India’s foreign exchange reserves declined by $1.183 billion to $695.489 billion during the week ended July 18, according to data released by the Reserve Bank of India (RBI) on Friday.This marks a second consecutive weekly drop after the reserves fell by $3.064 billion in the previous week, PTI reported. India’s forex reserves had touched a…
Wall Street edged higher on Friday, with the S&P 500 and Nasdaq Composite hovering near all-time highs, as investors braced for a packed week of corporate earnings, macroeconomic data and high-stakes trade deadlines.The S&P 500 rose 0.1% in early trade after closing at a record 6,363.35 in the previous session, marking its fourth weekly gain…
BENGALURU: Bengaluru-based Yali Capital has closed its debut deep tech-focused fund at Rs 893 crore (about $104 million), exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace and…
NSDL IPO: For its upcoming Initial Public Offering (IPO), the National Securities Depository Limited (NSDL) has set a price band of Rs 760–800 per share. The precise band has taken investors by surprise since its at around a 22% discount from its last traded value in the unlisted market. Earlier this month, the stock was…
Etihad Airways on Friday announced the delivery of its first Airbus A321LR aircraft from a total order of 30 jets, marking a significant step in the airline’s expansion strategy. The aircraft will enter commercial service on August 1, 2025, with its inaugural route connecting Abu Dhabi to Phuket.Following its debut, the A321LR will gradually be…
BENGALURU: Swiggy has appointed Faraz Khalid, CEO of MidEast ecommerce major noon, as an independent director to its board, while long-time investor nominees from Accel and SoftBank have exited their roles, marking a broader shift toward independent governance after the company’s 2024 IPO.Khalid’s appointment brings global ecommerce and quick-commerce expertise to Swiggy at a time…
The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, dragged down by weak domestic equities, rising global crude oil prices, and sustained foreign fund outflows. The sharp slide in equity benchmarks and a stronger dollar overseas also pressured the local unit, forex traders said.At the interbank foreign exchange, the…
Amid a brewing ownership dispute at Sona BLW Precision Forgings (Sona Comstar) following the sudden death of its chairman Sunjay Kapur, the company on Friday said it went ahead with its Annual General Meeting (AGM) in full compliance with legal and regulatory requirements, despite a request for postponement by Rani Kapur, the mother of the…
The Atal Pension Yojana (APY), the Centre’s flagship social security scheme aimed at unorganised sector workers, has surpassed 8 crore total gross enrolments, the Finance Ministry said on Friday. The scheme added 39 lakh new subscribers in the current financial year so far, marking a significant expansion in its outreach.Launched on May 9, 2015, and…
Gold rate today: Gold prices fell for the second consecutive session on Friday, dropping Rs 500 to Rs 99,120 per 10 grams in Delhi’s bullion market amid easing global trade tensions and a decline in safe-haven demand, according to the All India Sarafa Association.The precious metal of 99.9% purity had settled at Rs 99,620 per…