Forex intervention gains outweigh costs: RBI study

[ad_1] MUMBAI: The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin.The authors highlight that RBI’s interventions, both in the spot and forward markets, have effectively countered the volatility of capital flows. The report finds evidence of…

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Historic funding cut threatens rural schools in California: $35.8 million at stake as bill fails in US House

[ad_1] Congress eliminates $35.8 million funding for rural schools in California, threatening vital programs. (Getty Images) Rural school districts across California are bracing for significant budget cuts after a key federal funding source was eliminated from the national budget. The Secure Rural Schools and Community Self-Determination Act, a century-old program that compensates rural counties with…

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TechM’s revenue rises 1% in Dec qtr

[ad_1] BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are…

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FTA: Goyal to meet EU Trade Commissioner

[ad_1] NEW DELHI: Commerce and industry minister Piyush Goyal will hold discussions in Brussels with Commissioner of European Commission for Trade and Economic Security Maros Sefcovic from Jan 18-20 on the proposed free trade agreement between the two. Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays,…

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