Business news

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
Indian stock market opens lower amid fresh US tariff concerns

Indian stock market opens lower amid fresh US tariff concerns

According to analysts, the market continues to be technically and fundamentally weak. Continuous lower lows on the Nifty is technically a weak sign. From the fundamental perspective, there are no indications yet of a sharp uptick in earnings for FY26. Aug 8, 2025
Indian stock market closes higher in volatile session amid fresh US tariff concerns

Indian stock market closes higher in volatile session amid fresh US tariff concerns

Sensex settled at 80,623.26, up 79.27 points or 0.10 per cent. The 30-share index started the session in negative territory at 80,262.98 against the last day's closing of 80,543.99, experiencing pressure following Trump's additional tariff announcement. However, the index recovered from the losses to touch an intra-day high of 80,737.55 amid buying in IT, Banking's and other heavyweight stocks in afternoon trade. Aug 7, 2025
Sensex, Nifty open lower amid uncertainty around Trump tariffs

Nifty, Sensex slip marginally amid Trump's 50% tariff concerns

In the Nifty pack, Hero MotoCorp led the gainers' list, rising 1.27 per cent. followed by Cipla, Trent, Bajaj Finserv and HDFC Bank. Kotak Mahindra Bank, Tata Steel, Tata Motors, Jio Financial, and State Bank of India were the major losers. Aug 7, 2025
Markets rebound after 4-day losing streak, Sensex gains 317 points

Indian stock market ends a tad lower after RBI keeps repo rate unchanged

Sensex settled at 80,543.99, down 166.26 points or 0.21 per cent. The 30-share index opened in negative territory at 80,694.98 against last session's closing of 80,710.25 ahead of the RBI's decision on rate cut in the morning. The index hit an intra-day low of 80,448.82 and a high of 80,834.43 amid a volatile session. Aug 6, 2025
RBI leaves repo rate unchanged at 5.5 pc, sticks to neutral stance

US tariff hike won't have major impact on India's economy: RBI Governor

Speaking at a press conference after the monetary policy announcement, the RBI Governor said, "There might not be a major impact of the ongoing uncertainty over the US tariffs on India's economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee." Aug 6, 2025
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