India’s Foreign Exchange Reserves Rise By $1.49 Billion To Touch $641 Billion

India’s foreign exchange reserves increased $1.49 billion to reach about $641 billion in the week ending October 15, as per RBI data published on Friday. RBI said the rise can be attributed to an increase in foreign currency assets (FCAs) – which is a major component of overall reserves.  Gold reserves spiked by $557 million…Continue Reading

India’s OfBusiness in talks to raise new funds at over $4.5 billion valuation

OfBusiness, an e-commerce startup that sells industrial goods and provides small businesses with credit, is in talks to raise a new round of funding at a valuation of over $4.5 billion, three sources familiar with those talks told me. If the talks materialize, it would be the fourth financing round OfBusiness will secure this year.…Continue Reading

High prices could slow India’s transition to gas

Technicians work at an oil rig manufactured by Megha Engineering and Infrastructures Limited (MEIL) at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021. REUTERS/Amit DaveNEW DELHI, Oct 20 (Reuters) – High prices threaten India’s goal…Continue Reading

India’s 450GW renewable energy goal by 2030 doable, says John Kerry

“India is a close partner and the United States strongly supports India’s goal of reaching 450GW of renewable energy by 2030,” he said. U.S. Special Presidential Envoy for Climate John Kerry on Wednesday said India’s goal of reaching 450 GW of renewable energy (RE) by 2030 is doable as it has already crossed the 100…Continue Reading

At UNSC, Indias Special Envoy highlights womens part in govt as part of CAR developments

The Central African Republic (CAR) has concluded the electoral cycle and formed a new government with increased participation of women in the National Assembly, Deputy Permanent Representative of India to UN, R Ravindra noted during his address at the United Nations Security Council (UNSC) briefing on Monday. Ravindra also expressed appreciation for the role played by…Continue Reading

Ministry of Health and Family Welfare India’s Cumulative COVID-19 Vaccination Coverage exceeds 98.67 Cr More than 87 Lakh doses administered in last 24 hoursRecovery Rate currently at 98.14%; Highest since March 202013,058 New Cases reported in the last 24 hours India’s Active Caseload (1,83,118) is lowest since March 2020Weekly Positivity Rate (1.36%) less than 3%…Continue Reading

Ministry of Health and Family Welfare India’s Cumulative COVID-19 Vaccination Coverage exceeds 97.65 Cr Recovery Rate currently at 98.10%; Highest since March 2020 14,146 New Cases reported in the last 24 hours India’s Active Caseload (1,95,846) is lowest in 220 days Weekly Positivity Rate (1.42%) less than 3% for last 114 days Posted On: 17…Continue Reading