Economy Archives - Page 59 of 259

Economy

June 3, 2025 10:47 AM

98% of ₹2000 banknotes returned to banks: RBI

The Reserve Bank of India (RBI) provided an update on the status of ₹2000 denomination banknotes on Monday, confirming that 98.26% of these notes have been returned to the banking system since their withdrawal from circulation was announced in Ma...

June 3, 2025 10:41 AM

Markets open marginally lower; midcaps, smallcaps outperform

Indian equity benchmarks opened slightly lower on Tuesday amid ongoing consolidation, with heavyweight stocks like L&T and Bajaj Finance trading in the red. At 9:24 am, the BSE Sensex was down 152 points, or 0.19 per cent, at 81,221.39, whil...

June 2, 2025 4:35 PM

UPI transactions see 23% rise at Rs 25.14 lakh crore in May

The Unified Payments Interface (UPI) recorded a strong rebound in May, processing 18.68 billion transactions, up from 17.89 billion in April, according to data released by the National Payments Corporation of India (NPCI). This marks a 33 per ce...

June 2, 2025 4:27 PM

India manufacturing PMI stands at 57.6 in May: HSBC

India’s manufacturing sector maintained strong momentum in May, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) posting a reading of 57.6, according to data released Monday. While slightly below April’s 58.2, the index rema...

June 2, 2025 3:24 PM

RBI may opt for 50 bps jumbo rate cut to counter uncertainty: SBI report

The Reserve Bank of India (RBI) may implement a 50-basis point rate cut in its June Monetary Policy Committee (MPC) meeting to revive the credit cycle and mitigate economic uncertainty, according to a report by the State Bank of India (SBI) released ...

June 2, 2025 3:17 PM

India to create 7.29 million green jobs by FY28, 35 million by 2047: Report

India’s green economy is growing rapidly and is expected to reach a value of $1 trillion by 2030, and a staggering $15 trillion by 2070, a new report said on Monday. With this massive growth, India is also set to create a huge number of green jobs...

June 2, 2025 11:43 AM

India Stands Out as Global Fintech Bright Spot as Credit Demand Surges

India has emerged as one of the most dynamic fintech markets globally, driven by a potent combination of digital public infrastructure (UPI, Aadhaar, Account Aggregator), a mobile-first population, and regulatory clarity, a report showed on Monday. ...

June 2, 2025 10:11 AM

Nifty, Sensex open lower amid negative global cues

The Indian stock market opened on a weak note on Monday, tracking negative cues from global markets. The benchmark BSE Sensex fell by 676.86 points or 0.83 per cent to 80,774.15 in early trade, while the NSE Nifty declined by 181.15 points or 0.74 pe...

June 1, 2025 12:22 PM

GIFT Nifty hits record $102.35 billion turnover in May

GIFT Nifty recorded its highest-ever monthly turnover of $102.35 billion (₹8,75,098 crore) with 2.10 million contracts traded in May, the National Stock Exchange (NSE) announced on Sunday. Marking a new milestone, GIFT Nifty continues to establish...

May 31, 2025 4:13 PM

Providing service to taxpayers is duty of tax officials: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday emphasized that it is the duty of tax department officials to serve taxpayers, and that this responsibility must be carried out with “transparency and integrity.” “To provide service to the...

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