Business news

UPI transactions surge 114 pc in 8 fiscals, digital payments up 41 pc: Minister

UPI transactions surge 114 pc in 8 fiscals, digital payments up 41 pc: Minister

During the same period, the value of transactions has grown from Rs 1.10 lakh crore to Rs 261 lakh crore. In July 2025, UPI reached another milestone, recording over 1,946.79 crore transactions in a single month for the first time, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha. Aug 11, 2025
Sensex ends lower in volatile session as Mideast tensions flare up

Indian stock market soars amid FII return, Sensex surges 746 points

The return of FIIs, positive earnings of PSU banks in Q1 and buying in the broader market fueled the bullish sentiment. The robust mutual fund inflow data released by the Association of Mutual Funds in India (AMFI) also boosted the market momentum in the last trading hours. Aug 11, 2025
Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

FM Sitharaman tables revised Income Tax Bill in Parliament to improve fairness, clarity

Tabling the bill in Lok Sabha, FM Sitharaman said that suggestions have been received which are required to be incorporated to convey the correct legislative meaning. "There are corrections in the nature of drafting, alignment of phrases, consequential changes and cross-referencing," she said, adding that the earlier Bill was pulled back to avoid confusion. Aug 11, 2025
Indian stock market opens lower amid fresh US tariff concerns

Market outlook: Tariff tensions, inflation data key triggers next week

Over 1,400 companies including from sectors such as metals, energy and pharmaceuticals are scheduled to report Q1 FY26 results next week, as quarterly earnings cycle comes to an end. Grasim Industries, Hero MotoCorp, India Lease Development, and other major companies are scheduled to release their quarterly earnings on August 11. Aug 10, 2025
SEBI Proposes Special AIF Schemes Exclusively for Accredited Investors

SEBI Proposes Special AIF Schemes Exclusively for Accredited Investors

SEBI has proposed a new category of Alternative Investment Fund (AIF) schemes open only to accredited investors—those meeting specified wealth, net worth, and income criteria certified by a SEBI-recognised agency. The plan aims to replace the current Rs 1 crore minimum investment rule with accreditation status as the sole eligibility criterion, with a transition period where both rules apply. Aug 9, 2025
ICICI bank hikes minimum account balance for new customers

ICICI Bank Raises Minimum Balance Requirement for New Customers

ICICI Bank has increased the monthly minimum average balance (MAB) for new savings account holders effective August 1. Customers in metro and urban areas opening accounts after this date must maintain an MAB of ₹50,000, while semi-urban and rural customers need ₹25,000 and ₹10,000 respectively. Existing customers will retain the earlier lower limit. Aug 9, 2025
ITR-5 Excel Utility Goes Live for Eligible Non-Individual Taxpayers

ITR-5 Excel Utility Goes Live for Eligible Non-Individual Taxpayers

The updated form includes sections for MSME registration, startup deductions under Section 80-IAC, and expanded reporting for virtual digital assets. Buyback losses can now be reported only if related dividends were taxed. The filing deadline for non-audit cases is September 15, with verification required within 30 days. The utility covers detailed financial disclosures and income schedules, with matching Form 26AS tax credits mandatory. Excel utilities for ITR-1 to ITR-4, ITR-2, and ITR-3 have already been released. Aug 9, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

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

Sensex closed at 79,857.79, down 765.47 or 0.95 per cent. The 30-share index opened in negative territory at 80,478.01 against last session's closing of 80,623.26 following selling pressure due to US tariff concerns. The index touched an intraday low at 79,775, falling about a per cent to a three-month low, amid overall selling. Aug 8, 2025
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