In order to address financial fraud, National Payments Corporation of India (NPCI) has directed banks and payment apps to halt all peer-to-peer (P2P) "collect requests" from October 1.

But merchants can continue to submit collect requests. The "collect request" or "pull transaction" feature allows a user to request money from another subscriber through UPI, a facility often misused by fraudsters to trick users into authorising payments.

When a user attempts a UPI payment on Flipkart, Amazon, Swiggy, or IRCTC apps, these merchants send a collect request to the user's application. The request is processed once the user approves and enters the UPI PIN.

Tata Motors, India’s largest commercial vehicle manufacturer, on Wednesday announced that it has entered the Dominican Republic market through a partnership with Equimax, its authorised distributor in the country.

The move is part of Tata Motors’ global expansion plan and aims to offer a range of commercial vehicles tailored to the region’s logistics, infrastructure, and last-mile delivery needs.

The company has launched several models, including the Tata Super Ace for quick last-mile delivery, the Tata Xenon pickup for heavy-duty utility work, the Ultra series of trucks (T.6, T.7, T.9) for smart urban logistics, and the LPT 613 tipper designed for construction and infrastructure projects.

These vehicles are built to provide strong performance, durability, and lower operating costs -- qualities that have contributed to Tata Motors’ global reputation.

Chennai-based online matchmaking company Matrimony.com on Wednesday reported a 39.5 per cent year-on-year (YoY) drop in its profit for the first quarter of the financial year 2025-26 (Q1 FY26).

The company posted a net profit of Rs 8.4 crore in the first quarter of the current financial year, compared to the Rs 13.9 crore it earned in the same period previous year (Q1 FY25), according to its stock exchange filing.

However, compared to the previous quarter (Q4 FY25), profit rose slightly by 2.69 per cent from Rs 8.2 crore.

Revenue during the April–June 2025 quarter stood at Rs 115.3 crore, down 4.83 per cent from Rs 120.59 crore in the year-ago period.

On a sequential basis, revenue grew 6.47 per cent from Rs 108.3 crore in the previous quarter, the company’s exchange filing showed.

Tech giant Apple has denied any foul play, insisting its platform is “fair and free of bias" after Tesla and SpaceX owner Elon Musk accused the iPhone maker of favouritism in App Store rankings.

Musk had claimed that that OpenAI’s ChatGPT ranks first because of Apple’s favouritism, while his apps, X and xAI’s Grok, are being sidelined.

Apple denied allegations that its App Store algorithms or curated lists favour ChatGPT over Musk’s offerings. “The App Store is designed to be fair and free of bias,” the company insisted, adding that recommendations are based on charts, algorithms, and expert editorial curation using objective criteria, according to multiple media reports.

“Our goal is to offer safe discovery for users and valuable opportunities for developers, collaborating with many to increase app visibility in rapidly evolving categories,” the company’s statement continued.

Life sciences company Hikal Limited on Thursday reported a net loss of Rs 22.4 crore for the quarter ended June 30 (Q1 FY26) -- marking a sharp reversal from a net profit of Rs 5.1 crore in the same period previous year (Q1 FY25).

The Mumbai-based company’s revenue from operations dropped by 6.5 per cent to Rs 380.4 crore, down from Rs 406.8 crore in Q1 FY25, according to its stock exchange.

On a sequential basis, revenue also fell from Rs 552.4 crore reported in the previous quarter (Q4 FY25).

Total income for the quarter stood at Rs 381.4 crore, compared to Rs 407.3 crore a year ago and Rs 552.9 crore in the March 2025 quarter.

The production of electronics goods in the country saw six-time growth in the last 11 years -- from Rs 1.9 lakh crore in 2014-15 to Rs 11.3 lakh crore in 2024-25, as exports surged eight times from Rs 38,000 crore to Rs 3.27 lakh crore in the same period, Parliament was informed on Wednesday.

India now has 300 mobile manufacturing units, from just two in 2014-15, while production of mobile phones has increased a whopping 28 times in the last 11 years -- from Rs 18,000 crore to Rs 5.45 lakh crore, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.

The export of mobile phones saw a stupendous 127 per cent growth -- from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25, the minister said.

The daily unified payments interface (UPI)-based transactions have crossed 700 million for the first time, touching 707 million, according to the latest National Payments Corporation of India (NPCI) data.

The feat was achieved on August 2. Over the past two years, the number of daily transactions has doubled, even though growth has slowed down in comparison to previous years.

In August 2023, UPI was registering around 350 million transactions a day, which increased to 500 million daily transactions in August 2024.

The Adani Group on Monday vehemently denied a media report claiming the Group’s collaboration with Chinese companies BYD and Beijing Welion New Energy Technology.

In a statement, an Adani Group spokesperson said the Bloomberg report is “baseless” and “misleading”.

“We categorically deny Bloomberg's report on 4 Aug 2025 suggesting a tie-up between the Adani Group and Chinese companies BYD and Beijing Welion New Energy Technology,” the spokesperson added.

There has been a significant 65 per cent jump in overall Grade A green-certified office stock across India’s top seven cities since 2019, with global occupiers seeking green certifications in new buildings, according to an Anarock research report released on Monday.

Grade A office developers are increasingly constructing LEED, IGBC or GRIHA-certified stock to stay in sync with the demand. Approximately 530 Mn sq. ft. of Grade A office stock in the top 7 cities out of the total Grade A office stock of 865 Mn sq. ft. is green certified as of the first half of (H1) 2025 across cities. Back in 2019, approximately 322 Mn sq. ft. had such certification, the report states.

At approx. 163 Mn sq. ft., Bengaluru has the maximum stock of green-certified office stock among these cities in H1 2025 -- a 31 per cent share of the total, green-certified inventory in the top 7 cities.

Government-owned MOIL has achieved manganese ore production of 1.45 lakh tonnes in July, marking an impressive growth of 12 per cent over the corresponding period last year (CPLY), despite adverse weather conditions, it was announced on Monday.

Despite heavy rainfall, MOIL demonstrated strong operational momentum during April–July 2025, with production at 6.47 lakh tonnes (7.8 per cent growth), sales of 5.01 lakh tonnes (10.7 per cent higher than CPLY), and exploratory drilling of 43,215 meters (up 11.4 per cent over CPLY), according to the Steel Ministry.

MOIL chairman and managing director Ajit Kumar Saxena congratulated the MOIL team for this remarkable performance and appreciated the continued efforts to enhance production & sales even under challenging weather conditions.

The smartphone revenues worldwide grew 10 per cent (year-on-year) in the April-June quarter (Q2 2025) to exceed $100 billion (more than Rs 8.7 lakh crore) -- the highest level in a second calendar quarter to date, according to a new report.

In contrast, global shipments saw a meagre 3 per cent (on-year) rise during the quarter, according to Counterpoint Research’s latest Market Monitor service.

Meanwhile, the global average selling price (ASP) also hit a second-quarter peak, rising 7 per cent YoY in Q2 to approach $350.

The government has informed that 1,97,932 entities are registered under the ‘startup’ category on the BHASKAR platform.

The Bharat Startup Knowledge Access Registry (BHASKAR) enables collaboration among the entrepreneurial ecosystem including startups.

BHASKAR is currently in the pilot phase, wherein key features are being tested including peer-to-peer interaction, partnerships, and collaborative engagements, generation of unique personalised identification for stakeholder categories and integration of micro-sites in place for implementation of various Schemes under ‘Startup India’.

The government is undertaking various outreach and awareness measures for BHASKAR across States/UTs to understand the requirement and experience of key user stakeholders including small and micro-enterprises, said Minister of State for Commerce and Industry, Jitin Prasada, in a written reply in the Rajya Sabha.

Fintech company One MobiKwik Systems reported a consolidated net loss of Rs 41.9 crore for the April-June quarter(Q1 FY26), surging over 6 times from the Rs 6.6 crore loss reported during the same period the previous year.

According to its regulatory filing, the company's operating revenue was Rs 271.3 crore, around a 21 per cent decrease from the Rs 342.2 crore recorded in Q1 FY25.

However, MobiKwik demonstrated some improvement on a sequential basis, with revenue rising marginally by 1.3 per cent from Rs 267.7 crore. The losses have also decreased from Rs 56 crore in the previous quarter (Q4 FY25).

Ola Electric, once the leader in India’s electric two-wheeler market, is seeing its dominance fade fast as the company sold 17,848 units in July -- a steep 57.29 per cent drop from 41,802 units sold a year ago, the government’s VAHAN data showed on Friday.

The Bhavish Aggarwal-led company’s market share dropped to 17.35 per cent in July, compared to 38.83 per cent in the same month previous year.

This decline has badly hit Ola Electric’s market value. Its market capitalisation has fallen by more than 45 per cent, from Rs 33,521 crore ($3.95 billion) to Rs 18,190.2 crore ($2.14 billion).

After the PNB Housing Finance board approved resignation of its MD and CEO Girish Kousgi, the company's shares fell by 16 per cent during the intra-day trade on Friday.

The shares touched the lower band at Rs 838.3 per share on BSE and got locked in the lower circuit. At 9.28 am, PNB Housing shares were trading 10 per cent lower at Rs 887.6 per share.

In the earnings call after the June quarter results, Kousgi said PNB Housing Finance was confident in achieving a higher NIM guidance of 3.7 per cent in ongoing fiscal, up from 3.6–3.65 per cent, with affordable and emerging segments adding to margins.

Already, in Q1 FY26, PNB Housing Finance had a 23 per cent year-on-year growth in net profit to Rs 534 crore. Strong loan expansion, a 3.74 per cent net interest margin (NIM), and improved asset quality drove this growth.

Vedanta Limited on Thursday reported a fall of 12.5 per cent year-on-year (YoY) in its consolidated net profit for the quarter ended June 30 (Q1 FY26), at Rs 4,457 crore compared to Rs 5,095 crore in the same quarter previous year (Q1 FY25).

Despite the drop in profit, the company’s revenue from operations rose 5.8 per cent to Rs 37,824 crore in the April–June quarter, up from Rs 35,764 crore in the year-ago period, according to a filing to the Bombay Stock Exchange (BSE).

Total income also grew 5.7 per cent to Rs 38,809 crore from Rs 36,698 crore a year earlier.

Ambuja Cements, part of the diversified Adani Portfolio, on Thursday reported 24 per cent growth in net profit at Rs 970 crore in the April-June quarter (Q1 FY26) — up from Rs 783 crore in the same quarter last fiscal (Q1 FY25).

The quarterly revenue crossed the Rs 10,000 crore mark, also up 23 per cent (year-on-year).

Starting FY26 on a robust note, the company recorded the highest quarterly sales of 18.4 million tonnes (MnT), up 20 per cent (on-year), along with the highest quarterly EBITDA at Rs 1,961 crore, up 53 per cent (on-year).

The company said its present cement capacity of 104.5 MTPA (million tonnes per annum) is well poised to achieve the planned capacity of 118 MTPA by March 2026.

Job creation across India’s formal sector remained stable in June, with job postings rising modestly by 0.6 per cent, building on strong gains in May, a report said on Thursday.

Despite a 4.8 per cent decline year-on-year, job postings are still 80 per cent above pre-pandemic levels, underscoring the resilience of formal hiring activity, Indeed Hiring Lab said in a report.

According to the report, despite efforts by some employers to return to office routines, remote work continues to attract job seeker interest.

In June, 8.7 per cent of job postings included keywords like “work from home” or ‘hybrid work’ in their job descriptions.

This has increased by 1 percentage point over the past year but remains well below its peak of 11.3 per cent in 2020, the report stated.

Samsung Electronics said on Thursday that its net income plunged nearly 50 per cent in the second quarter (Q2), as its semiconductor division logged its lowest earnings in over a year due to sluggish demand for high bandwidth memory (HBM).

In a regulatory filing, the company reported a net income of 5.11 trillion won (US$3.7 billion) for the April-June period, down 48 percent from 9.84 trillion won a year earlier, reports news agency.

The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 7.29 trillion won, according to a survey.

Operating profit stood at 4.67 trillion won, down 55.2 percent from a year ago, while revenue rose 0.7 percent to 74.56 trillion won.

Samsung India on Thursday said that its newly-launched, ‘Made in India’ Galaxy Z Fold7, is surprisingly gaining significant traction from not only tier 3 markets, but also tier 4 and beyond, amid a resilient economy and rising aspirations across the country.

“The unprecedented demand has made us allocate stocks of the Galaxy Z Fold7 across the deeper pockets of Bharat. We are immensely encouraged by the new demand surfacing from tier 4 and beyond and will continue to serve these markets in the best possible manner,” said Raju Pullan, Senior Vice President and Head at Samsung India.

Primarily, the design aesthetics of the new Galaxy Z Fold7 – in a sleek, lightweight form factor – have drawn significant interest. The new colours, flagship processing power, along with Galaxy AI have further sweetened the experience for consumers, he added.

Punjab National Bank's (PNB) net profit for the quarter ended June 30 stood at Rs 1,675 crore, down 49 per cent year-on-year, according to its stock exchange filing on Wednesday.

The public sector lender had posted a net profit of Rs 3,251 crore in the same quarter last year (Q1 FY25) and Rs 4,567 crore in the preceding quarter (Q4 FY25).

Meanwhile, PNB's total income for the quarter rose 15.7 per cent YoY to Rs 37,231 crore from Rs 32,165 crore in Q1 FY25. The bank had reported a net income of Rs 36,705 crore in the preceding quarter.

Meanwhile, the net interest income (NII) moved up marginally to Rs 10,578 crore, compared to Rs 10,468 crore in the same period a year earlier.

India’s smartphone market grew 8 per cent (year-on-year) in volume and 18 per cent in value in the April-June quarter (Q2 2025), marking a solid rebound following a muted Q1, a report said on Wednesday.

The iPhone 16 emerged as the most-shipped device in Q2 2025, driven by ongoing promotions, extended EMI options, and improved retail execution, helping Apple register its highest-ever Q2 shipments in India.

According to Counterpoint’s 'Monthly India Smartphone Tracker', the recovery was driven by a 33 per cent jump (on-year) in new launches, aggressive marketing, and strong performance during summer sales, with brands offering steeper discounts, easy EMIs, and bundled offers especially in the mid and premium segments.

As many as 4,625 EV charging stations are operational in the tier 2 cities in the country (as on April 1, 2025), according to the government.

In addition, Rs. 2,000 crore has been allocated under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme for the establishment of electric vehicle public-charging stations (EV PCS) across India, including tier 2 cities in Tamil Nadu, said Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, in a written reply in the Lok Sabha.

The PM E-DRIVE scheme was launched in October 2024 to accelerate the adoption of electric vehicles (EVs) through demand incentives and expand EV charging infrastructure nationwide. The Centre has allocated Rs 10,900 crore for subsidies to EVs under this scheme.

Overall industrial and logistic leasing in India has marked a new peak during the January-June period (H1 2025), surging 63 per cent year-on-year (YoY) to 27.1 million square feet across the top eight cities, a report said on Tuesday.

The third-party logistics (3PL) sector continued to lead in I&L space take-up with a market share of 32 per cent in H1 2025, CBRE, a real estate consulting firm, said in its recent report.

However, the surge was majorly led by the e-commerce sector, which saw its market share more than double from 9 per cent in H1 2024 to 25 per cent in H1 2025, the report stated.

I&L leasing by the engineering and manufacturing (E&M) sector also increased from 18 per cent in H1 2024 to 19 per cent in H1 2025.

The government-led infrastructure projects and policy initiatives, such as the Production Linked Incentive (PLI) scheme and 'Make in India 2.0', have significantly strengthened the country's manufacturing sector, resulting in a heightened demand for warehousing space from E&M companies, the report stated.

Elon Musk, CEO of Tesla, has said Samsung Electronics will manufacture the US electric vehicle maker's next-generation AI6 chip at its semiconductor plant in the state of Texas.

Musk made the announcement on Sunday (U.S. time) on his social media platform X, stating, "The strategic importance of this is hard to overstate.”

He added that Taiwan Semiconductor Manufacturing Company (TSMC), which has just completed its design phase, will initially produce the AI5 chip in Taiwan, reports news agency.

Musk also said Samsung, which currently manufactures the AI4 chip, has agreed to allow Tesla to collaborate in efforts to maximise manufacturing efficiency.

Tesla's AI6 chip is designed to be scalable -- small enough for use in humanoid robots and self-driving cars but powerful enough for artificial intelligence (AI) data centre.

Amid the exports ban by China on rare earth magnets, the active participation of state governments in India in encouraging rare earth exploration and processing can contribute to regional economic development and self sufficiency in critical mineral value chains, an SBI Research report said on Monday.

The imports of rare earth magnets averaged $249 million in last four years. In FY25, magnet imports were $291 million — highest in last four years.

“Our analysis indicates sectors impacted by ban are – Transport Equipment, Basic Metals, Machinery, Construction and Electrical and Electronics. Both domestic production and exports will be impacted,” said Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India.

The government launched the National Critical Mineral Mission (NCMM) in 2025 to establish a robust framework for self-reliance in the critical mineral sector with total funds allocation of Rs 18,000 crore for the period 2025-31.

IndusInd Bank has received approval from the Reserve Bank of India (RBI) to extend the tenure of its interim executive committee by a month.

The committee will now function till August 28 or until a new Managing Director and Chief Executive Officer (MD and CEO) is appointed, whichever is earlier, according to an exchange filing.

"We now wish to inform that the RBI vide its letter dated July 25, 2025, has granted its approval for extension of tenure of the said Committee of Executives for a further period of one month, with effect from July 29, 2025 upto August 28, 2025 or until the new MD and CEO is appointed and assumes charge, whichever is earlier," the exchange filing said.

The interim committee, comprising Chief Administrative Officer Anil Rao and Head of Consumer Banking Soumitra Sen, will continue to oversee the bank's operations.

As the bank moves forward with selecting a new MD and CEO, the extension guarantees leadership continuity.

Maharatna public sector company Steel Authority of India Limited (SAIL) has recorded a strong growth of 273 per cent in the Profit before Exceptional Items and Tax during the first quarter of the current financial year.

The sales volumes, revenue from operations and saleable & crude steel production have recorded a healthy growth over the corresponding period last year (CPLY).

“SAIL’s Q1 FY26 performance shows improved operational efficiency, better cash flow and strong growth in sales volume in domestic market, supported by government safeguard duties,” said Amarendu Prakash, Chairman and Managing Director, SAIL.

Arkade Developers Ltd's net profit for the first quarter of the current financial year (Q1 FY26) stood at Rs 28.75 crore, down over 13 per cent sequentially, the company said in an exchange filing on Friday.

The real estate developer had posted a consolidated profit of Rs 33.26 crore in the preceding quarter (Q4 FY25).

The company's profit declined by over 4 per cent on a year-on-year (YoY) from Rs 30.21 crore in the corresponding quarter a year ago (Q1 FY25).

Meanwhile, its revenue from operations stood at Rs 159.4 crore in the quarter under review, up Rs 28 crore from Rs 131.44 crore of Q4 FY25 and Rs 34.06 crore from Rs 125.38 of Q1 FY25.

Over 78 per cent of railway tracks in the country have now been upgraded for speeds of 110 kmph and above, with the improvement in the Indian Railways network carried out in a big way during the last 10 years, Railways Minister Ashwini Vaishnaw informed Parliament on Friday.

The minister said that the measures for track upgradation include the use of 60 kg rails, wider base concrete sleepers, thick web switches, longer rail panels, H Beam sleepers, modern track renewal and maintenance machines,

The track length for the highest speed potential of 130 km per hour & above has been increased more than 4-fold from 5,036 km in 2014 to 23,010 km in 2025, which forms 21.8 per cent of the total track length. Earlier, this high-speed section was only 6.3 per cent of the total length, the minister said in a written reply to a question in the Rajya Sabha.

LG Electronics said on Friday its second-quarter net profit declined amid rising logistics and tariff costs, despite outperforming market expectations.

In a regulatory filing, the company posted a net profit of 609.7 billion won (US$442.5 million) for the April-June period, down 3.1 percent from a year earlier, reports news agency.

Its operating profit plunged 46.6 percent on-year to 639.4 billion won, and revenue decreased 4.4 percent to 20.73 trillion won.

The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 173.2 billion won, according to a survey.

LG Electronics attributed the better-than-expected net profit to equity gains from affiliates.

The Information Technology-enabled Services (ITeS) and IT sectors in India continue to dominate the commercial real estate (CRE) leasing segment, accounting for 50 per cent of absorption during April-June (Q2 2025), up from 36 percent in the previous quarter, a report said on Friday.

Flex spaces trailed behind, accounting for 14 per cent of the total absorption, an increase from 9 per cent in the previous quarter. The area absorbed by flex spaces increased by 68 per cent over the previous quarter. The southern cities of Bengaluru, Chennai and Hyderabad accounted for 80 per cent of absorption in metro cities, the report from CRE firm Vestian said.

Global currency markets are undergoing a significant transition as the US dollar faces consistent downward pressure, driven by lingering uncertainties around US interest rates and the possibility of new trade tariffs, a report said on Friday.

Meanwhile, the Euro and British Pound have gained ground, following timely and aggressive rate cuts by the European Central Bank (ECB) and the Bank of England (BOE), according to Emkay Wealth Management's latest report.

In the Asian context, the Indian Rupee has shown short-term strength, recovering from a recent high of Rs 87.

According to the report, this rebound in Indian currency is partly supported by improved trade data; its durability hinges on the return of foreign capital, expected once US interest rates begin to ease.

As the year unfolds, global markets will continue to track the Fed’s signals and geopolitical shifts.

After facing a global outage for nearly 3 hours, Starlink announced on Friday that the network issue affecting its internet service has been resolved.

On Thursday night, Starlink’s satellite internet service experienced an outage affecting many users worldwide. The issue affected customers across multiple continents, with outage tracking sites showing spikes in North America, Europe, and parts of Asia.

“The network issue has been resolved, and Starlink service has been restored. We understand how important connectivity is and apologize for the disruption,” Starlink, owned by Elon Musk’s SpaceX, shared in a post on the social media platform X.

Musk was also quick to comment on the incident.

"Service will be restored shortly. Sorry for the outage," said Musk on X.

Hyundai Mobis, South Korea's leading auto parts maker, said on Friday its second-quarter net profit fell 6.3 percent from a year earlier due to reduced equity gains from affiliates.

Net profit for the three months ended in June declined to 934.4 billion won ($680.8 million) from 997.6 billion won a year earlier, the company said in a regulatory filing, reports news agency.

"A sizable equity gain from Hyundai Motor Co. was reflected in the second quarter of last year, as the carmaker reported strong earnings results," a company spokesperson said.

Hyundai Motor reported a 22 percent on-year decline in second-quarter net profit to 3.25 trillion won, affected by newly imposed U.S. import tariffs that took effect in April.