The Indian rupee has hit a new low, and the market is waiting for the Reserve Bank of India to interfere.

Economy
May 17, 2022, 12:13 p.m.

By 0358 GMT, the partially convertible rupee was trading at 77.73/74 per dollar, down from Friday's close of 77.45. The 1-month non-deliverable forward traded at 77.96/97 cents on the dollar.

NCLT order on Pawan Hans sale to be examined by the Centre

Economy
May 17, 2022, 12:12 p.m.

The NCLT had raised concerns about the financial condition of Almas Global Opportunity Fund SPC (AGOF), a Cayman Islands-based main shareholder in Star9 Mobility Pvt Ltd, the winning bidder for Pawan Hans.