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Month: July 2025

Rupee falls 14 paise to close at 86.30 against U.S. dollar

Posted on July 21, 2025 By admin
Rupee falls 14 paise to close at 86.30 against U.S. dollar

Foreign institutional investors purchased equities worth ₹374.74 crore on a net basis on July 18, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated 14 paise to close at 86.30 (provisional) against the U.S. dollar on Monday (July 21, 2025) due to consistent dollar demand from oil importers. Forex traders said…

Read More “Rupee falls 14 paise to close at 86.30 against U.S. dollar” »

Business

PM Internship Scheme: 6% of recipients of offers have joined work so far

Posted on July 21, 2025 By admin
PM Internship Scheme: 6% of recipients of offers have joined work so far

Photo: pminternship.mca.gov.in A little more than 50,000 candidates have so far accepted the 1.53 lakh offers made by companies under the Prime Minister Internship Scheme (PMIS), according to data provided by the government to the Lok Sabha. Of those who have accepted, 8,700 or about 6% have so far joined their respective companies as interns….

Read More “PM Internship Scheme: 6% of recipients of offers have joined work so far” »

Business

Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email

Posted on July 21, 2025 By admin
Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email

The Parliamentary Select Committee appointed to review the new Income Tax Bill 2025 proposed by the government has retained the provisions in the new Bill empowering tax officials to access, forcibly if necessary, the social media and private emails of people they are conducting search and seizure operations on.  The Income Tax Bill 2025 was…

Read More “Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email” »

Business

A note on multi-asset funds

Posted on July 21, 2025 By admin
A note on multi-asset funds

The number of asset management companies (AMC) have increased over the years. This makes it difficult for product differentiation in the equity space, as funds typically invest within the universe of 500 stocks comprising large-caps, mid-caps and small-caps. It is, therefore, not surprising to see AMCs creating different products to woo investors. A differentiating product…

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Business

Personal loan: avoid 5 mistakes

Posted on July 21, 2025 By admin
Personal loan: avoid 5 mistakes

Personal loan is often the preferred credit option for those seeking quick credit access with minimal documentation and no collateral. However, this ease of access leads many borrowers to overlook crucial aspects, leading to higher interest costs, unexpected charges or even a debt trap. Here are five common mistakes loan applicants should avoid: Not getting…

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Business

Money making money even while one is asleep

Posted on July 21, 2025 By admin
Money making money even while one is asleep

If a child pesters his father for money, his usual retort would be, “Do you think I’m out there shaking a money tree.” Yes, in a way, he is right, you can’t just pluck money off a tree. But even a small penny is like a seemingly small seed, which when nurtured and nourished carefully,…

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Business

India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations

Posted on July 20, 2025 By admin
India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations

Image used for representative purpose only. | Photo Credit: Mohammed Yousuf The U.S., UAE, and China have emerged as the top three export destinations for India’s electronics sector during April-June quarter of 2025-26, according to the Commerce Ministry data. The Netherlands and Germany are other major export destinations for the country’s electronic exports. During April-June…

Read More “India’s electronics exports jump 47% in Q1; U.S., UAE, China top destinations” »

Business

India-EFTA trade pact to be implemented from October 1: Piyush Goyal

Posted on July 19, 2025 By admin
India-EFTA trade pact to be implemented from October 1: Piyush Goyal

The Free Trade Agreement between India and the four-nation European bloc EFTA will be implemented from October 1, Commerce and Industry Minister Piyush Goyal said on Saturday (July 19, 2025). The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of…

Read More “India-EFTA trade pact to be implemented from October 1: Piyush Goyal” »

Business

Gujarat tops in production and export of processed potatoes in India

Posted on July 14, 2025 By admin
Gujarat tops in production and export of processed potatoes in India

Farmer harvesting Red Potato, especially harvested for McCain French Fries at Deesa farm in Ahmedabad, Gujarat. | Photo Credit: Vijay Soneji Gujarat recorded a total production of 48.59 lakh tonnes of potatoes in the 2024–25 season, which includes varieties cultivated for processing into French fries and wafers, officials said on Monday. The State has emerged…

Read More “Gujarat tops in production and export of processed potatoes in India” »

Business

Assam’s Woolah Tea secures patent for India’s first bagless tea

Posted on July 2, 2025 By admin
Assam’s Woolah Tea secures patent for India’s first bagless tea

Woolah bagless tea | Photo Credit: Prabalika M Borah Assam’s first bagless tea brand, Woolah Tea, has been granted a 20-year patent (No. 567895) for its innovative ‘compressed true whole leaf tea dips and method thereof’ (patent name). Founded by Upamanyu Borkotoky and Ansuman Bharali from Sibsagar district in Assam, Woolah is a start-up rooted…

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