Foreign Exchange
Business  /  Published 30.05.22

Forex frisson

The rupee is on the slide. In May the exchange rates are nudging 78 rupees to the American dollar. Some estimates suggest it may fall a little more this year. This is happening on the back of spiking...
By Adhil Shetty

Business  /  Published 20.05.22

Rupee dips to 77.65

Sliding for the second straight session, the rupee dipped 3 paise to close at a fresh lifetime low of 77.65 against the dollar on Thursday, weighed down by a negative trend in domestic equities and un...
By PTI in Mumbai

Business  /  Published 07.05.22

Curbs on FDI from neighbours

The government has amended rules governing companies with respect to prior approval being mandatory for investments by entities and individuals from countries that share a land border with India. The...
By PTI in New Delhi

Business  /  Published 06.05.22

HC breather for Xiaomi India

The High Court of Karnataka has given a breather to Xiaomi Technology India Private Limited by staying the April 29 order of the Enforcement Directorate (ED) by which Rs 5551.27 crore of the company w...
By Our Bureau, PTI in Bengaluru

India  /  Published 30.04.22

ED raids Xiaomi India, seizes Rs 5,551cr deposits

The Enforcement Directorate Saturday "seized" over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law, officials said. In...
By Our Bureau, PTI in New Delhi


India  /  Published 28.04.22

Aakar: Court order challenged

The CBI on Wednesday petitioned Delhi High Court challenging a special court order that quashed a lookout circular against Amnesty International India chairperson Aakar Patel in connection with allege...
By Our Special Correspondent in New Delhi

World  /  Published 11.04.22

Nepal bans import of luxury items

Nepal’s central bank has announced a ban on the import of vehicles and other luxury items, citing liquidity crunch and declining foreign exchange reserves, despite government assurances that the...
By PTI in Kathmandu

Business  /  Published 11.02.22

Credit swap rules in place

The Reserve Bank of India (RBI) on Thursday announced revised guidelines for credit default swaps (CDS). CDS is a contract in which a counterparty (seller) commits to compensate the other counterpart...
By Our Special Correspondent in Mumbai

Business  /  Published 24.12.21

Amazon bid to stop ED probe

The Delhi high court will hear in January a petition filed by Inc against the enforcement directorate (ED) which had sought details of its transaction with the Future group in 2019. The pet...
By Our Bureau in Mumbai

Business  /  Published 28.11.21

ED calls for Amazon, Future Group officials

The Enforcement Directorate (ED) has summoned senior executives of Amazon India, including its country head Amit Agarwal, and that of the Future group for questioning in a foreign exchange violation p...
By Our Bureau, PTI in New Delhi


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