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Business Briefs

Forex kitty at $ 64 bn

Mumbai, Oct. 26: India’s foreign exchange reserves rose to a record high and crossed $ 64 billion during the week ended October 18 following revaluation of the dollar vis-a-vis euro and fresh inflows. Foreign exchange reserves rose by $ 126 million during the previous week at $ 64,058 million, according to the weekly statistical supplement issued by the RBI. Foreign currency assets rose to $ 60,748 million, a jump of $ 126 million.

Sebi committee

New Delhi, Oct. 26: The Securities and Exchange Board of India (Sebi) has appointed a committee to draw up norms for a certification programme to improve the quality of intermediaries.

Mayar launch

Calcutta, Oct. 26: The biotech division of the $ 125-million Mayar group has launched a range of ayurvedic and herbal products under the Sivananda brand.

BBUNL move

Calcutta, Oct. 26: Bharat Bhari Udyog Nigam Limited (BBUNL) has signed a contract with Societe DEMBA et Fils of Bamako, Mali for supply of wagons worth $ 5.5 million.


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