BLS International has announced that it has won a three-year contract from the Ministry of External Affairs (MEA) to establish and manage Indian Visa Application Centers (IVACs) in China. Contract Details The company will operate IVACs in Beijing, Shanghai, and Guangzhou, providing secure, streamlined, and customer-friendly visa services.…
Indian Overseas Bank (IOB) reported robust financial performance for the second quarter (July–September 2025), with strong growth in both profitability and asset quality. Key Financial Highlights Net Interest Income (NII): ₹3,059 crore, up 21% YoY from ₹2,537 crore Net Profit: ₹1,226 crore, a 58% increase from ₹777 crore…
A consortium of private equity firms—Gaja Capital, Lightspeed India Partners, and Premji Invest—has launched People’s Home Finance, a new platform aimed at providing affordable housing finance to India’s self-employed segment, traditionally underserved by formal lenders. Funding and Strategy The platform has raised $170 million (around ₹1,400 crore) in…
Nestlé India Ltd. reported its Q2FY26 earnings on Thursday, October 16, registering high-single-digit volume growth domestically and the highest-ever domestic sales in any quarter. Key Highlights of Q2FY26 Domestic Sales: Nestlé India’s domestic business saw double-digit growth, driven by three out of four product categories, marking a record…
On October 16, 2025, Ola Electric took a strategic leap beyond electric mobility by launching its first residential Battery Energy Storage System (BESS), named Ola Shakti. This move marks the company’s entry into India’s rapidly expanding BESS market, which is projected to exceed ₹3 Lakh Crore by 2030.…
Passive investment instruments in India have continued to attract strong investor interest, with the first half of FY26 (April–September 2025) recording robust net inflows of ₹68,505 crore, according to data from the Association of Mutual Funds in India (AMFI). Exchange Traded Funds (ETFs) emerged as the primary driver…
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed on Tuesday, October 21, 2025, in observance of Diwali Laxmi Pujan. Special Muhurat Trading Session Despite the holiday, a special Diwali Muhurat Trading session will be held on the same day Timing: 1:45 PM to…
This Dhanteras, investors are increasingly turning to digital gold via ETFs instead of traditional jewellery. According to ICRA Analytics, inflows into Gold Exchange Traded Funds (ETFs) surged to ₹8,363 crore in September 2025, up from ₹1,233 crore a year ago — a 578% jump. Gold ETF inflows have…
Investors holding the SGB 2017-18 Series-III, issued on October 16, 2017, should note that the final redemption is scheduled for October 16, 2025. The redemption price combines the average gold price and accrued interest, offering an attractive exit for long-term holders. Redemption Price Details Final Redemption Price: ₹12,567…
The Reserve Bank of India (RBI) has officially launched the offline digital rupee (e₹), marking a significant step in India’s digital finance journey. The announcement was made at the Global Fintech Fest 2025 in Mumbai, aiming to boost financial inclusion and strengthen India’s global leadership in digital currencies.…