Economy News

SBI

SBI clocks 12.5 pc rise in Q1 net profit at Rs 19,160 crore

Net Interest Income (NII), which reflects the difference between the interest earned on loans and that paid on deposits, for the quarter remained flat at Rs 41,072.4 crore, which is around the same as the previous year's figure of Rs 41,126 crore. Aug 8, 2025
India's wealthiest 1 pc holds 60 pc assets in real estate, gold: Report

India's wealthiest 1 pc holds 60% assets in real estate, gold: Report

This segment of 'wealthiest citizens' is comprised of Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI) and the affluent class, which accounts for only 1 percent of Indian households but controls nearly 60 per cent of the country's total assets, the report by US-based wealth management firm Bernstein said. Aug 4, 2025
Indian rupee strengthens against US dollar

Indian rupee strengthens against US dollar amid US tariff row

The local currency opened at 87.22 against the US dollar, up 32 paise from Friday's close of 87.54. The dollar index approached 100, causing the rupee to fall 100 paise, closing at 87.52 per dollar on August 1, down from 86.52 per dollar on July 25 and a low of 87.73 during the week. Aug 4, 2025
Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

In a post on X, the Finance Minister said, "With the scheme completing 10 years and KYC being mandatory for these accounts, I have urged banks to proactively reach out to people and simplify this process. In this regard, starting from July 1, 2025, banks have launched this campaign, under which approximately 1 lakh Gram Panchayats have been covered so far." Aug 3, 2025
SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

The petitioner, Dr K.A. Paul, claiming himself to be "a prominent social activist, humanitarian, and President of Global Peace Initiative, which is dedicated to promoting peace and justice globally", said the plea was filed in the interest of millions of people and to protect the sanity and democracy in India by banning "illegal" betting apps. Aug 1, 2025
Swiggy

Swiggy's losses nearly double in Q1 to Rs 1,197 crore

Swiggy's overall EBITDA loss also increased to Rs 954 crore, compared to Rs 544 crore in the same quarter previous year. However, the food and grocery delivery major recorded a 53.9 per cent jump in its revenue from operations to Rs 4,961 crore during the June quarter against Rs 3,222 crore in Q1 FY25. Jul 31, 2025
sensex nifty

Indian stock market defies US tariffs threat; settles slightly lower

Sensex ended the session at 81,185.58, down 296.28 points or 0.36 per cent. The 30-share index opened the trading with a significant fall at 80,695.50 against the last session's closing of 81,481.86. The index showed some resiliency, erasing early gains and returning in green in the afternoon, hitting an intraday high at 81,803.27 amid buying in the consumer sector. However, it did not hold up the momentum in the closing hour due to a monthly expiry day. Jul 31, 2025
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