The country’s foreign exchange reserves rose by $64 million to $273.4 billion in the week ended May 21, the Reserve Bank of India said in its weekly statistical supplement released on Friday. While foreign currency assets climbed by $40 million to $248.6 billion, gold reserves remained unchanged at $18.5 billion, the central bank said. Special drawing rights with the International Monetary Fund increased by $19 million to $4.88 billion and reserves with the IMF rose by $5 million to $1.31 billion.
Aegon Religare eyes Rs 500-cr premium
Aegon Religare, which garnered a total received premium of Rs 166 crore in 2009-10, is targetting Rs 500 crore in the current fiscal year. To boost its operations, Aegon Religare will invest Rs 450-470 crore in the current year against the total investment of Rs 570 crore in the previous year.
DIC announces debt deal
Dubai International Capital (DIC) has reached a deal with its main bankers to delay repaying debts of $2.6 billion for three months, the company has said.
Dubai's premier investment vehicle said the company and its coordinating committee of banks requested lenders for a three-month extension of certain maturities till September 30. The extension period would allow the implementation of a consensual longer-term plan that would enable DIC to maximise the value of its business,” the statement said.
Source : financialexpress.com