The Supreme Court on Friday agreed to examine a public interest litigation (PIL) seeking a court-monitored investigation by the Enforcement Directorate (ED), the Serious Fraud Investigation Office (SFIO) and the Reserve Bank of India (RBI) into an alleged banking fraud…
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The Indian rupee’s recent gains face limitations. The Reserve Bank of India is unwinding a large forward book. Banks are also hedging foreign currency deposits. These actions will absorb dollar inflows. This will restrict further rupee appreciation. India’s foreign exchange…
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External commercial borrowing (ECB) inflows are expected to recover in FY27, supported by RBI measures to attract foreign capital, according to a Bank of Baroda (BoB) report.
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Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Friday outlined five major value creation pathways for the Group to create a diversified growth architecture spanning energy, materials, digital infrastructure, artificial intelligence, consumer businesses, and global exports.
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The number of high-net-worth families (with wealth over $30 million) in India is set to increase from 16,000 in 2025 to about 26,000 by 2030, said the report. India’s intergenerational wealth transfer, it said, may go up to $1.3-1.5 trillion…
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The Directorate of Enforcement (ED), Bengaluru Zonal Office, has conducted searches at six premises in Bengaluru in connection with alleged large-scale violations of the Foreign Exchange Management Act (FEMA), 1999, involving unauthorised cross-border money transfers through Virtual Digital Assets (VDAs),…
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