October 13, 2026
Home Posts tagged mumbai
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The Reserve Bank of India has absorbed an estimated $20 billion in excess rupee liquidity from the banking system through foreign exchange operations, according to two bankers. The RBI has used dollar-rupee sell-buy swaps, spot dollar sales, bond sales and variable-rate reverse repos to manage surplus funds. The measures, combined with tax outflows, have sharply […]Continue Reading
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Shri Bhupendrasinh Chudasama, former Education Minister of Gujarat, presented the prestigious “Aaj Ka Karamveer Award” and “Iconic Creature Award” to Dr. Ajit Ravi at a special event held in Western Mumbai on September 27. The awards recognised Dr. Ravi’s contributions, achievements and service to society. The presentation marked a special occasion celebrating individuals Continue Reading
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Indian authorities have raided an illegal warehouse operation in Navi Mumbai accused of altering expiry dates and nutritional information on packaged food products meant for export. The operation involved products from major brands including PepsiCo, Nestlé, Unilever and Coca-Cola, with officials seizing goods worth nearly $80,000. Authorities found thousands of cartons of Continue Reading
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India’s Adani Airports, a unit of the Adani Group, has announced plans to invest over $2.1 billion (200 billion rupees) to develop airport-linked commercial districts across six major locations in India. The project will span airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur, and Guwahati, covering a total area of more than 655 acres. Nearly […]Continue Reading
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Cities near Mumbai, including Navi Mumbai and Panvel, are preparing to raise funds through municipal bonds for the first time, signaling growing momentum in India’s local debt market. Both cities have begun the process by securing credit ratings, with Navi Mumbai expected to target around 10 billion rupees, while Panvel plans a smaller, yet-to-be-finalized issuance. […]Continue Reading

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