FCA News

Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee.

Gold reserves during the week declined by USD 350 million to USD 47.739 billion.

In 2022, India's forex kitty slumped USD 71 billion cumulatively. Gold reserves during the week, however, declined by USD 102 million to USD 474.74 billion.

India's foreign exchange has risen by over USD 2.5 bn to record high of USD 575.290 bn The forex reserves increased to USD 575.290 billion from USD 572.771 billion reported for the week ended November 13. India`s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs)

Chinese automaker Great Wall Motor Co Ltd reiterated its interest in Fiat Chrysler Automobiles NV on Tuesday, but said it had not held talks or signed a deal with executives at the Italian-American automaker.

Fiat Chrysler Automobiles (FCA) India has opened bookings for its upcoming sports utility vehicle Jeep Compass.

Fiat Chrysler Automobiles (FCA) is recalling 297,000 older minivans in North America because of a wiring problem that can lead to inadvertent air bag deployments, the company said on Thursday.

Fiat India Automobiles Pvt. Ltd. (FIAPL) on Tuesday said it will roll out its first ever, 'Made-in- India' Jeep Compass production vehicle from the assembly line in Ranjangaon near Pune on June 1.

Auto maker FCA India on Wednesday said it is all set to roll out locally manufactured Jeep Compass SUV from its Ranjangaon manufacturing plant by June this year.

Barclays today confirmed it was under investigation along with its CEO Jes Staley over his attempts to uncover the identity of a whistleblower within the British financial giant.

The forex kitty had increased by $ 1.15 billion to $ 367.93 billion in the previous reporting week.

India's foreign exchange reserves declined by USD 935.2 million to USD 359.671 billion in the week to December 23 on account of fall in foreign currency assets, the Reserve Bank said on Friday.

Foreign exchange reserves hit a life-time high of USD 363.8 billion after it rose USD 592.1 million in the week ended June 17, the Reserve Bank said on Friday.

The Financial Conduct Authority said Barclays rushed through a huge 1.88-billion pounds transaction in order to secure fees from a number of very rich customers.

GM is being advised by Goldman Sachs, while FCA is working with UBS on the matter, several sources said, with one adding that Morgan Stanley was also working with GM. 

The rise in exchange reserves was mainly on account of a $1.4 billion jump in the foreign currency assets (FCAs) which stood at $320 billion, data released by the RBI showed.

FCA said in an announcement released late Thursday the scheme will pay bonuses to autoworkers tied to "productivity, quality and profitability targets established in the 2015-2018 business plan." 

"A £500-million provision has been recognised relating to ongoing investigations into foreign exchange with certain regulatory authorities," the London-listed lender revealed in a statement.

Fiat Chrysler Automobiles (FCA) said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion convertible bond issue to help fund its ambitious business plan.

The rest of the new Ferrari shares will be distributed to group shareholders.