New Delhi, Aug 6 (IANS) As part of its digital transformation under IT 2.0, India Post has undertaken a massive nationwide rollout of the Advanced Postal Technology (APT) application, the Ministry of Communication said on Wednesday. This transition from the legacy system marks a major step toward delivering faster, smarter, and more customer-centric postal services.Meanwhile, given the scale and complexity of this migration, spanning over 1.64 lakh post offices across urban, rural, and remote ar…

New Delhi, Aug 6 (IANS) Shares of National Securities Depository Ltd (NSDL) debuted on the Bombay Stock Exchange (BSE) on Wednesday at Rs 880, reflecting a 10 per cent premium, or Rs 80 above the issue price of Rs 800 per share. NSDL’s IPO share listing fell short of expectations in the grey market, which had anticipated that the scrips would be listed at a premium of around 16 per cent.Shortly after listing, the stock reached an intraday high of Rs 920. As of 11.45 A.M., NSDL shares were tradin…

New Delhi, Aug 6 (IANS) The Reserve Bank of India’s Monetary Policy Committee (RBI-MPC) on Wednesday decided to keep the repo rate unchanged at 5.50 per cent after its bi-monthly meeting. Keeping the repo rate steady means the Equated Monthly Instalment (EMI) and interest burden on the home loan will not change.In its last meeting, the MPC had lowered the repo rate by 50 basis points, bringing it down to 5.50 per cent from 6 per cent.The RBI has cut the repo rate by 100 BPS between February and …

Seoul, Aug 6 (IANS) Major global investment banks (IBs) have raised their outlook for South Korea’s 2025 economic growth, citing its recent tariff deal with the United States, a report showed on Wednesday.As of end-July, eight major global IBs, including Barclays, BoA-Merrill Lynch and Citi, projected that Asia’s fourth-largest economy would expand 1 percent this year, up 0.1 percentage point from their median forecast a month earlier, according to the report by the Korea Center for Internationa…

Mumbai, Aug 6 (IANS) Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the US tariff hike will not have any major impact on the Indian economy unless there is a retaliatory tariff. Speaking at a press conference after the monetary policy announcement, the RBI Governor said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.””We are hopefu…

Mumbai, Aug 6 (IANS) Luxury housing sales in Delhi-NCR have risen by 9 per cent in the first half of 2025 (H1 2025) compared to the same period previous year (H1 2024), a new report said on Wednesday.According to data compiled by global professional services firm JLL, 5,168 luxury homes priced at Rs 5 crore and above were sold between January and June this year, up from 4,763 units in the first half of 2024.Delhi-NCR now accounts for 65 per cent of all luxury housing sales across India’s top s…

New Delhi, Aug 6 (IANS) RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC (Know Your Customer) updates, as the government’s flagship financial inclusion scheme completed 10 years.Consequently, public sector banks are organising camps for re-KYC of Jan Dhan scheme accountholders at the panchayat level from July 1 to September 30, Malhotra said in his MPC speech.”The banks are organising camps at the Pancha…

Gold prices worldwide have maintained their firm tone on August 6, 2025, with both 22-karat…

New Delhi, Aug 6 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5 per cent, while sticking to the “neutral” monetary policy stance, RBI Governor Sanjay Malhotra said on Wednesday.The RBI Governor said the decision was taken unanimously by the MPC after a detailed assessment of the macroeconomic situation and the growth-inflation dynamics.The RBI’s MPC pegged India’s CPI inflation at 3.1 per cent for FY2025-26, as th…

Mumbai, Aug 6 (IANS) The Reserve Bank of India (RBI) announced on Wednesday that it has decided to standardise and simplify the procedure for settlement of claims in respect of deposit accounts of deceased customers of banks so that bereaved families do not face any hardship in getting the money or valuables due to them. Currently, the procedure for settling claims in respect of deceased customers varies across banks. The RBI has decided to streamline and standardise these across all banks to fa…