Routematic, a company that provides transport services for corporate workers, has raised US$40 million in Series C funding. The money came from two sustainability-focused investors—Fullerton Carbon Action Fund and Shift4Good. Routematic Moving From Testing to Expansion After working on its technology for 12 years, Routematic is now ready to grow. The company is gradually shifting …
The Reserve Bank of India (RBI) is set to make a significant surplus transfer to the Indian government for the fiscal year 2025 (FY25), which could reach as high as ₹3 lakh crore, as per Economic Times report citing reports by economists. This figure exceeds initial projections and could be 50% higher than the ₹2.1 …
In a significant stride towards greater transparency and inclusivity, the Reserve Bank of India (RBI) has introduced a consultative framework for framing regulations. Announced on Tuesday, this move reflects the central bank’s intent to enhance stakeholder engagement, align with global best practices, and ensure that its regulatory policies remain relevant and efficient in a rapidly …
India and the United Kingdom have successfully closed negotiations on a landmark Free Trade Agreement (FTA), marking a pivotal moment in their expanding economic relationship. This is the first comprehensive trade pact between the two nations and is poised to significantly boost bilateral trade, with a shared goal of doubling trade volumes to $120 billion …
According to the latest World Economic Outlook released by the International Monetary Fund (IMF), India is poised to become the world’s 4th-largest economy in 2025, overtaking Japan. The report projects India’s nominal GDP will climb to $4.19 trillion next year, narrowly surpassing Japan’s estimated $4.18 trillion. The IMF highlights India as the fastest-growing major economy, with growth …
As per CNBC-TV18 reports, tax authorities are increasing efforts to ensure that global digital service providers pay their fair share of taxes. It suggests that several foreign companies offering services to Indian users continue to avoid registering under India’s Goods and Services Tax (GST) laws, even after changes in rules last year. Tightening the Net …
India’s electric vehicle (EV) journey is accelerating rapidly, and if the current momentum is sustained, the country could see up to 123 million EVs on its roads by 2032, according to a joint report by the India Energy Storage Alliance (IESA) and Customised Energy Solutions (CES). This growth supports India’s larger climate objectives and could …
India’s banking sector is facing a major jolt following the Supreme Court’s recent decision to strike down JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL). The apex court’s verdict, delivered on May 2, 2025, has ordered the liquidation of BPSL, disrupting the recovery hopes of Indian banks that collectively hold over …
Over the years, the Central Pay Commissions (CPCs) have dramatically revised salary structures for central government employees and pensioners. Between the 5th and 7th CPC, the minimum basic salary surged from ₹2,750 to ₹18,000, a staggering 554% increase, as per news reports. This growth occurred across three pay commissions: 5th CPC (1996): Minimum basic salary …
The Reserve Bank of India (RBI) has fined 5 major Indian banks a total of ₹2.5 crore for failing to follow its regulatory rules. The action was taken after the central bank found problems in areas like cybersecurity, KYC (Know Your Customer) procedures, and customer service. The affected banks are ICICI Bank, Axis Bank, Bank …
