Bankers pitch RBI-backed FX hedge

MUMBAI: Banks have made a host of suggestions on how govt could attract $30–$50bn foreign exchange, most of them involving the central bank subsidising the hedging cost of the foreign exchange.While the interest rate differential between India and the US is far less than the 4–5% in 2013, bankers say that the macroeconomic fundamentals are…

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Maruti to raise prices by up to Rs 30k from June

NEW DELHI: India’s largest carmaker Maruti Suzuki will raise prices across its vehicle line up by up to Rs 30,000 from next month, citing elevated inflationary pressures and a persistently adverse cost environment. Some of the other car makers indicated that they are also reviewing prices, while some have already raised it.In a regulatory filing…

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16-year-old girl turns orange peels into a water-saving farming solution in South Africa, transforming drought-hit agriculture |

A simple kitchen waste item that most people usually throw away has unexpectedly found its way into global science conversations. Orange peels, something so ordinary, have been turned into a material that might help farms address one of their biggest modern problems: water shortages. As reported by the BBC, the idea reportedly came from a…

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Mumbai University UG admissions 2026 extended till May 23: Check complete revised schedule here

The University of Mumbai has extended the registration deadline for undergraduate (UG) admissions 2026 till May 23. Eligible students can apply online through the official admission portal, samarth.edu.in.Along with UG admissions, Mumbai University has also started the application process for postgraduate (PG) admissions 2026. Students can submit PG admission forms till May 26, while the…

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Elevation Cap to sell 1.3% Paytm stake

MUMBAI: Elevation Capital, an early backer of One97 Communications which owns fintech Paytm is selling about 1.3% stake in the company worth Rs 964 crore through block deals on Friday, the term sheet of the deal showed.The floor price of the offer, set at Rs 1,121 per share, is at a 3% discount to Paytm’s…

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