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May 25, 2024 10:04 AM

India’s forex reserves jump third week to hit fresh lifetime high

India's foreign exchange reserves rose for the third straight week, by USD 4.549 billion to USD 648.700 billion in the week that ended on May 17, according to data shared by the Reserve Bank of India (RBI). In the process, they touched a fresh lifetime high. Preceding these three weeks, the forex k...

May 24, 2024 2:57 PM

OPEC+ to hold June 2 output policy meeting online

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online. The meeting was to have been in Vienna on June 1, but will now be held online a d...

May 24, 2024 2:42 PM

Google to manufacture Pixel Phones in Tamil Nadu, says CM MK Stalin

Tamil Nadu Chief Minister M.K. Stalin announced on Friday that Google will soon commence local production of its flagship Pixel smartphones in the state. The manufacturing facility will be set up near Chennai in collaboration with Foxconn, a leading contract electronics manufacturer. Addressing the...

May 24, 2024 10:52 AM

Nifty-Sensex continue to rally, election result uncertainty reducing rapidly

Indian indices Nifty and Sensex opened flat on Friday, near the record closing of the previous day. The Nifty Index opened at 22,930 points, very close to the 23,000 mark. The Sensex also sustained Thursday's rally and opened near 75,335, close to the 75,500 mark. "The net inflow number by FIIs on ...

May 23, 2024 7:34 PM

South Korea unveils $19 bln package to compete in global chip ‘warfare’

South Korea announced on Thursday (May 23) a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor market. Earlier in the day, South Korea's President Yo...

May 23, 2024 2:08 PM

“Reforms created robust financial system, every Indian can participate in stock market,” says PM Modi

Prime Minister Narendra Modi has asserted that the BJP is on track to form the government for a record third term and the victory of the party will also result in record numbers on the country's stock exchange market. "I can say with confidence that on June 4, as the BJP hits record numbers, the st...

May 23, 2024 12:03 PM

RBI approves dividend of Rs 2.11 lakh crore to government for FY24

The Reserve Bank of India (RBI) board approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors. Presided over by RBI Governor Shaktikanta Das, the boar...

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