The Telegraph
Since 1st March, 1999
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Business Briefs

Forex reserves surge

Mumbai, Dec. 14: The country’s foreign exchange reserves surged ahead to a record high of $ 828 million to $ 67,753 million during the week ended December 6. The foreign currency assets also rose substantially by $ 803 million mainly due to export remittances, fresh inflows and revaluation of the euro vis-a-vis the dollar to $ 64,443 million, according to the Reserve Bank of India weekly statistical supplement. Foreign exchange reserves since April have grown by $ 2,368 million.

Trade centre

New Delhi, Dec. 14: In a bid to help small and medium enterprises (SMEs) improve their e-readiness, Geneva-based International Trade Centre today said it would partner with India Trade Promotion Organisation to launch its ‘e-Trade Bridge Programme for SMEs’ in India.

Textile exports

Mumbai, Dec. 14: The Centre has expressed confidence that indian textiles exports would touch $ 50 billion by the year 2010, making a mark in the global textile market, said Kashiram Rana, Union minister for textiles.

BoR pact

Jaipur, Dec. 14: Bank of Rajasthan (BoR) and Corporation Bank have decided to enter into an agreement for sharing of their ATMs. A memorandum of understanding to this effect would be signed here on December 17.

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