Business News: Economy & Markets

SBI to file CBI complaint after tagging RCom, Anil Ambani as ‘Fraud’: MoS Pankaj Chaudhary

IANS | July 22, 2025 12:24 PM

New Delhi, July 22 (IANS) Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified Reliance Communications Limited (RCOM), along with Promoter Director Anil D. Ambani, as “Fraud” in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and the bank’s board-approved policy on Classification, Reporting & Management of Frauds. The bank is now in the process of filing a complaint with the Central Bureau of Investigation (CBI), the minister informed.

Record Rs 14,750 crore worth luxury homes sold in Mumbai in 2025 first half

IANS | July 22, 2025 12:02 PM

Mumbai, July 22 (IANS) Mumbai’s luxury real estate market (Rs 10 crore and above) has set a new benchmark in the first half of 2025, recording the highest-ever half-yearly sales of Rs 14,750 crore across primary and secondary transactions, a report showed on Tuesday.

Gujarat sees over 37 lakh new MSME registrations in last 5 years: Union Minister

IANS | July 22, 2025 11:26 AM

New Delhi, July 22 (IANS) Gujarat has witnessed registration of 37,56,390 new Micro, Small, and Medium Enterprises (MSMEs) in the last five years, said Union Minister of State for MSMEs, Shobha Karandlaje, in the Parliament.

India’s smartphone market grows 7 pc to reach 39 million units in April-June

IANS | July 22, 2025 10:40 AM

New Delhi, July 22 (IANS) Driven by easing inventory challenges and renewed vendor activity, India’s smartphone market rebounded in the April-June period, growing 7 per cent year to reach 39 million units, according to a new report.

Every 1 in 5 GST taxpayers in India now a woman: SBI Research

IANS | July 22, 2025 10:10 AM

New Delhi, July 22 (IANS) There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday.

Sensex, Nifty open higher as banking stocks continue to gain

IANS | July 22, 2025 9:40 AM

Mumbai, July 22 (IANS) The Indian stock market opened in the green on Tuesday as heavyweight banking stocks continued to lead amid mixed global cues.

Over 1.6 crore candidates trained under PMKVY in last 10 years: Minister

IANS | July 22, 2025 9:20 AM

New Delhi, July 22 (IANS) More than 1.6 crore candidates have been trained under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) over the last 10 years, out of which 1.29 crore have been certified (as on June 30).

Total area sown under kharif crops crosses 708 lakh hectares

IANS | July 21, 2025 9:42 PM

New Delhi, July 21 (IANS) The area sown under kharif crops in the ongoing current season has increased to 708.31 lakh hectares so far this year, compared with 580.38 lakh hectares in the same period last year, data released by the Ministry of Agriculture and Farmers Welfare on Monday showed.

Yunus govt's lack of experience laid bare in tariff negotiations with US

Baidya Bikash Basu | July 21, 2025 9:00 PM

Dhaka: Bangladesh, a country wherein nearly three million people are out of work, the economic growth remains sluggish at about 3.5 per cent per annum and investments - both domestic and external - have not gone up, is currently stuck in a precarious situation as far as the tariff negotiations with the United States is concerned.

More than 34 crore jobs created in MSMEs: Union Minister

IANS | July 21, 2025 8:56 PM

New Delhi, July 21 (IANS) More than 34 crore people have got employment in micro, small and medium enterprises (MSMEs) through the Udyam and Udyam Assist portals since 2014, Union Minister Jitan Ram Manjhi stated in the Rajya Sabha on Monday.