Forex reserves rise

Mumbai, March 15: India’s forex reserves swelled $2.22 billion to $303.60 billion for the week ended March 7. The reserves stood at $301.23 billion in the previous week. The reserves have appreciated by $100 billion in 11 months. Foreign currency assets increased $2.22 billion during the week to $293.47 billion against $291.25 billion a week ago. Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of currencies such as euro, sterling and yen held in reserves.

M&A cases

New Delhi, March 15: The Competition Commission of India (CCI) will clear most of the merger and acquisition cases within 30 days of receiving information from the companies. If the CCI does not send any notice to the merged entity for details, then by law it would be considered as merged.

Yahoo office

London, March 15: Yahoo has decided to move its headquarters from London to Geneva. Yahoo it is relocating to Switzerland to “increase its financial performance”.