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UPI transactions for capital market investments experienced a 22% year-on-year decline in volume from June to August, totaling 1.51 lakh crore. This drop occurred as investors became cautious ahead of the new UPI payment framework aimed at curbing fraud, set to launch on October 1. The new system introduces a fund-blocking mechanism similar to ASBA.
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News and Media
Silver prices in Delhi soared to a record 1.40 lakh per kg, driven by strong global cues. Conversely, gold prices dipped to 1,17,370 per 10 grams due to weak retail demand. Futures trading saw silver contracts reach new peaks, while gold also experienced gains, fueled by expectations of Federal Reserve rate cuts.
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News and Media
Maruti Suzuki India has ascended to become the world's eighth most valuable automaker, surpassing giants like Ford and General Motors. Fuelled by positive investor sentiment following tax reforms and a revamped GST regime, Maruti's market capitalization has soared to nearly $57.6 billion. The company's stock has rallied significantly, outperforming the Nifty Auto index, with foreign investors increasing their exposure.
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News and Media
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