Business

HDFC Bank is a systemically important bank with sound financials and a competent management team, RBI says.

India’s forex reserves, excluding gold, are now just enough to cover for 8.7 months of imports, the lowest in three years, according to Bloomberg data.

INR-USD fell to an intraday low of 92.48, surpassing its previous record close of 92.45 set last Friday, even as RBI stepped in to arrest the slide.

The Jio IPO DRHP will include the December-end financials, setting the stage for a highly anticipated listing at a valuation seen at $100-120 billion.

The original Renault Duster, launched more than a decade ago, effectively created the compact SUV category in India.

The Reliance-Samsung deal, one of the largest of its kind globally, signals Chairman Mukesh Ambani's ambition to dominate the renewable energy value chain.