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Category: Business

Business

Sugar ex-mill prices down 18% to ₹55/kg after import move, curbs on hoarding: Food secretary

Posted on August 25, 2026 By admin
Sugar ex-mill prices down 18% to ₹55/kg after import move, curbs on hoarding: Food secretary

The decline in ex-mill prices is yet to filter down to wholesale and retail markets. | Photo Credit: The Hindu The ex-mill price of sugar has declined by 18% to ₹55 per kg since the government’s decision to allow imports and clamp down on speculation and hoarding of the sweetener, Food Secretary Sanjeev Chopra said….

Read More “Sugar ex-mill prices down 18% to ₹55/kg after import move, curbs on hoarding: Food secretary” »

Business

SEBI’s ITRI — a global test for India’s future-ready financial architecture | Explained

Posted on August 25, 2026 By admin
SEBI’s ITRI — a global test for India’s future-ready financial architecture | Explained

The story so far: Market regulator Securities and Exchange Board of India (SEBI) has introduced a technology health scorecard for market infrastructure institutions (MIIs) to measure the robustness of their critical IT systems rather than merely checking routine compliance. SEBI’s IT Resilience Index (ITRI) appears to be among the first attempts globally by a regulator…

Read More “SEBI’s ITRI — a global test for India’s future-ready financial architecture | Explained” »

Business

Rupee falls 4 paise to 95.74 against U.S. dollar in early trade

Posted on August 25, 2026 By admin
Rupee falls 4 paise to 95.74 against U.S. dollar in early trade

Puzzle-shaped 100 American dollar banknote and gold-colored Indian Rupee symbol. On a charcoal green-colored background. Horizontal composition with copy space. Isolated with clipping path. | Photo Credit: Getty Images/iStock The rupee traded in a narrow range and fell 4 paise to 95.74 against the American currency in early trade on Tuesday (August 25, 2026), as…

Read More “Rupee falls 4 paise to 95.74 against U.S. dollar in early trade” »

Business

U.S. sanctions oil trader Wellbred over Iran links

Posted on August 25, 2026 By admin
U.S. sanctions oil trader Wellbred over Iran links

U.S. President Donald Trump gestures aboard the aircraft carrier USS George Washington, during a visit to U.S. Navy’s Yokosuka base in Yokosuka, Japan. File | Photo Credit: Reuters The United States imposed sanctions on Singapore-based Wellbred Capital and ​its trading firms in the United Arab Emirates ‌and Switzerland, citing links with Iran, as ​it steps…

Read More “U.S. sanctions oil trader Wellbred over Iran links” »

Business

Markets decline in early trade amid elevated crude oil prices, escalating geopolitical tensions

Posted on August 25, 2026 By admin
Markets decline in early trade amid elevated crude oil prices, escalating geopolitical tensions

Brokers track market trends. File | Photo Credit: ANI Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (August 25, 2026) amid renewed escalation in the U.S.-Iran standoff and elevated crude oil prices. The 30-share BSE Sensex was down 30 points to 77,336.32 in early trade. The 50-share NSE Nifty dipped 38.80…

Read More “Markets decline in early trade amid elevated crude oil prices, escalating geopolitical tensions” »

Business

UPI completes 10 years of digital payments, sees 13,000-fold surge in transaction volume, 4,000-fold rise in value

Posted on August 25, 2026 By admin
UPI completes 10 years of digital payments, sees 13,000-fold surge in transaction volume, 4,000-fold rise in value

Image used for representational purposes only. | Photo Credit: J. Allen Egenuse The Unified Payments Interface (UPI), launched on 25 August, 2016, by the National Payments Corporation of India (NPCI) has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digital payments ecosystem and a critical driver…

Read More “UPI completes 10 years of digital payments, sees 13,000-fold surge in transaction volume, 4,000-fold rise in value” »

Business

Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices

Posted on August 24, 2026 By admin
Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices

India, the world’s second-largest wheat producer, had banned wheat exports in May 2022 as part of measures to control rising domestic prices. File. | Photo Credit: PTI The government on Monday (August 24, 2026) lifted the export ban on wheat and wheat products with immediate effect and said the decision is aimed at boosting farmers’…

Read More “Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices” »

Business

Sugar prices fall in the domestic market; concerns remain on price volatility

Posted on August 24, 2026 By admin
Sugar prices fall in the domestic market; concerns remain on price volatility

ISMA Director General Deepak Ballani addresses a press conference on the recent surge in domestic sugar prices, in New Delhi on August 24. | Photo Credit: ANI With the government’s announcement last week permitting import of 10 lakh tonnes of raw sugar, the domestic prices are cooling down. However, volatility in domestic sugar prices continues…

Read More “Sugar prices fall in the domestic market; concerns remain on price volatility” »

Business

Bank unions threaten nationwide strike on September 11 to press for 5-day banking

Posted on August 24, 2026 By admin
Bank unions threaten nationwide strike on September 11 to press for 5-day banking

Members of United Forum of Bank Unions (UFBU) staging a demonstration, demanding the implementation of 5-day banking, in Madurai. | Photo Credit: Ashok R The United Forum of Bank Unions (UFBU) will begin a nationwide strike on September 11 over the delay in implementing a five-day banking week, differences over performance-linked incentive schemes, and several…

Read More “Bank unions threaten nationwide strike on September 11 to press for 5-day banking” »

Business

IndiGo co-founder Rakesh Gangwal donates additional ₹300 crore for medical school at IIT Kanpur

Posted on August 24, 2026 By admin
IndiGo co-founder Rakesh Gangwal donates additional ₹300 crore for medical school at IIT Kanpur

IIT Kanpur alumnus and IndiGo co-founder Rakesh Gangwal | Photo Credit: By Special Arrangement IIT Kanpur alumnus and IndiGo co-founder Rakesh Gangwal has committed an additional ₹300 crore towards the development of the Gangwal School of Medical Sciences and Technology at IIT Kanpur. The contribution follows his earlier donation of ₹100 crore in 2022, which…

Read More “IndiGo co-founder Rakesh Gangwal donates additional ₹300 crore for medical school at IIT Kanpur” »

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