Month: August 2025

Supreme Court admits Google appeal against order on Google Play billing case

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Supreme Court admits Google appeal against order on Google Play billing case

A Bench headed by Justice P.S. Narasimha also admitted appeals filed by the Competition Commission of India and the Alliance Digital India Foundation, and listed the matter for hearing in November. | Photo Credit: Reuters The Supreme Court on Friday (August 8, 2025) admitted an appeal filed by Alphabet, the parent company of online search…

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Rupee falls 13 paise to close at 87.71 against U.S. dollar

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Rupee falls 13 paise to close at 87.71 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters Rupee depreciated 13 paise to close at 87.71 (provisional) against U.S. dollar on Friday (August 8, 2025), weighed down by weak domestic equities as India-U.S. trade deal uncertainty continues to dent domestic market sentiments. Forex traders said rupee is trading in a narrow range amid…

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Tesla India takes on lease 8,200 sq. ft. commercial space in Delhi’s Aerocity

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Tesla India takes on lease 8,200 sq. ft. commercial space in Delhi’s Aerocity

Elon Musk-led Tesla made its India retail debut last month with a store in the Bandra Kurla Complex business district in suburban Mumbai. File | Photo Credit: Reuters Electric vehicle giant Tesla, which is expanding its presence in India, has rented 8,200 sq. ft. of commercial space in Delhi’s Aerocity for a starting rent of…

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Sensex dives 765 points, Nifty drops to 24,363.30 level amid foreign fund exodus, tariff jitters

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Sensex dives 765 points, Nifty drops to 24,363.30 level amid foreign fund exodus, tariff jitters

FIIs offloaded equities worth ₹4,997.19 crore on August 7, 2025, according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty tumbled on Friday (August 8, 2025) amid non-stop foreign fund outflows and tariff-related jitters. The 30-share BSE Sensex tanked 765.47 points or 0.95% to settle at 79,857.79. During the…

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Income Tax Bill withdrawn; updated version likely in Lok Sabha on August 11, 2025

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Income Tax Bill withdrawn; updated version likely in Lok Sabha on August 11, 2025

Finance Minister Nirmala Sitharaman speaks in the Lok Sabha on August 8, 2025. Photo: Sansad TV via PTI Amid persistent disruptions in the Lok Sabha by Opposition members demanding a discussion on the special intensive revision (SIR) of electoral rolls in Bihar, Finance Minister Nirmala Sitharaman on Friday withdrew the Income Tax Bill, 2025 as…

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SBI Q1 Results FY26: Net Profit Rises 12% to ₹19,160 Crore, Asset Quality Improves

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SBI Q1 Results FY26: Net Profit Rises 12% to ₹19,160 Crore, Asset Quality Improves

The logo of State Bank of India (SBI) is seen on the facade of its headquarters in Mumbai. | Photo Credit: Reuters The country’s largest lender State Bank of India (SBI) for the first quarter ended June 30, 2025 reported 12.48% Year on Year (YoY) growth at ₹19,160 crore due to operational efficiency and treasure…

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Punitive U.S. tariffs could cause Kerala economy to regress into COVID-19 era, says State Finance Minister

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Punitive U.S. tariffs could cause Kerala economy to regress into COVID-19 era, says State Finance Minister

Kerala Finance Minister K.N. Balagopal | Photo Credit: S. MAHINSHA Kerala’s Finance Minister K.N. Balagopal on Friday (August 8, 2025) said the United States of America (USA)‘s punitive tariffs on India could send shock waves through Kerala’s economy.  He said U.S. President Donald Trump’s “tariff bullying”, ostensibly to punish India for importing crude from Russia,…

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Moody’s warns U.S. tariffs may hurt India’s manufacturing push, slow growth

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Moody’s warns U.S. tariffs may hurt India’s manufacturing push, slow growth

Image for representational purposes only. U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said. | Photo Credit: Reuters U.S. President Donald Trump’s steep 50% tariffs on Indian imports could severely undermine India’s manufacturing ambitions and slow economic growth, Moody’s Ratings said…

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Stock markets trade lower in early trade amid persistent foreign fund outflows, tariff jitters

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Stock markets trade lower in early trade amid persistent foreign fund outflows, tariff jitters

The 30-share BSE Sensex declined 242.24 points to 80,381.02 in early trade and the 50-share NSE Nifty dropped 54.85 points to 24,541.30. File | Photo Credit: AP Equity benchmark indices Sensex and Nifty declined in early trade on Friday (August 8, 2025) amid non-stop foreign fund outflows and tariff-related jitters. The 30-share BSE Sensex declined…

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Rupee falls 5 paise to 87.63 against U.S. dollar in early trade

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Rupee falls 5 paise to 87.63 against U.S. dollar in early trade

This file image is used for representational purposes only. | Photo Credit: AP The rupee traded in a tight range and fell 5 paise to 87.63 against the U.S. dollar, with depreciation pressures still lingering amid persistent trade uncertainty and a firm U.S. dollar backdrop. Forex traders said the rupee is trading in a narrow…

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