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Home  Business

Business

India becomes global leader in fast payments as UPI processed over Rs 24 lakh crore transactions in June 2025

India becomes global leader in fast payments as UPI processed over Rs 24 lakh crore transactions in June 2025

  • Hyderabad-based Dr Reddy’s gets 7 USFDA observations for Andhra unit

    Dr Reddy’s received a Form 483 with seven USFDA observations after inspecting its Srikakulam manufacturing plant in Andhra Pradesh
  • Ashok Leyland charts strategic course amid industry disruption, says Chairman Hinduja

    Ashok Leyland plans to adopt a proactive strategy to navigate global megatrends like electrification and supply chain disruption. Chairman Dheeraj G Hinduja said the company will invest in EVs, forge tech partnerships, and deepen international market presence
  • PM Modi lauds TVS Motor for showcasing Kutch’s cultural and scenic beauty

    Prime Minister Narendra Modi lauded TVS Motor executives for promoting Kutch's culture through their coffee table book, created after a motorcycling event at Rann Utsav 2025. Modi praised the initiative and invited tourists to explore Kutch’s heritage and landscapes
  • Gold may stay in narrow band as markets await Fed, macro cues

    Gold prices are expected to stay range-bound amid global trade uncertainty, key US macroeconomic data, and central bank cues. While domestic festive demand may offer support, a stronger US dollar and volatility persist. Silver surged on tightening supply and industrial demand
  • HDFC Bank Q1 profit dips 1.3 per cent to Rs 16,258 cr on higher provisions

    Standalone profit rose to Rs 18,155 crore, while gross NPAs inched up to 1.4 per cent and margins narrowed
  • India-EFTA trade pact to roll out from october 1, says Goyal

    The bloc has committed USD 100 billion investment over 15 years, with India offering lower tariffs on Swiss products and expanded services access
  • ED summons Meta, Google over illegal betting platforms

    The Enforcement Directorate has summoned Meta and Google officials in a money laundering probe tied to illegal betting platforms. The agency wants to examine how such platforms place ads on digital outlets
  • Viceroy report on Vedanta ‘lacks credibility’, says ex-CJI Chandrachud

    Former Chief Justice of India D Y Chandrachud advised the company to consider legal action, stating the report harms Vedanta's reputation and business interests
  • Sri Lanka seeks tariff relief from US to safeguard rubber exports

    Sri Lankan rubber exporters are urging the US to cut Trump-era tariffs to 15–20 per cent to stay competitive with Indonesia. A government delegation is in Washington negotiating relief as the current 30 per cent duty threatens USD300 million in annual exports
  • Made-in-India Galaxy Z Foldables Clock 2.1 Lakh Pre-Orders in 48 Hours

    Samsung’s seventh-generation foldable smartphones — Galaxy Z Fold7 and Flip7 — received a record 2.1 lakh pre-orders in India within 48 hours. The company credits young Indian consumers for rapidly adopting its Made-in-India, AI-powered foldable technology
  • India, US aim for interim trade deal after fifth round of talks

    India and the United States concluded the fifth round of negotiations for a proposed bilateral trade agreement in Washington. Talks focused on tariffs, agriculture, and key sectors, with both sides aiming to finalise an interim deal before the August 1 deadline
  • ITR-2 filing now enabled online for FY 2024–25

    Individuals and HUFs with capital gains income can now e-file returns. The filing deadline for non-audited cases has been extended to September 15
  • EU targets Rosneft-linked Indian refinery, cuts Russian oil cap

    Rosneft owns 49.13 per cent stake in Nayara Energy Ltd, formerly Essar Oil Ltd. EU sanctions means Nayara cannot export fuel such as petrol and diesel to European countries
  • Hyderabad-based Dodla Dairy acquires Osam Dairy for Rs 271 cr

    The acquisition gives Dodla a strong foothold in the high-growth eastern market and accelerates its pan-India ambitions
  • Reliance Retail acquires Kelvinator for Rs 160 crore, targets premium appliances market

    The company aims to integrate Kelvinator’s legacy with its retail strength to offer high-quality global products to Indian households
  • Sensex, Nifty fall in early trade as Axis Bank results drag banking stocks; FIIs remain net sellers

    Benchmark indices opened lower on Friday as weak Q1 results from Axis Bank dragged banking stocks. Continued FII selling and cautious sentiment around earnings further weighed on markets. Power stocks bucked the trend while global markets remained mixed.
  • Rupee gains 6 paise to 86.06 against US dollar amid weaker greenback, softer crude prices

    The rupee gained 6 paise to 86.06 against the US dollar on Friday, supported by softer crude prices and a weaker dollar. However, continued foreign fund outflows limited further gains. Equity markets also opened lower amid trade deal uncertainties.
  • New algorithms enable AI models to collaborate across platforms

    Researchers from Israel’s Weizmann Institute and Intel Labs have developed algorithms that enable different AI models to collaborate using a shared language. The system boosts speed by up to 2.8 times and could enhance AI performance in phones, cars, and drones
  • India says ready to replace Russian oil if hit by sanctions

    India dismissed concerns over potential US sanctions on Russian oil imports, with Oil Minister Hardeep Singh Puri saying the country can meet its crude needs from other sources. Russia now supplies 40 per cent of India’s oil, up from just 0.2 per cent in 2022
  • Apple ramps up iPhone production in India to record high in H1 2025

    Apple achieved record iPhone production and exports in India during H1 2025, driven by a 53 per cent year-on-year rise. With Foxconn and Tata leading output, the move marks a strategic shift away from China and strengthens the Make in India push
  • Airtel users get one-year free access to Perplexity Pro AI tool

    Bharti Airtel has partnered with AI platform Perplexity to offer its 360 million customers a free one-year Perplexity Pro subscription worth Rs 17,000
  • Sensex, Nifty slip after early gains as markets await India-US trade deal cues

    Sensex and Nifty opened higher on Thursday but slipped into negative territory amid cautious investor sentiment ahead of India-US trade talks. FII outflows and underwhelming Tech Mahindra earnings weighed on markets, even as global oil prices and US equities rose.
  • Rupee rises 12 paise to 85.80 against US dollar on softening crude, trade talk optimism

    The rupee rose 12 paise to 85.80 against the US dollar on Thursday, supported by falling crude prices and progress in India-US trade talks. Gains were capped by FII outflows and a firm dollar. Brent crude traded lower at USD 68.46.
  • NPCI International adds 13 more banks, widens India-Singapore remittance base

    Recipient in India can receive remittances from Singapore in their accounts through their preferred UPI-enabled apps such as BHIM, Google Pay and PhonePe
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