Business

August 5, 2025 12:35 PM

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UPI Sets New Record with 707 Million Daily Transactions

The daily unified payments interface (UPI)-based transactions have crossed 700 million for the first time, touching 707 million. In a latest report released by the National Payments Corporation of India (NPCI), it showed that the feat was achieved on the 2nd of this month. Over the past two years, t...

August 4, 2025 7:54 AM

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India’s smartphone exports hit record high in 1st quarter of FY 2025-26

India’s smartphone exports hit a record high in the first quarter of the financial year 2025-26, with shipments reaching 7.72 billion dollars, a 58 per cent increase from 4.9 billion dollars in the same period last year. According to reports, Apple Inc. led the surge, exporting 6 billion dollars wor...

August 1, 2025 9:51 PM

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India’s Forex reserves surge to more than 2.7 bn dollars in July

India's foreign exchange reserves rose more than 2.7 billion dollars, reaching over 698.19 billion dollars in the week ending on 25th of July. According to the Weekly Statistical Supplement released by the Reserve Bank of India, during the last week, foreign currency assets, a major component of the...

August 1, 2025 6:37 PM

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US stocks end with cuts

US stocks failed to hold onto an earlier rally and ended with cuts on Thursday. The Dow Jones Industrial Average dropped around over 0.7 per cent, S&P 500 ended more than 0.3 per cent down, while Nasdaq Composite Index ended flat.

August 1, 2025 6:13 PM

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Asian, European indices down amid US’s modified reciprocal tariffs

  Major Asian stock indices ended down today following US President Donald Trump's modified reciprocal tariffs on several countries. South Korea's Kospi index plunged over 3.8 per cent weighed down by government's tax reform plans and lingering trade uncertainties, Hong Kong's Hang Seng index lost o...

August 1, 2025 6:31 PM

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Gold prices flat, Silver down

In the Indian Bullion Market, 24 Karat Gold was trading nearly flat at 98,780 rupees per 10 grams, while Silver was also trading over half per cent down at 1,09,690 rupees per kilogram a short while ago.         At the Multi Commodity Exchange, gold for the August contract was trading over 0.3 per c...

August 1, 2025 6:28 PM

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Oil prices down

 Crude oil prices edged down today. Brent Crude was trading 0.8 per cent down at 71 dollars and 13 cents per barrel, and WTI Crude was also trading 0.8 per cent down at 68 dollars and 71 cents per barrel, when reports last came in.

August 1, 2025 5:54 PM

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Rupee depreciates by 05 paise against US dollar

In the foreign exchange market, the rupee today appreciated by five paise to settle at 87 rupees and 54 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 100.09 in intra-day trade.

August 1, 2025 5:22 PM

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Sensex, Nifty end in negative territory

Benchmark domestic equity indices today ended month's first trading session in negative territory. Concerns over US President Donald Trump’s tariff and persistent foreign fund outflows weighed on investors' sentiment. Sensex shed 586 points, or 0.72 per cent to close at 80 thousand 600. Nifty fell 2...

July 31, 2025 8:55 AM

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New banking laws to come into effect from August 1

The Banking Laws (Amendment) Act, 2025, aimed at improving governance standards in the banking sector and ensuring enhanced protection for depositors and investors, will come into effect from August 1. The Finance Ministry said that the Act, notified on April 15 this year, also seeks to improve audi...