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German Companies Looking for Business Opportunities: Piyush Goyal

AI summary

Piyush Goyal announced that German companies are investing $7.4 billion in India, focusing on sectors like aerospace and healthcare. Over 2,000 German firms currently operate in India.

Times of India

2 min ·

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Business & Finance

Outward Transfers Rise 6% to $2.7 Billion, Driven by Travel

AI summary

In August 2026, outward remittances under the RBI’s Liberalised Remittance Scheme increased by 6% to $2.7 billion, primarily due to travel expenses. Travel accounted for 59.5% of total remittances.

Times of India

2 min ·

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Business & Finance

At $43 billion, RBI’s net dollar purchase hits new high

AI summary

The Reserve Bank of India (RBI) reported a 132% increase in net dollar purchases to $43.3 billion in August 2026, largely due to inflows from its FCNR(B) swap facility. This marks a significant rise from previous months and highlights ongoing currency management efforts.

Times of India

2 min ·

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Business & Finance

Sensex Declines for Fourth Consecutive Day Amid Market Volatility

AI summary

The Sensex fell for the fourth day, closing down 126 points at 73,124, amid rising crude oil prices and a weakening rupee. Nifty also saw a decline of 88 points.

Times of India

2 min ·

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Business & Finance

WazirX Shifts Focus to Recovery and AI After Year of Rebuilding: Shetty

AI summary

WazirX has rebuilt its operations after a year, focusing on recovery and AI tools to enhance trading outcomes. Founder Nischal Shetty emphasizes customer trust and innovative trading solutions.

Business Standard

3 min ·

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