NPCI has secured a 1.5-acre land deal in Mumbai’s BKC for Rs 829.43 crore to establish its global headquarters, signaling a strategic move to consolidate operations and drive innovation in digital payments. The 80-year lease from MMRDA will allow NPCI to construct a 16-story tower with a 5,000-seat R&D center, reflecting its rising global stature…
Bank Holiday for Muharram 2025: There was uncertainty about banking services on July 7, 2025, due to confusion over the Muharram holiday. The official government calendar stated Muharram was on July 6, 2025. Therefore, banks are open on July 7.
Indian telecom users are likely to face another round of tariff hikes by the end of 2025, with prices potentially increasing by 10-12% for mid- and high-paying consumers. This revision is influenced by a surge in active subscribers and the return of secondary SIM users. Operators may adopt tiered pricing models, focusing on data usage…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on global uncertainty regarding US President Donald Trump’s tariff policies.
Jefferies projects a slowdown in India’s corporate revenue and earnings growth for FY26 due to an anticipated moderation in nominal GDP growth to 9%, the second-lowest since FY04, excluding FY21. Despite steady real GDP growth, easing inflation is the primary driver. This deceleration may also impact credit expansion, potentially affecting the financial sector and investment…
Asian markets experienced a downturn on Monday due to renewed uncertainty surrounding US tariff policies, exacerbated by OPEC+’s unexpected output increase. Trump’s announcement of potential tariff hikes on trading partners caused anxiety, particularly as negotiations with key nations like India and Japan are underway.
Following finance ministry concerns over declining low-cost deposits, several public sector banks, including Canara Bank and Punjab National Bank, are scrapping minimum balance penalties on savings accounts. This policy shift, influenced by Jan Dhan account data and SBI’s earlier move, aims to boost CASA deposits. Banks will now recover costs through alternative fees like debit…
Quick commerce platforms like Swiggy Instamart and Blinkit are facing consumer pushback due to rising fees, including handling, delivery, and surge charges. This is prompting shoppers to compare prices with local vendors and plan purchases to avoid extra costs.
BRICS nations have urged developed economies and financial institutions to provide substantial climate finance to developing countries, emphasizing the need for predictable and affordable funding to achieve Paris Agreement goals. They also highlighted the importance of the IMF in supporting vulnerable economies and praised the New Development Bank’s growing role in the Global South.
Adani Enterprises Ltd (AEL) is launching a public issue of secured non-convertible debentures (NCDs) worth up to ₹1,000 crore, offering yields up to 9.3% per annum. Opening on July 9 and closing on July 22, the issue has tenors of 24, 36, and 60 months. Proceeds will primarily be used for debt repayment.
