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To address this disparity, Narayana Murthy advocated a focus on exports, similar to the strategies employed by China and Vietnam.

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Changes in foreign currency assets are caused by the central bank’s intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves.

The company’s board recommended an interim dividend of ₹2.5 per equity share with a face value of ₹2 for financial year 2024-25.

CLSA has now positioned India as a 20% overweight in its portfolio, reflecting a more optimistic outlook for the country.

John T Chambers, Former Executive Chairman of Cisco underscored the growing strength of the U.S.-India partnership, marked by effective communication and shared priorities.

In India, the price of 10 grams of 24-carat gold in Delhi stood at ₹75,813, witnessing a decline of ₹1,200 from earlier rates. 

Immediate pressures on copper were on show at a major industry gathering in Shanghai this week, with traders, suppliers and consumers in a cautious mood. China’s demand growth is slowing and there’s uncertainty about what Trump’s return to the White House might mean for global trade.

With the implementation of the fourth phase, the total number of districts covered under mandatory hallmarking now stands at 361.

Market Regulator SEBI recently approved norms for faster rights issue process, allowing the process to be completed within 23 days of the board meeting approving the rights issue, compared to a current average timeline of 317 days.