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India’s Forex Reserves Jump To $702.3 Billion, Gold Holdings Hit Record $108.5 Billion

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India’s Forex Reserves Jump To 2.3 Billion, Gold Holdings Hit Record 8.5 Billion


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India’s forex reserves rose to $702.3 billion, driven by gold at $108.5 billion, while foreign currency assets fell, RBI reported.

RBI's gold reserve doubled in the past 10 years.

RBI’s gold reserve doubled in the past 10 years.

India’s foreign exchange reserves climbed by $4.5 billion to reach $702.3 billion for the week ending October 17, largely driven by a significant increase in gold holdings, according to data released by the Reserve Bank of India (RBI) on Friday.

Gold reserves, a part of India’s forex reserves, jumped by $6.2 billion to surpass $108.5 billion for the first time. This rise was fueled by higher global gold prices and proactive purchases by the central bank.

In contrast, foreign currency assets, which make up the bulk of the reserves, fell by $1.7 billion to $570.4 billion during the week, affected by volatility in currencies like the euro, pound, and yen. Meanwhile, India’s reserve position with the International Monetary Fund (IMF) slipped slightly by $30 million to $4.62 billion.

Over the last ten years, the share of gold in India’s foreign exchange reserves has nearly doubled—from under 7 per cent to nearly 15 per cent.

Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) were at $18.7 billion, while India’s reserve position in the IMF stood at $4.6 billion.

Over the year, India’s total reserves have increased by $14.0 billion from the end of March 2025, reflecting strong capital inflows and robust forex management by the central bank. However, foreign currency assets saw a modest decline of $27.8 billion from March levels, partly offset by gains in gold and SDRs.

The RBI’s weekly bulletin also reported loans and advances to state governments at ₹30,095 crore as of October 17, up from ₹16,116 crore the previous week, highlighting continued support to state-level fiscal operations.

Prices of the yellow metal have surged over 60% this year. Gold’s rally has been fuelled by strong safe-haven demand, aggressive central bank purchases, a weakening rupee, and expectations of further rate cuts by the US Federal Reserve.

Other metal silver and platinum also followed the upward trajectory. Unlike from gold, silver has an industrial use with experts indicating supply-demand deficit and positive gold-to-silver ratio.

Varun Yadav

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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Wealth outlook: India set for multi-trillion-dollar expansion; MoSL sees $12 trillion value boost ahead – The Times of India

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Wealth outlook: India set for multi-trillion-dollar expansion; MoSL sees  trillion value boost ahead – The Times of India


India is poised to enter a decisive phase of economic expansion that could redefine long-term wealth creation, according to Motilal Oswal Financial Services’ 30th Wealth Creation Study, which projects a sharp acceleration in the country’s economic and consumption landscape over the next 17 years, ANI reported.The study draws a parallel with the last growth cycle, when India’s GDP expanded fourfold from $1 trillion in 2008 to $4 trillion in 2025, and says a similar trajectory could take the economy to $16 trillion by 2042. Unlike the previous phase, which added $3 trillion in absolute GDP, the next leg is expected to add $12 trillion, signalling what the brokerage terms a much stronger wealth-effect that could significantly lift consumption, investment and corporate profitability.A major pillar of this expansion is expected to be the financial services ecosystem, with cumulative household savings estimated at $47 trillion over the period. Banks, NBFCs, insurers, AMCs, wealth managers, capital market platforms and other intermediaries are expected to play a central role in channelling these savings into productive financial assets as households move further towards formal wealth creation avenues.Per capita income, currently around $2,600, is projected to quadruple to $10,400 by 2042, pushing millions of Indians into higher consumption brackets. The study says this transition will strengthen discretionary categories including white goods, food-tech platforms, quick commerce, healthcare, travel, telecom and allied services, accelerating the shift from necessity spending to lifestyle-driven consumption.On automobiles, MoSL highlights significant headroom for growth. Penetration levels of cars, SUVs, two-wheelers and three-wheelers remain well below those of peer economies with similar income levels. As affordability improves and financing deepens, ownership ratios are expected to rise across cities and semi-urban markets.Real estate is also set to be a key beneficiary, with strong demand expected for credible developers, particularly in the premium and luxury segments. Rising household wealth, better affordability and higher preference for quality housing are likely to sustain sectoral momentum.Overall, the study notes that the next 17 years could mark a step-change in India’s economic and wealth trajectory. With expansion taking place on a much larger base, the impact of the wealth-effect is expected to be far deeper than previous cycles, creating long-term opportunities across financial services, consumption-led industries, automobiles and real estate.



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Work-life balance push: Right to Disconnect Bill sparks corporate debate; firms say boundaries help but flexibility key – The Times of India

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Work-life balance push: Right to Disconnect Bill sparks corporate debate; firms say boundaries help but flexibility key – The Times of India


The Right to Disconnect Bill, 2025 — a private member’s bill introduced in Parliament last week — has reopened the conversation on work-life boundaries, even though experts say it is unlikely to become law anytime soon. The legislation, moved by NCP MP Supriya Sule, proposes giving employees the legal right to ignore work-related communication outside designated working hours. While private member’s bills seldom translate into statutes, they often succeed in spotlighting issues of public concern — and this one has already triggered strong reactions across India Inc, according to an ET report.Executives at Mercedes-Benz India, RPG Group, Bombay Realty (Wadia Group), Grant Thornton Bharat, TeamLease Services and Randstad India said the move underlines a growing cultural shift toward employee well-being. Several countries including France, Belgium, Ireland and Australia have already enacted similar rights, experts noted. “Its stated intent is broadly aligned with our approach to employee well-being in a holistic manner,” an RPG Group spokesperson told ET. The conglomerate has implemented flexible hours, hybrid models and firm boundaries such as CEAT’s 8 pm–8 am no-work window, no-work weekends and silent lunch hours. “We believe a happy work environment leads to happy employees, who in turn will deliver their best,” the spokesperson said, ET quoted.Mercedes-Benz India MD and CEO Santosh Iyer said the company’s hybrid working model — allowing employees to work from home twice a week — supports “quality time with family members” while maintaining accountability. “There is higher trust in hybrid culture,” he added. Randstad India CEO Viswanath PS described the proposed law as a “coming of age” moment for the Indian workforce. “This invites us to dismantle the ‘always-on’ habit,” he said, arguing that leadership must shift focus from “input metrics” like hours worked to “impact metrics”.Grant Thornton Bharat partner Priyanka Gulati said conversations with about 20 client organisations across sectors show broad support for clearer boundaries. “Self-accountability is more powerful in mature organisations where employees measure their energy, not just their hours,” she said. At the same time, she noted that companies expect employees to stretch when business demands it. TeamLease Digital CEO Neeti Sharma said defined hours — 9 am to 6 pm, Monday to Friday — act as a helpful baseline, particularly for dispersed teams. “Companies also need flexibility for global collaboration, time zones and project-based work,” she said.Experts stressed that young professionals often hesitate to say no, which makes clearer norms important. Lydia Naik, Group CHRO at Bombay Realty (Wadia Group), said there is “no one-size-fits-all” for work hours. “What truly matters is the quality of work, personal balance and ensuring workloads are realistic,” she said. Despite the bill’s uncertain legislative future, the renewed debate suggests a shift in how Indian workplaces view well-being, productivity and boundaries — with corporate India acknowledging that the era of being perpetually “online” may be nearing its end.



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Stanbik Agro IPO: Ahmedabad-Based Fruit Supplier Launches Rs 12.28-Crore SME IPO

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Stanbik Agro IPO: Ahmedabad-Based Fruit Supplier Launches Rs 12.28-Crore SME IPO


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Stanbik operates seven retail stores in Gujarat, all run from leased premises including its registered office, godowns and agricultural lands.

Stanbik Agro IPO.

Stanbik Agro IPO: Ahmedabad-based fresh fruits and vegetables supplier Stanbik Agro Ltd, led by father-son duo Ashok and Chirag Prajapati, has launched a Rs 12.28-crore SME IPO to fuel a major retail push across Gujarat. The issue opened on December 12 and will close on December 16.

Incorporated in 2021, the company plans to use the proceeds to open 20 new outlets and strengthen working capital as it scales its farm-to-market model. Currently, Stanbik operates seven retail stores — one in Gandhinagar and six in Ahmedabad’s Chandranagar, Odhav, Narol, Vejalpur and Vasna areas — all run from leased premises, including its registered office, godowns and agricultural lands.

Managing director Ashok Prajapati, 48, said the listing marks a key step in professionalising the business. “With time, one need to change and set up new systems if one needs to expand the business. The listing will enhance our company’s corporate image, brand name and create a public market for its Equity Shares in India. It will also make future financing easier and affordable in case of expansion or diversification of the business. Further, listing attracts interest from institutional investors as well as foreign institutional investors,” he said, according to businessline.

Post-issue, promoter holding will fall from 98.92 per cent to 68.54 per cent.

20 New Outlets, All Within 30 Km of Ahmedabad

Stanbik plans to open 20 new retail stores — 15 in Ahmedabad and five across other parts of Gujarat — each with a built-up area of about 900 to 1,000 sq.ft. Prajapati said the expansion will remain geographically tight to protect product quality and logistics efficiency.

“We plan to set up the new retail outlets within a 30 kilometer radius of Ahmedabad. Fruits and vegetables being perishable items, we want to restrict ourselves to a network which is closer to our supply chain in Ahmedabad. We source fruits and vegetables from farmers and APMCs in Gujarat, Rajasthan and Maharashtra,” he said.

Nearly 100% Revenue Growth in FY25

Stanbik Agro posted Rs 52.5 crore in revenue from operations in FY 2025, a sharp 98 per cent jump from Rs 26.5 crore in FY 2024. Net profit stood at Rs 3.74 crore for the year.

Beyond retail customers, the company supplies fruits and vegetables to wholesalers, traders and institutional buyers, and also services bulk orders on major B2B e-commerce platforms. It has additionally entered into arrangements with farmers for contract farming of crops such as sesame, cumin and cotton.

As of November 30, 2025, its order book stood at Rs 16 crore, consisting of confirmed purchase orders expected to be fulfilled within the current financial year.

Competition Remains Tough

Despite strong growth, the company acknowledges the competitive pressures it faces. In its prospectus, Stanbik notes that it competes with large agribusinesses and multinational supply-chain players equipped with advanced logistics, cold-storage infrastructure and expansive distribution networks.

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