Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule | Finance News

Inflows over  bn, RBI opts to shut FCNR(B) tap ahead of schedule | Finance News

[ad_1] The Reserve Bank of India (RBI) has decided to close its swap facility for foreign currency non-resident (bank), better known as FCNR(B), deposits one month ahead of schedule as inflows have risen rapidly, with banks already mobilising $52.3 billion under the scheme by August 13. The move comes just about a week after … Read more

Lindsay Clancy murder trial: 5 bombshell takeaways from second week testimony, ‘Shut her up’

Lindsay Clancy murder trial: 5 bombshell takeaways from second week testimony, ‘Shut her up’

[ad_1] The second week of Lindsay Clancy’s murder trial featured multiple witnesses who characterized her as a caring mother, showing no signs of potential harm towards her children. This has raised concerns about the prosecution’s strategies in demonstrating that Clancy intentionally killed her three children on a January evening in 2023. The trial of Lindsay … Read more

U.S. technology company’s move to shut down centres in Kerala taking down around 800 jobs halted

U.S. technology company’s move to shut down centres in Kerala taking down around 800 jobs halted

[ad_1] Image for representation. A move by a U.S.-based technology company to shut down its offices in Kochi and Kozhikode, rendering nearly 800 people jobless reportedly without prior notice, was stalled on Friday following the timely intervention of political leadership and the Labour department. Around 600 employees of CorroHealth Infotech Private Limited, a firm providing … Read more