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MUMBAI: Reserve Bank of India turned a net buyer of dollars in Jan, with net purchases of $2.5 billion, marking a sharp reversal from its heavy intervention as a seller in the previous month, according to the RBI Bulletin March 2026.Gross dollar sales declined to $25.5 billion in Jan from $28.4 billion in Dec, while…

NEW DELHI: To boost IAF’s strength, India is set to conclude several big contracts in the financial year 2026-27, including deals for buying 114 Rafale fighter jets, up to 60 medium transport aircraft (MTA) and additional airborne early warning and control (AEW&C) systems, the defence ministry has told a parliamentary panel.“There is an increase of…

NEW DELHI: Finance and corporate affairs minister Nirmala Sitharaman on Monday introduced fresh amendments to the Companies Act, which seeks to decriminalise several procedural defaults, provide flexibility in buyback of shares and recognise new instruments for executive compensation.The bill, which has been referred to a joint Parliamentary committee for examination, provides for allowing restricted stock…

NEW DELHI: Prime Minister Narendra Modi on Monday said that his govt is dealing with the crisis thrown up by the war in West Asia by using India’s interests as the guiding consideration. ” We are with India, with India’s interests, with peace and with dialogue,” said the PM. The remarks at a function organised…

MUMBAI: Tuhin Kanta Pandey, chairman, Sebi on Monday said that independent directors are expected to act responsibly, not make insinuations and keep things vague. The chief markets regulator’s comments came in the context of the recent resignation of Atanu Chakraborty as non-executive chairman of HDFC Bank, the largest private sector lender in the country.The markets…

NEW DELHI: Govt is looking to introduce at least two bills – including constitutional amendments – in the current session of Parliament to roll out reservation for women of one-third seats in the next Lok Sabha poll and assembly elections to be held after it. The move promises to change the country’s political landscape and…

MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the…

NEW DELHI: Two Indian-flagged LPG tankers, carrying around 92,600 tonne of cooking gas, crossed the war-hit Strait of Hormuz on Monday evening. The ships – Jag Vasant and Pine Gas – are likely to reach ports between Thursday and Saturday, the shipping ministry said.With this, four Indian-flagged vessels have sailed through the conflict-hit choke point…

MUMBAI: The rupee closed at a record 93.98/$ on Monday, down 35 paise from its previous close of 92.63. In the process, it breached its prior low of 93.73 and briefly slipped past 94 after market hours. Sensing the impact of the West Asia conflict on the Indian economy through inflation, growth and current account…

NE DELHI: Reflecting on the sharp increase in cybercrime against women and children over the years, a parliamentary committee has recommended that the govt should initiate structured and time-bound examination for formulation of a “comprehensive and gender-sensitive cybercrime legislation”.In its report on “Cyber Crimes and Cyber safety of Women” presented in Parliament on Monday, the…