Indian Banks Took a $500 Million Forex Hit After RBI Rupee Position Limits, Then Rebounded
Indian banks lost about $500 million on forex trading books after RBI’s rupee net open position cap, then recouped $400…
Section
Category: Companies & Business
News on major companies, retail and consumer brands.
Global Fossil Fuel Subsidies Projected to Surpass $1.1 Trillion in 2026
Global fossil fuel subsidies are projected to exceed $1.1 trillion in 2026, up about $410 billion from 2025.
Adani Ports Cargo Reaches 280 MMT in H1 FY27 as Rail Volume Falls
Adani Ports cargo volume reached 280 million metric tonnes (MMT) in April–September 2026, up 15% from a year earlier. September…
Vedanta Commits $200 Million to Rajasthan Oil Recovery in FY27
Vedanta’s Cairn will invest about $200 million in FY27 to boost oil recovery from its Rajasthan fields.
RBI Directs Banks to Fix Repeat Customer Complaints and Root-Cause Gaps
The RBI has directed banks to fix the root causes behind repeat customer complaints and strengthen grievance redressal.
ED Arrests Two in ₹1,417 Crore Ponzi Fraud Disguised as Agricultural Export Venture
The Enforcement Directorate arrested two people in a ₹1,417 crore Ponzi fraud posing as an agricultural export venture.
Amazon Tariff Refunds: $600M Received, Payout Timing Unclear
Amazon received about $600 million in tariff-related refunds, but has not said when or how much customers will get back.
Canada and India Target $70 Billion Bilateral Trade Within Five Years
Canada and India aim to more than double bilateral trade to $70 billion within five years and close a CEPA…
Tata Trusts Row: Why Trustees Oppose Noel Tata’s Merger Plan
Tata Trusts vice-chairmen have challenged Noel Tata’s plan to merge two subsidiaries into Tata Sons to avert a listing.
India 10-Year Bond Yield Hits 7.21% as Oil and RBI Fears Rise
India’s benchmark 10-year bond yield hit 7.21%, a two-and-a-half-year high, on oil and RBI rate-hike worries.