GIFT City Insurance Premiums Surge 11-Fold to $1.2 Billion
GIFT City in Ahmedabad sees insurance premiums skyrocket from $102M in 2020 to over $1.2B in 2025, driven by global insurers like Allianz and Lloyd's establishing operations.
Category : Banking
TVS Venu Group Acquires PGIM India Asset Management Fully
TVS Venu Group announces acquisition of 100% stake in PGIM India Asset Management and Trustees from Prudential Financial, subject to regulatory approvals, expanding its financial services portfolio.
RBI Allows Rupee Note Exchange at Airport Forex Counters
The Reserve Bank of India has authorized airport foreign exchange counters to facilitate the exchange of Indian rupee notes for residents, enhancing convenience for travelers and supporting financial inclusion.
RBI Allows Rupee Exchange at Airport Forex Counters for All Travelers
The Reserve Bank of India has expanded access to foreign exchange counters at international airports, now allowing both residents and non-residents to exchange Indian rupee notes beyond immigration checkpoints.
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TVS Venu Group Acquires PGIM India Asset Management
TVS Venu Group announces acquisition of 100% stake in PGIM India Asset Management and PGIM India Trustees from Prudential Financial, expanding its financial services portfolio.
Rupee Gains 1.6% to 93.14 After RBI Measures
The Indian rupee strengthened by 1.6% to settle at 93.14 against the US dollar after RBI measures, though it faces pressure from foreign capital outflows and global factors.
NABARD Jharkhand Invests Record ₹5,703 Crore in Rural Development
NABARD's Jharkhand branch achieved record performance in 2025-26 with ₹5,703.74 crore investment for rural credit, sustainable agriculture, and digital transformation, including ₹3,316 crore credit support and ₹2,400 crore for infrastructure.
Silver Slumps Rs 9,000, Gold Declines Rs 3,500 on Global Weakness
Precious metals faced a sharp downturn as silver prices plunged by Rs 9,000 per kg and gold fell by Rs 3,500 per 10 grams, driven by subdued global cues and reduced demand.
RBI Assistant Admit Card 2026 Released for 650 Posts
The Reserve Bank of India has issued the RBI Assistant Admit Card 2026 for 650 posts. Download hall tickets from the official website for prelims on April 11 and 13, 2026.
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CBI Files FIR Against Anil Ambani, RCOM in LIC Fraud Case
The CBI has registered a new FIR against Anil Ambani and Reliance Communications for allegedly causing a wrongful loss of Rs 3,750 crore to LIC through fraudulent NCD subscriptions and fund misuse.
Rupee Gains 157 Paise to 93.13 vs USD After RBI Move
The Indian rupee rebounded sharply by 157 paise to settle at 93.13 against the US dollar, recovering from a record low after the RBI restricted banks' net open positions in forward markets.
DA Hike for Central Govt Staff Expected Soon: Details
A significant Dearness Allowance (DA) hike for central government employees is likely to be announced soon, with expectations of a 4% increase. This adjustment aims to offset inflation and will impact salaries and pensions for millions.
Airtel Hits 650M Global Customers, 368M in India
Bharti Airtel achieves a major milestone with over 650 million customers worldwide, including 368 million in India, showcasing robust growth in the telecom sector.
Gold Futures Drop 4% as Dollar Rises on Trump's Iran Warning
Gold futures in India fell sharply by nearly 4% to Rs 1.47 lakh per 10 grams, driven by a stronger US dollar following former President Donald Trump's warning on Iran, impacting global safe-haven demand.
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UPI March 2026: 2,264 Crore Transactions, Rs 29.53 Lakh Crore Value
UPI transactions surged 11.02% to 2,264 crore in March 2026, with value up 10% to Rs 29.53 lakh crore. Daily averages show robust growth, with FY26 totals reaching 24,160 crore transactions and Rs 308 lakh crore value.
RBI's Two-Factor Authentication for Digital Payments Now Active
The Reserve Bank of India has made two-factor authentication mandatory for all digital transactions to enhance security and reduce fraud risks in online payments.
Rupee Rebounds 151 Paise After RBI Caps Banks' Forex Positions
The Indian rupee surged 151 paise to 93.19 against the US dollar in early trading on Thursday, following an RBI circular that caps banks' net open positions at $100 million. The recovery comes after the currency hit a record low of 94.84 last week.
HDFC Life Partners with Kolkata Knight Riders for IPL Season
HDFC Life Insurance announces a strategic partnership with Kolkata Knight Riders for the upcoming cricket season, aiming to boost brand visibility and engage fans.
Fitch: Indian Banks Face Margin Pressure in Tight Liquidity
Fitch Ratings warns that Indian banks may experience margin pressure due to tighter liquidity conditions, impacting profitability despite strong credit growth.
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RBI Bans Non-Deliverable Rupee Derivatives to Curb Speculation
The Reserve Bank of India has issued strict curbs on rupee-linked derivatives, banning non-deliverable contracts and tightening hedging rules to reduce volatility and control currency markets amid geopolitical pressures.
Health Insurance Portability: The Hidden Complexities
Health insurance portability was designed to allow policyholders to switch insurers without losing continuity benefits. However, medical screening, benefit transfer limits, and post-claim disputes often turn this process into a fraught exercise, revealing
Govt Extends Tax Rebate Scheme, Punjab-Haryana to Benefit
The Indian government has extended a crucial tax rebate scheme, providing significant benefits to export hubs in Punjab and Haryana, boosting regional trade and economic growth.
RBI Announces Rs 29,000 Crore Underwriting Auction for G-Secs
The Reserve Bank of India (RBI) has announced an underwriting auction for government securities worth Rs 29,000 crore, aimed at managing liquidity and supporting the government's borrowing program.
RBI Clarifies Validity of Rs 2000 Notes
The Reserve Bank of India has issued a fresh statement on the validity of Rs 2000 notes, addressing public concerns and providing clear guidelines for holders.
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RBI's Two-Factor Authentication for UPI Payments Now Active
The Reserve Bank of India's new rule requiring two-factor authentication for all UPI payments above Rs 2,000 is now in effect, enhancing security for digital transactions across India.
2FA Mandatory for All Digital Transactions in India
The Reserve Bank of India has made two-factor authentication compulsory for all digital transactions to enhance security and reduce fraud, impacting payments across banks and fintech platforms.
CredResolve Raises Pre-Series A to Revolutionize Debt Collections
AI-powered debt collections firm CredResolve raises Pre-Series A funding led by Merak Ventures. The company plans to expand operations, enhance multilingual AI, and launch a self-serve platform to address India's fragmented ₹60,000 crore collections marke
IT Stock Hits Upper Circuit on Indian Railways Contract
An IT company's stock surged to the upper circuit limit after receiving a Letter of Award from Indian Railways for a significant project, boosting market confidence.
RBI Enforces Stricter 2FA for Digital Payments from April 1
The Reserve Bank of India introduces mandatory two-factor authentication for all digital transactions to combat rising fraud risks, alongside banking and tax reforms effective April 1, 2026.
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Fresh Rating Update Could Change Everything for Investors
A new rating update from a major agency is poised to significantly impact investor strategies, potentially altering market dynamics overnight.
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