🟢 Growth & Expansion Highlights Aavas Financiers reported strong Q4 momentum, with AUM rising 15% YoY to ₹23,500 crore and disbursements up 16% YoY to ₹2,350 crore. The company also expanded its footprint with 38 new branches in FY26. South Indian Bank delivered a robust operational update,…
India has significantly stepped up the expansion of piped natural gas (PNG) connections as part of a broader strategy to ensure uninterrupted household fuel access. The push comes against the backdrop of global supply disruptions affecting conventional fuels, prompting a faster transition toward pipeline-based energy distribution. During March,…
India has witnessed a fresh increase in commercial LPG prices, with oil marketing companies implementing a hike of approximately ₹195 per 19-kg cylinder effective April 1. The revision comes at a time when businesses—particularly in the hospitality and food services sectors—are already navigating elevated input costs and uncertain…
The Reserve Bank of India (RBI) has announced an extension of key export-related relaxations, providing continued relief to exporters navigating persistent global trade disruptions. The decision reflects ongoing challenges in logistics, payment cycles, and supply chains influenced by geopolitical tensions. Extended Export Credit Window The RBI has extended…
The executive education platform XED has decided to withdraw its proposed $12 million initial public offering (IPO) at India’s International Financial Services Centre (IFSC) in GIFT City. The move comes amid a challenging global macroeconomic environment and subdued investor participation, underscoring the sensitivity of capital markets to geopolitical…
Cupid Limited has witnessed a notable development on both ownership and operational fronts, as its promoter and Chairman, Aditya Kumar Halwasiya, increased his stake in the company while the firm simultaneously reported a strong quarterly performance. The dual developments signal confidence from the leadership and highlight the company’s…
self-employed individuals. The funding round, led by Accel with participation from Lightspeed, Info Edge Ventures, and existing investors, highlights increasing investor confidence in platforms that combine savings, credit, and investment solutions through technology-driven innovation. Funding Overview and Strategic Direction The $12 million capital infusion is expected to accelerate…
Bharat Heavy Electricals Limited (BHEL), one of India’s leading engineering and manufacturing enterprises, has received a significant regulatory relaxation that is expected to streamline its procurement processes and support timely execution of large-scale infrastructure and power projects. The development comes amid evolving procurement norms and strategic supply chain…
OpenFX Secures $94 Million Funding at $500 Million Valuation to Accelerate Global Payments Expansion
The global payments landscape is undergoing rapid transformation, driven by the increasing demand for faster, more efficient, and cost-effective cross-border transaction solutions. In this evolving environment, fintech infrastructure companies are gaining significant traction among investors. One such emerging player, OpenFX, has recently raised $94 million in a new…
India’s microfinance sector continues to witness significant transformation, with rising investor interest, expanding financial inclusion, and growing institutional participation shaping its trajectory. In line with these developments, Svatantra Microfin Private Limited—promoted by entrepreneur Ananya Birla—is actively progressing toward a public listing. The company is reportedly preparing to launch…
