The adoption of digital payments across the country recorded a 10.7 per cent year-on-year increase (as of March 2025), according to the latest Reserve Bank of India (RBI) data.

The Central Bank uses an index that evaluates the adoption of digital payments across the country, known as the RBI's Digital Payments indicator (DPI).

The government has raised a tax demand of Rs 21,719 crore as a result of assessments completed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (during July 1, 2015 to March 31, 2025), the Parliament was informed on Tuesday.

In addition, demand of Rs 13,385 crore has been raised (till March 31, 2025) on account of penalties imposed under various sections of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Minister of State for Finance, Pankaj Chaudhary, told the Rajya Sabha in a written reply to a question.

"Notably, from 01.07.2015 to 31.03.2025, recovery of Rs 338 crore has been made against tax, penalty and interest demand raised under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. However, since collections are not mapped to specific countries or types of foreign holdings, separate data for recoveries related to Swiss deposits or foreign accounts is not maintained," he said.

Global Capability Centres (GCCs) are forecast to contribute 2 per cent of India’s GDP and generate 2.8 million jobs by 2030, a report said on Tuesday.

GCCs in India have evolved from back-office support hubs to global value creators - now leading innovation, technological advancements, and research and development for global corporations, said ACCA (the Association of Chartered Certified Accountants) in its recent report.

These centres are boosting India’s economic growth by driving services exports and creating high-quality finance roles, and they play a key role in managing global operations and work closely with teams across the world.

A skilled workforce (especially tech-related), expansion into tier-II cities, favourable government policies and improving infrastructure are fuelling India’s rise as the world’s front office, the report highlighted.

In FY24, GCCs generated approximately $64.6 billion in export revenue, marking a significant 40 per cent increase from $46 billion in FY23.

Mergers and Acquisition (M&A) activity in Asia Pacific region fluctuated throughout the year, declining in June as dealmakers awaited clarity to emerge on global trade negotiations, a report said on Tuesday.

Meanwhile, the $1.39 billion acquisition of a minority stake in JB Chemicals & Pharmaceuticals by Torrent Pharmaceuticals in India was June's third-largest Asia Pacific deal, according to S&P Global Market Intelligence data. Two of India's deals made it to the list of the top 10 largest deals in June.

The aggregate value of M&A deals in the Asia Pacific region declined 21.3 per cent YoY to $28.87 billion in June.

However, the number of deals increased 13.2 per cent to 834. The decline came after a 57.4 per cent jump in May. On a month-over-month basis, the aggregate deal value fell 32.1 per cent in June, while the number of deals was up 12.2 per cent.

India Inc’s annual corporate social responsibility (CSR) spending increased by 29 per cent between FY2022 and FY2024, according to a report on Tuesday.

The report by ICRA ESG Ratings showed that till March 2024, the sample set of companies collectively spent Rs 12,897 crore, with an average of Rs 129 crore on CSR initiatives.

Between FY2022 and FY2024, average net profits rose by 37 per cent while CSR spending increased by 29 per cent.

Notably, 16 out of 100 companies increased their CSR spending despite the decline in profits during the same period, reflecting a commitment to social responsibility beyond compliance.

Despite a decline in profits, 48 per cent of companies surpassed the mandated CSR budgets, underscoring their commitment beyond compliance.

Employers across key industries in India are planning measured yet meaningful compensation increases in current fiscal, with salary increments projected to range between 6.2 per cent and 11.3 per cent across sectors, and some city and role-level salary increments are expected to reach up to 13.8 per cent, according to a report on Tuesday.

The highest salary increments are expected in sectors such as EV and EV Infrastructure (11.3 per cent), Consumer Durables (10.7 per cent), Retail (10.7 per cent), and NBFCs (10.4 per cent), TeamLease Services, a people supply chain company, said in its report.

According to the report, top roles within industries with the highest salary increment are Electrical Design Engineer (12.4 per cent) in EV and EV Infrastructure, In-Store Demonstrator (12.2 per cent) in Consumer Durables, Relationship Executive (11.6 per cent) in NBFC, and Fashion Assistant (11.2 per cent) in Retail.

“The projected salary growth, ranging from 6.2 per cent to 11.3 per cent, signals a broader realignment in India’s job and wage landscape," said Kartik Narayan, CEO-Staffing, TeamLease Services.

The Indian stock market entered the green territory on Tuesday after a flat opening amid mixed global cues.

At 9.29 am, Sensex was nearly unchanged adding just 1.69 points at 80,892 points. Nifty was up 16 points or 0.06 per cent at 24,696. Amid mixed global cues, the Indian indices at the opening bell opened lower with Nifty around 24,600.

“After a negative opening, Nifty can find support at 24,600 followed by 24,500 and 24,300. On the higher side, 24,800 can be an immediate resistance, followed by 24,900 and 25,000,” said Hardik Matalia from Choice Equity Broking.

A sustained move above 25,000 is crucial for any meaningful pause in the ongoing selling pressure. As long as the index trades below the 25,000 mark, the short-term outlook remains weak, and a ‘sell-on-rise’ strategy is advisable, he added.

The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals and with inflation remaining within the target range and monsoon progress on track, the domestic economy enters the second quarter of FY26 on a relatively firm footing, Finance Ministry’s ‘Monthly Economic Review for June 2025’ said on Monday, adding that the economy has the look and feel of "steady as she goes" as far as the current fiscal (FY26) is concerned.

India’s macroeconomic fundamentals have remained resilient. Aided by robust domestic demand, fiscal prudence and monetary support, India appears poised to continue as one of the fastest-growing major economies, "with various forecasters, including S&P, ICRA, and the RBI's Survey of Professional Forecasters, projecting GDP growth rates for FY26 in the range of 6.2 per cent and 6.5 per cent", the monthly document emphasised.

India's financial markets have demonstrated notable resilience, primarily driven by strong domestic investor participation. This resilience is further underpinned by the robust health of the banking sector, as banks have strengthened their capital and liquidity buffers while improving their asset quality.

The Earth Observation Satellite jointly developed by ISRO and NASA will be launched into space on July 30 aboard India’s GSLV-F16 rocket, ISRO Chairman Dr. V Narayanan announced today.

Speaking to reporters at the Chennai International Airport, Dr. Narayanan said that the satellite will be placed in orbit at an altitude of 740 km and is equipped with state-of-the-art radar imaging technology.

“This advanced satellite can capture images of Earth 24 hours a day, even during cloud cover and rain. It will play a crucial role in detecting landslides, supporting disaster management, and monitoring climate change. Its benefits will extend not only to India and the United States but to the global community as a whole,” he said.