Month: August 2025

Rupee plunges 52 paise to close at 87.70 against U.S. dollar

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Rupee plunges 52 paise to close at 87.70 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters The rupee depreciated 52 paise to close at 87.70 (provisional) against the U.S. dollar on Monday (August 4, 2025), as sustained foreign fund outflows and trade tariff uncertainties dented investors’ sentiment. Forex traders said U.S. President Donald Trump’s tariffs triggered fresh concerns over a much…

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LTIMindtree awarded tender for PAN 2.0, government’s one-stop platform for all PAN issues: Sources

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LTIMindtree awarded tender for PAN 2.0, government’s one-stop platform for all PAN issues: Sources

LTIMindtree will be tasked with designing, procuring, developing, installing, commissioning, operating, and maintaining all the infrastructure components, including hardware, software, networking, and PCs for the entire PAN 2.0 system 2. | Photo Credit: Reuters The government’s PAN 2.0 project, which aims to bring onto one platform all the services relating to Permanent Account Numbers (PAN)…

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Sensex rises 419 points to close above 81k level on gains in metal, auto shares

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Sensex rises 419 points to close above 81k level on gains in metal, auto shares

Bombay Stock Exchange (BSE). | Photo Credit: Reuters Benchmark BSE Sensex rose by nearly 419 points to close above the 81,000 level while Nifty jumped 157 points on Monday (August 4, 2025) following gains in metal, commodities and auto shares amid a firm trend in global markets. The 30-share Sensex gained 418.81 points or 0.52%…

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Diageo India added ₹49,000 crore to Indian economy: report

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Diageo India added ₹49,000 crore to Indian economy: report

Diageo India’s operations added approximately ₹49,000 crore in value to the Indian economy in 2023-24 and the company supported nearly 6.5 lakh jobs in that year said ⁠Pahlé India Foundation (PIF), in its report “Economic and Social Impact Assessment of Diageo India”. Employing the input-output model developed by Nobel Laureate Professor Wassily Leontief, the report which provides…

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GST evasion of ₹7.08 lakh crore detected in five years, includes input tax credit fraud of ₹1.79 lakh crore

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GST evasion of ₹7.08 lakh crore detected in five years, includes input tax credit fraud of ₹1.79 lakh crore

Wooden letters GST and money coin stack on red table background, financial concept | Photo Credit: Getty Images/iStockphoto “Central Goods & Services Tax (GST) field officers have detected tax evasion of about $7.08 lakh crore in the last five years till 2024-25 fiscal, including input tax credit (ITC) fraud of about ₹1.79 lakh crore,” Parliament…

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Tata Investment Corporation PAT net up 11.6% at ₹146.3 crore

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Tata Investment Corporation PAT net up 11.6% at ₹146.3 crore

 The company had posted a consolidated profit after tax of ₹131.07 crore in the same quarter last fiscal, Tata Investment Corporation Ltd said. File. | Photo Credit: The Hindu Tata Investment Corporation Ltd on Monday (August 4, 2025) reported an 11.6% increase in consolidated profit after tax at ₹146.3 crore in the first quarter ended…

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Access Denied

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Access Denied

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Govt notifies new vegetable oil regulation order to enhance transparency, oversight

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Govt notifies new vegetable oil regulation order to enhance transparency, oversight

Representational file image. | Photo Credit: M. Moorthy The government has notified a new framework for the edible oil industry, imposing stricter registration and reporting requirements on producers to enhance transparency and oversight, according to an official release. The 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, notified on August 1 by the…

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IOC buys seven million barrels of U.S., West Asia crude after Russian oil pause

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IOC buys seven million barrels of U.S., West Asia crude after Russian oil pause

India, the world’s third-largest oil importer, is the biggest buyer of seaborne Russian crude. | Photo Credit: Reuters Indian Oil Corporation (IOC), the country’s top refiner, has bought seven million barrels of September-arrival crude from the United States, Canada and West Asia via a tender, several trade sources said on Monday (August 4, 2025). IOC’s…

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