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Madras HC orders revaluation of assets in DBS-LVB merger case

Madras HC orders revaluation of assets in DBS-LVB merger case

  The Madras High Court has instructed the Reserve Bank of India (RBI) to conduct a thorough assessment of the shares and assets of DBS Bank India and Lakshmi Vilas Bank (LVB) prior to their

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EbixCash records 38% growth in forex during 2023; revenue surges 24% in Q4

EbixCash records 38% growth in forex during 2023; revenue surges 24% in Q4

EbixCash Limited, a subsidiary of global software and e-commerce services provider Ebix, Inc., has reported significant year-over-year (YOY) growth in its payment solutions vertical, particularly in the areas of foreign exchange, inward and outward money

Ministry
India’s forex reserves drop by USD 3bn for last week of July

India’s forex reserves drop by USD 3bn for last week of July

India's foreign exchange (forex) reserves dropped by USD 3.165 billion to USD 603.87 billion for the week ended July 28, the Reserve Bank of India (RBI) has said. This is the second consecutive weekly drop

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Credit card usage for international travel to come under tax ambit

Credit card usage for international travel to come under tax ambit

Spending in foreign exchange through international credit cards will be covered under the RBI's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per

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Indians spent nearly USD 10bn on foreign travel during April-December: RBI

Indians spent nearly USD 10bn on foreign travel during April-December: RBI

Indians spent around USD 10 billion on overseas travel between April and December, a report by Mayur Shetty in the Times of India (TOI) said, citing data from the Reserve Bank of India (RBI). It

OTAs
EaseMyTrip aims to foray into forex biz; will apply for Full-Fledged Money Changer License from RBI

EaseMyTrip aims to foray into forex biz; will apply for Full-Fledged Money Changer License from RBI

EaseMyTrip aims to launch a currency exchange service, and for this will apply for a Full-Fledged Money Changer License (FFMC) from the Reserve Bank of India (RBI). It will enable customers to easily convert their

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