Purchase Up 94% Since July. MUMBAI: RBI’s net dollar purchases surged 132% to $43.3 billion in Aug 2026, driven by inflows through its concessional FCNR(B) swap facility, while its outstanding net forward short position crossed $200 billion for the first time.RBI bought $74.5 billion in dollars during the month, up 93.9% from $38.4 billion in…
AI was also lowering the barriers for smaller criminal operations, he said. NEW DELHI: India is the world’s seventh most targeted country by cyberattacks and third in Asia, a senior Microsoft executive said Friday, warning that artificial intelligence was already helping criminals mount ransomware and espionage campaigns.At the NDTV World Summit 2026, Nicholas Butts, director…
Travel accounted for 59.5% of total remittances, rising 11.4% from July to $1.6 billion. MUMBAI: Outward remittances under RBI’s Liberalised Remittance Scheme (LRS) rose 6% month-on-month to $2.7 billion in Aug 2026, driven by overseas student travel, business travel and payments for remote education, while investments in foreign equity and debt more than doubled from…
he slowdown was particularly sharp in high-tech and retail, which declined 17.3% and 7.7% year on year, BENGALURU: Infosys had a lacklustre Q2, with its shares falling 6% in early trade on the NYSE after it cut FY27 revenue growth guidance to 1%-2% in constant currency terms from 1.5%-3% earlier. This is the company’s weakest…
Two critical PHP flaws trigger global alert. BENGALURU: Two critical PHP vulnerabilities that could allow hackers to remotely execute code on servers without authentication have triggered a cybersecurity alert, potentially exposing millions of internet-facing services. In a separate advisory, PHP also urged users to temporarily disable a file-upload tracking feature to mitigate another remote code…
Piyush Goyal said German companies had publicly announced investments worth $7.4 billion in India. BERLIN: German companies are exploring investment opportunities in India in precision engineering, aerospace, defence and shipbuilding, besides healthcare, pharmaceuticals and research and development, commerce and industry minister Piyush Goyal said, pointing to growing business interest as European firms look to diversify…
The remarks appear to settle a debate sparked by Noel Tata, chair of Tata Trusts. Mumbai: In his first public comment since Reserve Bank of India rejected Tata Sons’ bid to shed its non-bank lender status, governor Sanjay Malhotra on Friday left little doubt that the Tata Group holding company must list publicly as long…
NEW DELHI: Jio Platforms’ initial public offering (IPO) has become the first public issue globally to receive more than one crore applications, news agency PTI reported citing sources on Friday, as investor demand surged on the final day of bidding.The $3.2 billion offering by billionaire Mukesh Ambani’s telecom and digital services company has attracted strong…
At $120/BBL, Indian Crude Basket’s Oct Avg Price Hits 14-Yr High MUMBAI: Rising crude oil prices with the Indian crude basket at a 14-year high, fresh weakness of the rupee after an eight-session gain and sliding Asian markets weighed on investor sentiment on Dalal Street on Thursday.As a result, sensex showed a weak trend from…
Live Commerce, Interesting Clips Scale ToCreate Content-To-Commerce Ecosystem. MUMBAI: Indians are no longer just shopping; they are video-shopping. Videos drive a lot of traction on online platforms such as Amazon, Flipkart, Myntra and Meesho. Consumers scroll through creator-led content reels or shorts, discovering a host of new brands and products with many eventually clicking on…
