Economy News

RBI appoints Ravi Shankar as Executive Director effective July 1

As a career central banker statistician, Shri Shankar has experience of over three decades in the Reserve Bank having worked in the areas of corporate, banking statistics, government securities market and settlement systems, debt management, and surveys in the Reserve Bank.

Jul 1, 2026

Trump reports at least $1.4 billion in 2025 crypto earnings

The filing shows hundreds of millions of dollars earned through token sales, equity transactions, staking rewards and digital asset holdings linked to World Liberty Financial and other crypto ventures. It also highlights significant holdings in Bitcoin, Ethereum and other digital assets.

Jul 1, 2026

Commercial LPG Prices Slashed; Govt Raises Petrol Export Tax, Cuts Diesel & ATF Levy; check prices here

Commercial LPG Prices Slashed; Govt Raises Petrol Export Tax, Cuts Diesel & ATF Levy; Check Updated City-Wise Rates

Oil marketing companies (OMCs) have reduced commercial LPG cylinder prices by up to Rs 183.5, offering relief to businesses. Meanwhile, the government has revised the windfall tax structure by increasing the levy on petrol exports while reducing taxes on diesel and aviation turbine fuel (ATF) exports.

Jul 1, 2026

High Gold, Silver Prices Push Buyers Towards Lightweight Jewellery

Historic highs in gold and silver prices during the first half of 2026, followed by a sharp correction, have reshaped consumer behaviour and the outlook for India's gem and jewellery industry, according to the All India Gem and Jewellery Domestic Council (GJC).

Jul 1, 2026

Govt reappoints Ravi Agrawal as CBDT Chairman for six months

His extension comes as direct tax collections continue to record healthy growth, with net collections rising 14.64 per cent year-on-year to Rs 5.21 lakh crore during April 1-June 17 of the current financial year

Jun 30, 2026

HDFC Bank appoints former Finance Secretary Rajiv Kumar as part-time chairman

HDFC Bank shares trade lower after appointing chairman, CEO search on

HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a three-year term. Kumar, a retired 1984-batch IAS officer, succeeds Atanu Chakraborty, who resigned earlier this year on ethical grounds.

Jun 30, 2026

India's external debt increases to $762.8 billion as non-government borrowings rise: RBI

India's external debt increased by $26.3 billion year-on-year to $762.8 billion at the end of March 2026, according to RBI data. The external debt-to-GDP ratio rose to 20.8 per cent from 19.8 per cent a year earlier, driven mainly by higher non-government borrowings, while government debt declined.

Jun 30, 2026

Missed ITR Verification Deadline? Here's How To Complete It And The Six Official Ways To Do It

Filing your Income Tax Return is not enough unless it is verified within 30 days. The Income Tax Department offers six e-verification methods. Missing this step can make your return invalid, though delayed verification may still be allowed after approval.

Jun 30, 2026

Puneet Sharma resigns as Axis Bank CFO after 6-year stint

Axis Bank Chief Financial Officer Puneet Sharma has resigned after serving in the role since March 2020, citing his decision to pursue the next phase of his professional career. He will continue until August 31, 2026, while the bank is yet to announce his successor.

Jun 29, 2026

July 1 financial changes, July 1 new rules, ITR filing deadline, Income Tax Return, FY 2025-26, AY 2026-27, Aadhaar email update, UIDAI, SBI credit card changes, PhonePe SBI Card, HDFC Bank lounge access, airport lounge rules, passport fee hike, passport

July 1 financial changes: ITR filing, Aadhaar updates, SBI cards, HDFC lounge access, passport fees and RBI rules explained

Several important financial changes will come into effect from July 1, 2026, impacting taxpayers, bank customers, credit card users, passport applicants and Aadhaar holders. These include ITR deadlines, free Aadhaar updates, revised credit card benefits, higher passport fees and stricter banking rules.

Jun 28, 2026

Indian Stock Market Today: Sensex Rises 400 Points, Nifty Opens Higher as Crude Oil Prices Ease Near $70

Nifty Faces Strong Resistance At 24,500, Sensex May Climb Towards 79,000 If Bullish Momentum Continues

Indian stock markets ended the holiday-shortened week with gains, keeping the positive trend intact. Analysts believe the Nifty could move higher if it crosses 24,500, while the Sensex may rally towards 79,000. Falling crude oil prices and easing geopolitical tensions have improved investor confidence.

Jun 28, 2026

Gold falls 4.63% this week despite late rebound as US dollar strengthens

Currently, gold futures stand at Rs 1,44,199 and silver futures at Rs 2,22,100 per kg.

Jun 27, 2026

Focus on business fundamentals, not stock valuations: NSE CEO

Speaking at the JITO Incubation and Innovation Foundation event, he said public listings help startups and MSMEs raise growth capital while retaining promoter control, improve governance and credibility, attract talent, and make it easier to access financing and plan succession.

Jun 27, 2026

India's forex reserves climb nearly $1 billion to $672.5 billion

India's Forex Reserves Rise Nearly $1 Billion to $672.59 Billion; Gold Reserves Jump $4.11 Billion

The RBI also issued operational clarifications on FCNR-B deposits and announced swap support measures, which are expected to boost foreign currency inflows from non-resident Indians.

Jun 26, 2026

India stays world's fastest-growing economy recording 6.4 pc rise despite Iran war fallout

Goldman Sachs raises India's GDP growth to 6.8 pc after US-Iran peace pact

The investment bank also increased its FY27 GDP growth forecast to 6.5 per cent, lowered its inflation estimate to 4.4 per cent and reduced the current account deficit forecast to 1.1 per cent of GDP. It said India's resilient economic activity, lower energy costs and improved external sector outlook have strengthened the country's macroeconomic prospects.

Jun 26, 2026

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Economy News

RBI appoints Ravi Shankar as Executive Director effective July 1

Trump reports at least $1.4 billion in 2025 crypto earnings

Commercial LPG Prices Slashed; Govt Raises Petrol Export Tax, Cuts Diesel & ATF Levy; Check Updated City-Wise Rates

High Gold, Silver Prices Push Buyers Towards Lightweight Jewellery

Govt reappoints Ravi Agrawal as CBDT Chairman for six months

HDFC Bank shares trade lower after appointing chairman, CEO search on

India's external debt increases to $762.8 billion as non-government borrowings rise: RBI

Missed ITR Verification Deadline? Here's How To Complete It And The Six Official Ways To Do It

Puneet Sharma resigns as Axis Bank CFO after 6-year stint

July 1 financial changes: ITR filing, Aadhaar updates, SBI cards, HDFC lounge access, passport fees and RBI rules explained

Nifty Faces Strong Resistance At 24,500, Sensex May Climb Towards 79,000 If Bullish Momentum Continues

Gold falls 4.63% this week despite late rebound as US dollar strengthens

Focus on business fundamentals, not stock valuations: NSE CEO

India's Forex Reserves Rise Nearly $1 Billion to $672.59 Billion; Gold Reserves Jump $4.11 Billion

Goldman Sachs raises India's GDP growth to 6.8 pc after US-Iran peace pact

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react