Business

RBI injects Rs 1.41 lakh crore into banking system

Mumbai: Reserve Bank of India (RBI) Tuesday pumped in over Rs 1.41 lakh crore of transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. The funds were injected into the system at a cut-off rate and weighted average rate of...

India’s Apaches, M777 howitzers set to receive US support services

Washington: The US has formally notified the proposed sale of sustainment support services and related equipment for India's Apache helicopters and M777A2 Ultra-Light Howitzers at an estimated cost of USD 482.2 million. The Defence Security Cooperation Agency (DSCA), which administers the Foreign Military Sales (FMS)...

US eases Iran oil restrictions amid talks

Washington: United States Monday eased restrictions on Iranian oil exports through August, hours after Vice President JD Vance said negotiators had made "great progress" in Switzerland and as talks with Tehran continued on nuclear issues, maritime security and the future of the Strait of Hormuz....

Four India-bound fertiliser ships sail safely out of Hormuz

New Delhi: Four cargo ships carrying vital shipments of urea, di-ammonium phosphate (DAP), and sulphur from the Persian Gulf are headed for Indian ports after successfully crossing the Strait of Hormuz last week, according to an official statement issued Monday. Navigating through ongoing global trade...

 

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