Mumbai, June 1: Forex reserves increased by $952 million to $204.934 billion during the week ended May 25 against $203.982 billion during the week ended May 18. The reserves had decreased by $9 million during the week ended May 18. Foreign currency assets increased by $953 million to $197.438 billion during the week, according to the figures released by the Reserve Bank.
Mumbai, June 1: Ratan Tata today asked the private sector to focus on social development of the country. “We must not forget the fact that there are numerous people living below the poverty line, especially in rural areas,” he said.
Calcutta, June 1: Coal India Ltd and Damodar Valley Corporation have entered into a pact to develop manufacturing facilities for underground mining machinery and material handling equipment. They also aim to revive the Mining and Allied Machinery Corporation, Durgapur.
Ludhiana, June 1: Bharti Enterprises will enter general insurance business in the second half of this year in a joint venture with Axa Group.
New Delhi, June 1: DLF has entered into an agreement to float a joint venture with Fortis Healthcare to set up hospitals across the country with about Rs 6,200 crore of investments.
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