IBT Business Desk

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Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

Finance Act 2025 provides substantial relief under new tax regime: Minister

The new measures will play a significant role in creating a fair and equitable system of direct taxation that ensures no additional burden of direct taxes on the working and middle-class population of the country, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply. Aug 4, 2025
Sensex, Nifty open flat as investors await RBI's repo rate decision

Indian stock market rallies, Sensex jumps 418 points

Sensex closed at 81,018.72, up 418.81 points or 0.52 per cent. The 30-share index started the session with a decent gap-up at 80,765.83 against the last day's closing of 80,599.91. The index extended the momentum further following buying in IT, Metal and auto stocks and touched an intraday high of 81,093.19. Aug 4, 2025
India's wealthiest 1 pc holds 60 pc assets in real estate, gold: Report

India's wealthiest 1 pc holds 60% assets in real estate, gold: Report

This segment of 'wealthiest citizens' is comprised of Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI) and the affluent class, which accounts for only 1 percent of Indian households but controls nearly 60 per cent of the country's total assets, the report by US-based wealth management firm Bernstein said. Aug 4, 2025
Indian rupee strengthens against US dollar

Indian rupee strengthens against US dollar amid US tariff row

The local currency opened at 87.22 against the US dollar, up 32 paise from Friday's close of 87.54. The dollar index approached 100, causing the rupee to fall 100 paise, closing at 87.52 per dollar on August 1, down from 86.52 per dollar on July 25 and a low of 87.73 during the week. Aug 4, 2025
Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

Number of Jan Dhan accounts crosses 55 crore, FM Sitharaman tells banks to reach out more

In a post on X, the Finance Minister said, "With the scheme completing 10 years and KYC being mandatory for these accounts, I have urged banks to proactively reach out to people and simplify this process. In this regard, starting from July 1, 2025, banks have launched this campaign, under which approximately 1 lakh Gram Panchayats have been covered so far." Aug 3, 2025
Indian startups raise $184.75 million this week

India's BHASKAR Platform Already Registers 1.97 Lakh Startups and Still Counting

The government is undertaking various outreach and awareness measures for BHASKAR across States/UTs to understand the requirement and experience of key user stakeholders, including small and micro-enterprises, said Minister of State for Commerce and Industry, Jitin Prasada, in a written reply in the Rajya Sabha. Aug 2, 2025
NSDL IPO issue oversubscribed by 15 times

NSDL IPO issue oversubscribed by 15 times

Non-institutional investors (NII) led the subscription race, overbooking their reserved section nearly 20 times. Employees booked their reserved portion nearly 10 times, while Retail Individual Investors (RII) subscribed nearly six times. QIBs subscribed to their allocated portion over three times. Aug 1, 2025
SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

SC issues notice to RBI, ED, TRAI, states on plea to ban all betting apps

The petitioner, Dr K.A. Paul, claiming himself to be "a prominent social activist, humanitarian, and President of Global Peace Initiative, which is dedicated to promoting peace and justice globally", said the plea was filed in the interest of millions of people and to protect the sanity and democracy in India by banning "illegal" betting apps. Aug 1, 2025
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