India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
India's Unified Payments Interface (UPI), once a bold experiment in digital public infrastructure (DPI), is now emerging as a global payments powerhouse. In a landmark move, Prime Minister Narendra Modi launched UPI in Trinidad and Tobago, signaling India's growing ambition to expand its fintech footprint across the Global South and beyond. This marks a defining moment in UPI's international journey, as it accelerates toward becoming a competitor to traditional global payment giants. With transaction volumes now rivaling -- even surpassing -- those of global card issuer Visa (NASDAQ: V) on certain days, UPI is not just transforming payments at home but also redefining how the world sees India's digital capabilities. Modi's recent visit to Trinidad and Tobago -- the first by an Indian premier to the Caribbean nation in 26 years -- underscores the urgency with which India is expanding its digital influence globally. Invited by Trinidad and Tobago's prime minister, Kamla Persad-Bissessar, Modi's visit catalyzed a bold new chapter in bilateral relations. The two leaders issued a joint statement highlighting a shared commitment to accelerating digital cooperation. In a significant first, Trinidad and Tobago became the inaugural Caribbean nation to adopt UPI, India's pioneering digital payments platform. "We welcome your decision to adopt the UPI digital payment system. It is a major step forward," Modi said in his speech at the Parliament of Trinidad and Tobago. "Powered by the platform, India has become the nation with the highest number of realtime digital payments in the world," Modi informed. In India, digital payments have become so widespread that even street-side mango vendors prominently display QR codes for transactions, Modi said. He added that if anyone attempts to pay with cash, vendors often advise to use UPI instead, citing lack of cash for change as the reason. India's UPI, a real-time payment system that supports peer-to-peer and merchant transactions, has seen explosive growth in recent years. The Reserve Bank of India (RBI), in its latest annual report, stated that during the financial year 2024-25, total digital payments recorded growth of 34.8% and 17.9% in volume and value terms, respectively. "Moreover, the success of UPI placed India in a leadership position with a share of 48.5% in global real-time payments by volume," RBI said in its report. By June 2025, UPI had facilitated 18.39 billion transactions, amounting to a total value of ₹24.04 lakh crore (approximately $288.5 billion). This surge firmly cemented its role as the dominant platform for digital payments across India. "We are also keen to collaborate on other digital innovations as India develops (artificial intelligence) tools to foster growth and development in the Global South. Trinidad & Tobago will be a priority nation for us," Modi said in his speech. For Trinidad and Tobago, India has pledged technical support to overhaul the country's state land registration systems, according to the joint statement. Both leaders emphasized that advanced DPI is critical for inclusive development, national innovation, and global competitiveness. During Modi's visit, both countries also agreed to rapidly explore deeper integration of India Stack solutions, including DigiLocker, e-Sign, and the Government e-Marketplace (GeM). India Stack is a collection of open application programming interfaces (APIs) and digital public tools that create a shared digital infrastructure. It allows services to be delivered without paper, in-person visits, or cash, making transactions and access to services faster, easier, and more inclusive. Originally developed and launched in India, India Stack has enabled billions of people and businesses to access digital services, boosting financial and social inclusion. Although it carries India's name, the model is not limited to India alone. Its framework can be adopted by any country looking to build a digital-first ecosystem. UPI set to surpass Visa in daily transactions UPI's global expansion is accelerating at an unprecedented pace. UPI, which is an interoperable, real-time payments infrastructure, is rapidly approaching global card payment network, Visa, in daily transaction volumes. On June 1 and 2, UPI processed 644 and 650 million transactions, respectively, exceeding Visa's FY24 daily average of 640 million. With a sharp rise from May's daily average of 602 million to 648 million in early June, experts believe UPI is on track to overtake Visa permanently. India's dominance in global real-time payment volumes -- driven by UPI's 48.5% share -- highlights the country's prominent role in the evolution of digital finance. This rapid growth in digital payment adoption signals a pivotal shift in India's financial landscape, expanding access to credit, transforming payment methods, and fast-tracking financial inclusion within the country and internationally. "UPI isn't just catching up -- it's redefining the game. Unlike Visa, which is optimized for credit-led economies, UPI thrives in high-frequency, low-cost, peer-to-peer interactions. India's digital rails are built for scale, and as smartphone penetration deepens, UPI crossing Visa isn't a spike -- it's a shift," Rohan Sharan, founder of Timechain Labs, told CoinGeek. India's Timechain Labs has been educating developers and channeling talent into the BSV blockchain ecosystem. UPI expands with IDFC First Bank, Slice innovations In a major leap toward financial inclusion for the global Indian diaspora, private sector lender IDFC First Bank has reportedly announced that non-resident Indians (NRIs) can use UPI with international mobile numbers -- no Indian SIM card required. Specific account holders in 12 countries, including the United States, the United Kingdom, Australia, and the United Arab Emirates can link their accounts to UPI apps like Google Pay (NASDAQ: GOOGL), enabling free UPI transactions within India. This move marks a critical leap in making India's digital payments ecosystem borderless. The initiative aims to make managing finances easier for NRIs, allowing them to handle transactions linked to their Indian bank accounts with greater ease. It enables quick money transfers, bill payments, and peer-to-peer transactions through UPI IDs or QR codes, all without any transaction charges. Additionally, since payments are processed in Indian Rupees, users avoid foreign exchange fees, making the platform a safe, efficient, and cost-effective solution for domestic digital payments. In a parallel development, fintech company, Slice, is racing ahead with a bold dual launch: a UPI-powered credit card and a first-of-its-kind physical bank branch in Bengaluru city in southern India. The Slice UPI credit card, free of joining or annual fees, allows users to access credit by simply scanning UPI QR codes. It reportedly offers up to 3% cashback on all spends and a "Slice in 3" feature for interest-free instalments. Meanwhile, its newly opened digital bank branch is fully integrated with UPI -- from self-service kiosks and ATMs that handle deposits and withdrawals to full-service banking and account opening. Slice is working to fundamentally redesign the banking experience by prioritizing technology, ease of use, and customer trust, with the goal of making financial services more accessible to every Indian. With credit on UPI poised to drive the next wave of financial inclusion and credit accessibility, Slice believes the most effective approach is to align the broader banking ecosystem around this innovation. As for its UPI-powered ATM, Slice anticipates that it will significantly lower the costs associated with deposits and withdrawals, helping make essential banking services financially sustainable and accessible for billions across the country. What's next for UPI in 2025? Launched in 2016, the UPI has revolutionized India's digital payments landscape. Built to enable instant, interoperable, and hassle-free transactions, UPI has quickly grown into a model of excellence in digital public infrastructure, earning global recognition for its impact and scalability. "The next frontier is programmable money. With CBDC pilots underway and offline UPI rolling out, we're moving toward smart payments -- where rules can be embedded into transactions," Sharan of Timechain Labs, told CoinGeek. "Expect more cross-border corridors, tighter integration with digital identity, and innovations around consent-based credit. UPI isn't just a payment tool anymore; it's becoming a platform economy in itself," Sharan added. In 2025, the UPI is set to evolve with the National Payments Corporation of India (NPCI) working on a new version that enables payments through a wide range of smart devices, not just smartphones. NPCI is reportedly developing an Internet of Things (IoT)-compatible UPI system that would support automatic payments from smart appliances, wearables, connected vehicles, and other internet-enabled devices. This means everyday items like smartwatches, cars, refrigerators, and washing machines could independently initiate UPI payments. For instance, a connected car might handle parking payments automatically, or a smart TV could renew subscriptions without user intervention and without manually opening a UPI app. The upgraded system will use a dedicated virtual payment address linked to a user's main UPI ID, enabling seamless transactions directly from devices. This will be made possible through delegated payment capabilities under a framework called UPI Circle. NPCI aims to unveil this IoT-ready UPI solution at the 2025 Global Fintech Fest in October this year, pending regulatory approval. "I see a UPI credit line rollout, as RBI and NPCI are actively expanding UPI on credit lines, thereby allowing users to link pre-approved credit limits from banks to UPI apps. This will also unlock instant small-ticket digital credit, especially for MSMEs, gig workers, and rural consumers," Kapoor of IBA told CoinGeek. "Linkages with international payment systems in UAE, Singapore, Mauritius, Nepal, Sri Lanka, France, and more will be the norm as we can expect UPI QR code acceptance at merchant locations overseas and cross-border P2P remittances, with a major focus on Gulf, Southeast Asia, and SAARC corridor remittances," Kapoor said. In 2025, offline UPI services like 123PAY for feature phones and NFC-based UPI Lite are expected to be rolled out, helping people in areas with poor Internet access. This move is expected to boost financial inclusion in rural and remote parts of India. UPI Lite X is an upgrade of UPI Lite that uses NFC (Near Field Communication) technology to allow offline payments. Users can send or receive money without internet by just tapping their NFC-enabled phones together. "I also see integration with CBDC, India's digital rupee, as pilots are underway, and interoperability between UPI and CBDC wallets is expected by end-2025," Kapoor added. Watch: What's going on with blockchain technology in India?
nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >
New Delhi, Nov 26: A day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. 1. What is PAN 2.0? PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this pr ...Read More >
Air India launched a Black Friday Sale with discounts up to 20% on domestic flights and up to 12% on international flights to various destinations. The sale is available through the airline's website and mobile apps. Additional savings are possible with waived convenience fees and specific payment methods. The airline continues offering student and senior citizen discounts.Air India on Friday launched a limited-time Black Friday Sale offering discounts of up to 20 per cent off base fares for domestic flights within India. The Tata-owned airlines will also offer up to 12 per cent off base fares ...Read More >
Air India is also offering additional discounts through various payment offers, so you can enjoy even more savings. Air India has launched its limited-time Black Friday Sale, offering up to 20 percent off base fares for domestic flights and up to 12 percent off on international flights to destinations like the United States, Europe (including the UK), Australia, Southeast Asia, and South Asia. The sale is available exclusively on Air India's official website and mobile apps for iOS and Android. The sale runs from 00:01 IST on 29 November 2024 to 23:59 IST on 2 December 2024. The travel peri ...Read More >
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-r ...Read More >
Oppo recently announced its latest flagship smartphones, the Find X8 and Find X8 Pro, in India. Starting today, both handsets are available for purchase via online and offline platforms. In addition to this, Oppo is also offering additional bank discounts, easy no-cost EMI options and other benefits on the purchase. Oppo Find X8 and Find X8 Pro: Price and availability Oppo Find X8 is available in two variants. The 12GB + 256GB variant costs Rs 69,999, and the 16GB + 512GB variant costs Rs 79,999. The Oppo Find X8 Pro, on the other hand, is available in a single 16GB + 512GB variant and it ...Read More >
Lucknow, December 3: Chief Minister Yogi Adityanath, on Tuesday, emphasized that Prime Minister Narendra Modi's emphasis on using the term "Divyang" and respecting their sentiments has inspired persons with disabilities to advance in life and various fields with dignity. He highlighted that whenever Divyangjans have been given opportunities, they have consistently demonstrated their exceptional talents and abilities. Speaking at a state-level award ceremony at Lok Bhavan on International Day of Persons with Disabilities, the Chief Minister celebrated the achievements of Divyangjans and reaffi ...Read More >
Ahmedabad, Dec 4 (VOICE) A grand celebration of BAPS volunteer services is set to be organised at Narendra Modi stadium, the world's biggest cricket stadium on December 7, to mark the selfless service and devotion of more than 1 lakh volunteers. The occasion will begin with a heartfelt tribute to Pramukh Swami Maharaj on his birth anniversary, celebrating his pioneering efforts in fostering a global community of selfless volunteers. The event will be graced by BAPS spiritual leader Mahant Swami Maharaj and attended by Home Minister Amit Shah, Gujarat Chief Minister Bhupendra Patel. The year- ...Read More >
Bengaluru, 4th December 2024- PURE EV, one of India's leading electric two-wheeler manufacturers, has unveiled an ambitious roadmap to strengthen its presence nationwide and expand globally while introducing innovative solutions for sustainable mobility. Over the next 30 months, the company aims to add 250 new dealerships, taking its total network to over 320 across India. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the house-hold brand space. Dr. Nishanth Dongari, Founder & MD of PURE EV, ...Read More >
MUMBAI/NEW DELHI -- The Reserve Bank of India (RBI) on Friday slashed its economic growth forecast for the current financial year ending in March to 6.6% from the 7.2% projected in October after seeing "much lower than anticipated" gross domestic product expansion of 5.4% in July-September. "This decline in [the July-September quarter] growth was led mainly by a substantial deceleration in industrial growth from 7.4% in Q1 to 2.1% in Q2 due to subdued performance of manufacturing companies, contraction in mining activity and lower electricity demand," RBI Gov. Shaktikanta Das said in a televi ...Read More >
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign cu ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (MMV or the Company), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the Share Exchange Agreement) with the shareholders (the Transferors) of Bowong AI Limited (Bowong Cayman), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Shenzhen) Co., Ltd. (Bowong Technology). Bowong Technology is a company equipped with cutting-edge tec ...Read More >
In an exclusive interview with FinTech Magazine at Money20/20, Matthew Van Buskirk, Co-founder and CEO of Hummingbird Regtech, discusses how the company is enabling data to be labelled at ease through the use of artificial intelligence. Hummingbird positions itself as an AI enablement company, addressing a critical challenge in the financial sector: the lack of well-labelled, clean training data. "From the day we launched, we saw that deploying effective machine learning or AI capabilities in this industry is incredibly difficult because we don't have clean training data. Instead, we have th ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >
day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology. Under this project, ITD is consolidating all processes ...Read More >
NEW DELHI: An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked here on Thursday, officials said. The agency has registered a police FIR about the incident that took place at a farmhouse that was raided by ED officials in the Bijwasan area of southwest Delhi that falls under the Kapashera police station. An Enforcement Officer (EO) suffered minor injuries during the attack. He is continuing with the searches after he was given first aid, officials said. The probe pertains to a case against the PYYPL app. The alleged accus ...Read More >
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India's GDP at 6.5 per cent. The Indian economy would find it challenging to achieve over 7 per cent growth for the fourth consecutive year, economists said. They pointed out that the second-quarter (Q2) Gross Domestic Product (GDP) data, which was announced on November 29, has made the task even more daunting for the government. "A sharper than expected growth slowdown in Q2 has tilted risks to our outlook of 6.8 per cent for the current fiscal downwards," said DK Joshi, chief economist, Crisil. ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
New Delhi [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fraud during its crackdown. Also Read | Banking Laws (Amendment) Bill, 2024 Set To Boost Consumer Expe ...Read More >
NEW DELHI: Prime Minister Narendra Modi's home state, Gujarat, has achieved remarkable success in implementing the PM Surya Ghar Muft Bijli Yojana, a flagship initiative aimed at promoting rooftop solar installations for residential users. Informing the Rajya Sabha on Tuesday, Union Minister for New and Renewable Energy and Power, Shripad Naik, stated that Gujarat has recorded the highest number of solar rooftop installations, followed by Maharashtra and Uttar Pradesh. The minister further revealed that a total of 1.45 crore registrations have been recorded across the country under the PM Su ...Read More >
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only successive nominations. Another sweeping change relates to redefining 'substantial interest' for directors ...Read More >
New Delhi, November 26: Prime Minister Narendra Modi on Tuesday said that the government at the Centre has strengthened the spirit of the Constitution over the last 10 years. Addressing the Constitution Day celebrations at the Supreme Court, PM Modi highlighted that in the last 10 years, more than 53 crore bank accounts were opened, more than 4 crore pukka houses were given and more than 10 crore free gas connections were given. "In the last 5-6 years, by providing tap water facilities in more than 12 crore houses, the government made the lives of citizens easy, particularly of women," he sai ...Read More >
The XEV 9e is fast and even in the lower range mode feels smooth along with lots of performance.Source : Somnath Chatterjee Electric cars are different and Mahindra has thrown everything at their new range of EVs in terms of a new electric architecture along with specifications normally seen on luxury cars. The XEV 9e based on the Inglo platform is the bigger and more premium EV which starts at Rs 21.9 lakh while coming with two battery pack options- 59 and 79kwh. The 79 kwh battery pack means 656 km range and 284 bhp which means 0-100 km/h is just 6.8 seconds. The big XEV has lots of road p ...Read More >
Cybercrime is quickly increasing in India, with reports surfacing daily about victims losing large sums of money to scammers. These scammers often use tactics like threatening a "digital arrest" to instill fear and pressure individuals into transferring money. They typically operate from foreign countries to evade capture by law enforcement. The Indian government, including Prime Minister Modi, is actively raising awareness about these scams. Recently, the Department of Telecommunications (DoT) issued a warning to the public regarding international fraud calls. They advised people to be caut ...Read More >
INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >
HYDERABAD, India, Nov. 26, 2024 /PRNewswire/ -- IBSAT 2024, the proctored online aptitude test conducted by The ICFAI Foundation for Higher Education, is MBA aspirants' gateway to premier MBA, PGPM offered at nine ICFAI Business School (IBS) campuses. With applications closing in the third week of December, this is the perfect time for the candidates to secure their future with IBS and explore its Rs. 10 crore scholarship program. IBSAT is designed to reduce the stress on aspirants unlike CAT, XAT as the test does not have negative markings or sectional time limits, allowing candidates to foc ...Read More >
India's BFSI sector is rapidly evolving with digital transformation, creating new opportunities for the youth to merge financial knowledge with tech skills. As automation, AI, blockchain, and big data reshape the industry, India’s young workforce must be equipped with specialized skills to stay competitive. Roles in data analysis, AI, and cybersecurity are growing, and companies that invest in technology and upskilling will lead the market. While government programs aim to bridge the skills gap, a collaborative approach with educational institutions and financial organizations is key to ensuri ...Read More >
Stock market today: The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.70 per cent to the level of 24,445.80, breaking above its 50 and 100-day exponential moving averages (DEMA). According to Trendlyne, an equity research platform, Nifty 50 is above its 100-day EMA of 24,306 and 50-day EMA of 24,364. However, the index is yet to breach its 50-day and 100-day simple moving averages (SMAs) of 24,643 ...Read More >
Mumbai, December 5: Indian stock indices staged a strong recovery on Thursday after a slow start, driven by optimism surrounding a potential rate cut in the ongoing Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted: "FIIs turning buyers is positive for markets, particularly for large caps. The strength in banking stocks has the potential to take Bank Nifty towards all-time highs, which could also lift Nifty higher." The ongoing FII activity and speculative optimism around the RBI's policy dec ...Read More >