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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.
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Le Mignot bought the 1,429-square-foot condo, which is in a renovated building and has lake views, with her husband.
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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.
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