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Since 1st March, 1999
 
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Business Briefs

Forex kitty

Mumbai, Nov. 10: The country’s foreign exchange reserves plunged $20.32 billion to $294.34 billion year-on-year in the week to November 2, reflecting the steep fall in the rupee and the market intervention by the apex bank during the period. On a weekly basis, the forex reserves fell $950.3 million to $294.34 billion for the week ended November 2, according to latest data by the Reserve Bank of India.

Wheat sale

New Delhi, Nov. 10: The government will sell 6.5 million tonnes of wheat to bulk consumers such as flour millers and biscuit makers to check rising prices of wheat products and to offload surplus stocks. It has also approved allocation of additional 5 lakh tonnes each of wheat and rice to Nafed, NCCF and Kendriya Bhandar for sale to retail consumers.

Pantaloon

Mumbai, Nov. 10: Pantaloon Retail and Future Ventures India will demerge their fashion businesses into a new listed unit that will simplify the businesses into three main segments, the two companies said on Friday.


 
 
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