Forex reserves down by $810.7 million
The country’s foreign exchange reserves declined by $810.7 million to $318.579 billion for the week ended August 22, on account of drop in foreign currency assets. Last week, the reserves had risen by $43.3 million to $319.39 billion, after falling for two consecutive weeks. Foreign currency... read more »
Hyundai sales down 8% in August
Hyundai Motor India Ltd. (HMIL) on Monday reported 8 per cent decline in total sales at 48,111 units in August 2014. The company had sold 52,319 units in the same month last year, it said in a statement. In the domestic market, Hyundai sold 33,750 units last month as compared to 28,311 units in... read more »
Ten dead in Peru bus crash
At least ten people have been killed and 49 others injured when a bus plunged into a deep ravine in Peru. The bus went off the road and fell into ravine in southern Peru’s Moquegua region for unknown reasons, Efe reported citing local media. Rescue operation has been carried out by the police and... read more »
Australia ramps up sanctions against Russia
Australia has ratcheted up sanctions against Russia in line with the United States and European Union in response to Russian soldiers openly violating Ukraine sovereignty. Prime Minister Tony Abbott on Monday accused Russia of “brazenly” trying to break eastern Ukraine away from the rest of the... read more »
