Forex kitty

Mumbai, Jan. 5: India’s foreign exchange reserves increased by $2.83 billion for the week ended December 28 to $275.56 billion. The reserves had dipped by $232 million a week ago. Foreign currency assets increased by $2.83 billion to $266.76 billion against $263.93 billion a week ago, the Reserve Bank data said. Foreign currency assets expressed in dollar terms included the effect of appreciation or depreciation of other currencies such as the euro, pound and yen held in reserves.

Jet flight

New Delhi, Jan. 5: Jet Airways today became India’s first private airline to begin its services to the Gulf with the launch of its direct daily flight to Kuwait and Bahrain.

Hotel chain

Chandigarh, Jan. 5: New York-based Hampshire Hotels and Resorts has proposed to invest Rs 5,000 crore to build hotels across India over four years.