From August 25, India Post will halt acceptance of most parcels to the US due to new customs duties under the IEEPA, effective August 29. Only letters, documents, and gift items under $100 will be accepted. The suspension follows unclear duty collection processes and similar pauses by several global postal services.
Intel will give the US government a 9.9% stake worth $8.9 billion, President Trump and the company announced. The deal includes $5.7 billion in pending CHIPS Act grants and $3.2 billion from the Secure Enclave program. Trump hailed the agreement as America “owning 10% of Intel,” while officials called it a semiconductor leadership boost.
The Sensex dropped 694 points to close at 81,306.85, while the Nifty-50 fell 214 points to settle at 24,870, marking a weak end to the trading week. However, broader markets outperformed, with Nifty Midcap 100 and Smallcap 100 slipping just 0.12% and 0.27%, respectively. The rupee stood at 87.53 against the dollar.
Spinner Ravichandran Ashwin has reacted to his retirement from international cricket. Ashwin surprised everyone by saying goodbye to cricket in December 2024. In a recent update, Ashwin revealed the reasons behind his retirement and stated that the main reason for this decision was physical and mental fatigue.
The Sensex and Nifty opened at fresh record levels in early trade on Friday, August 22, 2025. The Sensex started trading today at 81951.48, down at 49.23 points or 0.06%, and the Nifty was at 25064.15, down at 19.60 points or 0.08%. Meanwhile, the Indian rupee was trading today at 87.33 against the dollar.
An earthquake hit Gujarat’s Kutch district, with locals feeling two tremors within seven minutes. The first, a mild quake of 3.4 magnitude, struck at 10:12 PM last night, followed by an aftershock. Panic spread as residents rushed out of their homes fearing further quakes. Officials confirmed the seismic activity but reported no damage.
The Union Cabinet has approved a proposal to revise GST slabs, with a final decision expected in next month’s GST Council meeting. The 12% and 28% slabs will be removed, retaining only 5% and 18% rates. This move, aimed at simplifying taxation, may lower prices of automobiles and essential commodities across the country.
Sensex rose 143 points to 82,001 and Nifty added 33 to close at 25,084, marking a sixth straight gain. Reliance and ICICI Bank led advances. Broader indices slipped, with MidCap and SmallCap down 0.5% and 0.4%. BSE and Angel One fell up to 7% after SEBI hinted at F&O product tenure changes.
The Sensex and Nifty opened at fresh record levels in early trade on Thursday, August 21, 2025. The Sensex started trading today at 82107.01, up at 249.17 points or 0.30%, and the Nifty was at 25142.00, up at 91.45 points or 0.37%. Meanwhile, the Indian rupee was trading today at 86.91 against the dollar.
Elon Musk has paused plans to form his own political party, citing a focus on business. Initially proposing the ‘America Party’ after a feud with Trump, Musk is maintaining ties with Vice President JD Vance and may financially back him for a 2028 presidential run. Vance hopes Musk returns to the Republican fold before midterms.