The Reserve Bank of India reveals valuation gains in reserves. These gains reached $26.9 billion during fiscal year 2024-25. This is a significant jump from $4.3 billion in the previous year. However, excluding these effects, foreign exchange reserves saw a decrease of $5 billion. Nominal terms show an increase of $21.9 billion.
The Indian IPO market experienced a robust week, with five IPOs collectively receiving bids exceeding 1.85 lakh crore. HDB Financial's IPO stood out, attracting significant institutional interest and becoming the largest NBFC public issue since Zomato. Improved market sentiment fuels this IPO surge, with numerous companies preparing to enter the primary market, anticipating favorable subscriptions and listing gains.
A federal judge has upheld a ruling directing OpenAI to preserve logs and data slated for deletion after news outlets including the Chicago Tribune suing the technology giant accused the company of hiding evidence of copyright infringement.
