Page 3 - Oneycontrol Reported News Today

After agreements with United Arab Emirates (UAE) and Indonesia, India is considering the possibility of establishing bilateral agreements with important partners in Latin America and Africa to bolster trade using local currencies, thereby contributing to the broader goal of internationalizing the Indian rupee, Moneycontrol reported.

New Delhi: The Ministry of Railways intends to acquire approximately 60,000 additional wagons at an estimated cost of Rs 25,000 crore to enhance the proportion of freight traffic carried by Indian Railways (IR), Moneycontrol reported.

Mumbai: Stock market regulator Securities Exchange Board of India (SEBI) has instructed Edelweiss Broking to be more cautious when reporting suspicious transactions, Moneycontrol reported.

If the consultation paper issued by the market regulator SEBI is approved, it could enable higher educational institutions, urban local bodies, and Micro Units Development & Refinance Agency (MUDRA) to participate as Qualified Institutional Buyers (QIBs) in investing in debt securities, Moneycontrol reported.

The Interim Resolution Professional (IRP) of Go First Abilash Lal has informed the National Company Law Tribunal (NCLT) that the financially strained airline has incurred disproportionate liabilities due to the grounding of its aircraft, Moneycontrol reported.

Bengaluru: Ed-tech firm Byju's is preparing to secure a substantial funding round of $1 billion through a combination of equity and structured instruments, Moneycontrol reported.

Mumbai: Air India is planning to cut down the frequency of flights to Oman, Dubai, Abu Dhabi, and Qatar temporarily due to the airline's shortage of crew and planes, Moneycontrol reported.

Russia supplied 1.64 million barrel per day (bpd) of crude oil to India, surpassing traditional suppliers such as Saudi Arabia and Iraq, Moneycontrol reported.