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The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
YouTube CEO Neal Mohan , an Indian-origin executive, has been named TIME’s 2025 CEO of the Year. TIME recognized Mohan for his role in shaping YouTube into a dominant force in global cultural consumption. His leadership at the video giant stems from a strong academic background and extensive experience in digital advertising and product development.
The Quick Estimates of IIP reached 150.9, compared to 150.3 in October 2024. (AI image) October 2025 IIP: The Index of Industrial Production or IIP for the month of October slowed to 0.4% as against 4% in September, according to the latest government data. The reduced growth can be attributed to fewer working days due…
Countries around the world are growing increasingly cautious about maintaining sovereign assets abroad. (AI image) India’s gold reserves are increasingly being stored in the country – a significant move in an era where countries use financial warfare to mount pressure and settle scores. The Reserve Bank of India (RBI) has intensified its efforts to transfer…
