Page 706 - Reuters%20/t%20_blank%20

Foreign exchange reserves at $578.45 bn, snaps 2-week rise, shows RBI data

A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe

"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference

Bank of Japan's Haruhiko Kuroda bows out after decade of shock and awe

"Japan's 15 years of deflation has created a strong perception among the public that prices and wages won't rise," Kuroda, 78, told a news conference

US job growth strong in March; unemployment rate falls to 3.5% from 3.6%

Some of the slowdown in hiring reflected the fading boost from unseasonably mild weather in January and February

World food prices fall for 12th month running in Mar following Ukraine war

Vegetable oils fell 3.0%, some 47.7% down on the level the index hit in March 2022, while the dairy index was down 0.8%

Airbus deliveries down 11% to 127 jets in Q1, supply chain issues to blame

Airbus last year clawed back two deliveries to reflect Western sanctions on Russia

Tesla slashes prices of its electric vehicles in US to spur demand

Tesla doubling down on a discount drive against the backdrop of a weakening economy

Indian government forms panel to review pension system, says FinMin

The Indian government has formed a panel to review the country's pension system and discuss whether changes are warranted, the finance ministry said on Thursday

Adani Wilmar's overall oil sales volume drop in Q4 on weaker demand

The company saw smoother supplies of imported edible oils during the quarter with prices cooling off, resulting in higher consumer demand, especially among the rural population

Inflation seen easing in March to 5.80% on softening food price rises

Forecasts ranged from 5.40% to 6.40%, with a quarter of survey respondents predicting inflation above 6.00%. It was 6.52% in January and spent most of last year above 6.00%

Govt plans panel to help resolve state-owned firms' land disputes

Land is a state subject in India, with both the Parliament and state assemblies able to write laws around certain land rights

RBI proposes expanding UPI digital payments system to allow credit

UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details

India startups call for antitrust probe of Google in-app billing fee

Google, which counts India as a key growth market, faces other regulatory challenges, including a recent setback that forced it to change how it markets its Android system

Buildup to ODI World Cup clouded by India-Pakistan relations: Report

Delay is in stark contrast to the 2019 event when dates and venues for the tournament in England and Wales were announced more than a year out in keeping with usual practice for major sporting events

Dollar plunges close to two-month low ahead of pivotal US jobs data

For markets, this could make for a highly volatile session

RBI may pause on rate hikes at next meet also: ICICI official Prasanna

The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent

Rupee falls below 82 against US dollar after RBI hits pause on rate hikes

The rupee declined to an intraday low of at 82.06 per U.S. dollar versus 81.88 before the RBI policy announcement

RBI expansion of NDF access to help manage rupee volatility: Analysts

They were earlier permitted to transact in rupee NDF forex derivatives contracts with non-residents and with other eligible banks

Western curbs on Russian oil products redraw global shipping map: Analysis

The redrawing of the shipping map underscores the knock-on effects of Western efforts to punish Russia over its invasion of Ukraine last year, adding to fuel supply insecurity and pushing up prices

Delivery firm Dunzo secures $75 mn funding, lays off 30% of staff: Report

According to the report, under the new business model, Dunzo will cut about 50% of its dark stores and run only those that can be profitable or are nearing that threshold