Economy News

Jan 1, 1970

Jan 1, 1970
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Nifty, Sensex open flat amid mixed global cues

The BSE Sensex advanced 0.10 per cent or 80 points to 80,684 points. The Nifty 50 inched up to 24,612 advancing 0.11 per cent. Broader market indices also saw buying activity, with the BSE SmallCap adding 0.39 per cent and the BSE MidCap climbing 0.06 per cent. Aug 12, 2025
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
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