India witnessed several significant developments across business, technology and policy on Thursday, with the country's gold demand declining during the April–June quarter, the Centre acknowledging the impact of E20 fuel on older vehicles, and offline messaging platform BitChat introducing a new app-sharing feature for Android users.

Here are the top business stories of the day.

Gold Demand Declines 6% in April–June Quarter

India's gold demand fell 6 per cent year-on-year during the April–June quarter to 131.4 tonnes, according to the World Gold Council (WGC).

The country's gold consumption stood at 139.7 tonnes during the corresponding period last year.

Industry analysts attribute the decline primarily to higher gold prices and increased customs duty, while the World Gold Council also noted that changing consumer buying patterns and restrained purchases contributed to lower demand.

The report comes at a time when domestic gold prices remain near record highs, prompting consumers to postpone discretionary jewellery purchases.

Government Admits E20 Fuel May Affect Older Vehicles

In a significant policy acknowledgment, the Central Government has stated that E20 petrol, which contains 20 per cent ethanol blending, may affect certain components in older vehicles.

Responding to a question in the Rajya Sabha, Union Road Transport and Highways Minister Nitin Gadkari said some BS-3 vehicles, largely manufactured between 2005 and 2016, may require replacement of rubber components and gaskets after prolonged use of E20 fuel.

However, the minister clarified that the fuel does not require engine replacement, and the affected parts can be changed during routine servicing.

India has been expanding ethanol blending in petrol as part of its strategy to reduce crude oil imports and promote cleaner fuel usage.

BitChat Introduces Offline App Sharing

Offline messaging platform BitChat, developed by Twitter co-founder Jack Dorsey, has announced a new feature enabling Android users to install the application without internet access.

The update allows users to transfer and install the application directly from one Android device to another using Bluetooth, eliminating the need for Google Play Store, GitHub or an internet connection.

The company announced the feature on social media platform X, positioning the application as a communication tool capable of functioning even during internet shutdowns or limited connectivity.

BitChat recently drew attention after reports suggested it had been used during youth-led demonstrations because of its ability to exchange messages without relying on conventional internet infrastructure.

Loan Against Fixed Deposit Can Reduce Borrowing Cost

Financial experts continue to advise deposit holders to consider taking a loan against a Fixed Deposit (FD) instead of prematurely breaking the investment during emergencies.

A loan against an FD generally carries an interest rate only slightly higher than the FD's earning rate, allowing investors to retain interest income while meeting immediate financial requirements.

Such loans are commonly used for medical emergencies, education expenses, home repairs and other short-term funding needs without disrupting long-term savings.

Patanjali Group Gets IRDAI Approval for Magma General Insurance Acquisition

The Insurance Regulatory and Development Authority of India (IRDAI) has approved the proposed acquisition of Magma General Insurance by Patanjali Ayurved and the Dharampal Satyapal (DS) Group.

According to the company's regulatory filing, the approval was granted on July 28 and will remain valid for three months, during which the transaction is expected to be completed.

Media reports estimate the acquisition value at around ₹4,500 crore. The transaction, originally announced in March 2025, marks Patanjali Group's entry into the general insurance sector, subject to completion of regulatory formalities.

Markets Eye Fresh Cues

Investors will continue to monitor commodity prices, corporate earnings, domestic policy announcements and global market developments for fresh direction. Gold demand trends, fuel policy changes and financial sector consolidation are expected to remain key themes influencing business sentiment in the coming weeks.