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File. | Photo Credit: Reuters Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a $7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI. When reached out, a…
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Photo: Facebook/Gokaldas Exports LTD India was emerging as a preferred sourcing hub, bolstered by competitive labour costs, a stable policy environment and the recently concluded India-U.K. FTA has offered a 12% duty advantage over competitors like China, said Mathew Cyriac Chairman, Gokaldas Exports, a Bengaluru-based apparel manufacturer for global brands. The global apparel market was…
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BYJU’S owner Byju Raveendran. File. | Photo Credit: Reuters The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding LLC, has stepped up its legal battle against Byju Raveendran and his investment arm Byju’s Investments Pte. Ltd. (BIPL) by moving the Karnataka High Court to enforce an arbitral award worth $235 million, it said in…
Forex traders said investors were cautious ahead of the implementation of the August 27 tariff deadline and the upcoming U.S. economic data ahead of the Federal Reserve’s September 17 meeting. File | Photo Credit: AP The rupee pared initial gains to settle 6 paise lower at 87.58 (provisional) against the U.S. dollar on Monday (August…
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A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Benchmark indices rebounded on Monday (August 25, 2025), with the BSE Sensex climbing 329 points, tracking a rally in global equity markets, on hopes of a potential U.S. Federal Reserve rate cut. Buying in IT stocks were also instrumental in driving the…
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Reserve Bank of India Governor Sanjay Malhotra speaks during the FIBAC banking conference in Mumbai, on August 25, 2025. | Photo Credit: Reuters Should the tariffs imposed by U.S. President Donald Trump kick in, the Reserve Bank of India (RBI), like in the past, would step in and provide financial support to worst impacted sectors…
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Image used for representation purpose only. | Photo Credit: Reuters Fitch Ratings on Monday (August 25, 2025) affirmed India’s sovereign rating at ‘BBB-‘, with a stable outlook, saying a strong record of delivering growth and improving fiscal credibility will drive improvements in structural metrics. “India’s ratings are supported by its robust growth and solid external…
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Image used for representation purpose only. | Photo Credit: Reuters The rupee appreciated 18 paise to 87.34 against the U.S. dollar in early trade on Monday (August 25, 2025), supported by positive domestic equities, even as external risks remain elevated. Forex traders said the near-term direction of the rupee will depend on two key events…
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Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto An emergency fund is one of the most important pillars of financial planning. Without an adequate emergency fund in place, a single financial exigency can push one to high-cost debt, premature liquidation of investments and even adversely impact financial health for the long term. Costly…