October 14, 2026
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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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Peru is awaiting India’s response to a counterproposal as negotiations for a free trade agreement enter their final stage, Trade Minister Rogers Valencia said. Lima hopes the agreement can be finalised and signed in 2027, after negotiations between the two countries began in 2017. India has emerged as the second-largest destination for Peruvian exports this […]Continue Reading
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Indian Oil Corporation (IOC), India’s largest oil refiner, has significantly increased its spot crude purchases to offset supply disruptions from the Middle East, according to the company’s finance head, Anuj Jain. Spot purchases have risen from 50% to nearly 84% as the company continues to monitor global developments and adjust its sourcing strategy. The shift Continue Reading
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Adani Enterprises reported a consolidated net loss of ₹11.60 billion for the quarter ended June 30, mainly due to a one-time ₹26.44 billion charge linked to a settlement with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) over an investigation involving the shipping of Iranian gas. This marks the company’s second consecutive quarterly loss. […]Continue Reading
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The Indian government has sought time until Saturday afternoon to respond to protesters’ demand for the resignation of Education Minister Dharmendra Pradhan following discussions with leaders of the youth-led “Cockroach” movement. The talks came shortly after activist Sonam Wangchuk ended his 26-day hunger strike, raising hopes of a possible resolution to Continue Reading
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India’s push to strengthen domestic solar manufacturing has run into a major hurdle, with several solar panel factories either shutting down or cutting production due to a shortage of locally made solar cells. Industry sources told Reuters that new rules introduced on June 1 restricting the use of imported Chinese cells have left manufacturers waiting […]Continue Reading
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GoDaddy, the world’s largest internet domain registrar, has challenged an Indian court’s sweeping directives aimed at curbing fake websites that impersonate well-known brands. The company argues that the measures, introduced after lawsuits filed by firms including Amazon and McDonald’s, could undermine internet privacy, harm legitimate businesses and Continue Reading

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