Page 52 - Finance News
DPDzero raises $7 mn Series A to scale AI-powered debt collections
Debt collections platform DPDzero secures $7 mn Series A funding led by GMO Venture Partners, SMBC Asia Rising Fund, and Blume Ventures to expand AI and field collection network
 "DPDzero raises $7 mn Series A to scale AI-powered debt collections")
Indian economy contributing more to global growth than US: RBI Guv Malhotra
RBI Governor Sanjay Malhotra says India contributes 18% to global GDP versus US share of under 11%, retains FY26 growth forecast at 6.5% despite Trump's 'dead economy' remark
 "Indian economy contributing more to global growth than US: RBI Guv Malhotra")
RBI MPC highlights: Difficult to predict what impact tariffs will have, says RBI governor
RBI MPC Meeting August 2025 highlights: Stay tuned here for live updates
 "RBI MPC highlights: Difficult to predict what impact tariffs will have, says RBI governor")
Nuclear power-focused Core Energy Systems raises ₹200 crore funding
The funding will also reinforce efforts supporting India's Small Modular Reactor (SMR) and Bharat Modular Reactor (BMR) programmes, a statement said
 "Nuclear power-focused Core Energy Systems raises ₹200 crore funding")
Not saying users will have to pay for UPI but someone has to bear: RBI Guv
The RBI governor said that the government policies have helped boost the use of UPI among consumers. Malhotra added that UPI transactions have been increasing in the past few months
 "Not saying users will have to pay for UPI but someone has to bear: RBI Guv")
RBI announces 3 consumer-centric schemes to drive financial inclusion
Banks will be setting up camps at the Panchayat-level from July 1 to September 30, to provide re-KYC services at consumers' doorsteps
 "RBI announces 3 consumer-centric schemes to drive financial inclusion")
RBI policy: MPC maintains repo rate at 5.5%, keeps stance 'neutral'
RBI MPC August meet: The monetary policy committee eased inflation projections for FY26 to 3.1%, down from 3.7%; GDP forecast remains unchanged
 "RBI policy: MPC maintains repo rate at 5.5%, keeps stance 'neutral'")
RBI MPC meet: What stayed the same, what changed in August policy review
RBI's Monetary Policy Committee meeting today kept interest rates unchanged, lowered FY26 inflation forecast to 3.1 per cent, and CRR cut to begin in September 2025
 "RBI MPC meet: What stayed the same, what changed in August policy review")
RBI MPC meet: Key highlights from Governor Sanjay Malhotra's speech
RBI Governor Sanjay Malhotra said a favourable monsoon, along with the supportive policy of the government and the central bank, augurs well for the economy
 "RBI MPC meet: Key highlights from Governor Sanjay Malhotra's speech")
RBI holds repo rate, says uncertainty of US tariffs 'still evolving'
Policy-setting committee continues with neutral stance as governor says Indian economy holds bright prospects
 "RBI holds repo rate, says uncertainty of US tariffs 'still evolving'")
RBI removes prior approval requirement for opening vostro accounts
RBI allows authorised dealer banks to open Special Rupee Vostro Accounts for foreign banks without prior approval, easing rules to boost rupee-based trade
 "RBI removes prior approval requirement for opening vostro accounts")
Cleanup, derisking key challenges before new IndusInd MD & CEO Rajiv Anand
Consolidation of balance sheet likely to top Rajiv Anand's agenda at the bank
 "Cleanup, derisking key challenges before new IndusInd MD & CEO Rajiv Anand")
Paytm waits on mkt cap rule to ramp up UPI: MD & CEO Vijay Shekhar Sharma
Paytm CEO says the firm will deepen its UPI push once market share caps are imposed in 2026; aims to grow merchant services, go AI-first, and expand globally
 "Paytm waits on mkt cap rule to ramp up UPI: MD & CEO Vijay Shekhar Sharma")
Wine, music and jets draw scrutiny of asset-backed private credit managers
Investors are becoming more discerning after a period of rapid growth in the sector, fueled by demand from insurance companies for investment-grade rated strategies
 "Wine, music and jets draw scrutiny of asset-backed private credit managers")
Big NBFCs raise billions as credit boom brews, RBI watches with interest
Flush with parent backing and top credit ratings, India's largest NBFCs are raising record sums without chasing bank licences, as they prepare for a fresh wave of private sector credit demand
 "Big NBFCs raise billions as credit boom brews, RBI watches with interest")
GameRamp raises $5.4 mn pre-seed round to scale AI and launch tools
San Francisco-based GameRamp raises $5.4 million to expand AI and engineering teams in India and the US, and launch AI monetisation and embedded financing tools
Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS
Of the total indirect tax arrears, over ₹2.66 trillion pertain to those where pending taxes in individual cases is above ₹10 crore as of June 2025
 "Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS")
RBI MPC meet: Rate cut unlikely in August; growth, inflation rate in focus
RBI MPC: The odds of another cut in the August meeting are rising after the US imposed a 25 per cent tariff on Indian exports
 "RBI MPC meet: Rate cut unlikely in August; growth, inflation rate in focus")
RBI MPC Meet August 2025: When and where to watch the rate decision live
The MPC meeting is held bi-monthly to decide the interest rates, inflation, and growth estimates
 "RBI MPC Meet August 2025: When and where to watch the rate decision live")
Bank credit raised by India Inc drops to 22% in Q1FY26, shows data
Corporates increasingly turn to debt capital markets as bank credit share in fundraising hits multi-year low, signalling shift in funding dynamics
 "Bank credit raised by India Inc drops to 22% in Q1FY26, shows data")