Business

The Reserve Bank of India has rejected Tata Sons’ application to surrender its core investment company registration, effectively forcing the Tata Group’s holding company to comply with mandatory listing requirements.

The Ministry of External Affairs clarified that there is no proposal for a common BRICS currency at present, though discussions on trade in local currencies continue. MEA official Sudhakar Dalela highlighted that local currency settlements can reduce transaction costs and complement global payment systems.

Bank of Baroda has launched bob World 2.0, an AI-powered mobile banking application featuring voice-enabled payments, personal financial management, hyper-personalisation and enhanced security. The app forms the foundation for an omnichannel digital banking ecosystem across mobile and internet platforms

Zomato has begun charging customers Rs 5 to Rs 20 for choosing cash on delivery, adding a new payment-related fee amid intensifying competition. The charge is separate from platform and packaging fees, while online payments remain exempt

Indian equity benchmarks ended lower for the fifth straight week, with the Nifty falling 2.09 per cent and Sensex 2.27 per cent. Surging crude oil prices, global interest-rate concerns, foreign selling and geopolitical risks weighed on market sentiment during the week

SBI Research has recommended two 25-basis-point RBI rate hikes by December, citing elevated global oil and commodity prices and early signs of inflation generalisation. It warned consumer inflation could approach 6.5 per cent or higher if oil remains elevated.

SEBI is likely to issue a consultation paper proposing changes to derivative settlement price calculations under the Closing Auction Session. The move comes amid concerns over expiry-day volatility, unpredictable execution and limited auction participation, according to a report

DeepTech startups need a different playbook and a longer view, with early-stage focus on technological progress, validation and intellectual property

The rupee fell 5 paise to settle at 95.57 against the US dollar, extending its losing streak to five sessions. Risk aversion, elevated crude oil prices and geopolitical tensions weighed on sentiment, while suspected RBI intervention helped pare initial losses

Banking services at public sector banks across India were affected on Friday as employees observed a nationwide strike called by the UFBU. The unions are demanding a five-day workweek, pension-related changes and other pending wage and service issues

The rupee depreciated 27 paise to 95.79 against the US dollar in early trade on Friday, pressured by elevated crude prices and foreign portfolio outflows. Rising global yields also weighed on the currency despite strong reserves and domestic economic growth

Indian equity benchmarks opened sharply lower on Friday, with the Sensex falling nearly 600 points and the Nifty dropping below 23,300. Rising crude prices, Middle East tensions, higher US bond yields and weak global markets weighed on investor sentiment

NSE has fixed a price band of Rs 1,700-1,785 per share for its IPO, which opens on September 17. The Rs 22,569-crore offering, entirely an OFS, will be India's second-largest public issue after Hyundai Motor India's 2024 IPO

India faces a diplomatic paradox: it wants BRICS to become a stronger voice for the Global South without allowing it to become an anti-US/anti-Western bloc dominated by China and Russia

RBI Governor Sanjay Malhotra and Sebi Chairman Tuhin Kanta Pandey launched India’s first tokenised corporate bond pilot at Global Fintech Fest 2026. The initiative combines CBDC and blockchain technology and could eventually cover equities, mutual funds and other assets.

The rupee fell 25 paise to 95.33 against the US dollar in early trade as Brent crude crossed USD 100 per barrel. Elevated oil prices, persistent dollar demand and global tensions raised concerns over India’s import bill and currency

Gold and silver prices showed a mixed trend in domestic trade on Thursday as investors awaited US inflation data and the Federal Reserve’s policy decision. MCX gold gained after opening lower, while silver declined. Analysts maintained a cautious near-term outlook for both metals

NPCI has launched e-NACH Lite at the Global Fintech Fest 2026 in Mumbai, eliminating the need for clunky web pages in auto-debit mandate setups. Meanwhile, Hyderabad-based Viyona Fintech India Private Limited has already built and tested the system, enabling banks and lenders to onboard seamlessly from day one.

Global crude oil prices rose nearly 2 per cent, with Brent crossing $100 a barrel, amid escalating Iran-US attacks on shipping near the Strait of Hormuz. Disrupted oil flows boosted bullish sentiment, while analysts warned of possible short-term correction after the rally

It may seem unusual that India, a country where hundreds of millions of citizens lacked access to formal banking as recently as 15 years ago, could build a payment infrastructure that many of the world’s wealthiest economies have yet to match

Apple’s iPhone 17 series has set a record with over $170 billion in global wholesale revenue during its first year of sales, surpassing the iPhone 16 series by 11%. Strong demand for the base iPhone 17, robust upgrades, and China’s 35% revenue surge were key drivers.

The rupee fell 34 paise to 95.08 against the US dollar as Brent crude crossed USD 100 a barrel amid escalating US-Iran tensions. Weak equities, FII outflows and risk aversion also weighed on the Indian currency on Wednesday

India's state-owned fuel retailers are facing losses on petrol and diesel sales as crude oil prices cross USD 100 a barrel amid West Asia tensions. Higher oil prices could widen India's import bill, pressure the rupee and add to inflation

Adani Ports has received the Letter of Award to develop and operate two dry bulk berths at Paradip Port in Odisha. The project will add 18 million metric tonnes of capacity and support APSEZ's goal of reaching 1 billion tonnes by 2030