MUMBAI: RBI has said that total forex mobilisation under its concessional dollar swap facility has crossed $40 billion, more than doubling in a fortnight and surpassing the FCNR(B) deposit mobilisation seen during the 2013 special window despite higher US bond yields and tax-related challenges affecting NRI investments.Authorised dealer banks had mobilised $40.8 billion under the…
NEW DELHI: The I-T department on Saturday said that 5.9 crore returns had been filed till July 31, the deadline for most individuals to make their annual filing.The number is lower than the over 7.3 crore returns that were filed by Sept 16, 2025, which was the extended deadline for filing last year. The numbers…
MUMBAI: Zepto on Saturday said that it will raise funds through a pre-IPO financing amid tepid response from investors to its public listing.Zepto did not share the specifics of the transaction but said that the move will strengthen its balance sheet. It is looking to raise around Rs 1,000 crore through the round at a…
MUMBAI: UPI transactions scaled new highs in July 2026, while NETC FASTag transactions declined on a year-on-year basis. UPI processed 2,366 crore transactions in July, up 4.1% from 2,272 crore in June. On a year-on-year basis, transaction count grew 22%. In contrast, NETC FASTag processed 34.7 crore transactions in July, down 4.1% from 36.2 crore…
MUMBAI: Markets regulator Sebi has banned Zee group’s Subhash Chandra and Punit Goenka from the market for one year for fraudulently pledging Zee Entertainment Enterprises (ZEEL)’s land parcels in Hyderabad as a security for personal loans. Chandra has also been fined Rs 60 lakh, Goenka Rs 58 lakh and the company Rs 30 lakh for…
MUMBAI: Zepto will defer its public listing by two to three quarters, co-founder & CEO Aadit Palicha told employees in a town hall on Friday, people familiar with the matter said. The quick commerce startup which was initially eyeing a listing around July has stalled the process after getting a tepid response from investors over…
NEW DELHI: Apple posted a record June quarter in India, with CEO Tim Cook identifying the country among its best-performing markets globally.During the company’s earnings call, Cook said Apple achieved June-quarter revenue records across every geographic segment, including India, the US, China mainland, Japan, Southeast Asia, Latin America and Western Europe. The company also posted…
After months of sustained selling, foreign investors are beginning to turn more positive on India, with equities now “probably oversold”, Motilal Oswal Financial Services chairman Raamdeo Agrawal said on Saturday, even as he warned that geopolitical uncertainties and elevated oil prices continue to cloud the outlook.Speaking to news agency ANI, Agrawal said that a large…
India’s Unified Payments Interface (UPI) continued its upward trajectory in July, clocking its highest-ever monthly transaction value. According to data released by the National Payments Corporation of India (NPCI), the platform touched a new peak in transaction volumes, while the value of transactions reached Rs 29.88 lakh crore in July.The platform processed 23.66 billion transactions…
Samudra Manthan scheme expected to add over 600 MMTOE of reserves and will be implemented through FY 2030-31. (Representative image) On August 15, 2025, Prime Minister Narendra Modi spoke of energy security, announcing the National Deep Water Exploration Mission. “To make the country developed, we are now moving towards ‘Samudra Manthan’ (churning of the ocean)….
