Axis Bank, Kotak Mahindra Bank, and Union Bank of India have collectively raised over $1.85 billion through offshore bond transactions on Monday and Tuesday. Axis Bank announced it will redeem its $600…
Cholamandalam Investment and Finance Co., one of India's largest shadow lenders, plans to raise up to Rs 2,000 crore through a perpetual bond sale, according to people familiar with the matter. The…
India's gold derivatives market has crossed an average daily turnover of Rs 2.2 lakh crore, with physical gold deliveries through exchanges reaching about 175 tonnes since 2003, according to a report titled…
Outward remittances by resident Indians under the Liberalised Remittance Scheme (LRS) rose 19.9% year-on-year to $2.55 billion in June 2026, the highest monthly level in the first quarter of 2026-27, according to…
Taking a joint home loan does not automatically give the surviving borrower full ownership of the property if the co-borrower dies, according to Amitraj Kaushal, Advocate, Supreme Court of India. Livemint reports…
India's Unified Payments Interface (UPI) is completing 10 years of operation, but data shows a persistent gender disparity in its adoption. According to an analysis by the National Payments Corporation of India…
Household spending on groceries fell 8% in 2026 from 2025, while rent rose 21%, according to The Great Indian Wallet 4.0 2026 study by Home Credit India. Groceries remain the biggest monthly…
Tamil Nadu's decision to set up a high-level Revenue Augmentation Committee, chaired by Montek Singh Ahluwalia, could lead to a fundamental shift in how Indian states define and manage revenue. The panel…
A new study by Home Credit India, The Great Indian Wallet 4.0 2026, reveals a significant shift among India's lower-middle-class consumers towards offline transactions for certain everyday payments. The share of respondents…
Public sector banks are more efficient than private and foreign banks, a working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) has found. The paper, authored by EAC-PM part-time…
