The Reserve Bank of India has updated foreign exchange exposure rules for banks. These changes simplify calculations by merging onshore and offshore positions and allow inclusion of overseas earnings. Crucially, banks can now exclude certain long-term foreign currency investments, potentially…
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Public sector banks are developing new loan products up to ₹1 lakh for street vendors, aiming to help them build credit histories and transition to larger Mudra loans. This initiative bridges a gap in micro-credit, enabling vendors to scale their…
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India is aiming to become a global textile powerhouse, targeting $100 billion in exports by 2030. The strategy emphasizes sustainability, including recycling and environmental compliance, alongside leveraging free trade agreements. Key initiatives involve digital product passports, supporting MSMEs, and enhancing…
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Syrma SGS Technology aims for a five-fold revenue increase to over $2 billion in five years, driven by backward integration into PCB manufacturing with a Rs 1,700 crore investment and expansion into defence and healthcare. The company, already seeing strong…
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ITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted strong Indian economic fundamentals despite global uncertainties, with inflation and El Niño as key concerns. Puri emphasized sustained margin…
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Equitas Small Finance Bank on Wednesday announced the re-appointment of its Managing Director and Chief Executive Officer, Vasudevan P N, for another three-year term beginning July 23, 2026. The bank also announced key leadership changes, appointing a new Chief Financial…
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