#ForeignCurrencyAssets Archives

Corporate India

RBI Allows Banks to Fund Corporate Acquisitions

The Reserve Bank of India will now permit banks to finance mergers and acquisitions by Indian corporates. This new framework significantly expands the scope of capital market lending for the banking sector.

Corporate India

India Indigenous Nuclear Reactor Project Draws Interest ftom Corporate Giants

India’s largest corporate groups, including Reliance and Adani, show strong interest in NPCIL’s tender for the Bharat Small Reactors (BSR). The project, using indigenous PHWR technology, marks the first major entry of the private sector into nuclear generation, with a project deadline now set for March 2026.

Corporate India

Governance

Government Sanctions ₹6,982 Crore Additional Capital for BSNL’s 4G Expansion

In a major push for India’s public sector telecom, the government has greenlit a fresh capital injection of ₹6,982 crore for BSNL, earmarking the funds specifically for the nationwide expansion of its 4G network. This move is part of a broader strategy to bolster BSNL’s financial health and competitive standing against private players.

Corporate India

BSNL issues ₹2,903 crore 4G expansion order to TCS

Order to cover 18,685 new sites under Atmanirbhar Bharat initiative Bharat Sanchar Nigam Limited (BSNL) has placed an additional Advance Purchase Order (APO) worth ₹2,903.22 crore with Tata Consultancy Services (TCS) to enhance its 4G mobile network infrastructure. As per a regulatory filing by TCS, the order involves the planning, supply, installation, testing, commissioning, and…

Reserve Bank of India, India's Forex Reserves

India’s Foreign Reserves Drop Below $700 Billion

Vishal Duggal11 October 202511 October 202507 mins

India’s foreign exchange reserves declined by $276 million, falling just below the significant $700 billion threshold for the week ended October 3, according to the latest RBI data.

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Tag: #ForeignCurrencyAssets

India’s Foreign Reserves Drop Below $700 Billion