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FOREIGN EXCHANGE REGULATIONS INDIA
India's forex reserves rise $938 million to $682 billion despite RBI's $5 billion swapIndia's foreign exchange reserves saw a slight increase of $938 million, reaching $682 billion by May 29. This rise occurred despite a sign...
Bring back export earnings soonerThe Reserve Bank of India has shortened the time for exporters to bring back foreign earnings. This period is now nine months, down from fi...
An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unitIndian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary fi...
Strong backing, but light touch: What is the RBI's rupee playbook?The Reserve Bank of India will let the rupee's value be set by the market. It will only step in if trading becomes too unstable. Simultaneo...
RBI courts overseas investors as oil prices and capital outflows weigh on rupeeThe Reserve Bank of India has introduced new measures to draw foreign investment. These steps aim to boost the country's finances and suppo...
FX reserves inch up from over one-year low to $682.3 billionIn the week prior, India's FX reserves had dropped to a more than one-year low of $681.4 billion.
ICICI Bank shares in focus after lender receives Sebi’s warning letter. Here's whyICICI Bank shares are under scrutiny after Sebi issued a warning for a custodian violation related to FPI fund repatriation. Despite this, ...
Stocks in news: Tata Steel, ICICI Bank, Tata Motors, Vedanta, Maruti SuzukiIndian markets traded cautiously on Thursday's weekly expiry, with analysts observing a continued tussle for direction in the Nifty. Key co...
FEMA case against Myntra closed following compounding: EDMyntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no o...
RBI clears Myntra's FEMA violations after penalty payment; ED closes investigationThe Reserve Bank of India has closed an Enforcement Directorate investigation into Myntra Designs Private Limited. This action follows the ...
Tokenisation could be the next big upgrade to India's market plumbingTokenisation represents financial assets as digital tokens on programmable blockchains, simplifying ownership and settlement. India's finan...
India tightens checks on overseas flows as currency pressure mounts, sources sayIndia's central bank and markets regulator are intensifying scrutiny on overseas investments by firms and family offices, issuing multiple ...
Sebi panel weighs cap on clearing house dividendsRegulators are considering new rules for stock exchanges. A plan to limit dividends from clearing houses is gaining traction. Other proposa...
ED investigates Vedanta Group for FEMA violationsA Vedanta spokesperson said the company was cooperating with the authorities. "We are extending full cooperation to the authorities and are...
ED searches against Vedanta Group in FEMA caseVedanta Group FEMA Case: The Enforcement Directorate is searching Vedanta Group properties in Delhi and Mumbai. This action is part of an i...
Indian travellers worry more about forex costs than visa queues: ReportIndian travellers are set to spend more overseas following a tax reduction. However, managing travel budgets is their biggest worry. Many s...
British law firm Child & Child launches India desk: enters into partnership with Solicis LexLondon law firm Child & Child has launched a dedicated India Desk and partnered with Mumbai-based Solicis Lex to cater to the growing deman...