In a major step towards employee welfare, Indian Railways has partnered with the State Bank of India (SBI) to provide significantly upgraded insurance benefits to Railway staff. The Memorandum of Understanding (MoU) is set to benefit nearly 7 lakh employees who hold salary accounts with SBI. Enhanced Coverage…
BLS International Services Ltd., a leading global tech-enabled services provider, announced its entry into the East African market through its wholly-owned subsidiary, BLS International FZE. The subsidiary has acquired a 100% stake in Consular Outsourcing Services Kenya Ltd, strengthening the company’s international footprint. Acquisition Details As per a…
India’s economy has delivered a strong performance in the first quarter of the fiscal year 2025-26, with real GDP growth accelerating to 7.8% in the April–June period. The data, released by the National Statistical Office (NSO) on 29th August 2025, has surprised many who had projected growth in…
Reliance Industries Ltd (RIL) on Friday held its 48th Annual General Meeting (AGM), where Chairman Mukesh Ambani announced a series of landmark initiatives aimed at defining the corporation’s next phase of growth. The announcements included the much-anticipated Jio IPO, the launch of a new artificial intelligence subsidiary, and…
BNP Paribas Financial Markets executed a series of large block and bulk deals across multiple companies, with major moves in Eternal (Zomato’s parent) and Swiggy. Investment in Eternal BNP Paribas purchased 10.12 crore shares of Eternal via a block deal at ₹318.1 per share, valuing the transaction at…
New Delhi, August 29, 2025 – Credit card spending in India rose 6% month-on-month to ₹1.94 lakh crore in July 2025, up from ₹1.83 lakh crore in June, according to data released by the Reserve Bank of India (RBI). On a year-on-year basis, spending increased 12% from ₹1.72…
The Delhi government has unveiled the draft Delhi Startup Policy, 2025, with a vision to nurture at least 5,000 startups by 2035. The policy emphasizes financial incentives, incubation support, and a robust monitoring framework to build a structured startup ecosystem in the national capital. ₹200 Crore Venture Capital…
Infosys (NSE: INFY) has entered into a strategic collaboration with Mastercard to expand financial institutions’ access to Mastercard Move, a comprehensive suite of money movement capabilities for fast, secure, and scalable domestic and cross-border transactions. Integration with Infosys Finacle The partnership will integrate Mastercard Move with Infosys Finacle,…
National Aluminium Company (NALCO) has unveiled plans to invest ₹30,000 crore over the next five years, focusing on expanding its aluminium production capacity and securing raw material supplies. Chairman and Managing Director Brijendra Pratap Singh announced the investment on August 28, 2025. Smelter Project in Odisha NALCO will…
Dutch investment firm Prosus is in advanced discussions to invest about $200 million (₹1,750 crore) in ride-hailing platform Rapido, according to reports. The move is aimed at increasing Prosus’ stake in the company, which currently stands at 3–4%. Investment Structure The funding is likely to be structured either…