Business

Elon Musk’s SpaceX has made a surprising $153 million Bitcoin transfer as BTC hits record highs, while President Trump signs the landmark GENIUS Act, reshaping crypto regulations. What does this mean for the market?

Assam has scripted history with its first-ever confirmed iron ore discovery in Dhubri district—a massive 18.29 million-tonne deposit with 37.45% iron content. This breakthrough, validated by the Geological Survey of India, could redefine the Northeast’s industrial landscape, fueling steel production, job creation, and economic growth.

While UPI transactions remain free for users, Google Pay and PhonePe collectively earned a staggering ₹5,065 crore last year. How? The answer lies in their clever monetization strategies—voice-enabled speakers in kirana stores, branded scratch cards, and SaaS-based financial services. Here’s how these platforms turned digital payments into a billion-dollar business.

Assam is poised to make history as India’s first state government to directly produce and profit from crude oil, following a major hydrocarbon discovery in the Namrup Borhat-1 well. Chief Minister Himanta Biswa Sarma hailed the find as a “proud moment,” signaling a new era of energy independence and revenue growth for the state.

Power Markets Enter a New EraIndia’s National Stock Exchange (NSE) took a significant step on July 14 by launching monthly electricity futures contracts aimed at stabilising power prices and offering robust risk management tools. On its debut, over 4,000 contracts traded, equivalent to more than 200 million units of electricity, and total turnover crossed ₹87…

Bird Strike Disrupts Routine FlightOn Wednesday morning, an IndiGo Airbus A320, flight number 6E5009, took off from Patna’s Jayaprakash Narayan International Airport at 8:42 AM, carrying approximately 175 passengers and crew. Shortly after take-off, the aircraft experienced engine vibrations following a bird strike, prompting the pilot to prioritize safety and request a return to Patna.…

India to Redefine BRICSDuring the 17th BRICS summit in Rio de Janeiro, Prime Minister Narendra Modi announced a bold shift in strategy as India prepares to assume the BRICS presidency in 2026. Modi proposed defining BRICS in a “new form” under the banner of Building Resilience, Innovation, Cooperation, and Sustainability, signalling an intent to refresh…

Geopolitical Tensions Drive Oil Markets HigherOil prices climbed sharply on July 2 after Iran suspended cooperation with the International Atomic Energy Agency (IAEA). This sudden pivot fuelled concerns of fresh instability in the Middle East and sent a ripple through energy markets worldwide. Brent crude surged nearly 3% to settle at around $69.11 per barrel,…

A Legacy of Trust and ReachOn July 1, 2025, Union Finance Minister Nirmala Sitharaman extended her heartfelt congratulations to the State Bank of India (SBI) as it celebrated 70 years of service to the nation. Reflecting on its journey from its inception in 1955, she highlighted SBI’s formidable presence with over 23,000 branches, 78,000 Customer…

Background: From Allies to AdversariesElon Musk and Donald Trump, once close allies, have seen their relationship crumble publicly. Musk generously backed Trump’s 2024 campaign and even held a White House advisory role. But tensions surfaced in June 2025 after Musk sensationally denounced Trump’s flagship “One Big Beautiful Bill,” igniting a high-stakes showdown between the billionaire…