In a groundbreaking move, the Central Railway has launched India’s first ATM installed inside a moving train. The pilot project was conducted aboard the Panchavati Express, which operates between Manmad (Nashik) and Mumbai. This innovation marks a significant step toward improving basic financial services for passengers, especially on long routes with limited halts. The Concept: …
The Indian stock market is showing strong momentum and seems to be in a bullish phase. On Thursday, April 17, equity benchmark indices—the Sensex and the Nifty 50—recorded sharp intraday gains and looked set to end in the green for the fourth session in a row. The 30-stock Sensex opened at 76,968, slightly lower than …
US Vice President JD Vance is set to undertake his first official visit to India next week, accompanied by his wife Usha Vance and their three children. The visit, which forms the second leg of a two-nation tour beginning in Italy on 18 April, marks a significant step in furthering bilateral ties between India and …
GIFT City, India’s premier International Financial Services Centre (IFSC), has largely been a destination for inbound fund flows—catering to Non-Resident Indians (NRIs) and foreign investors. Until now, resident Indian investors had minimal access to global markets through this channel. That is about to change. Mirae Asset Mutual Fund has announced plans to launch an outbound …
In a significant development aimed at boosting entrepreneurship and access to capital, the National Stock Exchange (NSE) of India has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh. The agreement, executed through the Uttar Pradesh Small Industries Corporation (UPSIC), seeks to facilitate fundraising opportunities for Micro, Small, and Medium Enterprises (MSMEs) …
Fitch Ratings has trimmed its GDP growth forecast for India, reflecting growing concerns over the global economic outlook. The FY25 GDP forecast has been cut by 10 basis points to 6.20%, while the FY26 projection now stands at 6.40%, also 10 basis points lower than previously estimated. For FY27, Fitch expects India’s GDP to grow …
The startups in India are witnessing astonishing growth as the Angel Investors, VC, and PE are growing investment in the Indian startups. Recently, OfBusiness, an industrial goods and services procurement platform, has raised ₹100 crore (approximately $11.7 million) in a fresh funding round led by Cornerstone Ventures. OfBusiness IPO in 2H 2025 Interestingly, the company is …
During Q1FY25, Mergers and acquisitions (M&A) along with private equity (PE) investments in India’s consumer and retail sector has reached its three-year high to ~$4 billion, according to Grant Thornton Bharat’s latest quarterly deal tracker. Major Transactions in Q12025 Leading the activity were 2 major transactions: Singapore-based PE firm Temasek invested $1 billion for a …
India is considering the removal of import duties on US ethane and liquefied petroleum gas (LPG) as part of its broader trade negotiations with the United States, as per Reuters news report citing sources. This decision aligns with New Delhi’s aim to reduce its trade surplus and contribute to the bilateral target of achieving …
ArcelorMittal Nippon Steel (AM/NS) India has announced a ₹60,000 crore Phase-I investment plan focused on expanding steel capacity, increasing renewable energy usage, and setting up additional scrap processing facilities. The initiative is intended to align with the green steel taxonomy introduced by the Indian government in December 2024. Capacity and Infrastructure Plans AM/NS will expand …
