Mumbai, Sept. 13: The country’s foreign exchange reserves fell $6.49 billion for the week ended September 5 to $288.81 billion from $295.30 billion in the previous week. This was because of a fall in foreign currency assets which slid to $279.62 billion compared with $286.11 billion in the previous week. The gold reserves and special drawing rights during the week remained static at $8.69 billion and $4 million, respectively.
Milan, Sept. 13: Mahindra & Mahindra Ltd has shown interest in Italian scooter maker Malaguti, a company official said. “I can only confirm Mahindra & Mahindra’s interest in Malaguti,” Angelantonio Molfetta, chief executive of the European branch of Mahindra & Mahindra, told Italian newspaper Il Giornale.
