Business

The RBI has proposed standardised forms and uniform procedures for settling claims related to deceased customers’ accounts and lockers within 15 days, including compensation for delays, to streamline processes and improve customer service across all banks

Customers of metro and urban branches must maintain a minimum average balance of Rs 50,000 under the new structure — up from the earlier limit of Rs 10,000

The Income Tax Department has released the ITR-5 Excel utility for AY 2024-25, enabling partnership firms, LLPs, and other eligible entities to file returns. Updates include MSME, startup, and crypto reporting provisions, with a September 15 deadline for non-audit cases

India and Oman are close to finalising their Comprehensive Economic Partnership Agreement, with the signing expected soon. The pact, currently being translated into Arabic, will reduce tariffs, ease trade norms, and strengthen bilateral trade ties exceeding USD 10 billion annually

Indian Railways has launched a discounted ‘Round Trip Package’ for the 2025 festive season, offering a 20 per cent rebate on return fares. The scheme applies to confirmed tickets in both directions and aims to ease festival travel congestion

Bilateral relationships are nurtured not through diktats but through a shared understanding of each other’s economic realities

India is actively negotiating Free Trade Agreements (FTAs) with multiple countries including the US, EU, Oman, Chile, Peru, and New Zealand, Commerce Minister Piyush Goyal said during the BT India @100 event. With India now the world’s fourth-largest economy, Goyal affirmed that the nation is on track to become the third-largest.

As of March 2025, Jio had around 191 million 5G users on its network contributing about 45 per cent to its wireless data traffic

However, the promoter group firms that Reliance Industries chairman controls earn a dividend income of Rs 3,655 crore

Tata Consultancy Services (TCS) has announced salary hikes for 80% of its employees, primarily in junior and mid-level roles, effective September 1, 2025. The announcement comes even as the company prepares to lay off around 12,000 employees this year as part of a strategy to become a "future-ready organisation."

In a move to further escalate trade tensions, U.S. President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on goods imported from India. The new levy is in retaliation for India's continued import of Russian oil, despite U.S. sanctions

Paytm is now fully Indian-owned after Ant Group exited by selling its residual 5.84 per cent stake. The move marks a major shift in the company’s ownership structure, aligning with its long-standing vision of building a homegrown tech champion

WhatsApp has rolled out a ‘Safety Overview’ feature to protect users from being added to unknown groups, as part of a broader anti-scam push. Over 6.8 million scam-linked accounts were banned, with operations disrupted across Southeast Asia

Infosys has inaugurated a new Centre for Advanced AI, Cybersecurity, and Space Technology in Hubballi, Karnataka. Part of its global Living Labs network, the facility enhances digital innovation and pushes its local workforce beyond 1,000 employees

RBI Governor Sanjay Malhotra dismissed US President Donald Trump's "dead economy" jibe, asserting that India is doing well and contributing 18% to global growth—more than the US. Inflation won't be impacted by potential oil-related sanctions, he added

JK Tyre launched its luxury Levitas tyre range at a stylish supercar showcase in Mumbai. Featuring top motorsports names like Akhilesh Reddy and Gaurav Gill, the event also introduced the 2025 India Racing Festival and record-setting stunts at Umling La Pass

RBI Governor Sanjay Malhotra assured that the central bank will continue to take necessary steps to support India’s economic growth amid global trade uncertainties. He also expressed optimism about an amicable resolution to ongoing trade negotiations

US tariffs on Indian exports, set to take effect August 7, will have a minimal GDP impact of 0.19%, affecting $8.1 billion in trade, says PHDCCI. The think tank has outlined a four-pronged plan to manage the fallout.

The Reserve Bank of India on Wednesday kept the repo rate steady at 5.5% after three consecutive cuts, citing global tariff uncertainties. The FY26 growth forecast remains at 6.5%, while inflation projection is lowered to 3.1%.

According to sources, Reliance Group Chairman sought to deny any involvement in the case, maintaining that all the financial decisions were taken by the internal board of his companies

New Delhi calls the threat of additional tariffs “unjustified and unreasonable”

Over 84,000 gaming account credentials were leaked in India in 2024, according to cybersecurity firm Kaspersky. The Asia-Pacific region leads globally in gaming-related data breaches, with over 11 million accounts exposed worldwide amid rising mobile and digital penetration

The Centre informed Parliament that 48 passengers were placed on India’s 'no-fly list' till July 30 this year due to unruly behaviour. The DGCA rules prescribe bans ranging from three months to over two years based on severit

Income tax returns filed online must be verified within 30 days, or they will be considered invalid. With the AY25-26 deadline set for September 15, tax experts urge users to complete the e-verification step to ensure their returns are processed