The country's foreign exchange reserves rose by $954.6 million to $294.36 billion on account of gains in the value of gold reserves, the Reserve Bank said on Friday.
In the previous reporting week, the reserves had dipped by $383.7 million to $293.41 billion.
After remaining unchanged for multiple weeks, the gold reserves surged by $902.3 million to $20.978 billion for the week neded February 28, the Reserve Bank said on Friday.
(Reuters) - A Malaysia Airlines (MASM.KL) flight carrying 227 passengers and 12 crew went missing over the South China Sea on Saturday, presumed crashed, as ships from countries closest to its flight path scoured a large search area for any wreckage.
Vietnamese state media, quoting a senior naval official, had reported that the Boeing 777-200ER flight from Kuala Lumpur to Beijing had crashed off south Vietnam, but Malaysia's transport minister later denied any crash scene had been identified.
Ina pre-election rally, the Indian markets have left their global peers behind in a sharp take-off over the last four trading sessions.
This comes even as the results of the General Elections are a couple of months away, in which market players expect a government with a clear majority and with complete focus on economic growth.
New Delhi: Fair trade regulator CCI has approved stake purchase of Tata Group entities into auto component maker Varroc Engineering Pvt Ltd (VEPL) saying the deal will not have any 'adverse effect' on competition in the country.
Two Tata Group entities --Omega TC Holdings and Tata Capital Financial Services Ltd (TCFSL)--in January had announced that they would acquire certain number of equity and compulsory convertible preference shares of VEPL.
Delhi: Visa Inc and MasterCard Inc, the world`s two largest payment networks, have formed a new cross-industry group to improve payment system security following a number of high-profile data breaches.
The new group, which will include banks, credit unions, retailers and industry trade groups, will initially focus on the adoption of the safer `EMV` chip technology in the United States, MasterCard and Visa said on Friday.
Drug maker Ranbaxy Laboratories Ltd has recalled more than 64,000 bottles of the generic versions of its cholesterol-lowering drug in the United States due to reports of a dose mix-up, US regulators said.
Ranbaxy recalled tablets of atorvastatin calcium, the generic name for Lipitor`s active ingredient, after a pharmacist found a 20-
Washington, March 7 : Imagine this. A spacecraft docks at a propellant depot - somewhere between the Earth and the Moon - and picks up extra rocket fuel before making its way to the lunar surface.Possible.According to engineers at Massachusetts Institute of Technology (MIT), future lunar missions may be fuelled by gas stations in space.
