Japanese yen recently hit its lowest level in 40 years in part because of a trade strategy called 'carry trade'. Bank of Japan's near-zero interest rates are lucrative compared to interest rates in other countries. Thus, currency traders engaging in 'carry trade' borrow yen at low costs and invest the funds in other currencies and assets offering higher yields.

AAP leader Atishi shared a video on X showing heavy police and paramilitary deployment, reportedly at the Constitution Club, ahead of the party's town hall against the E20 fuel policy. She alleged that PM Narendra Modi "doesn't want anyone to discuss this issue". Earlier, Arvind Kejriwal accused the Centre of pressuring the Constitution Club to cancel the August 1 event.

Amazon has completed its $50 billion investment in OpenAI, according to a filing with the US SEC. The company invested $15 billion in the first quarter, $13.7 billion in the second, and the remaining $21.3 billion after June 30. The deal gives Amazon nearly a 5% stake ahead of OpenAI's planned public listing.

The CBI has registered an FIR against Reliance Capital, former Chairman Anil Ambani, and others in connection with an alleged ₹1,816.22 crore EPFO investment fraud. The agency alleged that the accused indulged in fraudulent transactions and diversion of funds. EPFO had invested ₹2,500 crore in the firm's secured Non-Convertible Debentures during 2013-14, which were scheduled to mature in 2023-24.

From August 3, regulators will introduce Closing Auction Session (CAS) for eligible F&O stocks, creating separate closing schedules across market segments. Non-F&O stocks will trade until 3:30 pm, while F&O cash stocks will trade till 3:15 pm, followed by CAS till 3:35 pm. Stock and index F&O will trade until 3:40 pm.

A fat-finger error during a recent public sector offer for sale (OFS) prompted stock exchanges to tighten oversight, according to a Moneycontrol report. A broker mistakenly placed a disproportionate order, triggering the exchange's risk controls. BSE and NSE have now directed brokers to strengthen access, monitoring and risk controls for OFS bidding terminals.

The US Treasury bought the Japanese yen on Friday to support the battered Asian currency, which recently hit its lowest level in 40 years, FT reported. This marks the first time that the US has intervened to support the yen in a decade. The Treasury sold euros for yen, hours after asking banks to "stand ready for future action".

Tehseen Poonawalla, who has alleged he was put under house arrest illegally, said that women police personnel have been deployed. "So if I try to escape & there is pushing, I will have severe offences put upon me," he added as he shared images of two female officers. Poonawalla had planned a solo march and hunger strike against E20 petrol.

More than 5.9 crore income tax returns (ITRs) were filed for Assessment Year 2026-27 by the July 31 deadline, according to the Income Tax Department. The due date applied to taxpayers who were not required to undergo an audit. In comparison, over 7.3 crore ITRs were filed last year, when the filing deadline had been extended to September.

The Employees' Provident Fund Organisation (EPFO) is targeting settlement of most new PF withdrawal claims on the same day or within a maximum of two days, CEO Ramesh Krishnamurthy said. He added that the EPFO has almost cleared its claim settlement backlog. "In the new system, we are seeing auto-settled claims as high as 90%," he said.