India and Australia have stepped closer on the trade and bilateral front as Prime Minister Narendra Modi on projected India as a long-term investment destination during his visit to Australia, urging businesses to deepen economic engagement as the two countries seek to expand cooperation in trade, infrastructure, clean energy and emerging sectors.Alongside Australian Prime Minister…

Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…

India’s foreign exchange reserves declined by $711 million to $681.610 billion in the week ended June 5, dragged down by a sharp fall in foreign currency assets, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.The decline follows an increase of $938 million in the previous reporting week, when…

NEW DELHI: Indian firms hoping to ride the global biologics boom are finding the path far tougher than expected, as China tightens its grip further on biotech supply chains. Recent data suggests Chinese companies have bagged more than half of several recent project deals from US biotech companies, underscoring the challenge for Indian players trying…