India’s external sector shows steady improvement, boosted by foreign investment inflows. The economy remains strong despite global uncertainties and trade disruptions. Foreign exchange reserves provide ample cover for imports and external debt. Exports and imports saw strong growth in the first quarter of this fiscal year. Bilateral trade agreements will further enhance India’s external trade momentum.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.