overseas funds

Forex kitty grows in Q3 on better external factors, but headwinds need close watch

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Forex kitty grows in Q3 on better external factors, but headwinds need close watch

Mumbai: For the greater part of 2022, news items pertaining to the central bank’s depletion in forex stockpile consumed a lot of column inches and airtime, with pundits giving endless explainers for the trend that appeared to neatly dovetail with the retreat of overseas funds. But similar media attention hasn’t seemingly been paid yet to … Read more

Vedanta, 2 global funds among BPCL suitors

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Vedanta, 2 global funds among BPCL suitors

New Delhi: Anil Agarwal’s Vedanta Group and two overseas funds are said to be among suitors for state-owned Bharat Petroleum Corporation (BPCL), which the government is seeking to privatise. Government sources told TOI that Vedanta is among the “multiple suitors” for the oil marketing company. The names of the two funds were not immediately known. … Read more