Total collections under the RBI dollar swap scheme have crossed $72.8 billion, according to recent operational updates regarding the central bank’s foreign exchange management. Collections Surge Under RBI Dollar Swap Scheme Data from the Reserve Bank of India indicates that the cumulative collections through its foreign currency swap facility have now surpassed the $72.8 billion … Read more
The board of directors of Heranba Industries has approved a ₹25 crore Heranba Industries investment in Mikusu India. The capital allocation decision comes alongside the company reporting a turnaround in its financial performance for the first quarter of FY27. The investment approval highlights the company’s strategic focus following its return to profitability in the April-June … Read more
The RBI forex swap facility has attracted foreign exchange inflows totaling $72.85 billion as of August 21, according to data released by the Reserve Bank of India. The scheme was introduced as part of central bank measures to encourage foreign currency receipts and enhance liquidity support for domestic financial institutions. The strong mobilization of funds … Read more
The sector for sodium-ion batteries in India is expected to see rapid growth as technology advances and domestic capabilities expand across the clean energy industry. With global demand for energy storage increasing, alternative battery chemistries are receiving focused attention to address supply chain pressures and bolster electric vehicle manufacturing. Government Backing for Advanced Battery Research … Read more
India and Nepal have agreed to adopt modern technology to enhance India Nepal border surveillance and strengthen security along their shared international boundary. The move comes as part of a coordinated effort to address cross-border security challenges and curb illegal activities. Agreement on High-Tech Border Surveillance According to reports from media outlets in both nations, … Read more
India has the potential to transform into a $20 trillion economy by 2036, provided the country executes a comprehensive package of 20 strategic reforms, according to a new report by financial services firm Equirus. The study highlights that achieving this milestone will require a combination of accelerated economic growth, currency stability, and targeted structural changes … Read more
The Ministry of Home Affairs has directed Google to remove fraudulent Firebase accounts after cyber security monitoring revealed a pattern of online scams operating through the platform. Government Intervenes to Tackle Cyber Fraud Indian authorities flagged the issue after identifying fraudulent bank web pages hosted on Google’s Firebase platform. The malicious pages were being used … Read more
India’s central bank has reported that foreign exchange deposit inflows reached $65.4 billion, reflecting steady foreign currency mobilization across the financial system. According to central bank data, total funds raised through a combination of overseas deposits, loans, and special foreign exchange swap schemes stood at $72.8 billion. Foreign Exchange Swap Scheme and Overseas Loans Commercial … Read more
India’s foreign exchange reserves have climbed to a six-month peak, supported by continuous capital inflows into the domestic market. Sustained Foreign Capital Inflows The accumulation in foreign currency holdings comes on the back of persistent foreign investment flowing into Indian assets. Strong capital movements have strengthened the financial buffer over recent periods. Buffer Against Foreign … Read more
Major Gains for Family-Based Applicants The US Visa Bulletin for September 2026 brings encouraging news for Indian applicants waiting in family-based Green Card categories. The latest monthly release highlights major forward movement in family visa priority dates, bringing relief to families long awaiting immigrant visa approvals. Family-sponsored categories registered key advances, helping reduce waiting timelines … Read more