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.
Mumbai: Credit rating agency Fitch Ratings has revised the outlook on IIFL Finance's (IIFL) long-term rating to positive from stable, and affirmed the rating on IIFL's senior secured debt at 'B+'. The rating agency expects the company's credit profile to improve over the next two years, particularly its business and risk profiles, asset quality and funding diversity. "The revision also reflects Fitch's expectation of a gradual decline in legacy problem assets over the next two years along with
Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. Also Read | 'Ruin the Friendship' and 'CANCELLED!': Are These Taylor Swift's Alleged Diss Tracks Targeting Blake Lively? Fan Theories Go Viral Amid 12th Album 'The Life of a Showgirl' Announcement. During the Prime Loan Festival, i ...Read More >
New Delhi: The Delhi High Court has reaffirmed that the personal liberty of two consenting adults to marry and live together peacefully is protected under Article 21 of the Indian Constitution. In a recent ruling, the court emphasised that family opposition cannot override this autonomy. Justice Sanjeev Narula stated that the Supreme Court has consistently upheld this principle, directing law enforcement to protect couples from threats or coercion. In this case, the court ordered police protection for a young couple who feared harassment from the woman's family. The couple had solemnised the ...Read More >
New Delhi [India], March 30 (ANI): A recent report by Fitch Ratings has flagged heightened risks in India's gold-loan segment following a decline in gold prices, underscoring the need for robust risk controls among non-bank financial institutions (NBFIs). In its latest assessment, Fitch said that falling gold prices could erode the value of collateral backing gold loans, potentially weakening lenders' recovery prospects in the event of borrower defaults. "A decline in gold prices puts pressure on collateral coverage and increases the importance of active risk management," the agency noted. G ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) Lower headline inflation and reduced interest rates are set to extend broader support to domestic demand in the economy amidst global headwinds, a report has said. The headline inflation is now projected at 3.2 per cent in fiscal 2026, down from the earlier estimate of 3.5 per cent. This results in a 140 basis points (1.4 percentage points) decline in CPI inflation for this fiscal year, according to the report from ratings agency Crisil. "This sharp moderation implies a sizeable 140 basis points (bps) decline in CPI inflation this fiscal, opening space for ...Read More >
MUMBAI: The third major global rating agency Moody's Ratings has reaffirmed its Baa3 (BBB-) sovereign rating on the country and retained the outlook at stable, one month after rival Fitch also maintained the rating at the lowest investment-grade level. On the other hand, the largest agency S&P had on August 14 upgraded the country to BBB from BBB- for the first time in 18 years. "The rating affirmation of BBB- rating and stable outlook reflect our view that India's prevailing credit strengths including its large, fast-growing economy, sound external position and stable domestic financing base ...Read More >
Mumbai: India's central bank hasn't added to its gold stash in FY26 yet, likely tying its purchase decision and timing to an expectedly southward trend in the prices of the safe-haven asset that surged more than 80% in five years amid geopolitical and trade uncertainties. The Reserve Bank of India's (RBI) total gold holdings amounted to 880 metric tonnes, and it continued to be at that level between end-March and end May this year, showed the latest data. This is the longest pause in more than a year. It had paused purchases during October-December 2023 and its holdings were steady at 804 met ...Read More >
New Delhi [India], August 14 (ANI): Foreign capital inflows into India are likely to accelerate following S&P recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB). In both the short and long term, foreign capital inflows can be expected to be impacted positively, as the upgrade reaffirms trust in India ound fundamentals and growth momentum. We are likely to see higher FPI inflows this year and a decline in bond yields, BoB Economist Told ANI. According to Badhan, India recent credit rating upgrade ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UPI with Gold Loans enables customers to access instant credit against their gold holdings. The produc ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
Asset quality metrics are weakening in the past few quarters in some segments. This has necessitated a recalibration of growth strategies, especially in unsecured loans and microfinance Unsecured loans given by Non Banking Finance Companies (NBFCs) and credit to microfinance segments, accounting for 23% of the overall NBFC Asset Under Management (AUM) are expected to be impacted the most in the current and next fiscals according to CRISIL Ratings' outlook on the sector. Krishnan Sitaraman, Chief Ratings Officer, CRISIL Ratings said, "Recent regulatory pronouncements have brought to the fore t ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
The World Bank also raised its FY26 projection to 6.5%. Despite a downgraded global growth outlook, the IMF now considers India a key engine for global growth, affirming its economic significance. New Delhi [India]: The International Monetary Fund (IMF) on Tuesday revised India's growth forecast for the fiscal year 2025-26 (FY26) upward to 6.6%, a 0.2 percentage point increase from its previous estimate of 6.4%. This revision is largely due to India's strong growth momentum in the first quarter ...Read More >
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. SEBI said that Jane Street Group entities "are restrained from accessing the securities market and ...Read More >
MUMBAI (Reuters) -S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better quality of government spending. S&P said it expects the impact of U.S. tariffs on the Indian econom ...Read More >
MUMBAI, Aug 14 (Reuters) - S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better quality of government spending. S&P said it expects the impact of U.S. tariffs on the Indi ...Read More >
New Delhi, Oct 1 (PTI) Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate purposes. With this offering, Vedanta has raised USD 3.6 billion from international bond markets in ...Read More >
Mumbai: Gold, which has surged more than 40% over the past one year in dollar terms, might be close to its peak in the current upcycle, several economists and researchers said, pointing to immediate downside risks for the safe-haven asset that had benefited from unsettled geopolitics and central bank buying to hit pricing records since the Covid shutdowns. Citi, Motilal Oswal and a research unit of Fitch Ratings - BMI - are among those suggesting an end to the gold rally, as global macroeconomic conditions that had hitherto burnished its safe-haven allure change to bullion's relative disadvan ...Read More >
New Delhi, July 18 (UNI) Fitch Ratings said that the Reserve Bank of India's emphasis on liquidity reduced deposit pressure on Indian banks. It was stated in a report published on the theme 'Indian Banks Structural Deposit Pressures Ease on RBI's Liquidity Infusions'. The country's premier central bank, the RBI, showed its commitment to maintaining favorable liquidity conditions within the domestic economy. Fitch Ratings is a renowned American credit rating agency. It is officially authorized by the US Securities and Exchange Commission. Fitch Ratings is considered one of the "Big Three credi ...Read More >
Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. During the Prime Loan Festival, individuals can unlock the true potential of their gold ornaments by pledging them as security and accessing funds quickly. The loan amount is based on the value of the gold, with competitive interest ...Read More >
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI's monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks -- Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank -- currently offer home loans at 7.35%. Borrowers at this rate will see their interest rate decline to 7.1%, which is also the deposit rate offered by some private banks. On a Rs 1 crore home loan for 15 years, a 0.25 percentage-point reduction in the rate reduces the EMI by roughly Rs 1,440 per month. Bankers say ...Read More >
New Delhi [India], April 9 (ANI): India's financial sector is likely to see a mixed performance in the fourth quarter of FY26, with stronger deposit growth, improving asset quality, but pressure on margins and profitability, according to a report by PhillipCapital. The report highlighted that deposit growth has emerged as a key positive surprise during the quarter, outpacing credit expansion and easing liquidity pressures in the system. "Banking balance sheets are expected to witness healthy growth sequentially across both assets and liabilities, with liability franchises outperforming this ...Read More >
New Delhi [India], August 14 (ANI): Border Security Force Sub-Inspector Vyas Dev and Constable Suddi Rabha are among those 16 personnel who have been awarded the Medal for Gallantry (GM) on the 79th Independence Day for showing their exceptional bravery and unmatched valour exhibited by them in Operation Sindoor. In addition, the President Medal for Distinguished Service (PSM) to five and the Medal for Meritorious Service (MSM) to 46 are also awarded to BSF officers and personnel. During Operation Sindoor, Sub-Inspector Vyas Dev and Constable Suddi Rabha were deployed in the forward posts of ...Read More >
Kolkata: The CBI on Wednesday filed a supplementary charge sheet in the 2021 murder case of BJP worker Abhijit Sarkar, who was killed during post-election violence in Kankurgachhi. The charge sheet names Beleghata MLA Paresh Pal, Kolkata Municipal Corporation councillors Swapan Samaddar and Papiya Ghosh, along with 15 others.In the FIR, Sarkar's mother Madhabi said that on May 2, 2021, eight persons barged into their house at Narkeldanga around 3 pm and started enquiring about her son. The miscreants alleged that the Sarkar family had illegally occupied rooms belonging to the Railways and star ...Read More >
June 30 (Reuters) - India's final rules easing provisions for loans to under-construction infrastructure projects are likely to revive credit growth in the sector, Moody's Ratings said on Monday. The Reserve Bank of India earlier this month cut the provisioning requirement to 1% from a proposed 5%, a move expected to boost banks' willingness to fund infrastructure developments, Moody's said. "We expect the guidelines' finalization will reduce uncertainty in project financing and support medium-term growth," Moody's said. Infrastructure credit shrank 0.8% between April 2024 and April 2025 af ...Read More >
NEW DELHI: Volvo, the Swedish luxury carmaker on Friday said it plans to bring the new Volvo EX30 SUV, the entry level luxury electric car, during the forthcoming festive season, to boost electric penetration in the world's third largest car market. "In the last six months the electric car market in India has grown about 4.5 per cent in the mass car market while the luxury car market rose to 9 per cent. We want to accelerate this growth by bringing our new Volvo EX30 electric car during the festival season," Jyoti Malhotra, MD at Volvo Car India told Financial Chronicle in an exclusive interv ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday called for a fundamental rethink of global sovereign credit rating systems, arguing that they often fail to reflect the economic resilience and structural strengths of emerging markets. Speaking at the International Business Forum, the 4th International Conference on Financing for Development in Spain, Sitharaman pointed to India's strong macroeconomic fundamentals, including sustained high growth and prudent fiscal management, as evidence that current ratings undervalue the country's stability. "India, for example, with a sustained hi ...Read More >
New Delhi [India], March 30 (ANI): A recent report by Fitch Ratings has flagged heightened risks in India's gold-loan segment following a decline in gold prices, underscoring the need for robust risk controls among non-bank financial institutions (NBFIs). In its latest assessment, Fitch said that falling gold prices could erode the value of collateral backing gold loans, potentially weakening lenders' recovery prospects in the event of borrower defaults. "A decline in gold prices puts pressure on collateral coverage and increases the importance of active risk management," the agency noted. A ...Read More >