Forex reserves down by USD 2,676 bn to USD 593,279 bn

Forex reserves down by USD 2,676 bn to USD 593,279 bn

The country’s foreign exchange reserves declined by USD 2.676 billion to stand at USD 593.279 billion in the week ended May 13, RBI data showed on Friday.In the previous week, the reserves had declined by USD 1.774 billion to USD 595.954 billion. According to an article ‘State of the Economy’, published in the RBI’s Bulletin … Read more

Journalists, general, militiamen arrested in Ethiopia’s Amhara By Reuters

Journalists, general, militiamen arrested in Ethiopia’s Amhara By Reuters

© Reuters. FILE PHOTO: Ethiopian Prime Minister Abiy Ahmed attends his last campaign event ahead of Ethiopia’s parliamentary and regional elections scheduled for June 21, in Jimma, Ethiopia, June 16, 2021. REUTERS / Tiksa Negeri ADDIS ABABA (Reuters) -A prominent Ethiopian general critical of Prime Minister Abiy Ahmed’s government appeared in court on Friday after … Read more

Stocks Rebound On Positive Global Cues, But Caution Prevails

Stocks Rebound On Positive Global Cues, But Caution Prevails

On Friday, the Sensex and the Nifty jumped 2.91% and 2.89%, respectively, after recording their worst decline in at least two months a day before. Positive news from China, with cuts in lending rates and easing of the pandemic-led restrictions, helped boost sentiment globally. View Full Image bouncing back Finance Minister Nirmala Sitharaman’s optimism over … Read more

SEBI Slaps Rs 1 Crore Fine On India Infoline For Misutilisation Of Client Securities

SEBI Slaps Rs 1 Crore Fine On India Infoline For Misutilisation Of Client Securities

These entities “have executed trades which were fraudulent and intended to manipulate the scrip price of LWRHL, and have therefore, violated … PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) Regulations.” This comes after SEBI conducted investigation in the matter of Le Waterina Resorts and Hotels for the period October 2010 to March 2012, examining … Read more

Tesla stock’s very bad week gets worse after the allegations against Musk

Tesla stock’s very bad week gets worse after the allegations against Musk

Tesla Inc. shares were poised to close at their lowest since late July, falling more than 8% in midday trading Friday following allegations of sexual misconduct lobbed against Chief Executive Elon Musk. Tesla TSLA, -9.48% stock is down for three straight sessions, with losses of more than 12% over that period, and is looking at … Read more