IREDA Secures ₹910 Crore Through Bonds!
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🗞️ ATM Interchange Fee Hiked to ₹19 from May 1
The Reserve Bank of India (RBI) has approved an increase in ATM interchange fees from ₹17 to ₹19 per transaction, effective May 1, 2025. This will impact cash withdrawals for both customers and banks.
🗞️ Rupee Hits 3-Month High, Recovers 2025 Losses
The Indian Rupee strengthened to a three-month high, erasing its losses for the year against the US dollar. The rally is supported by strong foreign inflows and improving economic data.
📌 Expert Opinion: Forex traders see this as a sign of increasing confidence in the Indian economy, though global factors may influence future trends.
🗞️ India Slaps ₹5,156 Crore Tax Demand on Samsung for Telecom Imports
The Indian government has issued a ₹5,156 crore tax demand to Samsung over alleged misclassification of telecom imports. The company is expected to challenge the claim.
🗞️ BYD Surpasses Tesla with Over $100 Billion Revenue
China’s BYD has overtaken Tesla in global revenue, reporting $100 billion+ in earnings, driven by strong sales of EVs and battery technology.
📌 Expert Opinion: Auto analysts suggest Tesla may need to rethink its global strategy to keep up with the aggressive expansion of BYD.
🗞️ BHIM 3.0 Launched with New Features for Expense Tracking
NPCI has launched BHIM 3.0, introducing expense tracking, monitoring, and bill-splitting features, making UPI transactions even more user-friendly.
🗞️ Key Banking Rule Changes from April 1, 2025
Starting April 1, several banking rules will change, including higher ATM fees, UPI transaction limits, and revised bank charges.
🗞️ IREDA Raises ₹910 Crore via Bonds
The Indian Renewable Energy Development Agency (IREDA) successfully raised ₹910 crore through bond issuance to fund clean energy projects.
🗞️ Lab-Grown Diamond Startup Aukera Seeks $15 Million Funding
Aukera, a startup specializing in lab-grown diamonds, is in talks with Peak XV to raise $15 million for business expansion.
📊 Market Updates
📈 Sensex: Closed at 78,017.19, up 32.81 points (0.04%).
📊 Nifty 50: Ended at 23,668.65, gaining 10.30 points (0.04%).
💵 Rupee: Opened near a three-month high, erasing its 2025 losses.
🥇 Gold: Priced at ₹89,783 per 10 grams for 24-carat gold in Delhi.
🥈 Silver: Trading at ₹104,000 per kg in Delhi.