ICICI Bank updates service charges for ATMs, DDs, cash deposits and cards; new rates effective from July 1 - check details
https://timesofindia.indiatimes.com/business/financial-literacy/banking/icici-bank-updates-service-charges-for-atms-dds-cash-deposits-and-cards-new-rates-effective-from-july-1-check-details/articleshow/121929288.cms

Starting July 1, 2025, ICICI Bank is set to revise service charges across various banking transactions. These revisions include fees on demand drafts, ATM usage, cash deposits and withdrawals, and debit card services, impacting both metro and non-metro customers. While some exemptions are provided for senior citizens, most services will see increased charges.

Defence revenue seen rising 15–17% in FY26, Icra says strong order book and localisation to lift margins, capital outlay hits Rs 1.92 lakh crore
https://timesofindia.indiatimes.com/business/india-business/defence-revenue-seen-rising-1517-in-fy26-icra-says-strong-order-book-and-localisation-to-lift-margins-capital-outlay-hits-rs-1-92-lakh-crore/articleshow/121931555.cms

India's defence manufacturing sector is poised for substantial growth, projecting a 15-17% revenue increase in FY2025-26. This surge is fueled by strong order books, government support for domestic procurement, and the Atmanirbhar Bharat initiative. Defence exports have also seen a significant rise, coupled with increased budgetary allocations, though working capital management remains a challenge.

Currency watch: Rupee slips 13 paise to 86.47 against US dollar, crude prices and Middle East tensions weigh on sentiment
https://timesofindia.indiatimes.com/business/india-business/currency-watch-rupee-slips-13-paise-to-86-47-against-us-dollar-crude-prices-and-middle-east-tensions-weigh-on-sentiment/articleshow/121932695.cms

The Indian rupee weakened to 86.47 against the US dollar due to risk-off sentiment, high crude oil prices, and Middle East tensions. Despite a slight dip in Brent crude and FII buying, domestic equities fell, influenced by the upcoming US unemployment data and Federal Open Market Committee meeting outcome, where interest rates are expected to remain steady.

Elon Musk’s Starlink faces new rival as Vi joins AST SpaceMobile, smartphone satcom service announced, launch date to be decided later
https://timesofindia.indiatimes.com/business/india-business/elon-musks-starlink-faces-new-rival-as-vi-joins-ast-spacemobile-smartphone-satcom-service-announced-launch-timeline-under-wraps/articleshow/121934910.cms

Vodafone Idea partners with AST SpaceMobile to bring satellite-based mobile services directly to smartphones across India, aiming to expand coverage in unconnected regions. This collaboration integrates AST SpaceMobile's space-based cellular technology with Vi's network, enabling voice, video, and data services without specialized hardware. The partnership will explore commercial offerings for consumer, enterprise, and IoT applications.

Income Tax Return e-filing: Can you keep switching between new and old tax regime every year? What taxpayers should know
https://timesofindia.indiatimes.com/business/financial-literacy/taxation/income-tax-return-e-filing-can-you-keep-switching-between-new-and-old-tax-regime-every-year-what-taxpayers-should-know/articleshow/121929345.cms

ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income. The new regime is now the default, requiring taxpayers to actively opt for the old one. This choice can be made at the start of the financial year or during ITR filing, but only if returns are filed by the due date.

Govt bond push: Sebi eases compliance rules for G-Sec FPIs, KYC norms and disclosure timelines relaxed
https://timesofindia.indiatimes.com/business/india-business/govt-bond-push-sebi-eases-compliance-rules-for-g-sec-fpis-kyc-norms-and-disclosure-timelines-relaxed/articleshow/121936813.cms

SEBI has approved compliance relaxations for Foreign Portfolio Investors (FPIs) investing exclusively in Indian government securities (G-Secs) to simplify onboarding and improve ease of business. The move aligns KYC timelines with RBI norms, removes investor group disclosure for FAR route investors, and allows NRIs/OCIs to participate with certain restrictions.

ICAI begins review of IndusInd Bank, Gensol accounts, says audit probe may take six months; disciplinary action to follow if lapses found
https://timesofindia.indiatimes.com/business/india-business/icai-begins-review-of-indusind-bank-gensol-accounts-says-audit-probe-may-take-six-months-disciplinary-action-to-follow-if-lapses-found/articleshow/121936943.cms