Page 54 - Finance News

Global market turbulence may keep fintech fundraising under pressure

Fintechs raised $889 million in H1 2025, down 26 per cent from H2 2024 and 33 per cent from H1 2024, as valuations cool, regulations tighten, and investors adopt a wait-and-watch approach

Input tax credit removal blunts impact of GST waiver on insurance

While the GST exemption on health and life insurance premiums will lower costs for consumers, insurers will absorb some impact due to the removal of input tax credit (ITC)

RBI panel on financial stability reviews macroeconomic developments

It also reviewed the functioning of State-Level Coordination Committees (SLCCs) in states and Union Territories and activities of various technical groups

IndusInd Bank refutes ex-CFO Gobind Jain's allegations against chairman

IndusInd Bank has rejected allegations made by its former CFO, Gobind Jain, against Chairman Sunil Mehta, calling the claims meritless and part of an attempt to deflect accountability

Why India's GST began with so many slabs and why it's being simplified now

The GST Council has cut slabs from five to two, aiming to reduce compliance costs, simplify taxation, and align India's indirect tax regime with global practice

Amazon completes Axio acquisition, secures direct lending license in India

The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon's vice president for payments for emerging markets. The deal has been in the works since December

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said

Global long-dated bond selloff continues as gold prices hit record high

The 30-year Japanese government bond (JGB) yield hit an unprecedented 3.255% on Wednesday morning, following a run-up in similarly dated UK gilts and U.S. Treasuries on Tuesday

GST Council begins talks on two-rate structure, duty inversion fix

The Council, over the next two days, will discuss reducing the number of slabs in GST to just two -- 5 per cent and 18 per cent -- and removing the 12 per cent and 28 per cent slabs

Oppn-ruled states meet ahead of GST Council, seek revenue loss compensation

The 56th GST Council, chaired by FM Nirmala Sitharaman, will discuss the Centre's plan to simplify GST by merging 12% and 28% slabs into two rates of 5% and 18% over the next two days

Indian shadow banks' IPO boom falters amid mounting credit stress

TPG Inc.-backed SK Finance Ltd. and Belstar Microfinance Ltd. are the latest firms to shelve plans for initial public offerings

SBI raises $500 mn at record-tight spreads after S&P's India rating upgrade

The final pricing guidance for SBI's five-year dollar bond was set at 75 basis points above the five-year US Treasury yield, translating into a coupon rate of 4.50 per cent

IndiaBonds, Upstox join hands to offer bond investments to retail investors

Bonds are a fixed-income investment instrument offering regular, passive returns to investors looking for stability and steady growth in their portfolios

India's consumption loans rise 14.5% in Q1FY26, led by gold loans

India's consumption loans grew 14.5% YoY in Q1FY26 to Rs 105.6 trillion, driven by gold loans, while personal loan growth slowed and credit card originations dropped sharply

CCI approves SMBC's 20% stake purchase in Yes Bank for $1.6 billion

SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector

NCDEX raises $88 million from brokers ahead of equity foray, says CEO

The exchange, which dominates agricultural commodity trading in India, received in-principle approval from the markets regulator in July to launch equity and equity derivatives trading

Next gen GST reforms will set economy open and transparent: Sitharaman

Sitharaman urged banks to boost credit, support infrastructure, fund MSMEs, bring the unbanked into formal banking, and meet diverse financial needs for Viksit Bharat 2047

PhonePe, DSP Finance launch loans against mutual funds up to Rs 2 crore

PhonePe has introduced a loans against mutual funds product with DSP Finance, offering secured credit lines up to Rs 2 crore with flexible repayment and portfolio continuity

Limited room to buy bonds issued by states: India's biggest banks to RBI

Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year

Account Aggregator ecosystem driving credit access, says Finance ministry

As on date, 112 Financial Institutions have gone live both as Financial Information Providers (FIP) and Financial Information Users (FIU), while 56 have gone live solely as FIP and 410 as FIU