The Reserve Bank of India has implemented fresh regulations that drastically reduce the maximum limit for dollar forward transactions by corporates from $100 million to just $5 million, imposing more stringent documentation requirements. To ease compliance, companies may consider classifying…
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E-commerce companies in India sold about Rs 24,000 crore in the first two days of festive sales. Mobile phones accounted for the largest share of sales, representing nearly 40 percent of total revenue. Fashion and electronics also saw significant growth,…
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The World Bank is in talks with numerous countries to address energy price increases stemming from the Middle East crisis. While the global economy remains resilient, developing nations face growing challenges from rising diesel and fertilizer prices. The Bank anticipates…
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Multiple FMCG companies are expressing interest in acquiring stakes in the healthy snacking brand Farmley. A group of early investors with a 31% stake is looking to sell their shares. Founders Akash Sharma and Abhishek Agarwal currently hold a 32%…
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Amazon is reportedly in talks to acquire artificial-intelligence startup Decart for about $7 billion. The acquisition would give Amazon significant access to technology for managing different AI chips effectively. Decart, founded in 2023, was valued at nearly $4 billion in…
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The Reserve Bank of India has implemented emergency measures to stabilize the rupee, which is facing strong global pressure. Analysts indicate that the rupee may continue to decline despite these efforts. The rupee’s drop is influenced by rising US bond…
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