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Category: Business

Business

Modernisation of financial architecture: how India is adopting stablecoins

Posted on October 8, 2025 By admin
Modernisation of financial architecture: how India is adopting stablecoins

Stablecoins are a category of crypto assets that aim to maintain a stable value relative to a specified asset, or basket of assets, providing perceived stability. Various definitions of stablecoins exist, with different countries; standard-setting bodies such as the Financial Stability Board, Bank for International Settlements and International Monetary Fund; and many central banks contributing…

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Posted on October 7, 2025 By admin

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ONGC asked to pay ₹60 lakh as penalties for alleged discrepancy in excise duty payment of Rajahmundry asset

Posted on October 7, 2025 By admin
ONGC asked to pay ₹60 lakh as penalties for alleged discrepancy in excise duty payment of Rajahmundry asset

According to ONGC, it had already paid ₹42 lakh for the quantity it had produced itself and sought exemption of the approx. ₹18 lakh, for the quantity produced by the contractor, as per relevant provisions back then. File. | Photo Credit: Reuters State-owned explorer Oil and Natural Gas Company (ONGC) informed Tuesday that the Vijayawada…

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Posted on October 7, 2025 By admin

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Business

Rupee settles 4 paise lower at 88.78 against U.S. dollar

Posted on October 7, 2025 By admin
Rupee settles 4 paise lower at 88.78 against U.S. dollar

Rupee traded in a tight range as investors preferred to remain on the sidelines amid uncertainties over global trade, forex traders said. | Photo Credit: Reuters The rupee fell 4 paise to close at 88.78 (provisional) against the US dollar on Tuesday (October 7, 2025), weighed down by a strong American currency overseas and unabated…

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Business

Stock markets advance for fourth day on buying in HDFC Bank, ICICI Bank

Posted on October 7, 2025 By admin
Stock markets advance for fourth day on buying in HDFC Bank, ICICI Bank

Among Sensex firms, Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, HDFC Bank, Bajaj Finance, Tata Steel and ICICI Bank were among the major gainers. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty advanced for the fourth consecutive day on Tuesday (October 7, 2025), helped by a rally in blue-chip bank stocks and…

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Business

Nirmala Sitharaman flags weaponisation of technology, bats for using it for global good

Posted on October 7, 2025 By admin
Nirmala Sitharaman flags weaponisation of technology, bats for using it for global good

Finance Minister Nirmala Sitharaman addresses the gathering during the ‘Global Fintech Fest 2025’, in Mumbai, on October 7, 2025 | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Tuesday (October 7, 2025) pitched for using technology for public good, while expressing her disappointment at “weaponising” the advancements at the global level. The Finance Minister…

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New law is choking us, online gaming firms tell Supreme Court

Posted on October 7, 2025 By admin
New law is choking us, online gaming firms tell Supreme Court

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Online gaming companies on Tuesday (October 7, 2025) said the new online gaming law has not left them even an “avenue of functioning” and employees are being laid off. “Our business is closed completely. Employees are laid-off. It is a huge issue for us,”…

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Business

Equity markets rally in early trade amid sustained buying

Posted on October 7, 2025 By admin
Equity markets rally in early trade amid sustained buying

Foreign Institutional Investors offloaded equities worth ₹313.77 crore on October 6, 2025. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty were trading in the positive territory in early trade on Tuesday (October 7, 2025), extending their winning momentum to the fourth day running, helped by a rally in blue-chip stocks and continuous…

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Business

Rupee slips 1 paisa to 88.75 against U.S. dollar in early trade

Posted on October 7, 2025 By admin
Rupee slips 1 paisa to 88.75 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Getty Image/iStockphoto Rupee fell 1 paisa to 88.75 against the U.S. dollar in early trade on Tuesday (October 7, 2025) amid a strong American currency and uncertainties looming over the India-US trade deal. According to forex traders, the Indian currency is under pressure due to unabated…

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