Invesco Mutual Fund has launched a new Invesco India Consumption Fund (open-ended equity scheme) aimed at riding India’s domestic consumption story. The mandate intends to allocate at least 80% of its assets into equities and equity-related instruments of companies benefiting from rising consumption trends in India. With consumer sectors like FMCG, discretionary retail, and rural […]
Moody’s has reaffirmed India’s long-term sovereign credit rating at Baa3 and maintained a “stable” outlook. The rating agency cited India’s strong economic momentum, healthy foreign interchange reserves, and robust domestic funding for fiscal deficits as key supports. However, Moody’s sounded caution over rising fiscal pressures: it noted that tax cuts designed to stimulate consumption have
The Government of India has announced the interest rates for popular small savings schemes such as the Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), and others for the October–December 2025 quarter (Q3 of FY26). Despite speculation of a possible rate cut following the Reserve Bank of India’s repo rate reduction,
The fintech landscape is witnessing yet another major development as Light, an AI-driven finance software startup, secures fresh investment from one of the early backers of Revolut. This move not only highlights the growing confidence in artificial intelligence within the financial sector but also underscores Light’s potential to reshape the future of digital finance. A
The Vahana Mitra scheme, launched to support auto and taxi drivers, has been a crucial lifeline for thousands of families across the state. Designed to provide financial assistance to drivers who often struggle with irregular earnings and high maintenance costs, the scheme has played an important role in ensuring livelihood stability. Recently, there has been
Reliance Jio has introduced a new prepaid plan offering 2GB of data per day with unlimited voice calls and 365 days of validity. This plan is priced at ₹2,879, making it one of the most cost-effective options for users seeking long-term data and calling benefits. 📱 Plan Details 🔍 Comparison with Other Plans Plan Price
Here’s a breakdown of what gets cheaper for urban households under GST 2.0, effective from September 22, 2025. 🔍 Key Changes in GST 2.0 🧾 What’s Getting Cheaper for Urban Households Category Change Example / Impact Personal Care & Beauty / Fitness Services Salons, spas, gyms, yoga studios etc. will now attract 5% GST instead
Xavier Institute of Management and Entrepreneurship (XIME) has taken a major step toward strengthening industry-focused education with the launch of its state-of-the-art Bloomberg Lab. This facility will empower students with hands-on access to global financial markets, bridging the gap between classroom learning and real-world applications. The Bloomberg Lab, equipped with advanced Bloomberg Terminals, provides students
Public Sector Banks (PSU banks) are being positioned as pivotal players in India’s grand vision of Viksit Bharat 2047, a long-term goal to become a developed nation by the 100th year of independence. The Finance Ministry has laid out expectations for PSU banks to strengthen their global competitiveness, deepen inclusive growth, and lead in financing
The central government has approved ₹3.6 lakh crore worth of interest-free loans (50-year tenure) to various states under the Special Assistance to States for Capital Investment (SASCI) scheme. These funds are earmarked specifically for state-level capital expenditure (capex), such as infrastructure projects, public works, roads, utilities, etc. Already, 22 states are showing capex growth above
