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.…
The Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) has announced an additional 2% margin on all Silver futures contracts, effective October 17, 2025. This move aims to strengthen risk management and safeguard against potential market volatility. Contracts Affected Contract Expiry Additional Margin SILVER Dec 5, 2025 2% SILVERM…
Overview: State Bank of India (SBI), the country’s largest lender, is set to issue its first domestic bank bond of FY26, targeting up to ₹7,500 crore through 10-year tier-II bonds. The base issue is ₹5,000 crore, with a green-shoe option of ₹2,500 crore. The bonds will carry a…
Overview: India’s unemployment rate edged up to 5.2% in September 2025, reflecting a slowdown in labour market momentum across both rural and urban regions. Data from the Periodic Labour Force Survey (PLFS), released by the National Statistical Office (NSO), points to rising rural joblessness and stagnant urban employment,…
Summary: Quick Heal Technologies has announced a robust return to profitability in Q2 FY26, driven by strong revenue growth, improved margins, and operational efficiencies. The cybersecurity firm posted a profit after tax (PAT) of ₹7.91 crore, reversing a loss of ₹5.51 crore in Q1 FY26, signaling a clear…
Summary: In a landmark $40 billion deal, a consortium led by BlackRock, Microsoft, and Nvidia has acquired Aligned Data Centres from Macquarie Asset Management, marking a major step in the global race to build AI-ready infrastructure. The acquisition, expected to close in H1 2026, underscores the surging demand…
Summary: Mangalore Refinery and Petrochemicals Ltd. (MRPL) has made a strong comeback in Q2 FY26, reporting a net profit of ₹974 crore compared to a loss of ₹402 crore in Q1. The company’s EBITDA surged 139% quarter-on-quarter to ₹1,488 crore, while operating margins expanded 300 basis points to…
Summary: The Employees’ Provident Fund Organisation (EPFO) has clarified recent changes to its PF withdrawal rules, simplifying access to provident fund savings while retaining 25% of the corpus to ensure long-term financial security. Members can now withdraw up to 75% of their PF immediately after leaving a job,…
Summary: The Securities and Exchange Board of India (SEBI) has extended the compliance deadline for Angel Funds under the Alternative Investment Funds (AIF) Regulations to January 31, 2026. The extension allows Angel Funds more time to incorporate investment allocation methodology disclosures in their Private Placement Memorandum (PPM), ensuring…
Summary: Hyundai Motor Company has announced its largest-ever investment in India, committing ₹45,000 crore to expand manufacturing, research, and development, and launch 26 new vehicles by 2030. The plan emphasizes full localisation, advanced R&D, and electrification, positioning India as a global hub for Hyundai’s innovation and exports. Ambitious…