Business news

Average daily UPI transactions reach Rs 90,446 crore by value in August

"The share of peer-to-merchant (P2M) transactions in total value transactions has increased from mere 13 per cent in Jun 2020 to 29 per cent in July 2025. During the same period, the share in volume has increased to 64 per cent from 39 per cent, indicating robust growth in digital payments and financial inclusion," said the report.

Aug 18, 2025

Adani Realty most valuable unlisted company on 'Hurun Real Estate List 2025'

Adani Group refutes reports that is has been allotted land by Assam govt

The Adani Group on Monday dismissed reports in a section of the media that it has been allotted land by the Assam government for a cement plant in the state, terming them baseless, false, and misleading.

Aug 18, 2025

Govt's 40% GST 'Sin Tax' to make smoking, online gaming more expensive

India's GST 2.0 reform may impose a flat 40% sin tax on cigarettes and online gaming, pushing up consumer costs despite a simplified structure.

Aug 18, 2025

117 people arrested for fake GST registrations in 2 fiscal years: Minister

Over 100 people arrested for fake GST registrations in 2 fiscal years: Minister

Two special drives against fake Input Tax Credit and fake registrations were launched during the financial year 2023-24 and 2024-25 in coordination between the state and Central GST administrations, Minister of State for Finance, Pankaj Chaudhary, said in a written reply to a question in Lok Sabha.

Aug 18, 2025

No proposal to impose transaction charges on UPI payments, reiterates Centre

Unified Payment Interface (UPI) transactions are facilitated by the National Payment Corporation of India (NPCI), and its circular (dated 30.08.2019) had permitted the acquiring banks to charge Merchant Discount Rate (MDR) at 0.30 per cent of the transaction value.

Aug 18, 2025

Indian stock market opens lower amid fresh US tariff concerns

Bengaluru, Mumbai, Delhi among top 15 global prime residential markets: Report

Despite a global cooling in prime residential price growth — averaging 2.3 per cent annually compared to 3.5 per cent in Q1 2025 — Indian cities remain resilient, reflecting strong demand, limited prime supply, and sustained wealth creation in urban centres, Knight and Frank said in its report.

Aug 18, 2025

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GST reforms booster: Sensex surges 676 points, Nifty gains 245 points

Sensex closed at 81,273.75, up 676.09 points or 0.84 per cent. The 30-share index opened the session with a huge gap-up at 81,315.79 against last session's closing of 80,597.66. Buoyed by overall buying post the GST reform announcement, the index touched an intraday high at 81,765.77.

Aug 18, 2025

GST rationalisation: Cars, two-wheelers likely to get cheaper ahead of Diwali

Currently, all passenger vehicles are subject to a GST of 28 per cent plus a compensation cess of 1 per cent to 22 per cent based on engine capacity, length, and body type, raising the total tax payable to as much as 50 per cent. Electric cars are taxed at 5 per cent with no compensation cess.

Aug 18, 2025

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

Sensex, Nifty jump over 1.3 pc; auto stocks lead rally

The BSE Sensex surged 1,056 points, or 1.31 per cent to 81,654 points. The Nifty 50 jumped 354 points, or 1.44 per cent up to 24,985. Sectorally, the Nifty Auto led the gains with 4 per cent jump. The Nifty Bank advanced 695 points or 1.26 per cent to settle at 56,037.15.

Aug 18, 2025

Sensex and Nifty open flat as market prepares for Q1 FY26 earnings season

Market outlook: Global events, GST reforms, FII trends to drive Dalal Street this week

Experts say factors such as the outcome of the Donald Trump-Vladimir Putin meeting, Prime Minister Narendra Modi's announcement on GST reforms, movements in US markets, and the ongoing buying and selling trends of foreign and domestic investors will play a major role in deciding the direction of Dalal Street.

Aug 17, 2025

Gujarat industry chamber seeks extension of income tax return filing deadline

To give assessees sufficient time to comply, income tax utilities are typically made available in April. However, according to GCCI, the release has been delayed by an average of three months this year, and as of the first week of August, several forms were still pending.

Aug 16, 2025

Stock market rally: Midcap, smallcap indices surge, 20 stocks gain up to 50%

As the June quarter (Q1 FY26) earnings are out, the revenue moderation took average net profit expansion YoY for the benchmark Nifty 50 companies (excluding financials and oil and gas) to mid-single digits.

Aug 16, 2025

'Diwali Gift' GST Reforms Touted as Big Step in Tax Efficiency

'Diwali Gift' GST reforms termed as big step in tax efficiency by CII

CII also applauded the heightened focus on strategic sectors, the push for Made-in-India semiconductor chips by year-end underscores India's emergence in global tech manufacturing, while the Sudarshan Chakra Mission, energy self-reliance, and space capabilities, including the plan for an indigenous space station, signal a transformative leap in indigenous innovation.

Aug 16, 2025

India's Forex reserves scale $693.6 bn after $4.75 bn boost

For the week ending on Aug 8, foreign currency assets, a major component of the reserves, increased by $2.84 billion to $583.98 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Aug 16, 2025

India's Domestic Battery Revolution Is Creating a More Resilient and Forward-Looking Economy

The battery industry in India has the potential to continue to promote much needed economic diversification as well as create a more resilient development strategy

Aug 16, 2025