Finance Minister Nirmala Sitharaman issued a strong message to India’s fintech sector, urging startups and tech leaders to focus on developing safeguards against deepfake threats. Speaking at the Digital Payments Awards 2025, she emphasized the risk of identity-based frauds eroding public trust in digital financial systems. With India being one of the fastest adopters of […]
ESAF Small Finance Bank shares surged over 11% today after its board approved the sale of ₹735 crore worth of non-performing assets (NPAs) to an Asset Reconstruction Company (ARC). This strategic move is aimed at cleaning up the balance sheet and boosting investor confidence in the bank’s asset quality. The market has reacted positively to
IT and banking stocks were the biggest drags on Indian indices today, with heavyweights like Infosys and HDFC Bank seeing early losses. The cautious global outlook and reduced risk appetite among foreign institutional investors (FIIs) have added to the pressure on these sectors. Analysts suggest that the current dip could be temporary, with long-term fundamentals
✅ Per Gram Prices: City 24 Carat (Pure Gold) 22 Carat 18 Carat Chennai ₹10,108 ₹9,265 ₹7,625 Mumbai ₹10,037 ₹9,200 ₹7,528 Delhi ₹10,052 ₹9,215 ₹7,540 Kolkata ₹10,037 (approx) ₹9,200 ₹7,528 Bangalore ₹10,037 ₹9,200 ₹7,528 📊 Price Trend 📌 Quick Notes
Government data for May shows India’s merchandise trade deficit narrowed to USD 21.88 billion from USD 26.42 billion in April, significantly below economists’ forecast of USD 25 billion. The improvement stems from both slower import growth, notably in oil and gold, and seasonal uptick in exports—the former stood at USD 60.6 billion, with exports at USD 38.7 billion. On the services front, India posted a
Indian benchmark indices surged on strong buying across IT, financials, and real estate, overcoming geopolitical concerns stemming from rising Middle East tensions. The Sensex climbed ~678 points (0.84%) to 81,796, while the Nifty closed near the 24,950 mark—driven mainly by IT (+1.6%) and banking sector gains—lifting all major sectors. Analysts point to five key catalysts: dovish
In the wake of the RBI’s rate cut, the State Bank of India (SBI) has reduced its base lending rate by up to 50 basis points across product segments. This adjustment brings significant relief for borrowers, especially those with home and education loans, by lowering monthly repayment costs and encouraging increased borrowing and spending. Simultaneously, SBI
The Reserve Bank of India (RBI) has initiated consultations with major treasury participants to explore narrowing the gap between the overnight call money rate (currently around 5.30%) and its policy repo rate at 5.50%. The persistent divergence since April has raised concerns about the effectiveness of monetary transmission, prompting the central bank to potentially introduce
Tata Motors witnessed a sharp decline in its stock price on June 14, 2025, with shares falling over 6% in early trade. The fall comes after the company’s luxury vehicle arm, Jaguar Land Rover (JLR), trimmed its margin guidance for the upcoming financial year (FY26), citing near-term headwinds in demand and rising operational costs. 🔻
India’s economy continues to showcase resilience and robust growth, even in the face of mounting global headwinds, according to a recent report released by CareEdge Ratings. The report highlights India’s ability to sustain its momentum through strong domestic demand, fiscal discipline, and macroeconomic stability. 📊 Key Highlights from the CareEdge Report 🌍 Global Headwinds in
