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Indian Rupee Faces Depreciation; RBI Explores FX CRR to Stabilize Currency
The Indian Rupee has depreciated nearly 9% against the USD since early 2025, facing headwinds from equity valuations, AI theme exclusion, and geopolitical tensions. The RBI has intervened heavily, selling $87 billion and increasing its short forward book. Measures like tax removal and FCNR deposits aim to attract capital, but a proposed FX cash reserve ratio could resolve currency leads and lags without altering interest rates.
Blue Tokai Plans to Triple Store Count to 800 by FY30, Eyes $100 Million Funding
Specialty coffee chain Blue Tokai aims to expand its store network to 800 by FY30, opening 120 new cafes this fiscal year. The company is in talks to raise at least $100 million and expects revenue to exceed Rs 8 billion, projecting profitability by March 2028.
Arvind Kejriwal Writes to Auto Manufacturers on E20 Fuel Impact
Arvind Kejriwal has written to 29 auto manufacturers seeking written clarification on the impact of E20 ethanol-blended fuel on vehicle mileage and engine safety. He highlighted contradictions between company owner's manuals and statements made at a government press conference, demanding a response within seven days.
Gold Prices Dip Slightly Across Major Indian Retailers
Gold prices saw a minor decrease on July 8, 2026, with Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reducing their 22-carat gold rates nationwide. IBJA also updated retail rates, showing slight increases for various gold and silver purities.
Income-tax Act, 2025: New Audit Trigger for Low-Profit Businesses
The Income-tax Act, 2025 introduces a new audit trigger for businesses under presumptive taxation, explicitly linking lower-than-presumptive profit declarations to mandatory audits. This change aims to bring greater certainty to tax compliance for small businesses operating on low margins.
FCNR(B) vs. NRE Fixed Deposits: Which is Better for NRIs and OCIs?
Non-resident Indians (NRIs) and OCIs can choose between FCNR(B) and NRE fixed deposits for reliable returns. FCNR(B) offers currency protection in foreign denominations, while NRE is in Indian rupees. Both are tax-exempt and fully repatriable, with the choice depending on currency expectations and financial goals.