Quick commerce platforms such as Zomato’s Blinkit, Swiggy’s Instamart, and Zepto have reported sharp increases in their gross order value (GOV). Zepto’s annualised GOV reached $3 billion (₹24,500 crore) in January 2025, tripling within 8 months. In April 2024, Zepto’s annualised GOV stood at $1 billion, according to reports. Zomato share price stands at ₹252.85, …
The 111th meeting of the Executive Committee (EC) of the Central Board of Trustees, Employees’ Provident Fund (EPF), was held on January 18, 2025 at the EPFO Head Office, New Delhi. Chaired by Ms Sumita Dawra, Secretary of the Ministry of Labour and Employment, the meeting witnessed the participation of senior officials from the ministry, …
On January 17, 2025, the Sensex ended its 3-day winning streak, closing 403.24 points (0.52%) lower at 76,639.58. During the day, the index moved between a high of 77,069.19 and a low of 76,263.29. The NSE Nifty50 also ended in the red, dropping 108.60 points (0.47%) to close at 23,203.20. The index hit a high …
On Thursday, January 16, the Reserve Bank of India (RBI) announced that it is currently reviewing Tata Sons’ request for de-registration as a non-banking financial company (NBFC). This review does not impact its classification in the upper layer of NBFCs. The RBI’s statement indicates that Tata Sons could still have an opportunity to avoid the …
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI) is encouraging fund houses to promote monthly investments as low as ₹250 (approximately $3) in order to broaden the reach of equity investing in the world’s most populous country. The Securities and Exchange Board of India (SEBI) is planning to simplify customer identification …
On January 16, 2025, SEBI organised India’s Securities Market Tech Stack in Mumbai, which showcased India’s tech journey in the Securities Market. The release by SEBI stated that India’s Securities Market has significantly grown and matured over the years, evolving in terms of people, processes, and products. SEBI has played a crucial role in enhancing …
India’s benchmark equity indices, NSE Nifty 50 and BSE Sensex closed Thursday’s trading session on a positive note. The NSE Nifty 50 gained 34.60 points (0.14%) to settle at 25,052.35, while the BSE Sensex rose 73.80 points (0.09%) to close at 81,785.56. Sectoral Index on Nifty 50 Expiry Day Broader market indices also ended the …
A massive financial scandal has emerged in Mumbai, surrounding the Torres Jewellery chain. The company has been accused of defrauding nearly 4,000 investors, with the fraud now believed to potentially exceed hundreds of crores of rupees. Investigations are ongoing, with the Economic Offence Wing of Mumbai Police handling the case. The Promises and Deception Behind …
NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI), has partnered with UAE-based fintech firm Magnati to enable Unified Payments Interface (UPI) transactions for Indian tourists. This collaboration aims to streamline QR-based UPI merchant payments across the UAE, marking a significant advancement in cross-border digital payment systems. UPI …
On January 16, 2025, India celebrates 9-year of Startup India, a transformative initiative launched in 2016 to foster entrepreneurship and innovation. Designated as National Startup Day, this milestone highlights India’s remarkable journey towards becoming the world’s third-largest startup ecosystem. Growth of the Startup Ecosystem As of January 15, 2025, India proudly hosts over 1.59 lakh …
