Gold reserves were down $99 million to $47.13 billion during the week, the RBI said.
The economies in the Netherlands’ neighbours, France and Belgium, both grew in the last quarter while another neighbour, European economic powerhouse Germany, stagnated.
As per the pricing methodology that these oil marketing companies (OMCs) are supposed to follow, petrol and diesel prices should be revised daily based on the 15-day rolling average of international benchmark prices.
This comes a week after the Ministry of Commerce and Industry had asked the DFS to maintain credit flow to the exporters amid disruption in the Red Sea region that could impact over 80 per cent of the exports to Europe, following an inter-ministerial meeting on January 17.
Reliance-Jio Financial Services demerger: RIL opens at Rs 2,580; JFSL share price fixed at Rs 261.85
Market sentiment remains upbeat on robust foreign flows and a healthy macroeconomic outlook.
The government also launched an e-commerce export handbook for MSMEs, which will be a key resource for creating awareness on e-commerce exports through these outreach events in the districts.
Shares of Kotak Mahindra Bank fell more than 2% on Monday after it named veteran banker Ashok Vaswani as managing director and CEO following founder Uday Kotak’s resignation.
It has signed an MoU to develop a one-gigawatt green hydrogen project, involving an investment of around Rs 30,000 crore.
The notice refers to matters relating to industry-wide issues, the company said, adding that it will file an appropriate response within the prescribed timelines.
The service, which will be developed by a subsidiary of the central bank, will directly compete with similar services offered by American companies like Amazon, Google and Microsoft.