New Delhi, May 12 (IANS) Singapore has emerged as a key hub in China’s strategy to internationalise its currency, the renminbi (RMB), and reduce dependence on the US dollar-dominated global financial system. The city state facilitates China’s monetary and capital flows, across other countries in Southeast Asia, according to a new report.China’s structural limits, like restricted capital mobility and regulatory uncertainty, constrain the RMB’s global acceptance. Consequently, Singapore ac…
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Washington, May 8 (IANS) A bipartisan group of US senators has reintroduced a resolution backing the US dollar’s status as the world’s reserve currency, warning that China is accelerating efforts to build an alternative global financial system centred around the yuan.The resolution, introduced by Ted Budd and Jeanne Shaheen, says Beijing’s push to internationalise the yuan poses economic and national security risks to the United States and its allies.“Continued cooperation and sustained …
New Delhi, May 1 (IANS) Maruti Suzuki India, the country’s largest carmaker, on Friday reported its highest-ever April sales, signalling a strong start to the new financial year driven by broad-based demand across segments, particularly small cars and SUVs.The company posted total sales of 2,39,646 units in April — marking a sharp 33.29 per cent increase over 1,79,791 units sold in the same month last year.Domestic sales also touched a record high of 1,91,122 units, up from 1,42,053 units a y…
New Delhi, April 23 (IANS) Maruti Suzuki India Limited on Thursday said it has achieved its highest-ever annual production volume of 23.4 lakh units in FY2025-26, making it the only original equipment maker (OEM) in the country to achieve such record production volume of passenger vehicles.Maruti Suzuki India also became the only company among Suzuki Motor Corporation’s global automobile manufacturing facilities, to achieve this landmark volume, it said in a statement. The company aims to scal…
New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) proposal to the Union government to place the linking of Central Bank Digital Currencies (CBDCs) of BRICS countries on the agenda for the 2026 BRICS summit, to be chaired by India, could play a key role in facilitating international payments, according to an article.BRICS (Brazil, Russia, India, China and South Africa) has, with the recent addition of Iran, Ethiopia, the United Arab Emirates (UAE), Egypt, and Indonesia to the bloc, emerg…
New Delhi, Jan 16 (IANS) Maruti Suzuki India Limited on Friday announced the start of shipment of its premium SUV VICTORIS for exports, adding that the automaker aims to export the vehicle to over 100 countries and regions.Over 450 vehicles have set sail from Mundra and Pipavav ports for global markets, it said in a statement.“Maruti Suzuki’s export journey is guided by the vision of Make in India, Make for the World. In calendar year 2025, with exports of over 3.9 lakh vehicles, we emerged …
New Delhi, Jan 2 (IANS) Maruti Suzuki India Limited, the country’s largest car manufacturer, produced over 22.55 lakh vehicles in 2025 — its highest-ever output in a calendar year, according to a company statement issued on Friday.This is the second consecutive year that Maruti Suzuki India has exceeded 20 lakh units in annual production. The production includes vehicles for domestic sales, exports and OEM supplies. The top five models by production volume during the year were Fronx, Baleno, …