India and New Zealand have officially concluded a historic Free Trade Agreement (FTA) aimed at doubling bilateral trade over the next five years. Under the deal, New Zealand will eliminate or reduce tariffs on 95% of its exports to India, while Indian products gain duty-free access to the Kiwi market. Both countries also plan $20 […]
The ETBFSI Converge 2025 concluded a two-day dialogue among finance leaders, policymakers, regulators, and industry experts to chart the financial ecosystem’s roadmap into 2026. The event highlighted India’s strong recent GDP performance, record-low inflation, the RBI’s policy stance, and emerging capital market opportunities as the backdrop for future growth. Discussions spanned banking reforms, fintech innovation,
Precious metals markets in India saw a slight decline in gold and silver prices today after a prolonged rally in recent sessions, providing a breather for investors and buyers. The fall in MCX prices reflects short-term profit booking and shifting sentiment as traders rebalance portfolios amid global macroeconomic developments. Despite the dip, price levels remain
Telecom major Bharti Airtel has announced a key leadership transition in its finance team with Soumen Ray appointed as Group Chief Financial Officer, effective January 1, 2026. Ray steps into the role after a strong tenure as Airtel India CFO, bringing extensive financial and corporate strategy expertise amid an era of rapid digital and 5G
Japan’s MUFG (Mitsubishi UFJ Financial Group) is making waves in India’s finance sector with a $4.4 billion investment for a 20% stake in Shriram Finance Ltd., marking one of the largest cross-border deals in Indian financial services history. The investment signals strong foreign confidence in India’s growing credit and lending market, reflecting buoyant investor sentiment
Global rating agency S&P Global Ratings has upgraded the outlook on IIFL Finance Ltd. to ‘Positive’, while reaffirming its ‘B+/B’ long- and short-term credit ratings, citing the company’s steady recovery in its gold loan business and improving market position. The outlook revision reflects IIFL Finance’s ability to regain market share in the gold loan segment,
Axis Bank has announced plans to recruit 50 senior private bankers and expand its suite of investment products via GIFT City, aiming to capitalize on India’s rapidly growing affluent population. The move underscores how private banking and wealth management services are becoming strategic growth avenues for Indian banks as demand among high-net-worth investors rises. This
Foreign Portfolio Investors (FPIs) have continued to exit Indian equities, withdrawing a net ₹17,955 crore in the first two weeks of December. This brings total FPI outflows for the year 2025 to about ₹1.6 lakh crore, marking one of the most sustained sell-offs in recent times. Experts attribute this trend to factors such as rich
The Indian rupee has weakened to a new record low against the U.S. dollar amid ongoing trade negotiation stalemates and persistent foreign capital outflows. The currency recently breached levels not seen before, pressured by heightened uncertainty in U.S.–India trade talks, consistent FPI sell-offs, and dwindling investor confidence. The Reserve Bank of India (RBI) has stepped
Gold prices in India are showing signs of remaining strong and inching toward all-time highs, as the precious metal continues to attract safe-haven demand amid currency volatility and global economic uncertainties. Prices of 24K, 22K, and 18K gold have seen upward momentum, with investors watching technical indicators for trend continuations. Market experts suggest that profit-booking
