Business

June 3, 2026 6:22 AM

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Government to replace Wholesale Price Index with Producer Price Index system

The government has decided to gradually phase out the Wholesale Price Index (WPI) and replace it with a comprehensive Producer Price Index (PPI) system. The decision was taken to modernise country's inflation and pricing data framework and align it with global best practices.    The Commerce and Ind...

June 2, 2026 8:17 PM

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Gold, silver prices up

  In the Indian bullion market, 24 carat Gold was trading 0.8 per cent up at 1 lakh 60 thousand 470 rupees per 10 grams, while Silver was trading over 1.4 per cent up at 2 lakh 71 thousand 110 rupees per kilogram, a short while ago.  At the Multi Commodity Exchange, gold for June contract was tradin...

June 2, 2026 7:37 PM

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23.20 billion transaction counts in UPI during previous month 

  Unified Payments Interface (UPI) has achieved 23.20 billion transaction counts in the last month. In a social media post, the Department of Financial Services thanked the citizens for embracing digital payments. UPI has emerged as the world's largest real-time payments platform, anchoring country'...

June 2, 2026 8:08 PM

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Oil prices down

         Global crude oil prices fell today, paring the previous session's ​sharp gains. Brent crude was trading 1.1 per cent down at 93 US dollars and 95 cents per barrel in intra-day trade. West Texas Intermediate crude was also trading one per cent down at 91 US dollars and 22 cents per barrel wh...

June 2, 2026 7:28 PM

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Rupee depreciates by 27 paise to close at 95.26 against US dollar

In the forex market today, the rupee depreciated by 27 paise to close at 95 rupees and 26 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 99.11 in intra-day trade.  

June 2, 2026 5:29 PM

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Domestic markets end in gains

  Benchmark domestic equity indices rebounded today and closed around half a per cent higher. The BSE Sensex rose 383 points to close at 74 thousand 650. The NSE Nifty gained 101 points to settle at 23 thousand and 484. The broader market at the National Stock Exchange also ended in positive zone. T...

May 30, 2026 6:37 AM

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DFS Secretary reviews performance of Public Sector Banks in New Delhi

Secretary, Department of Financial Services, M. Nagaraju, chaired a review meeting in New Delhi yesterday to assess the performance and progress of Public Sector Banks across key operational, financial and strategic priorities during the financial year 2025-26. The Finance Ministry said that the per...

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