📱 UPI, FASTag Hit Record Highs in July
Your daily dose of business news
🗞️ GST Collections Rise to ₹1.96 Trillion in July
India’s gross GST mop-up hit ₹1.96 lakh crore in July 2025, up 7.5% YoY. Refunds also surged 67% to ₹21,322 crore, indicating improved compliance and consumption.
💬 Expert Take:
“Stronger tax compliance and rising consumption are driving these healthy collections.” — S. Raghavan, Tax Policy Expert
🗞️ Renault Buys Nissan’s 51% Stake in Chennai Plant
Renault Group has acquired Nissan’s remaining 51% stake in their Chennai plant, taking full ownership. The move supports Renault’s “India 2027” strategy aimed at deeper localization.
💬 Expert Take:
“Full ownership gives Renault greater operational control and flexibility.” — Arjun Mehta, Auto Industry Analyst
🗞️ ICICI Bank to Charge UPI Aggregators
ICICI Bank will begin levying charges on third-party apps like Google Pay and PhonePe for UPI transactions routed through current accounts. Users aren’t impacted directly for now.
🗞️ Digital Payments Hit New High in July
UPI, IMPS, and FASTag transactions surged in July 2025. UPI clocked 11.5 billion transactions worth ₹20.3 lakh crore, while FASTag collections rose 16.4% MoM to ₹5,312 crore.
🗞️ Forex Reserves Up by $2.7 Billion
India’s forex reserves rose by $2.7 billion to reach $698.1 billion as of July 26, 2025, supported by foreign inflows and currency valuation gains.
🗞️ Rental Rates Surge 30% Across India
Rental prices have jumped 25–30% YoY in key cities. Homes priced between ₹10,000–₹20,000/month saw the highest demand in 2025.
🗞️ ITC Q1 Net Falls 6% to ₹4,904 Cr
ITC posted a 6% YoY fall in Q1 FY26 net profit at ₹4,904 crore. Revenues remained flat at ₹17,113 crore due to lower cigarette volumes and muted FMCG growth.
🗞️ Godrej Properties Q1 Profit Up 15%
Godrej Properties reported a 15% YoY rise in Q1 net profit at ₹139 crore. Bookings grew 42% YoY to ₹4,020 crore, supported by strong housing demand.
📊 Market Updates
📈 Sensex: 80,599.91 ▼ –0.72%
📈 Nifty 50: 24,565.35 ▼ –0.82%
💵 USD/INR: ₹87.53 ▶ stable
🪙 Gold (24K): ~₹98,000 / 10g ▶ slight rise
🪙 Silver: ~₹1,09,800 / kg ▶ marginal dip
🛢️ Brent Crude: ~$71.44/bbl ▼ –0.36%
₿ Bitcoin: ~₹10,12,765 ▼ slight fall