Indian banks and companies are asking the Reserve Bank of India for help with offshore debt. High costs to protect against currency changes make borrowing abroad more expensive than at home. This is slowing down foreign fundraising. A new support…
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The Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be undervalued. The central bank has tools and reserves to manage volatility. Inflation remains the primary focus for…
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Addressing the Wealth and Capital Market Summit organised by the Indian Chamber of Commerce, Singh said SEBI would soon float a consultation paper on the proposed reforms.
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The Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated at a flat valuation of $1.8 billion and could be Udaan’s last private capital raise before it…
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In the vibrant world of play, Indian board games and toys are experiencing a renaissance. Consumers are leaning towards locally inspired options, moving away from homogenized global toys. A new wave of entrepreneurs is tapping into India’s rich tapestry of…
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The Institute of Chartered Accountants of India (ICAI) is establishing an advanced forensic auditing lab in Hyderabad on a ‘pay and use’ model to empower small and medium practitioners. This initiative aims to equip smaller firms with forensic audit capabilities,…
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