Economy News

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
NSE's Q1 net profit rises 10.3 pc sequentially, revenue falls 10.6 pc YoY

NSE's Q1 net profit rises 10.3 pc sequentially, revenue falls 10.6 pc YoY

Revenue from operations for the same quarter increased by 6.92 per cent sequentially to Rs 4,032 crore, compared to Rs 3,771 crore in previous quarter. However, on YoY basis, the revenue was down by 10.59 per cent from Rs 4,510 crore in Q1 FY25, the company stated in its financial statement. Jul 29, 2025
Black Money: Govt raises Rs 35,104 crore tax demand and penalty in 10 years

Black Money: Govt raises Rs 35,104 crore tax demand and penalty in 10 years

In addition, demand of Rs 13,385 crore has been raised (till March 31, 2025) on account of penalties imposed under various sections of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Minister of State for Finance, Pankaj Chaudhary, told the Rajya Sabha in a written reply to a question. Jul 29, 2025
India sees over 65,000 crore digital transactions worth Rs 12,000 lakh crore in last 6 fiscals

India sees over 65,000 crore digital transactions worth Rs 12,000 lakh crore in last 6 fiscals

The government has been closely working with different stakeholders including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks and state governments to increase the adoption rates of digital payments in the country including in tier-2 and tier-3 cities, said Pankaj Chaudhary, Minister of State for Finance, in a written reply to a question in Lok Sabha. Jul 29, 2025
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