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The company, in a regulatory filing on April 1, said that it has secured a land parcel in Sector 92, Gurugram. "The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel," it said. "Strategically located in Sector 92, Gurugram, with close proximity to the Dwarka Expressway, the project is well-positioned to benefit from the area's improving infrastructure, enhanced connectivity to key business districts, and growing residential demand. The development is env ...Read More >
Indians are bracing for summer, with temperatures expected to cross 45C in some parts of the country. But the war with Iran is already putting India's $6bn bottled water industry under strain as manufacturers struggle to access crucial raw materials. Last month, market leader Bisleri increased prices by 11%, making a box of 12 one-litre bottles costlier by 24 rupees ($0.26; £0.20). Brands like Bailley and Clear Premium Water have also increased their prices, Reuters news agency reported. Accor ...Read More >
Indian brides are turning to low-cost weight-loss injections ahead of their weddings. Freepik ShowQuick Read Summary is AI-generated, newsroom-reviewed * Soon-to-be Indian brides and grooms increasingly seek weight-loss drugs before weddings * Mounjaro is preferred over Wegovy and prescribed only for medically eligible patients * Regulators warn against misuse amid cheaper local weight-loss drug versions flooding market Did our AI summary help? Let us know. Switch To Beeps Mode Soon-to ...Read More >
MUMBAI: India's foreign exchange reserves fell sharply by $10.3 billion in the week ended March 27, 2026, taking the total to $688.1 billion, driven largely by a decline in foreign currency assets and gold holdings amid currency market intervention by RBI.The fall was led by foreign currency assets, which dropped by $6.6 billion. These assets, the largest component of reserves, reflect valuation changes in non-dollar currencies such as the euro, pound, and yen, and include the impact of RBI's in ...Read More >
Mumbai: Heightened uncertainty transmitting from the West Asia crisis into India's growth and inflation outlook may compel the Monetary Policy Committee (MPC) of the Reserve Bank of India to hold the benchmark repo rate to 5.25 per cent next week and maintain a neutral stance. The three day policy meeting of the MPC (RBI's rate setting panel) will begin on April 6. Experts also do not expect the central bank to announce any measures for either liquidity or currency management as the central bank ...Read More >
Samajwadi Party (SP) chief Akhilesh Yadav on Monday exhorted his party cadre to work at the booth level with their full strength to ensure the party's victory in the 2027 UP assembly polls, saying, "it is an election to save the Constitution." Yadav further said his party's objective was to win the 2027 polls and better SP's 2024 Lok Sabha polls performance. Addressing workers from various districts at the SP's state headquarters in Lucknow, he said: "It (2027 UP polls) is an election to safegu ...Read More >
Mumbai: A recent report by HSBC has warned that if crude oil prices remain above USD 100 per barrel, India's inflation could rise beyond 6 percent. This level is the upper limit of the Reserve Bank of India's (RBI) comfort range. According to HSBC economists, if oil prices stay below USD 100 on average, inflation may remain under control. However, if prices stay higher for a longer period, inflation pressure will increase sharply. Risk of Interest Rate Hikes If inflation crosses 6 percent, th ...Read More >
Mumbai, Apr 3 (PTI) India's forex reserves dropped by USD 10.288 billion to USD 688.058 billion during the week ended March 27, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined by USD 11.413 billion to USD 698.346 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year, before the onset of the West Asia conflict. The rupee has come under pressure since the start of t ...Read More >
New Delhi, March 31: India's foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday. The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable. The research firm ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do w ...Read More >
New Delhi: Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do whenever required as we ha ...Read More >
HYDERABAD: Soon-to-be brides and grooms seeking shortcuts to shed pounds before the big day have become the latest consumer target for weight-loss drugs in India. New Delhi wellness clinic Klarity Skin Clinic touts a "Mounjaro bride" package, while other clinics have woven weight-loss injections into "pre-wedding" transformation packages typically focused on skin treatments and hairstyle makeovers. In a social media video, Klarity offers "guided nutrition, Mounjaro and smart workouts" to prepa ...Read More >
HYDERABAD: Soon-to-be brides and grooms seeking shortcuts to shed pounds before the big day have become the latest consumer target for weight-loss drugs in India. New Delhi wellness clinic Klarity Skin Clinic touts a "Mounjaro bride" package, while other clinics have woven weight-loss injections into "pre-wedding" transformation packages typically focused on skin treatments and hairstyle makeovers. Also Read: Weight-loss drug boom: Will cheaper Ozempic generics shake up India's fitness and nut ...Read More >
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An A.H. Wheeler Bookstore at Sawai Madhopur railway station, Rajasthan. Image Courtesy/ Wikipedia In 1888, a young British journalist in Allahabad was short of money and needed to get back to England. He walked into a bookstall on the railway platform and struck a deal with a Frenchman. The result was the Indian Railway Library -- six grey-green paperbacks, each priced at one rupee, with covers illustrated by Kipling's own father, John Lockwood Kipling.They included Soldiers Three, The Phantom ...Read More >
NEW DELHI: The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida. A bench comprising Justices Sanjay Karol and N K Singh directed Bhasin to surrender before the jail authorities within a week. "The petitioner has not complied with the conditions of bail imposed upon him vide order dated November 6, 2019. Resultantly, the bail granted to the petitioner is cancelled. The ...Read More >
New Delhi [India], April 3 (ANI): Vandana Bharti, AVP and Head of Commodity Research at SMC Global Securities, highlighted that the West Asian war is causing a significant disruption in global crude oil supplies, with 10 million barrels of oil missing from the market daily. Speaking with ANI on Thursday, she also shed light on the volatile shift in the global energy market. After a brief period of optimism earlier this week, the outlook for a ceasefire in the West Asian conflict has dimmed, rep ...Read More >
MUMBAI: The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1 from Tuesday's 94.83, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.However, with a fresh round of US bombing in Iran post market hours, which resulted in global oil prices surging further, dealers are wary of a fresh wave of volatility when forex markets open next week.Thursday's rebound followed a series of regulatory steps aimed at squeezing sh ...Read More >
Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank ...Read More >
New Delhi: The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with an alleged multi-crore rupee Grand Venice Mall scam in Greater Noida and directed him to surrender before the jail authorities within a week. The order was passed by a bench comprising Justices Sanjay Karol and NK Singh. The bench cancelled Bhasin's bail because he failed to settle the claims of the flat allottees, and also for siphoning off Rs 50 crore from the funds of B ...Read More >
New Delhi, Apr 2 (PTI) Margin pressure for Indian banks could increase, as the Reserve Bank of India's (RBI) flexibility to inject local-currency liquidity into the banking system has narrowed amid efforts to contain rupee volatility, a report said on Thursday. However, banks' direct foreign-currency risks remain limited, Fitch Ratings said in a report. "Sector margins could decline by 20-30 bps below our current 3.1 per cent forecast for the financial year ending March 31, 2027 (FY27) if high ...Read More >
New Delhi: The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation. The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets. "The move was largely driven by improved risk sentiment following US President Donald Trump's speech, which hinted at negotiations rather than escalation, triggering a relief rally. However, unc ...Read More >
Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At ...Read More >
MUMBAI: Siddhivinayak temple, Prabhadevi, has declared record revenue of Rs 182 crore for FY 2025-26. This amount is a 35% increase over Rs 133 crore earned during the previous financial year 2024-25. The trust had been expecting to amass Rs 155 crore, so the additional bounty is a godsend. Treasurer Acharya Pawan Kumar Tripathi said, "The number of followers has grown as have the offerings. People have faith that every rupee donated to Siddhivinayak will be used for social welfare."However the ...Read More >
Kerala Sports Minister V Abdurahiman alleges Argentinas football team took 250 crore rupees but skipped a promised match, calls it cheating and hints at legal action. Kerala Sports Minister V Abdurahiman on Thursday alleged that the Argentina football team deceived the state by failing to come and play a match despite receiving money for it. Abdurahiman said he had been very keen for the Argentina football team and Lionel Messi to visit Kerala and play a match in the state. Did Not Expect Bet ...Read More >
Summary India's central bank is scrutinizing corporate treasury positions amid rupee pressure from capital outflows and rising crude prices. The Reserve Bank of India aims to assess arbitrage exposure rather than immediate regulation, following new rules on banks' open positions in the forex market. With the rupee under pressure from capital outflows and higher crude prices, India's central bank is expanding its scrutiny beyond banks to corporate treasury positions in the foreign exchange mark ...Read More >
MUMBAI, April 2 (Reuters) - Indian banks are set to face heightened uncertainty on Thursday after the central bank's curbs on corporate activity made it costlier for lenders to cut arbitrage positions, potentially saddling them with larger losses. Late on Wednesday, the Reserve Bank of India barred banks from offering rupee non-deliverable forwards to resident and non-resident clients. The move was aimed primarily at halting a surge in corporate-driven arbitrage activity seen on Monday, four b ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee rose sharply in early trading on Thursday as the Reserve Bank of India's latest measures to curb rupee speculation left traders anticipating a glut of onshore dollar sales spurred by the unwinding of positions. The rupee rose to 93.53 against the U.S. dollar in early trades, up 1.4% from its closing level on Monday. The central bank has stepped up measures to curb arbitrage flows and speculative bets that have been pressuring the currency, while i ...Read More >
Mumbai: The Reserve Bank of India (RBI) late Wednesday tightened its foreign exchange regulations prohibiting banks from offering non-deliverable forward (NDF) contracts to clients, reinforcing measures taken late last week to support the rupee that last fiscal lost the most in 14 years against the US dollar. The new rules could dent banks and large corporate treasuries, experts said. The regulator said banks cannot offer NDF contracts involving the rupee, which lost nearly 10% in FY26, to resi ...Read More >
Berhampur: Gajapati police on Wednesday seized around 1.83 tonnes of ganja worth around Rs 2 crore from Buripadara village under R. Udayagiri police station limits. The contraband was seized from different places in the village and was suspected to have been stored to be transported illegally to some other areas, said in-charge SP (Gajapati) Saravana Vivek M.No arrest has been made. "The accused persons fled into the nearby forest after seeing police vehicles," said sub-divisional police officer ...Read More >
April 1 (Reuters) - The Reserve Bank of India on Wednesday barred authorized dealers from offering rupee non-deliverable forwards to resident and non-resident clients, further tightening foreign exchange rules as the South Asian currency faces persistent pressure. The central bank said that while lenders could offer deliverable foreign exchange derivative contracts to users to meet their hedging requirements, they need to ensure the clients have not taken an offsetting position in the non-deliv ...Read More >
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