Business

Gold futures climbed Rs 1,272 to Rs 1.50 lakh per 10 grams on the Multi Commodity Exchange as traders created fresh positions amid firm spot demand. Globally, gold futures also advanced more than 1 per cent in New York

FSSAI has penalised AWL Agri Business Ltd for manufacturing and selling substandard fortified sunflower cooking oil under the Fortune brand. A Goa sample failed laboratory tests due to inadequate Vitamin D levels, violating food fortification standards under the Food Safety Act

Akasa Air has launched Akasa Elevate, its first loyalty programme, as the airline celebrates four years of operations. Members can earn points on eligible flights and ancillary services, while passengers who flew since April 1 can claim points retrospectively.

SEBI's FY26 report showed domestic institutional investors invested a record Rs 8.5 lakh crore, offsetting FPI outflows of Rs 1.8 lakh crore. Strong mutual fund inflows, rising demat accounts and record capital raising underscored the resilience of India's capital markets

Benchmark indices Sensex and Nifty opened lower on Friday as financial stocks declined and crude oil prices rose. Investor sentiment remained cautious amid geopolitical concerns, while global markets delivered mixed cues following losses on Wall Street

The rupee depreciated 16 paise to close at 95.24 against the US dollar on Thursday, weighed down by a firmer dollar index and foreign fund outflows. Lower crude oil prices limited losses, while domestic equity markets ended higher

PhonePe has launched fixed deposit distribution in partnership with banks and NBFCs while introducing the Daily RD, a digital micro-savings product with investments starting at Rs 100 per day. The platform enables users to open, manage and withdraw deposits digitally

Swiggy expects adjusted EBITDA of around ₹10,000 crore and Gross Order Value of ₹2.5 lakh crore by FY31, driven by food delivery, Instamart and Dineout. The company also reported a narrower quarterly loss and improved operating performance

Sensex derivatives weekly expiry on Thursday will be the first under India's new Closing Auction System, raising concerns over volatility due to lower liquidity in the BSE cash market. Traders remain cautious after sharp movements during Nifty's recent expiry under the mechanism

The rupee depreciated 9 paise to 95.17 against the US dollar in early Thursday trade as persistent geopolitical concerns offset support from easing crude oil prices. Foreign fund outflows and a stronger dollar also weighed on the domestic currency despite positive equity market opening

Indian equity markets opened marginally higher on Thursday, supported by hopes of a US-Iran peace deal and strong June quarter earnings. Sensex and Nifty gained in early trade, while IT, pharma and healthcare stocks advanced. Foreign investors remained sellers amid market movements

To ensure our young workforce thrives, we must stop preparing it to compete with machines and instead teach it how to lead them

RBI's neutral policy stance reflects the central bank's preference to wait for greater clarity on inflation and global developments before making its next move

The Delhi High Court has sought the Union government’s response to a PIL demanding an automatic refund mechanism for excess Tax Deducted at Source (TDS) in cases where individuals are not required to file income tax returns. The plea argues that mandatory ITR filing for refunds disproportionately burdens senior citizens and low-income earners, despite their incomes being below the taxable threshold.

Monte Carlo Fashions reported a wider consolidated net loss of Rs 23.4 crore for the June quarter despite a 7.6 per cent rise in revenue. The company's EBITDA loss also widened, while its shares declined following the announcement of the quarterly results

India's electric vehicle market is witnessing rapid growth, with EV sales increasing 46-fold since 2016. The government projects the market to reach USD 191.04 billion by 2034, supported by rising investments, battery production, charging infrastructure and growing exports

The rupee appreciated 13 paise against the US dollar after the Reserve Bank of India kept the repo rate unchanged. Improved global risk sentiment, lower US Treasury yields and weaker dollar supported the domestic currency despite continued geopolitical uncertainties in West Asia

The Reserve Bank of India kept the repo rate unchanged at 5.25 per cent for the fourth straight meeting, citing inflation uncertainties linked to higher energy prices and geopolitical tensions, while slightly raising its growth forecast and announcing measures for cooperative banks and consumer protection

Government sources said social media platforms, including Meta, must comply with Indian laws after a parliamentary panel sought an unconditional apology from Meta CEO Mark Zuckerberg over the temporary removal of Prime Minister Narendra Modi's Facebook post

Gold futures rose for the second straight session, gaining Rs 2,165 per 10 grams on the MCX amid strong overseas markets, renewed safe-haven demand, a weaker US dollar and easing inflation concerns, while investors awaited key US economic data and central bank signals

RBI Governor Sanjay Malhotra said India may introduce polymer currency notes by FY28 after ongoing field trials assess durability and suitability. The pilot involves Rs 10 and Rs 20 denominations, with polymer notes expected to complement existing paper currency rather than replace it

The RBI kept the repo rate unchanged at 5.25 per cent for a third straight policy meeting, while maintaining a neutral stance. It raised its FY27 GDP growth forecast to 6.7 per cent, lowered the inflation projection to 5 per cent and cited global uncertainties.

Benchmark equity indices Sensex and Nifty opened higher on Wednesday, driven by easing crude oil prices and continued foreign fund inflows. Investors are closely watching the RBI's monetary policy decision for guidance on interest rates, inflation and the broader economic outlook.

The rupee appreciated 39 paise to 94.89 against the US dollar in early trade, buoyed by lower crude oil prices and optimism over US-Iran talks. Investors are now awaiting the RBI's monetary policy decision for fresh cues on interest rates and inflation.