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Mumbai: The Reserve Bank of India (RBI) has taken a cautious but balanced approach in its latest Monetary Policy Committee (MPC) meeting held on April 8, 2026, as it tries to support growth while keeping risks under control. The central bank has decided to keep the repo rate unchanged at 5.25 percent and continue with a neutral policy stance, signalling that it is watching both growth and inflation closely. India's economy showed strong performance in FY26, with real GDP growth estimated at 7.6 ...Read More >
Government faces higher subsidy costs due to rising oil prices India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and ...Read More >
NEW DELHI: India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritize capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government sees as critical to su ...Read More >
NEW DELHI, April 7 (Reuters) - India sees no immediate risks to its fiscal deficit target for the financial year that began on April 1, and will continue to prioritise capital spending, two government sources said, as New Delhi assesses the fallout from the Middle East crisis. Officials are considering austerity measures, including spending curbs in ministries with limited capacity to use allocated funds, but are keen to continue spending on roads, railways and airports, which the government se ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
Gandhinagar (Gujarat) [India], March 30 (ANI): Banking assets at GIFT City's International Financial Services Centre (IFSC) have crossed USD 106.7 billion as of February 2026, marking a more than seven-fold increase from USD 14 billion in September 2020, underscoring the rapid scale-up of India's offshore banking ecosystem, according to a statement released by GIFT city. The growth has been supported by a robust and expanding banking base, with 37 banks operating in GIFT IFSC, including 20 fore ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Mumbai, October 7: With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." IMC 2025 on October 8: PM Narendra Modi to Inaugurate ...Read More >
New Delhi: For leap.club founder Ragini Das, life has come full circle. Das has been appointed as the Head of Google for Startups, India, a company where she could not make it in 2013. Announcing the news on LinkedIn, Das described the moment as a "full-circle" professional milestone. "Life has come full circle, and I'm excited to share that I've joined Google as Head of Google for Startups - India," she wrote. Landing role at Google Sharing her journey, Das said that in 2013 she interviewed ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) With an aim to boost international trade, investment, and ease of doing business, Finance Minister Nirmala Sitharaman on Tuesday unveiled foreign currency settlement system in GIFT City. Addressing the 'Global Fintech Fest 2025' here, Sitharaman said that "foreign currency settlement system to solve the problem of facilitating seamless transactions on real-time basis, enhance liquidity management, and ensuring compliance." She further informed that the FCSS will ...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 p ...Read More >
Bengaluru : Having issued India's first listed sustainability-linked Bond, for USD 60 million, under the Securities and Exchange Board of India's (SEBI) ESG Bond Framework in June this year, Indian multinational conglomerate Larsen & Toubro (L&T) has now secured a Sustainability-Linked Trade Facility (SLTF) worth USD 700 million with Standard Chartered. The development underscores L&T's commitment to sustainable business practices and its continued efforts to augment the sustainable business po ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
New Delhi, Sep 29 (PTI) Larsen & Toubro on Monday announced securing a Sustainability-Linked Trade Facility (SLTF) worth USD 700 million from Standard Chartered. The SLTF is tied to specified key performance indicators (KPI) such as the intensity of greenhouse gas emissions and fresh-water withdrawal, and targets that are crucial to L&T's business operations. It is also aligned with the Loan Market Association's Sustainability-Linked Loan Principles, ensuring adherence to market standards for ...Read More >
More than two in five multinational companies (MNCs) are planning to increase their trade and manufacturing operations in India, according to a recent report, "Future of Trade: Resilience" by Standard Chartered. The bank attributes this interest to India's status as "the world's most populous market and one of the fastest-growing large economies," highlighting the country's appeal to global businesses. The report underscores India's growing prominence as a hub for multinational investment, driv ...Read More >
Bank of Baroda has received approval from IFSCA to operate as a Trading-Cum-Clearing Member on the India International Bullion Exchange (IIBX) at GIFT City. This strategic move positions its International Banking Unit as a key hub for bullion trading, aiming to boost liquidity and efficiency in India's bullion market. Bank of Baroda on Friday said it has received an approval from the International Financial Services Centres Authority (IFSCA) to operate as a Trading-Cum-Clearing Member (TCM) on ...Read More >
Standard Chartered Bank, along with Clearing Corporation of India Ltd (CCIL) and International Financial Services Centre Authority (IFSCA) is set to open the dollar clearing facility in GIFT city on October 7, according P.D. Singh, chief executive officer (CEO) "The entire dollar clearing that is happening in Gift City right now will move to this platform and every bank that is there, foreign and Indian bank, will become a member of this dollar clearing. I think we have a large number of the ba ...Read More >
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it's a gradual shift. "It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade," he said, adding that the move was steady but not yet large-scale.Govt and RBI have been working on internationalisation of the rupee to protect forex reserves and ensure ene ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP is trading close to $3 and has struggled to hold that level in recent sessions. According to a market analyst, a repeat of a past pattern tied to Bitcoin halvings could push XRP much higher, with a possible cycle top above $20 on Oct. 17, 2025. The timeline ties back to earlier halving cycles and a short lag that, she argues, has repeated before. Based on reports, crypto expe ...Read More >
Mumbai (Maharashtra) [India], September 3: Zaggle Prepaid Ocean Services Limited (Zaggle), India's leading spend management company announced a partnership with Standard Chartered Bank. Under the partnership, Zaggle will introduce its innovative prepaid card solutions designed to help Standard Chartered's corporate customers to seamlessly manage expenses and enhance control over corporate spending and therefore offer greater convenience to their employees. The prepaid card offering will cater to ...Read More >
NewsVoir Mumbai (Maharashtra) [India], September 3: Zaggle Prepaid Ocean Services Limited (Zaggle), India's leading spend management company announced a partnership with Standard Chartered Bank. Under the partnership, Zaggle will introduce its innovative prepaid card solutions designed to help Standard Chartered's corporate customers to seamlessly manage expenses and enhance control over corporate spending and therefore offer greater convenience to their employees. The prepaid card offering wil ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Gove ...Read More >
Mumbai: B2B startup Jumbotail raised a fresh $120 million in funding from investors led by SC Ventures, the investment arm of Standard Chartered, at a valuation of $1 billion, sources said. The company disclosed the investment details in a statement on Monday but did not comment on the valuation. Existing investor Artal Asia also backed the funding round. Jumbotail has become the fifth unicorn of the year.The jump in Jumbotail's valuation was helped by its acquisition of Solv India, a B2B commer ...Read More >
BENGALURU: B2B marketplace and new retail platform for food and grocery Jumbotail, has raised $120 million in a funding round led by SC Ventures, the investment arm of Standard Chartered. Existing investors including Artal Asia participated in the round. With this, the start-up has raised $263 million. The company will invest the capital to build AI-native solutions and capabilities. Jumbotail also completed its acquisition of Solv India, a B2B commerce and financial services platform incubated ...Read More >
Jumbotail, a business-to-business (B2B) marketplace for food and grocery products, on Monday said it has raised $120 million in a funding round led by Standard Chartered's investment arm SC Ventures. The latest fundraise, which also saw participation from existing investors including Artal Asia, brought Jumbotail's total capital raised to $263 million. Earlier this year, Jumbotail acquired Solv, an online B2B platform facilitating MSMEs to sell their products to retailers and other businesses, ...Read More >
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