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SEBI clears LIC's reclassification as public shareholder in IDBI Bank

SEBI clears LIC's reclassification as public shareholder in IDBI Bank

This means LIC will now be treated like any other public investor in IDBI Bank. As per SEBI's rules, LIC's voting rights in the bank will be limited to 10 per cent of the total voting power. "The voting rights of LIC shall not exceed 10 per cent (ten per cent) of the total net effective voting rights of the IDBI Bank," the company said in its regulatory filing. Aug 24, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

GST Reforms Fuel Market Confidence Despite Global Headwinds

"However, the rally lost momentum toward the end of the week as investors turned cautious due to profit booking and external headwinds. A spike in the 10-year Indian government bond yield also raised concerns about the fiscal position in light of the GST reforms," said Vinod Nair, Head of Research, Geojit Investments Ltd. Aug 23, 2025
India's forex reserves jump $1.49 billion to $695.11 billion

India's forex reserves jump $1.49 billion to $695.11 billion

An increase in the country's foreign exchange kitty gives the RBI more headroom to strengthen the rupee vis-a-vis the US dollar. Adequate forex reserves enable the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall and curbing its volatility. Aug 22, 2025
Stock market ends 6-session winning streak amid weak global cues

Stock market ends 6-session winning streak amid weak global cues

Sensex ended the session at 81,306.85, down 693.86 points or 0.85 per cent. Ending upward momentum, the 30-share index opened the session in negative territory at 81,951.48 against last session's closing of 82,000.71. The index further extended the losing momentum to hint intra-day low at 81,291.77 amid overall selling. Aug 22, 2025
Indian stock market opens higher, Sensex above 83,400

Indian stock market ends higher amid GST rate overhaul

Sensex closed at 82,000.71, up 142.97 points or 0.17 per cent. Continuing the rally for the fourth consecutive session, the 30-share index opened with a decent gap-up at 82,220.46 against last session's closing of 81,857.84. However, the index remained range-bound amid profit booking in the Auto and FMCG sectors. Aug 21, 2025
Include mobile phones in 5 pc GST slab of essential goods: Industry

Include mobile phones in 5% GST slab of essential goods: Industry

"The mobile phone is no longer an aspirational good; it is an essential digital infrastructure for education, healthcare, financial inclusion, and governance. It should rightly be taxed at 5 per cent GST, in line with the Prime Minister's GST reform agenda and his vision of a $500 billion electronics ecosystem," said Pankaj Mohindroo, Chairman, ICEA. Aug 19, 2025
Indian stock market ends lower amid US tariff jitters, Sensex declines 765 points

Indian stock market rally continues, Sensex jumps 370 points

Sensex settled at 81,644.39, up 370 points or 0.46 per cent. The 30-share index started the session with a decent gap-up at 81,39.11 against last session's closing of 81,273.75. Continuing the last session's gaining momentum, the index touched an intra-day high at 81,755.88, buoyed by buying in auto, FMCG, oil and gas and others. Aug 19, 2025
Average daily UPI transactions reach Rs 90,446 crore by value in August

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
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