Business
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Sensex, Nifty fall as banks drag and crude rises
The HinduArchived
Indian equity benchmarks declined on August 7 as selling in banking and financial stocks outweighed gains in parts of IT and autos. Midday trade reports showed the Sensex down hundreds of points and the Nifty below 24,600. Elevated Brent crude above $83 a barrel and caution ahead
Lok Sabha clears MSME delayed payments bill without debate
The HinduArchived
The Lok Sabha on August 7 passed the Micro, Small and Medium Enterprises Development Amendment Bill, 2026, without debate amid Opposition protests. Rajya Sabha had cleared it on August 3, so Parliament has now approved the legislation. It focuses on delayed payments through faste
Lok Sabha passes taxation amendment bill amid din
The HinduArchived
Finance Minister Nirmala Sitharaman moved the Taxation and Other Laws Amendment Bill, 2026, in the Lok Sabha, which passed it amid din without discussion. The bill replaces a June 5 Income-tax Amendment Ordinance and amends income-tax, finance and payment-settlement laws. It incl
National Handloom Day marks weavers' global push
The HinduArchived
India marked National Handloom Day on August 7, commemorating the launch of the 1905 Swadeshi Movement on the same date. Officials said the sector supports more than 35 lakh weavers and allied workers, over 72 percent of them women. Textile Minister Giriraj Singh described handlo
Handloom urged as India's next growth story
The HinduArchived
An op-ed ahead of National Handloom Day on August 7 argues India should treat handloom as a strategic sector. The country has more than 35 lakh weavers, women form about 70 percent of the workforce, and handloom supplies roughly 15 percent of cloth. The piece urges GI branding. I
RBI governor says consumers already bear UPI costs
Times of IndiaArchived
RBI Governor Sanjay Malhotra said consumers already bear UPI costs through the broader economy even when merchants face no explicit fee. He called enabling merchant charges very premature and said the focus remains strengthening payments infrastructure. The goal cited is about 80
Sensex, Nifty open higher on Reliance and softer crude
The HinduArchived
Indian equity benchmarks opened higher on August 6, with the Sensex up 201.43 points at 78,782.43 and the Nifty up 16.35 points at 24,641. Gains were led by Reliance Industries and other heavyweights as Brent crude eased to about 79.35 dollars a barrel. Asian cues were mixed to w
Air India names Tewolde Gebremariam as new CEO
Economic TimesArchived
Air India on August 5 appointed former Ethiopian Airlines Group CEO Tewolde Gebremariam as CEO and Managing Director, succeeding Campbell Wilson. Gebremariam led Ethiopian for over a decade, growing revenue more than fourfold and nearly tripling the airline fleet size. Exact onbo
SIAM withdraws letter on E20 chloride concerns
The HinduArchived
On the night of August 4, SIAM withdrew an earlier letter to the Ministry of Petroleum and Natural Gas that had flagged chloride-related corrosion concerns with E20 fuel. The earlier letter cited part failures and chloride levels of about 500 mg/kg and sought limits. SIAM later s
RBI holds repo rate steady at 5.25 percent
The HinduArchived
The RBI Monetary Policy Committee on August 5 unanimously kept the repo rate unchanged at 5.25 percent, with the SDF, MSF and bank rate corridor intact under a neutral stance. Governor Sanjay Malhotra projected GDP growth at 6.7 percent and CPI at 5 percent for 2026-27. June CPI
Policy day focus follows oil-led market rebound
The HinduArchived
Early gains tied to cheaper oil and foreign inflows show how energy prices and global risk mood still steer Indian equities before domestic policy cues. Asian markets also rose, with South Korea's KOSPI up about 4%. Softer crude and a firmer rupee narrative can extend the bounce
RBI holds repo rate steady at 5.25 percent
Times of IndiaArchived
The Reserve Bank of India kept the repo rate unchanged at 5.25% as the Monetary Policy Committee retained a neutral stance unanimously under Governor Sanjay Malhotra. It raised the FY27 GDP growth forecast to 6.7% and lowered the CPI inflation projection to 5%, citing global unce
Air India flight hits turbulence, twelve people injured
Telegraph IndiaArchived
Air India flight AI2379 from Phuket to Delhi experienced mid-air turbulence during cruise, resulting in a sudden change in altitude, the airline said. Ten passengers and two cabin crew members suffered injuries, though none were reported serious. The aircraft landed safely in Del
Nifty swings 200 points on new closing auction debut
MoneycontrolArchived
India's new Closing Auction System made its market debut on August 3, and the Nifty 50 swung more than 200 points in the final five minutes of trade. The index closed 1.6 percent higher at 24,774, while the Sensex rose a more modest 0.7 percent to 78,639 on the same trading day.
Government to sell 6.5 percent LIC stake via OFS
NDTVArchived
The government will divest up to 6.5 percent of its stake in Life Insurance Corporation through an offer for sale at a floor price of Rs 382 per share. The two day sale opens for non retail investors on Tuesday and retail investors on Wednesday, potentially raising about Rs 31,00
Kerala flash floods cripple trading sector merchant body says
The HinduArchived
The Kerala Merchants Chamber of Commerce said on August 3 that flash floods delivered a crippling blow to the state's trading sector. President P. Niazar said hundreds of firms reported damages running into crores, with traders who stocked for Onam among the worst hit. Small trad
United States intervenes to prop up falling yen
The GuardianArchived
The United States has bought Japanese yen to strengthen the currency in a coordinated intervention with Japan's government, marking the first such US move in nearly thirty years. President Donald Trump confirmed on August 3 that the treasury purchased billions of dollars worth of
Bhogapuram airport cargo hub to boost exports
The HinduArchived
Alluri Sitarama Raju International Airport at Bhogapuram has a 5,000 square metre cargo terminal handling 25,000 metric tonnes yearly. Prime Minister Narendra Modi inaugurated the airport in Vizianagaram district on August 1. Officials said the facility will benefit pharmaceutica
FPIs pump Rs 20,200 crore into Indian equities in July
The HinduArchived
Foreign Portfolio Investors turned net buyers of Indian equities in July, investing Rs 20,200 crore after four months of selling worth Rs 49,340 crore in June and Rs 1.17 lakh crore in March. FPIs invested Rs 29,212 crore in debt through the general route and Rs 3,033 crore via t
Zepto to raise funds via pre-IPO placement
MoneycontrolArchived
Quick commerce company Zepto will raise capital through a pre-IPO private placement with existing major shareholders before proceeding with its planned public listing. The company holds Rs 5,681 crore in cash and no debt as of March 31, 2026. Zepto plans to update its draft red h
Samudra Manthan explained for energy watchers
The HinduArchived
India imports more than 80 percent of its crude, making offshore discoveries a priority for energy security. Samudra Manthan commits Rs 84,084 crore through FY2030-31 specifically for deepwater blocks where drilling is costlier and technically harder than onshore fields. The sche
RBI mobilises $40.8 billion under forex swap facility
The HinduArchived
The Reserve Bank of India said $40.816 billion was mobilised under its forex swap facility by July 31, 2026, including $36.725 billion through the FCNR(B) deposit scheme. The facility opened on June 8 to manage dollar liquidity and support the rupee. The figure shows strong uptak
GSM Foils shares plunge after MD shooting
Economic TimesArchived
GSM Foils shares fell 20 percent to Rs 192 on NSE on August 1 after the company said MD Mohansingh Parmar was injured in a July 24 firing at its Vasai-Virar premises and remains stable. Whole time director Sagar Bhanushali was taken into police custody. The exchange filing arrive
GSM Foils chairman held for plot to kill MD
Times of IndiaArchived
Waliv police arrested GSM Foils chairman Sagar Bhanusali and six others for an attempted murder plot against managing director Mohansingh Parmar on July 24 at the company's Vasai premises. Police said Bhanusali wanted to avoid repaying about Rs 32 crore from a stake sale and alle
Modi inaugurates Rs 5000 crore Bhogapuram airport
Times of IndiaArchived
Prime Minister Narendra Modi on August 1 inaugurated the Alluri Sitarama Raju International Airport at Bhogapuram in Andhra Pradesh's Vizianagaram district, a nearly Rs 5,000 crore GMR Group project. Phase one targets six million passengers annually, with commercial operations sc
CBI books 2 officials for Rs 19.33 crore PF fraud
Hindustan TimesArchived
The CBI booked two officials of a telecom firm for allegedly enabling fraudulent withdrawal of provident fund money worth Rs 19.33 crore. Nokia Solutions & Networks India Pvt Ltd had filed a complaint with the EPFO in January 2025 after an internal probe found the two employees,
Supreme Court stays NSEI public authority RTI ruling
The HinduArchived
Supreme Court on July 31 stayed a Delhi High Court order that held the National Stock Exchange of India is a public authority under the RTI Act. Justices Vikram Nath and Sandeep Mehta agreed to hear NSEI's petition and sought responses from the Central Information Commission. The
Ministers cite different E20 mileage drop figures
Times of IndiaArchived
Road transport ministry told Lok Sabha on July 30 that BS III, BS IV, and BS VI vehicles designed for E10 may see efficiency drop by 2 to 6 percent on E20 petrol. Petroleum ministry told Rajya Sabha on July 20 that reduction in older E10 vehicles is about 3 to 5 percent. Both cit
Gadkari says E20 can cut fuel economy 2-6 percent
The HinduArchived
Union minister Nitin Gadkari told the Lok Sabha on July 30 that E20 petrol can reduce fuel economy by 2 to 6 percent. He addressed growing public concerns about mileage and engine compatibility with higher ethanol blends at pumps nationwide. Officials maintain that studies show n
Centre defends E20 fuel safety in Lok Sabha reply
TelegraphArchived
The centre defended E20 fuel safety in the Lok Sabha on July 30, citing multiple laboratory studies confirming vehicle compatibility. Union minister Suresh Gopi responded to questions about ethanol blending during a parliamentary session on fuel policy. Officials said research su)
Top ten Indians hold fifth of Rs 104 trn wealth
Business StandardArchived
A 360 One and Crisil report finds 3,040 Indians worth Rs 425 crore or more collectively hold Rs 104 trillion, Business Standard reported. The top ten alone control Rs 19.72 trillion, roughly 19 percent of that pool. The bottom half of 1,520 people hold about 9 percent. Women numb
Sensex opens lower then trades flat on Iran risk
NDTVArchived
Indian benchmarks opened weaker on July 30 with the Sensex down about 115 points and the Nifty off roughly 35 amid fresh US-Iran tensions, NDTV live updates showed. Oil price moves and geopolitical risk weighed on sentiment before both indices later traded flat through the sessio
Sensex and Nifty rise led by IT stocks
The HinduArchived
Indian equities opened higher on July 30 with the Sensex up 75.71 points to 77,726.62 and the Nifty gaining 26.90 to 24,275.85 in early trade, The Hindu reported. IT leaders Infosys, Tech Mahindra, HCL Technologies and TCS led gains. Foreign investors bought Rs 2,981.87 crore of
Gadkari says E20 petrol poses no major durability issues
Times of IndiaArchived
Union minister Nitin Gadkari told the Rajya Sabha on July 29 that E20 petrol shows no significant durability issues according to studies by Indian Oil Corporation and ARAI. He addressed growing concerns about vehicle mileage and engine compatibility with higher ethanol blends. Of
RBI Governor calls rupee undervalued, not overvalued
The HinduArchived
Reserve Bank of India Governor Sanjay Malhotra reiterated that the rupee is undervalued in both nominal and real effective exchange rate terms, adding that the central bank does not target a specific exchange rate or band. The rupee has depreciated 5.8 percent this year amid elevGovernment finds no major issues with E20 petrol
Times of IndiaArchived
The government told the Rajya Sabha that a joint study by IOCL, the Indian Institute of Petroleum, SIAM and ARAI found no significant performance or durability issues in vehicles running on E20 petrol. Minister Nitin Gadkari said legacy vehicles showed no abnormal wear, though BS
Oil prices fall on hopes of US-Iran breakthrough
Times of IndiaArchived
Oil prices extended losses on Tuesday, with Brent crude falling to 86.89 dollars a barrel and US WTI crude to 81.16 dollars, both one week lows, as hopes of a US-Iran diplomatic breakthrough eased fears over supply disruptions. Both benchmarks had tumbled about 8 percent in the p
Sensex, Nifty end flat amid cautious global mood
The HinduArchived
Benchmark indices Sensex and Nifty ended flat on Tuesday as investor sentiment turned cautious ahead of central bank policy meetings and a selloff across Asian markets. The Sensex dipped 69.86 points, or 0.09 percent, to settle at 76,765.92, while the Nifty slipped 10.60 points t
HDFC Bank penalises CEO over deposit dealings
Business StandardArchived
HDFC Bank's board issued warning letters and a Rs 1 lakh penalty each to CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan and retail head Arvind Vohra on Monday. The action follows a review of the bank's 2017 and 2021 deposit deals with the Maharashtra State Road Development
Oil prices fall sharply as US, Iran pause strikes
BBCArchived
Brent crude fell more than 9 percent at one point to $87.59 a barrel on Monday before settling near $90.60, a sharp reversal from above $100 the previous week. The drop followed a second night without US strikes on Iran, described by officials as giving talks room to proceed. Ira
Sensex jumps as oil prices fall on Iran pause
NDTVArchived
Indian equity benchmarks rose on July 27 after oil prices fell following the US-Iran pause in strikes. The Sensex closed about 776 points higher while the Nifty gained around 228 points. The rupee opened 44 paise stronger at 96.13 against the dollar, compared with Friday's close
RBI says banks mobilised near 32 billion dollars via FCNR
The HinduArchived
RBI Governor Sanjay Malhotra said banks have mobilised nearly 32 billion dollars, largely through Foreign Currency Non-Resident deposits, while foreign investment in government securities has crossed 7 billion dollars since June policy measures. He dismissed concerns that inflows
Sensex jumps 566 points as crude oil price falls
The HinduArchived
The BSE Sensex jumped 566 points to over 76,600 and the Nifty rose past 23,900 in early trade Monday after crude oil prices fell sharply. Brent crude dropped 4 percent to under 93 dollars a barrel following the pause in US-Iran strikes. InterGlobe Aviation, Infosys and Asian Pain
Brent crude tops $100 as two chokepoints tighten
OilPrice.comArchived
Brent crude rose past $100 per barrel this week after reports of Houthi strikes on two Saudi tankers in the Bab el-Mandeb Strait. Ukrainian drone strikes on Russia's Novorossiya port also forced Kazakhstan to suspend most of its oil exports through the Caspian Pipeline System. Gl
Mahindra's Anish Shah wins Business Leader of Year
NDTVArchived
NDTV Profit honoured business leaders and companies across sectors at its 2026 Business Leadership Awards on Sunday. Mahindra Group CEO Dr Anish Shah won the Business Leader of the Year award. State Bank of India took the Financial Powerhouse of the Year PSU honour, while Delhive
REITs REIT mutual funds and property tax compared
LivemintArchived
A guide compares listed REITs, REIT mutual funds and physical property on capital gains holding periods, tax deducted at source and post-tax returns. Each route taxes gains and income differently, so identical rental exposure can produce different net outcomes. Investors weighing
EPF corpus stays tax free after five continuous years
LivemintArchived
Employees' Provident Fund withdrawals can remain tax free after five years of continuous service under current rules explained this week. Early withdrawals generally become taxable except for specified reasons such as serious illness or employer closure. Tax deducted at source ap
Twelve plus IPOs aim for Rs 25000 crore August haul
MoneycontrolArchived
More than twelve initial public offerings may raise about Rs 25,000 crore in August, led by Zepto at roughly Rs 8,010 crore, Truhome Finance near Rs 3,000 crore and Shiprocket around Rs 2,342 crore. Thirty-six IPOs have already hit markets in 2026, signalling a crowded calendar f
Sensex and Nifty fall for fifth session
The HinduArchived
On July 24 the Sensex fell zero point four three percent to seventy-six thousand fifty-nine. The Nifty lost one hundred two points to twenty-three thousand seven hundred sixty-seven. West Asia oil moves and US tariff fears weighed on investor sentiment. FIIs sold nearly three tho
Gold holds near 4050 dollars as oil prices retreat
KitcoArchived
Spot gold traded near 4,052 dollars an ounce on July 24, up 0.08 percent, while silver rose 0.87 percent, Kitco reported. US equities closed mixed with the Dow up 0.5 percent and Nasdaq down 0.6 percent. Brent crude fell to 96 dollars 78 cents from above 102 as peace talk reports