On Tuesday, April 22, 2025, Indian benchmark indices continued their positive momentum, supported by the Reserve Bank of India’s (RBI) liquidity-boosting measures. Despite weak global cues due to US President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, Indian markets closed higher. The BSE Sensex rose by 187.09 points (0.24%) to close at 79,595.59, …
In 2016, the e-commerce giant Flipkart acquired PhonePe, marking a significant shift in the fintech space. According to the latest data from the National Payment Corporation of India (NPCI), PhonePe has emerged as the leading UPI (Unified Payments Interface) app, both in terms of transaction volume and value. In December 2024 alone, PhonePe processed over …
The Liquidity Coverage Ratio (LCR) is a key regulatory standard aimed at ensuring that banks maintain a sufficient buffer of high-quality liquid assets (HQLA) to meet short-term liquidity needs during financial stress. It is a global benchmark introduced post-2008 financial crisis under Basel III norms, and is widely adopted to safeguard banking stability. RBI’s Latest …
The Unified Pension Scheme (UPS) was launched on April 1, 2025, as an alternative to the existing market-linked National Pension System (NPS). Aimed primarily at central government employees, the scheme guarantees a defined pension amount post-retirement. However, despite the promise of stability, the initial response has been tepid. A Modest Start Triggers Government Concern Within …
As of January 2025, a joint report by CAMS and the Confederation of Indian Industry (CII) reveals that nearly half of the mutual fund investors in B30 (beyond top 30) cities—47% or 98 lakh out of 2.08 crore—are invested in just 1 scheme. This suggests a concentrated approach or possibly a nascent stage of financial …
In a move to strengthen and diversify its global semiconductor supply chain, Tesla is currently in discussions with leading memory chipmakers, including US-based Micron and Mumbai-headquartered CG Semi, a Murugappa Group company. These talks align with Tesla’s broader strategy of mitigating supply chain risks amidst shifting geopolitical dynamics. Tesla Engages with Micron, CG Semi, and …
The Employees’ Pension Scheme (EPS), also referred to as EPS-95, was launched in 1995 with the aim of providing a steady post-retirement income to employees in the organised sector. Administered by the Employees’ Provident Fund Organisation (EPFO), the scheme offers pension benefits to employees who contribute to it for a minimum of 10 years. In …
Mirae Asset Investment Managers (India) Pvt. Ltd., through its International Financial Services Centre (IFSC) branch at GIFT City, has introduced a new global investment avenue—the Mirae Asset Global Allocation Fund IFSC. This newly launched Category III Alternative Investment Fund (AIF) aims to tap into international growth sectors, particularly artificial intelligence (AI) and semiconductors, through a …
In a significant move aimed at strengthening the financial reporting framework in India, the Institute of Chartered Accountants of India (ICAI) has proposed a new accounting standard, Ind AS 118. According to ICAI President Charanjot Singh Nanda, this standard is expected to improve the quality and clarity of financial disclosures without altering how companies measure …
In a strategic move to widen the reach and impact of health insurance in India, the Insurance Regulatory and Development Authority of India (IRDAI) has launched a shared hospital network and an expedited cashless claims mechanism. This initiative aims to improve affordability and transparency while reducing financial burdens on policyholders. Uniform Treatment Rates Based on …
