India’s annual retail inflation (CPI) dropped to 1.55% in July, marking its lowest level since June 2017. According to government data, this figure came in below the 2.10% recorded in June and well below economists’ expectations of 1.76%. Drivers of the Disinflation Food Price Deflation: Food...
In a landmark move to strengthen financial literacy and promote digital inclusion, the Reserve Bank of India (RBI) has launched its official, verified WhatsApp channel. This initiative forms part of the ongoing #RBIKehtaHai public outreach campaign, designed to ensure that critical financial information reaches every Indian...
Unlisted stocks are increasingly catching the attention of retail investors in India, driven by IPO anticipation and nostalgia for listing gains. However, this trend carries significant risks, including valuation mismatches, regulatory opacity, and liquidity constraints. Institutional reports and investor caution both highlight why unlisted equities, though...
OpenAI co-founder Sam Altman is spearheading a bold venture into neural technology with Merge Labs, a startup building brain–computer interfaces (BCIs) designed to rival Elon Musk’s Neuralink. Merge Labs is raising around $250 million at an $850 million valuation, with expectations that significant funding will come...
Gurugram-based fintech NBFC Seeds Fincap has raised ₹50 crore in a Pre-Series B funding round led by existing investors Z47 and Lok Capital, with fresh participation from Norinchukin Capital and Alteria Capital. The capital infusion will enable strategic expansion of its branch network into underserved regions,...
The Reserve Bank of India (RBI) has granted in-principle approval to Paytm Payments Services Ltd (PPSL)—a wholly owned arm of One 97 Communications—to operate as an Online Payment Aggregator (PA). This milestone paves the way for Paytm’s comeback in merchant onboarding and digital payments. Approval comes...
India’s market regulator, the Securities and Exchange Board of India (SEBI), has rejected the settlement requests filed by industrialist Anil Ambani, his family members, and former Yes Bank CEO Rana Kapoor. The pleas were made in connection with allegations arising from substantial investments by Reliance Mutual...
The Insolvency and Bankruptcy Board of India (IBBI) has proposed a significant amendment to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The proposal mandates that the Committee of Creditors (CoC) formally record its deliberations concerning the eligibility of resolution applicants...
With the Reserve Bank of India (RBI) mandating a June 30, 2025 deadline for IndusInd Bank to appoint its new Managing Director and Chief Executive Officer (MD & CEO), the bank’s board has shortlisted three seasoned leaders: Rajiv Anand from Axis Bank, Rahul Shukla from HDFC...
Today, five major Indian stocks go ex-dividend—meaning the final date to qualify for their dividends has passed. These include ICICI Bank, Grasim Industries, RITES Ltd., Dwarikesh Sugar Industries, and H.G. Infra Engineering. Investors must own shares before August 12 under the T+1 settlement system to be...
In July, UPI (Unified Payments Interface) recorded a staggering 19.5 billion transactions amounting to ₹25 lakh crore. While groceries and supermarkets dominated by volume, debt collection agencies emerged as the highest-value recipients—highlighting UPI’s expanding role in servicing everyday needs and significant financial obligations alike. Key Data...
Reserve Bank of India Governor Sanjay Malhotra has clarified that minimum balance requirements for savings accounts are not regulated by the RBI. Instead, individual banks are empowered to determine their own thresholds based on business strategy and customer segments. This statement comes following ICICI Bank’s decision...
The government unveiled the updated Income Tax Bill 2025 in Parliament, introducing several reforms aimed at simplifying tax compliance and extending targeted relief to taxpayers. Notable highlights include full deduction for commuted pension payouts, extended standard deduction benefits, clarified treatment of rental income, and incentives for...
After a strong rally on Monday—whereby the Nifty 50 surged by 221.75 points (0.91%) to 24,585.05 and the BSE Sensex rose 746.29 points (0.93%) to 80,604.08—institutional optimism met cautious sentiment on Tuesday as investors awaited crucial inflation data from India and the U.S. At the market...
Following a challenging FY25 marked by accounting irregularities and a leadership reshuffle, IndusInd Bank is recalibrating for growth with a renewed focus on retail deposits, secured retail lending, MSME portfolios, and rural outreach. Chairman Sunil Mehta outlined these strategic priorities, positioning the bank for a turnaround...
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