestone represents the fifth consecutive week of growth, edging closer to the $700 billion goal. The boost in reserves was ...
 "Hyundai India gains IPO approval, aiming to raise billion, marking a significant comeback in the Indian automotive market.")
Hyundai Motor India has received approval for its initial public offering (IPO) from the Securities and Exchange Board of India. The South Korean automaker aims to raise $3 billion, valuing the company at around $20 billion. This IPO marks the first for a carmaker in India in the last 20 years, following Maruti Suzuki’s IPO ...
 "Inox Wind secures Rs 2,200 crore financing from an ICICI Bank-led consortium, marking a pivotal milestone in its financial independence.")
Inox Wind has successfully secured a financial agreement with a consortium of banks led by ICICI Bank, covering a credit facility of Rs 2,200 crore. This agreement may increase to Rs 2,400 crore based on an assessment of working capital by ICICI Bank. The financing, primarily non-fund based through bank guarantees and letters of credit, ...
 "HFCL partners with General Atomics to develop drone detection systems, marking a pivotal advancement in defense technology.")
HFCL, an Indian telecom company, has been chosen by General Atomics Aeronautical Systems to develop key sub-systems for their advanced unmanned aircraft systems. This collaboration marks a significant achievement for HFCL, showcasing its expertise in cutting-edge technology. Among the projects, HFCL is working on a drone detection radar, essential for modern surveillance operations. The company’s ...
 "Indian firms achieved a record cash flow of Rs 11.1 trillion in FY24, marking a dramatic 19.3% increase.")
In the financial year 2023-24, Indian companies achieved a remarkable milestone by generating a net cash flow of Rs 11.1 trillion from their operations. This figure marks the first time cash flow has crossed the Rs 10-trillion threshold, as reported by the Centre for Monitoring Indian Economy (CMIE). The new cash flow represents a significant ...
 "India’s currency shines with a record 9.46 billion in reserves, marking its strongest weekly rise this year.")
India’s foreign exchange reserves have reached a record high of $689.46 billion, marking a consistent rise for five consecutive weeks. This week’s increase was $220 million, adding to a total of $19.1 billion gained in previous weeks. The Reserve Bank of India plays a key role in managing the exchange Market to stabilize the value ...
 "BSNL defied industry trends, gaining 2.9 million subscribers in July amid rivals’ tariff hikes, marking a dramatic turnaround.")
In July, state-owned telecom company BSNL experienced a significant turnaround, adding 2.9 million subscribers after private rivals increased their tariffs. This surge came after BSNL had lost 0.74 million users in June. Major players like Reliance Jio, Bharti Airtel, and Vodafone Idea raised their prices just days earlier, resulting in subscriber losses for all three. ...
 "Tensions escalate as China deploys 20 warplanes and 10 vessels near Taiwan, marking another provocative military maneuver amidst ongoing territorial disputes.")
Taiwan’s Ministry of National Defence recently reported heightened military activity from China, detecting 20 Chinese military aircraft and 10 naval vessels around Taiwan over a 24-hour period. Fifteen of these aircraft crossed the median line of the Taiwan Strait, entering Taiwan’s Air Defence Identification Zone. This escalation is part of a series of provocations by ...
 "Siddharth Shankar’s Tails Trading Group sells its private labeling arm for GBP 395 million, marking a strategic milestone in global trade.")
Tails Trading Group, a UK-based supplier of consumer packaged goods led by Indian entrepreneur Siddharth Shankar, has sold its private labelling division for GBP 395 million to an international investor consortium. The labelling division supplies various products, including food, beverages, and household items, to major retailers and airlines across North America and Europe. Shankar views ...
 "Ford plans to revive its Chennai factory for exports, marking a dramatic return to the Indian market after its 2021 exit.")
Ford Motor Company has announced plans to reopen its Chennai factory, focusing on production for export markets. This move marks the company’s return to the Indian Market after it halted production in August 2022. Kay Hart, president of Ford’s international markets group, has submitted a letter of intent to the Tamil Nadu government, which is ...
