UPI Limits Rise to ₹5 Lakh
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🗞️ UPI transaction limits to change from Sept 15
The RBI will revise UPI transaction limits from September 15 for select categories (healthcare, education, capital-market payments), aiming to boost high-value digital adoption.
💬 Expert Take — Rajeev Ahuja, former bank executive: “Higher UPI limits will accelerate large-ticket digital spends, but banks and NPCI must strengthen controls and liquidity rails to handle bigger flows.”
🗞️ Vodafone Idea moves SC against fresh AGR dues
Vodafone Idea has approached the Supreme Court contesting DoT’s calculation behind the fresh AGR dues, arguing errors in the methodology and seeking reprieve.
💬 Expert Take — Nitin Soni, telecom analyst: “If the Court rules in favour of Vodafone Idea on technical grounds, it could materially ease near-term liquidity stress — but long-term capital solutions remain necessary.”
🗞️ Sumitomo Mitsui to exit Kotak via ₹6,166-cr block deal
Japan’s Sumitomo Mitsui plans to exit its stake in Kotak Mahindra Bank through a roughly ₹6,166 crore block deal, marking a strategic shift for the Japanese bank.
🗞️ Gold demand falls over 25% this festive season
Industry trackers report gold demand dropped more than 25% this festive season as buyers cut discretionary spending amid high prices.
🗞️ Govt to fast-track next round of India Semiconductor Mission
The government will fast-track the next phase of the India Semiconductor Mission to attract chip investments and speed up local manufacturing capacity expansion.
🗞️ Dev Accelerator raises ₹63 crore from anchor investors
Dev Accelerator secured ₹63 crore from anchor investors ahead of its IPO, signalling strong anchor interest for the SME listing.
🗞️ Moody’s: GST cuts’ revenue impact may exceed govt estimate
Moody’s Ratings warns that the revenue loss from GST cuts could be higher than the government’s estimate, though it may spur consumption over time. (report highlights longer-term fiscal tradeoffs)
🗞️ New business for life insurers dips in August
Industry data show new business premium for life insurers eased to about ₹30,959 crore in August, indicating short-term softness in retail protection demand.
📊 Market Update – 09 Sep 2025
📈 Sensex: 81,101.32 ▲ +314.02 (+0.39%)
📈 Nifty 50: 24,868.60 ▲ +95.45 (+0.39%)
💱 USD/INR: ₹88.10 ▼ (rupee slightly stronger)
🪙 Gold (24K retail): ₹11,029/g (≈ ₹1,10,290/10g) — MCX Oct ~₹1,08,495/10g
🛢️ Brent crude: ~$66.5/bbl