Forex kitty

Mumbai, Oct. 27: India is among the world’s five biggest holders of foreign exchange reserves as it added about $4.5 billion last week to take the kitty to $261 billion. The country moved past South Korea, which had $257 billion in forex reserves by September-end, to stand at the fifth spot. China leads the pack with $1,434 billion, followed by Japan ($946 billion), Russia ($440 billion) and Taiwan ($263 billion). India’s foreign exchange reserves increased by about $4.5 billion during the week ended October 19.

Patent row

New Delhi, Oct. 27: Bajaj Auto has said it will take all the necessary steps to protect its intellectual property rights in the ongoing patent row with tvs Motor. Tvs and Bajaj Auto have been at loggerheads over the latter’s digital twin-spark ignition technology.