The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). “We reserve the order. All the four SLPs (special leave petitions) are over. A lot Read More

After reaching a life-time high, India’s foreign exchange reserves marginally declined by $392.6 million to $366.77 billion in the week to August 26 on account of fall in foreign currency assets, RBI said. Last week, the reserves had increased by a healthy $1.346 billion to touch a record high of $367.169 billion. FCAs, a major component of the overall reserves, Read More