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India’s Foreign Exchange Witness A Surge Of USD 681.7 Billion

India's foreign exchange reserves have recently witnessed a surge of USD 681.688 billion, following an increase of USD 7.023 billion during the week ending August 23. Reports Reserve bank of India. As per the latest RBI data, India's foreign currency assets (FCA), the largest component of forex reserves, rose by...

Nokia To Merge With Infinera To Boost Optical Network Business And Tech Capabilities

Nokia, the Finnish telecom gain has recently announced its plans to acquire the optical transmission equipment provider Infinera of San Jose, estimated for a total of 2.3 billion USD. Nokia set the acquisiton price to be $6.65 per equity share on June 26, representing a 28 per cent premium over...