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Prime Minister Narendra Modi on Tuesday marked 10 years of the Unified Payments Interface (UPI), calling it a turning point in India’s digital payments journey and a source of national pride. He urged citizens to share their UPI experiences on social media.
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The government’s two-day Offer-for-Sale for up to 6 per cent stake in Hindustan Copper began on Tuesday, targeting proceeds of around Rs 3,000 crore. Institutional bidding opened first, while retail investors can participate on Wednesday at a discounted floor price
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Amazon and Flipkart have introduced revised fee and penalty structures for sellers just ahead of the festive shopping season. Amazon has increased cancellation and closing fees across its fulfilment channels, while Flipkart has rolled out a three-tier penalty system for order delays and cancellations.
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Sigma Advanced Systems has signed a new £125 million (Rs 1,600 crore) long-term agreement with Rolls-Royce through its UK subsidiary Bromford Precision Solutions, taking the combined value of its contracts to £425 million.
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Commerce Minister Piyush Goyal said India will amend regulations within two months to address concerns of semiconductor and auto component manufacturers. He also highlighted Semicon 2.0, investment opportunities, simplified BIS rules and stronger India-Japan cooperation in semiconductors, AI and technology
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SEBI has introduced an IT Resilience Index framework for market infrastructure institutions to strengthen technology systems. The 100-point framework will assess nine parameters, while MIIs must operationalise an Early Warning System and real-time service monitoring by February 28, 2027
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The Centre has begun moving onion buffer stocks through dedicated Kanda Express railway rakes from Nashik to major consumption centres to check rising prices. Retail onion prices rose sharply year-on-year, with supplies to five cities initially planned
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The rupee pared initial gains to settle 3 paise lower at 95.74 against the US dollar on Monday, pressured by a stronger dollar, crude prices, importer demand and caution over fresh US sanctions on Iran amid weak domestic equity markets
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Indian benchmark indices Sensex and Nifty ended lower on Monday as geopolitical tensions, elevated crude prices and caution ahead of fresh US sanctions on Iran weighed on sentiment. Sensex fell 171.72 points, while Nifty declined 32.95 points
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Sri Lanka recorded 1.34 million tourist arrivals in the first seven months of 2026, down 1.8 per cent year-on-year. India remained the largest source market, with more than 338,000 visitors, a 21.2 per cent increase from last year
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UPI’s annual transaction volume surged nearly 13,000-fold to over 24,162 crore in FY 2025-26, Ministry of Finance data showed. Transaction value also rose sharply, while the number of banks on the platform increased to 703 during the decade
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Banking services across India are likely to face disruption in September after the UFBU called strikes on September 11 and 28-30. The unions are demanding a five-day working week, withdrawal of the PLI system and resolution of pension-related issues.
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Tata Group-owned Indian Hotels Company will merge Oriental Hotels through an all-stock transaction, with boards approving the proposed arrangement. Shareholders will receive 25 IHCL shares for every 117 OHL shares. The merger aims to simplify holdings, improve efficiency and unlock portfolio value
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Indian equity markets opened higher on Monday after two weekly declines, supported by falling crude prices. Investors remained cautious ahead of potential US sanctions on Iran and geopolitical risks. Nifty and Sensex gained modestly, while metal stocks led sectoral advances
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SBI Research highlighted a communication divergence in the RBI’s latest monetary policy cycle, with MPC minutes appearing more hawkish while Governor Sanjay Malhotra adopted a cautious, data-dependent stance. Markets now face uncertainty over a possible October rate hike amid domestic and global risks
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Sebi has proposed a framework for Fixed Income Channel Partners to expand retail participation in fixed-income securities through online bond platforms. The proposal seeks to improve access in smaller cities and rural areas while setting eligibility, remuneration and fee norms
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Sebi Chairman Tuhin Kanta Pandey said the market regulator is reviewing the framework for monitoring and disclosing utilisation of issue proceeds. Sebi also plans to clarify related-party transaction rules and avoid duplication of fines imposed by multiple exchanges
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The RBI said authorised dealer banks raised $72.848 billion in forex inflows under its special swap facility till August 21, with FCNR(B) deposits contributing $65.397 billion. Foreign exchange reserves also rose nearly $10 billion to $716.90 billion.
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India and Mauritius have deepened energy ties through a five-year agreement under which Indian Oil Corporation will supply Mauritius' entire import requirement of petrol, diesel and aviation turbine fuel, alongside wider cooperation in oil and gas, infrastructure and biofuels
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The new migration survey must do more than count people on the move; it must become a foundation for policy reform
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The rupee settled nearly flat at 95.71 against the US dollar on Friday after paring early gains. While a weaker dollar and positive domestic market sentiment offered support, geopolitical tensions and crude oil concerns limited the currency’s rise
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The India-EU Free Trade Agreement will create new opportunities for businesses and strengthen commercial ties, Finland trade counsellor Antti Herlevi said. He also highlighted potential India-Finland collaboration in circular economy models, sustainable production and resource conservation
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Meesho expects to create over 10 lakh seasonal job opportunities across its seller and logistics ecosystem during the upcoming festive season. About 6.5 lakh jobs are expected among sellers, while 3.75 lakh roles will be created across logistics operations
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India’s first large-scale biopolymer plant, being constructed in Uttar Pradesh’s Lakhimpur Kheri at Rs 3,080 crore, is expected to become operational in October. The facility will convert sugarcane into PLA bioplastic, feature zero liquid discharge technology and boost sustainable industrial growth
