Gunny bag charges: Centre hikes usage rate by 40% to
India Business News: The Indian government has increased usage charges for gunny bags by 40% to Rs 10.22 per bag, responding to requests from states and Union Territories. Source
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Rupee hits a new low of ₹88
Rupee hits all-time low at 88.19 against USD due to trade tensions, foreign fund outflows, and weak equities. Source
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NSDL IPO Allotment Status Today: Steps To Check Status Online;
NSDL IPO Allotment Status Today: As the basis of allotment of the IPO is expected to be finalised today, the NSDL listing on exchanges will take place on August 6. Source
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Critical minerals pact: India, Japan ink cooperation deal; pact to
India Business News: India and Japan have formalized a mineral resources agreement to diversify critical mineral supply chains, aligning with India’s net-zero goals. The c Source
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Stock markets fall for 3rd day as high tariffs, foreign
Sensex and Nifty drop for third consecutive day due to high tariffs and foreign fund outflows. Source
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India’s Mutual Fund Industry Sees 7-Fold Growth In A Decade:
Equity funds continue to dominate the Indian mutual fund landscape, accounting for nearly 60 per cent of total industry AUM. Source
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End of $800 duty-free exemption: European postal services halt US
International Business News: European postal services are suspending shipments to the United States after Washington announced the end of the long-standing “de minimis” tariff exe. Source
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Stock markets dive; Sensex tanks 706 points as steep 50%
Stock market indices plummet as U.S. tariffs on India take effect, with Sensex and Nifty experiencing significant losses. Source
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India’s Top 1% Hold 60% of Assets; Wealthiest Indians Prefer
Just $2.7 trillion out of the $11.6 trillion wealth held by India’s richest is parked in actively manageable financial instruments, such as MF, equities, insurance, as per report. Source
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Rs 2,929 crore loan fraud: After SBI, Bank of India
India Business News: NEW DELHI: Bank of India classified the loan account of debt-ridden Reliance Communications (RCom) as fraudulent and also named its former director An. Source
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