European Union & State Bank of India

European Union: European Union factories are facing soaring costs and supply shocks due to the Iran war, impacting manufacturing activity and pushing up inflation.

State Bank of India: The State Bank of India has implemented measures to contain the impact of the Iran war on the rupee and foreign exchange reserves, but faces increasing pressure to address inflation and slowing economic growth.

European Union: The European Union's Revised Payment Services Directive (PSD2) allows One97 Communications — Paytm Europe Payments S.A. to offer its services across all EU countries with a single license, enabling broader market access.

State Bank of India: The State Bank of India (RBI) previously authorized Paytm to act as a payment aggregator for offline payments and cross-border transactions, and also cancelled the banking license of Paytm Payments Bank Limited, providing context to Paytm's strategic moves.

European Union: The European Union's foreign policy chief, Kaja Kallas, stated that the bloc would keep its sanctions on Iran in place for now, indicating a cautious approach despite the U.S. lifting its sanctions.

State Bank of India: State Bank of India gained up to 3% as part of the broad-based market rally.