RBI Governor Sanjay Malhotra told financial leaders in New York that the central bank is closely monitoring short-term economic fluctuations, including FDI outflows. He outlined reforms to strengthen foreign investment and deepen market integration, while pointing to India’s low inflation and strong foreign exchange reserves as proof of resilient fundamentals.
Shapoorji Pallonji Group (SP Group) is in talks with bondholders to defer a Rs 14,300-crore bond payment by two months. The company says foreign exchange swings and newly tightened hedging regulations are disrupting its funding and repayment timeline. SP Group is exploring alternate financing options while negotiating an extension, aiming to reach an agreement soon.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
HDFC Bank has alerted customers after card swipes were linked to overseas capital account transactions. The move comes as some residents used cards to make international transfers while unaware they could be violating foreign exchange and banking regulations. Reports suggest certain customers may have done it to dodge TCS or sidestep limits on overseas forex remittances.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
