business

The Department of Posts has expanded Aadhaar-based biometric e-KYC services to include Recurring Deposit (RD) and Public Provident Fund (PPF) schemes, effective June 27, 2025. This allows for paperless account opening, deposits, loan processing, and withdrawals at CBS post offices. To enhance data security, Aadhaar numbers will be masked on all documents, streamlining the banking…

Donald Trump issued tariff letters to several countries, including the Philippines, Brunei, Moldova, Algeria, Libya, and Iraq, warning of reciprocal duties starting August 1, 2025. These actions follow Trump’s earlier announcement of tariffs for fourteen other nations.

ICICI Prudential AMC has filed for a Rs 10,000 crore IPO with SEBI, offering 10% of its equity. The fund house, a joint venture between ICICI Bank and Prudential Corporation, is the second largest in India after SBI Mutual Fund.

INSPACe has granted Elon Musk’s Starlink a five-year license to provide satellite-based internet services in India, marking a significant step for the company since it began targeting the Indian market in 2022. This authorization allows Starlink to utilize its Gen1 constellation over Indian territory, positioning it among the key players in India’s expanding satellite broadband…

Nvidia’s market capitalization soared to $4 trillion on Wednesday, driven by robust demand for AI-related stocks. This milestone positions Nvidia as the world’s most valuable publicly listed company. The chipmaker’s shares climbed, fueled by its leadership in AI semiconductor design and optimism surrounding AI adoption. The Dow Jones, NASDAQ, and S&P 500 also saw gains,…

US stocks climbed on Wednesday following President Trump’s decision to extend the tariff deadline to August 1, easing market anxieties. The S&P 500, Dow, and Nasdaq all experienced gains in early trading. Investors are also anticipating the release of the Federal Reserve’s June meeting minutes, while monitoring oil and copper prices for further market direction.

IndiGo Ventures, the investment arm of IndiGo, has launched its initial fund with ₹450 crore, marking its first investment in Jeh Aerospace. This aerospace startup specializes in high-precision manufacturing for the aerospace and defense sectors. IndiGo’s CEO, Pieter Elbers, emphasized the partnership’s role in strengthening India’s aviation ecosystem and promoting technological advancements.

Gold prices fell in the national capital. This happened due to weak global signals. Expectations for a near-term rate cut by the US Federal Reserve decreased. Silver prices also dropped. The dollar strengthened. New US import tariffs and a strong labour market influenced the market. Markets are awaiting the Fed’s June FOMC meeting minutes.

Elon Musk’s Starlink has secured approval from India’s space regulator, paving the way for commercial satellite internet services. This crucial clearance follows a telecom ministry license obtained last month, positioning Starlink as the third company authorized to operate in India, alongside Eutelsat’s OneWeb and Reliance Jio.