News for 'Foreign exchange'

Modi, Canada's Trudeau hold 'brief exchange' in Laos

Modi, Canada's Trudeau hold 'brief exchange' in Laos

Rediff.com11 Oct 2024

The Canadian Broadcasting Corporation (CBC News) on Friday said Trudeau described the meeting as a "brief exchange" when the two leaders met during the Association of Southeast Asian Nations (ASEAN) Summit in Vientiane, Laos held on Thursday.

Stock markets end lower amid Israel-Iran conflict, rising crude oil prices

Stock markets end lower amid Israel-Iran conflict, rising crude oil prices

Rediff.com17 Jun 2025

From the Sensex pack, Sun Pharma, Eternal, Tata Motors, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the major laggards. In contrast, Tech Mahindra, Infosys, Asian Paints and Maruti were among the gainers.

Why NRIs are holding back on market bets

Why NRIs are holding back on market bets

Rediff.com23 Jul 2025

Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.

Modi attends Independence Day celebrations in Maldives

Modi attends Independence Day celebrations in Maldives

Rediff.com26 Jul 2025

Prime Minister Narendra Modi on Saturday graced the 60th Independence Day celebrations of the Maldives as the guest of honour, signalling a renewed warmth in bilateral ties after a spell of unease.

This Is India's Oldest Surviving Tiranga

This Is India's Oldest Surviving Tiranga

Rediff.com30 Jul 2025

The first national flag in Independent India was hoisted at Fort St George in Madras, not at Delhi's Red Fort.

Cross-border share swaps eased by govt

Cross-border share swaps eased by govt

Rediff.com19 Aug 2024

The Union Finance Ministry on Friday announced key amendments to foreign exchange (forex) regulations, including mandating government approvals for all investments originating from countries that share land borders with India. The latest amendments also seek to simplify cross-border share swaps and streamline key definitions, such as "control". The updated regulations have aligned the treatment of downstream investments made by overseas citizen of India (OCI)-owned entities with those owned by non-resident Indians (NRIs) on a non-repatriation basis.

Border row with India will take time to settle, open to talks: China

Border row with India will take time to settle, open to talks: China

Rediff.com30 Jun 2025

Defence Minister Rajnath Singh, in his meeting with Chinese counterpart Dong Jun in Qingdao on June 26, proposed that India and China should solve the "complex issues" under a structured roadmap comprising steps to de-escalate tensions along the frontiers and rejuvenate the existing mechanism to demarcate the borders.

Sensex tanks 690 points on selling in IT, auto stocks

Sensex tanks 690 points on selling in IT, auto stocks

Rediff.com11 Jul 2025

Key benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks. Tariff-related uncertainties amid mixed global market trends also added to the pressure, analysts said. The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47.

'You are just a kid': Nitish-Tejashwi spat in assembly over Bihar SIR

'You are just a kid': Nitish-Tejashwi spat in assembly over Bihar SIR

Rediff.com23 Jul 2025

The Bihar Assembly session was adjourned after a heated exchange between Chief Minister Nitish Kumar and leader of the opposition Tejashwi Yadav regarding the special intensive revision of electoral rolls. The situation escalated quickly, leading to unparliamentary language and a shouting match between members of the ruling and opposition parties.

Forex reserves jump $1.51 bn to $658.09 bn

Forex reserves jump $1.51 bn to $658.09 bn

Rediff.com6 Dec 2024

India's forex reserves increased by $1.51 billion to $658.09 billion for the week ended November 29, the RBI said on Friday. The overall reserves had dropped by $1.31 billion to $656.58 billion in the previous reporting week.

CBI repatriation rate doubles, brings back 134 over 5 years

CBI repatriation rate doubles, brings back 134 over 5 years

Rediff.com17 Jul 2025

The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.

Sensex, Nifty rebound nearly 1% on value buying

Sensex, Nifty rebound nearly 1% on value buying

Rediff.com16 Jun 2025

Among 30 Sensex firms, UltraTech Cement, Tech Mahindra, HCL Tech, Tata Consultancy Services, Eternal, Asian Paints, Tata Steel and Kotak Mahindra Bank were among the biggest gainers. Tata Motors, Adani Ports and Sun Pharma were the laggards.

Sensex, Nifty tumble 1% on weak global trends

Sensex, Nifty tumble 1% on weak global trends

Rediff.com12 Jun 2025

From the Sensex firms, Tata Motors, Titan, Eternal, Power Grid, Tata Steel, Larsen & Toubro, Mahindra & Mahindra and Hindustan Unilever were among the biggest laggards. Bajaj Finserv, Asian Paints and Tech Mahindra were the gainers.

Sensex down 319 points amid foreign fund outflows

Sensex down 319 points amid foreign fund outflows

Rediff.com16 Oct 2024

From the 30 Sensex firms, Mahindra & Mahindra, Infosys, Kotak Mahindra Bank, JSW Steel, Adani Ports, Tata Motors, Adani Ports, ITC and Titan were the major laggards. HDFC Bank, Bharti Airtel, Reliance Industries, Asian Paints and State Bank of India were the gainers.

Iranian missile hits largest hospital in southern Israel

Iranian missile hits largest hospital in southern Israel

Rediff.com19 Jun 2025

Amid the ongoing conflict with Iran, Israel's foreign ministry said on Thursday that Soroka Hospital in Beersheba in the southern part of Israel has suffered a direct hit in a missile attack.

IndiGo posts highest Q4 profit of Rs 3,068 cr on strong air travel demand

IndiGo posts highest Q4 profit of Rs 3,068 cr on strong air travel demand

Rediff.com21 May 2025

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Wednesday posted its highest ever fourth-quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. The company's profit after tax in the three months ended March 2025 jumped 62 per cent from Rs 1,894.8 crore in the year-ago period.

Bank stocks drive Sensex up 256 points

Bank stocks drive Sensex up 256 points

Rediff.com9 Jun 2025

Among Sensex stocks, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti, Bajaj Finserv and NTPC were the biggest gainers. However, Eternal, ICICI Bank, Titan, Mahindra & Mahindra, Adani Ports, Tata Steel and Bharti Airtel were among the laggards.

Sensex, Nifty end lower on mounting geopolitical tensions

Sensex, Nifty end lower on mounting geopolitical tensions

Rediff.com19 Jun 2025

From the Sensex firms, Adani Ports, Bajaj Finance, Tech Mahindra, IndusInd Bank, Nestle and Tata Steel were among the major laggards. In contrast, Mahindra & Mahindra, Titan, Larsen & Toubro, Bharti Airtel and Maruti were among the gainers.

Pakistan's Economy On Tenterhooks

Pakistan's Economy On Tenterhooks

Rediff.com20 May 2025

With general government debt now approaching three-quarters of GDP, and only incremental reform efforts visible, Pakistan risks prolonging its economic stagnation unless fundamental governance, regulatory, and industrial overhauls are undertaken.

A Showdown That Could Reshape India's Derivatives Market

A Showdown That Could Reshape India's Derivatives Market

Rediff.com20 Jul 2025

The Jane Street-Sebi saga is more than a legal dispute -- it's a litmus test for India's ambitions as a global financial hub.

Sensex rises 317 pts on gains in auto, pharma shares

Sensex rises 317 pts on gains in auto, pharma shares

Rediff.com15 Jul 2025

Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80.

Iran-Israel war: Stock markets tumble; Sensex sheds 511 points

Iran-Israel war: Stock markets tumble; Sensex sheds 511 points

Rediff.com23 Jun 2025

Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday amid heightened tensions in the Middle East after the US bombed three major nuclear sites in Iran. The 30-share BSE Sensex tumbled 705.65 points to 81,702.52 in early trade. The 50-share NSE Nifty dropped 182.85 points to 24,929.55.

Iran, Israel tension pulls Sensex down by 139 points:; NSE also ends in red

Iran, Israel tension pulls Sensex down by 139 points:; NSE also ends in red

Rediff.com18 Jun 2025

Among Sensex firms, Tata Consultancy Services, Adani Ports, Hindustan Unilever, Nestle, Bajaj Finserv and NTPC were the laggards. IndusInd Bank, Titan, Mahindra & Mahindra and Maruti were among the biggest gainers.

Rupee set to hold ground against greenback till Dec

Rupee set to hold ground against greenback till Dec

Rediff.com19 Oct 2024

After depreciating 0.32 per cent against the dollar in October so far, the rupee is expected to hold ground against the greenback in the current quarter on the back of robust inflows. According to the median of a Business Standard poll of 10 respondents, the rupee is seen trading around 84 per dollar till the end of December. "In India's case, at least the bond and cash related inflows will continue.

Forex reserves drop $1.31 bn to $656.5 bn

Forex reserves drop $1.31 bn to $656.5 bn

Rediff.com29 Nov 2024

India's forex reserves dropped $1.31 billion to $656.58 billion for the week ended November 22, the Reserve Bank of India (RBI) said. The kitty had dropped a record $17.76 billion to $657.89 billion in the previous reporting week ending November 15.

Forex kitty drops by $2.67 bn to $682.13 bn

Forex kitty drops by $2.67 bn to $682.13 bn

Rediff.com8 Nov 2024

India's forex reserves declined by $2.67 billion to $682.13 billion for the week ended November 1, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by $3.46 billion to $684.805 billion.

Factors that will drive the markets this week

Factors that will drive the markets this week

Rediff.com8 Jun 2025

Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted.

Savings on stamp duty draw HFTs to GIFT City

Savings on stamp duty draw HFTs to GIFT City

Rediff.com12 Jun 2025

Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.

Rs steady against $ in CY24, weakens vs euro, pound

Rs steady against $ in CY24, weakens vs euro, pound

Rediff.com30 Sep 2024

The rupee has remained largely stable against the US greenback in the current calendar year (CY 2024), depreciating by just 0.59 per cent so far. However, it has considerably weakened against the euro and pound. The local currency has depreciated by 1.6 per cent against the euro and 5.6 per cent against the pound, as both currencies strengthened against the dollar during this period.

Sensex pares gains; ends up 150 points

Sensex pares gains; ends up 150 points

Rediff.com24 Jun 2025

From the Sensex constituents, Adani Ports, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finserv and Titan were among the biggest gainers. In contrast, Power Grid, Trent, NTPC, Maruti, HCL Tech and Bharat Electronics were among the laggards.

Forex kitty drops by $6.48 bn to $675.65 bn

Forex kitty drops by $6.48 bn to $675.65 bn

Rediff.com15 Nov 2024

India's forex reserves dropped by $6.46 billion to $675.65 billion for the week ended November 8, the RBI said on Friday. In the previous reporting week, the forex reserves had dropped by $2.67 billion to $682.13 billion.

Jaishankar speaks to Taliban minister, welcomes condemnation of Pahalgam attack

Jaishankar speaks to Taliban minister, welcomes condemnation of Pahalgam attack

Rediff.com16 May 2025

India on Thursday welcomed Kabul's firm rejection of attempts to create distrust between India and Afghanistan during a phone conversation between External Affairs Minister S Jaishankar and acting Afghan Foreign Minister Amir Khan Muttaqi.

RBI starts cutting short dollar book after 7 months

RBI starts cutting short dollar book after 7 months

Rediff.com6 May 2025

The Reserve Bank of India (RBI) has started winding down its short position in the dollar forward book, after a gap of seven months, on the back of a softening dollar, while infusing funds via open market operations (OMOs) to counter the resulting liquidity drain.

Sensex drops 138 points on foreign fund outflow

Sensex drops 138 points on foreign fund outflow

Rediff.com23 Oct 2024

Sensex drops 138 points on foreign fund outflow

IPO Pipeline Swells with 118 DRHPs

IPO Pipeline Swells with 118 DRHPs

Rediff.com11 Jul 2025

Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.

Forex reserves plunge $17.76 bn to $657.89 bn

Forex reserves plunge $17.76 bn to $657.89 bn

Rediff.com22 Nov 2024

India's forex reserves dropped by $17.76 billion to $657.89 billion for the week ended November 15, the RBI said on Friday. In the previous reporting week ended November 8, the overall reserves dropped by $6.48 billion to $675.65 billion.

The Future Belongs To Thinkers And Communicators

The Future Belongs To Thinkers And Communicators

Rediff.com29 Jul 2025

'For 40 years, India valued only technical skills. IITs, coding -- that became everything.' 'Soft skills were sidelined. But those are the skills that will keep you employable now, not technical skills.'

Sensex drops 345 points on weakness in IT stocks

Sensex drops 345 points on weakness in IT stocks

Rediff.com10 Jul 2025

From the Sensex pack, Bharti Airtel, Asian Paints, Infosys, Bharat Electronics, Tech Mahindra and Eternal were major laggards. However, Maruti, Tata Steel, Bajaj Finance, Bajaj Finserv, Trent and Tata Consultancy Services were among the gainers.

US, Arab world step in to defuse India-Pak tensions

US, Arab world step in to defuse India-Pak tensions

Rediff.com1 May 2025

United States Charge d'Affaires Natalie Baker on Wednesday met Deputy Prime Minister and Foreign Minister Ishaq Dar as part of efforts to de-escalate tensions with India following the Pahalgam terror attack on April 22 in which 26 people were killed.