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Onion farmers in Andhra Pradesh are facing severe losses as market prices have plummeted. A farmer in Kodamuru sold a quintal for just ₹400. In Kurnool district, onions were cultivated on 10,469 hectares, but traders are undercutting prices due to low quantities. Last year’s ₹5,000 per quintal has now dropped to ₹600.
The Sensex and Nifty opened at fresh record levels in early trade on Tuesday, September 2, 2025. The Sensex started trading today at 80520.09, up at 155.60 points or 0.19%, and the Nifty was at 24653.00, up at 27.95 points or 0.11%. Meanwhile, the Indian rupee was trading today at 88.09 against the dollar.
Nestle SA ousted CEO Laurent Freixe after a year over an undisclosed romance with a subordinate, appointing Philipp Navratil as successor. The probe, led by Chairman Paul Bulcke, stressed governance values. Freixe, who replaced Mark Schneider, pursued growth strategies. Navratil, a 20-yr veteran, vowed to advance Nestle’s strategic direction and performance.
India’s GST revenue rose 6.5% year-on-year in August 2025 to ₹1.86 lakh crore, driven by domestic demand. However, collections dipped from July’s ₹1.96 lakh crore. Export refunds fell sharply, and import tax collections declined. Experts expect festive season demand to boost future collections, though upcoming GST rate cuts may moderate revenue growth.
The Unified Payments Interface (UPI) set a new record in India by crossing 20 billion transactions in a single month for the first time. According to August 2025 data released by the National Payments Corporation of India (NPCI), UPI usage was highest in categories such as groceries and loan collections, reflecting its growing everyday utility.
OpenAI, backed by Microsoft, is exploring local partners to set up a 1 GW data center in India under its Stargate AI infrastructure push, Bloomberg reported. The firm, already registered in India and planning a New Delhi office, may see CEO Sam Altman announce the project during his September visit. Timeline and location remain uncertain.
The rupee dropped 17 paise to 88.26 against the US dollar in early trading today due to ongoing outflows of foreign portfolio investors (FPIs) and worries about US tariffs. Forex traders have observed weak investor sentiment. They anticipate that the local currency will continue to be under pressure until US tariffs decrease globally.
Here are the silver prices per 10 grams today in top cities of India. ★ Chennai – ₹1,349, ★ Mumbai – ₹1,249, ★ Delhi – ₹1,249, ★ Kolkata – ₹1,249, ★HYD – ₹1,249, ★ Bangalore – ₹1,249, ★ Kerala – ₹1,249, ★ Pune – ₹1,249, ★ Ahmedabad – ₹1,249, ★ Jaipur – ₹1,249, ★ Lucknow […]
The Sensex and Nifty opened at fresh record levels in early trade on Monday, September 1, 2025. The Sensex started trading today at 80054.63, up at 244.98 points or 0.31%, and the Nifty was at 24500.75, up at 73.90 points or 0.30%. Meanwhile, the Indian rupee was trading today at 88.20 against the dollar.
Oil prices stabilized, with WTI below $64 and Brent close to $67 by a monthly drop. India’s reaction to US pressure regarding Russian imports is being watched by traders. Markets are impacted by concerns about a trade war and OPEC+ oversupply. A record glut is imminent as geopolitical tensions rise and a crucial OPEC+ meeting […]
In a major development, IT giant IBM has announced the establishment of a new quantum computer center at Quantum Valley Tech Park in Amaravati, Andhra Pradesh. Scheduled to launch by March 2026, IBM spokesperson Crowder stated that India is poised to become a global leader in quantum computing and emphasized the need for further research.
Adani Power received a 25-yr LoA from BSPGCL to supply electricity from a 2,400 MW ultra-supercritical plant at Pirpainti, Bihar. The $3 billion project, won via competitive bidding at Rs 6.075/kWh, will generate 10,000-12,000 construction jobs and 3,000 operational jobs, boosting Bihar’s industrialisation and supporting India’s growing power demand.
The Sensex and Nifty opened at fresh record levels in early trade on Friday, August 29, 2025. The Sensex started trading today at 80010.83, down at 69.74 points or 0.09%, and the Nifty was at 24466.70, down at 34.20 points or 0.14%. Meanwhile, the Indian rupee was trading today at 87.71 against the dollar.
Nike is cutting less than 1% of corporate staff as part of a restructuring to spark a turnaround. With 77,800 global employees, numbers by office remain undisclosed. CEO Elliott Hill has overhauled leadership, reset priorities, and restructured divisions. Shares rose 0.5%, though trailing the S&P 500’s gains. Staff were told to work remotely next week.
Raghuram Rajan says Trump’s high tariffs on India are about power, not just trade. Trump sees tariffs as revenue and a tool to pressure countries like India for buying Russian oil. India faces harsher tariffs than others, showing the US-India relationship has worsened beyond fairness or sovereignty concerns.