Puravankara’s Subsidiary Secures Major Contract Worth ₹118.63 Crores

Puravankara Limited has made a significant announcement involving its wholly owned material subsidiary, Starworth Infrastructure and Construction Limited. The subsidiary has received a Letter of Intent (LOI) from Ranka Properties Private Limited for a major construction project. This development aligns with the company’s broader operational growth and was disclosed in accordance with SEBI’s listing regulations.

Contractual Scope and Project Details

Starworth Infrastructure has been awarded the Concrete and Blockwork Package for the upcoming project titled “Ranka Ankura.” The value of the contract stands at ₹118,63,32,966 reflecting the project’s scale and significance. The LOI was received on April 3, 2025, with the formal execution of the agreement currently underway. The transaction involves no shareholding, board representation, or related-party involvement. It represents a standalone, arm’s-length engagement aimed at operational expansion.

Regulatory Compliance and Corporate Impact

In its regulatory filing, Puravankara confirmed that the deal bears no impact on the management or control of the listed entity. There are no restrictions, liabilities, or share issuances attached to the agreement. The company clarified that Ranka Properties holds no affiliation with the promoter group. All disclosures were made in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, along with relevant circulars issued in November 2024.

Purvankara Share Performance 

As of April 07, 2025, at 10:25 AM, Purvankara share price is trading at ₹214.35 per share, reflecting a loss of 9.92% from the previous day’s closing price. Over the past month, the stock has registered a decline of 15.75%.

Conclusion

The agreement with Ranka Properties marks a strategic milestone for Starworth Infrastructure. It enhances Puravankara’s project pipeline while reinforcing its commitment to transparent and compliant business practices in the infrastructure sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Endurance Technologies Secures ₹6,060.32 Million Industrial Subsidy Approval From Maharashtra Govt

Endurance Technologies Limited has received an Eligibility Certificate from the Directorate of Industries, Government of Maharashtra. The certificate, dated March 25, 2025, confirms the company’s qualification under the 2019 Package Scheme of Incentives for a project expansion.

Incentives Details

The company qualifies to receive financial incentives worth ₹6,060.32 million. These incentives are for the investment made in fixed assets at its Waluj units in Chhatrapati Sambhajinagar between 1st April 2019 and 31st August 2024.

Method and Duration of Incentive

Endurance Technologies plans to claim the incentives as Industrial Promotion Subsidy. This will be done through SGST collections and electricity duty exemptions over a seven-year period from 1st October 2024 to 30th September 2031. The maximum benefit per year can be up to ₹865.76 million.

About Endurance Technologies Ltd

Endurance Technologies Limited is a leading auto component manufacturer in India, known for supplying high-quality parts to major two-wheeler and four-wheeler companies. The company focuses on innovation, strong manufacturing capabilities and customer satisfaction across domestic and global markets.

Share performance 

As of April 07, 2025, at 11:35 AM, Endurance Technologies Ltd Share Price is trading at ₹1,761.50 per share, reflecting a loss of 4.07% from the previous day’s closing price. Over the past month, the stock has registered a loss of 6.44%. The stock’s 52-week high stands at ₹3,061.30 per share, while its low is ₹1,675.00 per share.

Conclusion

This incentive approval reflects government support for industrial growth and expansion. It strengthens Endurance Technologies’ ability to invest further, improve operations and contribute to regional economic development over the coming years.

Read more on: Shares That Hit Circuit Limits On April 07, 2025, Wockhardt Ltd, Kfin Technologies, and More

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

MSCI Emerging Markets Index Sees Steepest Drop Since 2008

Emerging markets faced a heavy blow as the latest round of US tariffs triggered widespread panic across global equities. The MSCI Emerging Markets Index plunged more than 8% in a single session — its worst performance since the 2008 global financial crisis.

The selloff was broad-based, with major indices in mainland China, Hong Kong, South Korea, and Taiwan recording sharp declines. Investors rushed towards safe-haven assets as fears mounted over an economic slowdown triggered by tariff escalation.

Currency Weakness Adds to Market Pressures

The MSCI index tracking emerging market currencies also slid to a one-month low. Notably, the Mexican peso and the South African rand bore the brunt of the decline, with the rand falling to its weakest level in a year.

Amid the turmoil, the People’s Bank of China (PBOC) set the yuan’s daily reference rate at its weakest level since December, fuelling speculation that Beijing may allow further depreciation in response to economic headwinds.

China Signals Countermeasures

China, which remains a primary target of US tariffs, announced that it would impose countermeasures in response to Washington’s levies. This announcement followed the PBOC’s decision to adjust the yuan’s fixing, hinting at a shift in its stable currency stance to potentially bolster export competitiveness.

Such moves have added to concerns about currency wars, which could further destabilise global financial markets already strained by trade tensions and growth uncertainties.

Rising Recession Fears in the US

Market sentiment was further dampened by growing concerns over the potential for a US recession. Analysts warn that the economic ripple effects of ongoing trade barriers may significantly weaken the US growth trajectory, with global ramifications.

The prospect of a slowdown in the world’s largest economy has prompted a reassessment of risk across global markets, particularly in emerging economies heavily reliant on exports and foreign investment.

Asian Credit Risk on the Rise

Asian credit markets were not spared. Risk premiums jumped the most since 2020 as investors began to reassess corporate and sovereign credit risk in light of deteriorating trade dynamics. The uncertainty over future policy moves in both the US and China has injected fresh volatility into already fragile markets.

Indonesia Takes Pre-Emptive Action

Although Indonesia’s financial markets remained closed due to a week-long holiday, the central bank took proactive steps to cushion the impact of the global selloff. It intervened in the offshore rupiah market on Monday and stated its intention to act “aggressively” once onshore markets reopen.

This pre-emptive measure underscores the scale of concern among policymakers in emerging economies, many of whom are seeking to insulate their currencies and financial systems from external shocks.

Conclusion

The sharp selloff in emerging equities and currencies highlights the fragility of global markets in the face of geopolitical and economic friction. As trade tensions escalate and recession risks grow, emerging economies may face increasing challenges in maintaining stability. Policymakers and investors alike will be closely watching the next developments, particularly any further shifts in currency policies and trade relations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Mental Health Insurance in India: Why Claims Remain Low Despite Rising Coverage

In India, health insurers are now required by regulation to offer mental health coverage on par with physical ailments. This mandate stems from the Mental Healthcare Act, 2017 and the subsequent IRDAI directive in 2018, which made it compulsory for all health insurance providers to include mental health in their policies.

However, while the coverage exists on paper, the actual utilisation remains strikingly low. According to recent data from Marsh McLennan, mental health accounts for less than 1% of all health insurance claims in India—a figure that points to a significant gap between policy and practice.

The Knowledge Gap: Awareness Is Still a Major Barrier

A key reason behind the underutilisation of mental health insurance is lack of awareness. The Marsh McLennan report found that 42% of individuals are unaware that their policy includes mental health benefits.

Furthermore, 83% of employers observed minimal utilisation of mental health-related claims, suggesting that even when coverage is available, it is not being effectively communicated or accessed.

This disconnect highlights a critical shortfall in educating policyholders about what their insurance actually covers.

Read More Suzlon Energy Share Price Declines 17%, Touches One-Month Low. 

Outpatient Services: The Missing Piece in Most Policies

One of the main limitations of current health insurance plans is the exclusion of outpatient (OPD) services. Mental health treatment, by its nature, is largely outpatient-focused—therapy sessions, psychiatric consultations, and counselling rarely require hospitalisation.

Yet, most insurance policies only kick in when the treatment involves hospital admission.

While some policies do cover serious mental health conditions like schizophrenia, bipolar disorder, and severe depression when hospitalised, day-to-day therapeutic interventions remain outside the scope of many plans.

Stigma and Network Limitations Add to the Problem

Beyond coverage limitations, social stigma continues to be a major barrier. The report indicates that 48% of employees fear discrimination if they disclose mental health concerns, while 21% struggle to find in-network mental health providers.

This not only discourages people from seeking help but also prevents them from using the benefits they are entitled to.

Additionally, insurers often exclude coverage for treatments related to substance abuse, self-harm, or pre-existing conditions—further narrowing the window for effective mental health support.

Waiting Periods and Exclusions Lead to Policy Confusion

As with physical health issues, mental health conditions often come with waiting periods—especially if pre-existing. This can create confusion and frustration when individuals try to make claims, only to find their condition isn’t covered immediately.

Moreover, many policies still include vague or unclear language about what constitutes a claimable mental health expense, which adds to the overall uncertainty.

Claims Process Mirrors Physical Health—but Cashless Support Is Limited

The administrative process for making mental health claims is similar to that for physical health—requiring prescriptions, diagnostic reports, and hospital bills.

However, there are fewer cashless options for mental health treatment, particularly in outpatient settings, leading to more rejections and out-of-pocket expenses.

Conclusion: The Need for Inclusive, Accessible Policies

India’s mental health insurance landscape is evolving, but slowly. The Marsh McLennan report urges insurers to create better-designed products that cater specifically to mental health needs.

This includes:

  • Expanding OPD coverage to include therapy and counselling sessions

  • Building robust provider networks with mental health professionals

  • Including rehabilitation and de-addiction centres in approved networks

  • Eliminating exclusions related to self-inflicted injuries or substance abuse

Improving awareness and simplifying policy language will also be key to ensuring that more people feel empowered to seek help—and make use of the mental health benefits they’re already entitled to.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nifty Metal Index Crashes to 52-Week Low: 3 Key Reasons Behind the Fall

The trading week began on a turbulent note as the Nifty Metal Index plunged nearly 8% by 12:44 PM on Monday, April 7, 2025. During the session, the index touched a fresh 52-week low of 7,690.20, surpassing its earlier low of 7,935.35 recorded on January 13, 2025. This marks the sharpest single-day fall in the metal index in nearly 3 years.

All 15 constituent stocks of the index were in the red, with 5 stocks—Hindustan Copper, Nalco, Hindalco, Jindal Stainless (JSL), and NMDC—hitting fresh 52-week lows. Tata Steel tanked over 8% by midday.

Reason 1: Trump’s 54% Tariffs on Chinese Imports Rattle Sentiment

One of the primary triggers behind the meltdown in metal stocks was the announcement of 54% tariffs on Chinese goods by former U.S. President Donald Trump. These tariffs directly hit the global metal market, considering China’s dominance in both the production and consumption of metals like steel and aluminium.

This protectionist policy from the U.S. is seen as a move to discourage Chinese imports and support domestic industries. However, it has led to significant pricing distortions globally, impacting demand visibility and investor confidence across emerging markets, including India.

Reason 2: Global Economic Slowdown and Deflationary Pressures

Another major contributor to the slump in metal stocks is the ongoing global economic deceleration. With leading economies struggling with deflationary trends, demand for industrial commodities like metals and oil has seen a notable decline.

Metals, being cyclical in nature, are particularly vulnerable to macroeconomic headwinds. The dip in prices globally reflects concerns over reduced infrastructure spending and manufacturing activity. This broader sentiment has weighed heavily on investor outlook in the Indian metal sector.

Reason 3: China’s Export Strategy Fuels Dumping Fears

In response to the newly imposed tariffs, China has ramped up its focus on exporting steel to regions where pricing remains competitive. As domestic demand weakens and trade tensions escalate, Chinese producers are flooding overseas markets, including Southeast Asia and the Middle East, with cheaper steel.

This excess supply threatens pricing stability in international markets and places additional pressure on Indian metal manufacturers, who already operate on thin margins. The fear of a prolonged price war has further exacerbated selling pressure in Indian metal stocks.

Conclusion

The meltdown in the Nifty Metal Index on April 7, 2025, stems from a confluence of global and geopolitical developments. The imposition of steep tariffs by the U.S., coupled with a weakening global economy and aggressive export policies by China, has created a perfect storm for metal stocks. While these factors are still evolving, their immediate impact has been deeply felt across the sector, prompting heightened caution among investors.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Tata Power Set to Bolster Mumbai’s Power Resilience with 100 MW BESS Installation

Tata Power, one of India’s largest integrated power companies, has announced its plans to install a 100 MW Battery Energy Storage System (BESS) in Mumbai over the next two years. The initiative has received approval from the Maharashtra Electricity Regulatory Commission (MERC) and is part of the company’s broader commitment to driving energy innovation and enhancing grid stability.

As of 1:13 PM on April 7, 2025, the Tata Power share price is down by over 5% due to a broader sell-off in the stock market.

Enhancing Grid Stability and Preventing Blackouts

The BESS will be installed across 10 strategic locations in Mumbai, particularly near key load centres. With advanced ‘black start’ capabilities, the system will ensure a swift recovery of power supply to essential services such as the Metro, hospitals, the airport, and data centres during grid disturbances. This is expected to play a pivotal role in preventing large-scale blackouts in the city.

Read More Dr Reddy Share Price Falls 8% After ₹2,395 Crore Tax Notice. 

Optimising Power Efficiency and Reducing Tariffs

Equipped with a high ramp-rate capability, the BESS will help manage peak loads and store electricity during off-peak, low-cost periods. This stored energy can then be used during high-demand hours, potentially reducing power purchase costs and paving the way for lower electricity tariffs in the future. The system will also defer capital expenditure by minimising the need for costly infrastructure upgrades.

Supporting Green Energy and Ancillary Services

The storage system will not only enhance reliability but also provide ancillary services such as frequency regulation and voltage support. Moreover, it will support solar energy integration by storing surplus daytime power for use during peak demand periods, thereby increasing the share of green energy in the city’s power mix. It will also help Tata Power meet its energy storage obligations.

Advanced Safety and Monitoring Features

Tata Power has incorporated robust safety mechanisms into the BESS, including three-layered temperature monitoring and fire suppression systems at the cell, module, and rack levels. The system will be centrally controlled and monitored from the company’s Power System Control Centre (PSCC), ensuring operational efficiency and safety.

Future-Ready Infrastructure

Plans are underway to integrate the BESS into Tata Power’s Distributed Energy Resource Management System (DERMS), which will further enhance operational efficiency. The system will feature high round-trip efficiency and lower auxiliary consumption, contributing to a longer lifespan and improved performance.

Conclusion: A Step Towards Sustainable Urban Energy

As cities transition to renewable energy, BESS technologies are becoming essential. Their shorter deployment time and cost-effectiveness compared to traditional infrastructure upgrades make them a critical component of modern urban power networks. Tata Power’s initiative reflects its commitment to sustainable development, technological advancement, and reliable service delivery.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

PLI Scheme for Automobile and Auto Component Industry: Status and Progress So Far

The Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry—commonly known as the PLI-Auto Scheme—was introduced by the Indian government to encourage domestic manufacturing, innovation, and self-reliance in the automotive sector.

With a significant outlay of ₹25,938 crore, this scheme is aimed at enhancing India’s competitiveness in the global automotive landscape, especially in emerging segments such as electric vehicles (EVs) and advanced automotive technologies.

The Production Linked Incentive (PLI) Scheme for the Automobile and Auto Components Industry, with a budgetary outlay of ₹25,938 crore, aims to enhance India’s manufacturing capabilities for Advanced Automotive Technology (AAT) products.

The scheme has approved applications from several companies, categorized under “Champion OEM Incentive Scheme” and “Component Champion Incentive Scheme.”

Champion OEM Incentive Scheme

Companies have been approved under this category, including – Ashok Leyland Limited, Tata Motors, Hero MotoCorp Ltd etc.

Component Champion Incentive Scheme

The following applicant has been approved under this category: Bosch Limited.

Objective of the Scheme

The PLI-Auto Scheme is primarily designed to incentivise manufacturers for achieving incremental sales of products that utilise advanced automotive technology. The incentive is calculated based on a determined sales value, which refers to the incremental eligible sales of a particular year compared to the base year—defined as FY 2019–20.

There is no fixed target for incremental sales as of February 2025, which offers companies flexibility while still rewarding performance improvements.

Incentive Disbursement Update (FY 2024–25)

As per the latest update shared by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma, the government has received incentive claims worth ₹322.12 crore from 4 applicants during FY 2024–25. Of these, ₹246.21 crore has already been disbursed to 2 applicants as of February 28, 2025.

This reflects a gradual but tangible uptake of the scheme by eligible manufacturers.

Electric Vehicle Sales Under the Scheme

One of the key areas of focus under the PLI-Auto Scheme has been the promotion of electric vehicles. As of December 31, 2024, the cumulative determined sales of electric vehicles under the scheme stood at a noteworthy ₹14,657 crore. This indicates both rising consumer acceptance and production traction in the EV segment, supported by policy-level interventions such as the PLI-Auto Scheme.

Conclusion

While disbursements and participation are still at a relatively early stage, the data points towards growing engagement by automotive players. As more companies ramp up production and meet the criteria for incremental sales, it is likely that incentive disbursements will increase in the coming financial years.

The PLI-Auto Scheme is expected to play a pivotal role in shaping the future of India’s automotive sector, particularly by promoting cleaner mobility solutions and advanced component manufacturing.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Government of India Steps Up to Combat Deepfakes and Cyber Threats

In the age of artificial intelligence and deepfake technology, ensuring a safe, trusted, and accountable digital space is a pressing concern for nations worldwide. India, with its vast digital footprint, has recognised the risks posed by the misuse of technology and is actively implementing legal and institutional frameworks to counter cyber threats and misinformation.

The IT Act: A Foundation for Cybersecurity

The Information Technology Act, 2000 (IT Act), along with its subsequent rules, lays the groundwork for India’s efforts to regulate cyberspace. This legislation criminalises a range of cyber offences such as identity theft, impersonation, privacy violations, and the dissemination of obscene or exploitative material.

Importantly, the IT Act extends to information created using artificial intelligence or other technologies. This ensures that AI-generated content, including deepfakes, is not exempt from accountability under Indian law.

IT Rules 2021: Strengthening Intermediary Accountability

In a move to adapt to the evolving digital environment, the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 were introduced. These rules place clear responsibilities on digital intermediaries, especially social media platforms, including:

  • Not hosting, storing, or publishing any unlawful content.
  • Acting promptly to remove flagged content as per grievance redressal protocols.
  • Addressing content that spreads misinformation, incites violence, or poses a threat to national integrity.

The rules empower users to file complaints with platform grievance officers. If dissatisfied with the response, users can escalate the issue to the Grievance Appellate Committees (GAC) viawww.gac.gov.in.

Tackling Deepfakes Through Multi-Stakeholder Collaboration

Recognising the growing misuse of deepfake technology, the Ministry of Electronics and Information Technology (MeitY) has been proactively engaging with stakeholders and digital platforms. These consultations have led to the issuance of advisories reminding intermediaries of their obligations to counter synthetic and manipulated media.

Such advisories serve to reinforce the compliance expectations outlined in the IT Rules, especially regarding malicious and misleading content created using AI.

CERT-In: Frontline Defence Against Cyber Threats

The Indian Computer Emergency Response Team (CERT-In) plays a central role in India’s cyber protection strategy. It issues frequent alerts on:

  • Emerging cyber threats, including AI-driven attacks.
  • Safety measures to counter deepfakes and adversarial AI tools.
  • Phishing, vishing, and social engineering campaigns.

In November 2024, CERT-In released a specific advisory on deepfake threats, offering guidance on prevention and mitigation. Additionally, in May 2023, it published a comprehensive advisory on minimising AI-based risks.

Awareness and Public Engagement

CERT-In has also ramped up public outreach with initiatives such as:

  • Cyber Swachhta Kendra – Offers tools to detect and remove malware.
  • Cyber Security Awareness Month (NCSAM) – Organised annually in October with activities like webinars and quizzes.
  • Swachhta Pakhwada and Cyber Jagrookta Diwas – Recurring awareness drives targeting both the public and technical communities.

These efforts aim to build a vigilant digital society where citizens are empowered to identify and report cyber threats.

Coordinated Policing via I4C and Citizen Portals

The Ministry of Home Affairs (MHA) has established the Indian Cyber Crime Coordination Centre (I4C) to streamline enforcement efforts across states and law enforcement agencies.

Citizens can report cybercrimes, including financial fraud and deepfake-related offences, through the National Cyber Crime Reporting Portal (https://cybercrime.gov.in). Additionally, the toll-free number 1930 provides real-time assistance for reporting online frauds.

Conclusion

India’s response to the growing menace of deepfakes and digital misinformation is multifaceted—spanning regulation, collaboration, public awareness, and enforcement. As technology evolves, so too does the government’s approach, ensuring that cyberspace remains secure, trustworthy, and inclusive for all users.

The initiatives reflect a broader commitment to safeguarding digital rights while holding intermediaries accountable—a crucial balance in the digital age.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

What Is a UPI Credit Card and Why Is PM Modi Pushing for Its Integration with BIMSTEC Payments?

A UPI credit card is an innovation in digital payments that allows users to link their credit cards to a Unified Payments Interface (UPI) application. Traditionally, UPI was used to transfer funds directly from one bank account to another, but this new functionality allows transactions to be charged to a user’s credit card instead of their bank account.

This means users can make purchases without carrying a physical credit card—payments can be processed instantly through a mobile device, offering both convenience and enhanced security.

Key Features of UPI Credit Cards

  • No Need for Physical Cards: Users can leave their wallets at home and pay using their smartphones.
  • UPI-Linked Payments: Once a credit card is linked to a UPI app, users can make payments as easily as they would with a bank account.
  • Credit-Based Transactions: The payment amount is billed to the credit card, not deducted from a bank balance.
  • Secure Payments: Transactions are PIN-protected and do not require the physical handling of the card.

Benefits of Using UPI Credit Cards

  • Ease of Use: No need to manually enter card details for every transaction.
  • Deferred Payments: Purchases are made within the credit card limit, allowing users to pay the bill later.
  • Rewards and Cashback: Many banks offer reward points or cashback on UPI credit card transactions, although terms vary by provider.
  • Wide Acceptability: UPI payments are accepted at a vast network of merchants, including offline and online platforms.
  • Instant Payments: Payments are processed in real-time, ensuring a smooth and fast experience.

How to Link Your Credit Card with a UPI App

Setting up a UPI credit card is simple and typically takes only a few minutes:

  1. Open your preferred UPI app.
  2. Select the option to ‘Link Credit Card’.
  3. Choose your issuing bank from the list.
  4. Select your card type (e.g., Visa, RuPay).
  5. Generate a UPI PIN to authorise transactions.

Popular Indian banks such HDFC Bank, ICICI Bank and others already support UPI credit card linking.

Why PM Modi Proposed Linking UPI with BIMSTEC Payment Systems

During a recent summit, Prime Minister Narendra Modi proposed integrating India’s UPI system with the payment networks of BIMSTEC member countries—namely Bhutan, Bangladesh, Myanmar, Thailand, Nepal, and Sri Lanka.

The rationale behind this proposal includes:

  • Promoting Regional Trade: Linking payment systems could reduce friction in cross-border transactions.
  • Boosting Tourism: Tourists from these nations could use their home country payment systems seamlessly while travelling within BIMSTEC countries.
  • Fostering Financial Inclusion: A common digital payment infrastructure can bridge economic gaps across member nations.
  • Showcasing India’s Digital Innovation: India is already a global leader in real-time transactions and is now seeking to expand its influence in the global digital economy.

Conclusion

India has emerged as one of the leading nations in real-time digital transactions, thanks to innovations like UPI. The government has actively promoted digital payment adoption through:

  • UPI integration with multiple banks and apps
  • Incentive schemes for users and merchants
  • International tie-ups and proposals, such as with Singapore’s PayNow and the BIMSTEC initiative

This push is part of India’s broader mission to become a global leader in digital payment infrastructure and to ensure inclusive financial access for all.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Trump’s Trade Tussle Triggers Turmoil: A Closer Look at the Market Meltdown

In a candid statement addressing the recent sell-off in the US stock markets, President Donald Trump remarked that while he does not want asset prices to decline, “sometimes you have to take medicine.” This comment came amid heightened fears of a deepening trade war between the United States and China.

The US stock markets have experienced a significant downturn, with over $5 trillion wiped off in market capitalisation across 2 trading sessions. Futures for the Dow Jones Industrial Average plunged by about 1,200 points on Monday afternoon, signalling a rough start to the trading week.

The Trade War Escalation with China

President Trump reaffirmed his aggressive stance on trade, particularly targeting China. “We have a trillion-dollar trade deficit, hundreds of billions of dollars a year we lose with China. And unless we solve that problem, I am not going to make a deal,” he said.

China, in retaliation, imposed 34% tariffs on US imports, effective April 10. This countermeasure follows the reciprocal tariffs introduced by the US just a week earlier. Trump responded via a post on Truth Social, stating, “China played it wrong,” underlining his firm approach toward achieving what he believes to be a fairer trade relationship.

Read More How JioHotstar Achieved 100 Million Subscribers in India and What’s Next. 

White House Stance: Market Fall Not a Strategy

Despite the mounting losses in the equity markets, officials within the Trump administration maintained their support for the President’s trade policies. Kevin Hassett, Director of the White House National Economic Council, clarified that the market correction is not part of a deliberate strategy to pressure foreign nations. Rather, the administration views it as collateral damage in the pursuit of long-term economic rebalancing.

Ripple Effects on Global Markets

The American stock market turbulence has sent shockwaves across global financial markets, including India. As a key participant in the interconnected global economy, the Indian markets tend to mirror sentiments seen in major economies like the United States.

Following the US market rout, Indian benchmark indices such as the BSE Sensex and NSE Nifty were trading significantly lower by nearly 4% as of 2:21 PM, reflecting investor apprehensions.

Sector-Wise Impact in Indian Markets

All the sectoral indices were trading in red, led by Nifty Metal which is down by nearly 8% due to global growth concerns and risk-off sentiment. Nifty Realty and Nifty Media are down by 5.8% and 4.6%, respectively. Volatility, as measured by the India VIX index, spiked sharply by a staggering 61% above the level of 22, suggesting heightened fear and uncertainty among market participants.

Investor Sentiment 

While policymakers in both countries continue to navigate complex negotiations, investors are left in limbo, awaiting clarity. The near-term trajectory of global equities, including Indian indices, is likely to be dictated by geopolitical developments, trade policy signals, and central bank responses.

In the Indian market, investors are expected to remain cautious, with short-term movements highly sensitive to global cues and institutional fund flows.

Conclusion

President Trump’s remarks and the escalating trade tensions with China have sparked a global market sell-off, leading to a pronounced correction in equities worldwide. The Indian stock market, deeply entwined with global trends, has not been immune to the shock. As uncertainty looms large, market participants are closely watching developments for signals of stability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.