Mumbai: The rupee regained 92 levels and closed at 92.93, 27 paise stronger then its previous close. The gains followed reports that the RBI has asked oil companies to not purchase dollars from the open market but to rely on a line of credit provided through SBI.Such a move would remove one of the major…
The Kentucky spirits company’s bid for Brown-Forman comes as the industry is being buffeted by a decline in alcohol consumption. Source link
The state liquor agency has been struggling to make timely deliveries to restaurants, bars and liquor stores since it got rid of outdated conveyor belts at a warehouse in January. Source link
The S&P 500’s rise on Friday caps a striking three-week streak, powered by investors’ optimism about the reopening of the Strait of Hormuz and strong corporate earnings. Source link
The artificial-intelligence-generated fake influencers have surged on TikTok, Instagram, Facebook and YouTube in an apparent bid to hook conservative voters. Source link
New Delhi: From Delta to Dell, Caterpillar, Ford and Jockey, American companies have opposed fresh tariff under Section 301, where the US Trade Representative has launched two investigations. They have argued that fresh duties will make it harder for them to compete and increase cost for consumers.There are others, such as Cheese Importers Association of…
Gaining a reputation as the brilliant, risk-taking “Indiana Jones” of his field, he encouraged investors to take chances on Asia, Africa, Latin America and Eastern Europe. Source link
Mumbai: Secondary deals are picking up pace as investors are looking at ways to exit their investments and get liquidity amid cooling of the IPO market on the back of war-driven volatility. “Globally, investment committees are postponing decisions, leading to funding delays. The secondaries market has picked up and we will see a lot more…
The Justice Department has not responded to the president’s suit, which has created a conflict of interest for the government’s lawyers. Source link
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27,…
