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Forex reservesMUMBAI: The country's foreign exchange reserves fell by $88 million to $37.324 billion on May 26 from $37.412 billion in the...

Forex reserves
MUMBAI: The country’s foreign exchange reserves fell by $88 million to $37.324 billion on May 26 from $37.412 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday. Loan and advances by RBI to the central government declined to Rs 7,033 crore on May 26 as against Rs 7,299 crore in the previous week, while for state governments it rose to Rs 2,693 crore from Rs 2,514 crore in the previous week.

Tata Tetley JV
MUMBAI: John Kelly, the Tetley group’s UK finance director and group controler, will head the Tata Tetley joint venture in India, in addition to his current responsiblies. In his role, John will be responsible for developing the future activities and direction of the joint venture.

ING Growth
MUMBAI: ING Savings Trust has declared a dividend of 25 per cent under its open-ended Ing Growth Portfilio. The dividend is payable to all unitholders of ING Growth Portfolio under the dividend option as on the record date of May 30,2000.

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Kellogg India
MUMBAI: K Venkatachalam, managing director, Kellogg India Ltd has been appointed director, Supply Chain Operations, Asia-Pacific. He will take up his new responsibilities in July 2000. Initially to be based in Mumbai, Venkat will relocate to Sydney, Australia in 2001.

Commodity Exchange
MUMBAI: The three-member committee headed by commodity futures regulator Forward Markets Commission (FMC) chairman K C Misra has submitted its report on the need and possibility of setting up National Commodity Excahnge (NCE) to the government. Misra said that he has forwarded the report to the government and it is upto the concerned ministry to take a final decision on it. It may be recalled that some of the major participants from the Federation of Indian Commodity Exchange (FICE) has openly opposed the idea of setting up NCE and sought more time before throwing them in a competition.

Modi not to travel to Malaysia for ASEAN summit; precludes meeting with Trump on sidelines

India56 min ago

Prime Minister Narendra Modi will not travel to Malaysia and instead will attend the ASEAN (Association of South East Asian Nations) leaders’s summit virtually. This was disclosed by Malaysian Prime Minister Anwar Ibrahim on Thursday, who received a phone call from PM Modi.

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