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RBI confirmed that Rs 2000 notes remain legal tender, though withdrawn from circulation in May 2023. As of August 31, 2025, Rs 5,956 crore worth remains unreturned—98.33% has been deposited or exchanged. Notes can be exchanged at RBI offices or sent via India Post for bank account credit across 19 designated cities.
Sensex and Nifty ended lower after early gains, dragged by banking and pharma stocks ahead of the GST Council meet and F&O expiry. Sensex fell 206 points to 80,157; Nifty dropped 45 to 24,579. Power Grid gained, while ICICI Bank and M&M slipped. Broader indices rose; Private Bank, Pharma sectors lagged.
Indian Tea Association officials are saying that Trump’s 50% tariffs on imports from India will affect them. They also said that the early import values are high compared to this year, which was a huge loss to them. The previous year their exports were around 17 million kg, now it comes to 6.26 kg. If […]
SEBI has introduced new rules for monitoring intraday positions in equity derivatives. Starting October 1, each entity can hold a net intraday position limit of ₹5,000 crore in index options, up from the end-of-day limit of ₹1,500 crore. The move follows action against Jane Street for allegedly manipulative trading practices.
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.