Fitch Ratings has upgraded IIFL Finance’s outlook to positive from stable, affirming its ‘B+’ senior secured debt rating. The agency anticipates improvements in the company’s credit profile over the next two years, including asset quality and funding diversity, following the lifting of RBI restrictions on gold loans.Read More

Indian tax officials are scrutinizing DBS Bank’s 2019 Masala Bond investments. The Income Tax department seeks confirmation on beneficial ownership and interest received. This probe follows a period of tax exemption for Masala Bond interest. The investigation aims to ensure compliance with investment regulations and tax benefits. Details on bond issuance and RBI filings are...Read More

India’s Ministry of External Affairs has refuted US President Donald Trump’s claim that Prime Minister Narendra Modi assured him of ending Russian oil purchases. The MEA stated no such telephonic conversation occurred, emphasizing India’s consistent priority to safeguard consumer interests in volatile energy markets.Read More

Indian markets saw a strong rally on Thursday, with the Nifty 50 surpassing 25,600, driven by domestic earnings recovery optimism and positive global cues. Key companies like RIL, Infosys, and Wipro reported their second-quarter results, influencing trading activity. Analysts suggest a “buy on dips” strategy amidst sectoral rotation.Read More

Indian IT exporters are demonstrating strong deal wins, adapting to AI-driven client demands amidst a challenging business environment. Despite uncertainties, companies are strategically integrating AI, bolstering their pipelines and showing resilience. Improved hiring and a weaker rupee are expected to support performance in the latter half of the fiscal year.Read More

Indian equities surged on Thursday, with Nifty advancing 262 points, driven by expectations of a domestic earnings rebound and renewed foreign inflows. The broad-based rally was supported by strong Q2 results and improving sentiment, with analysts anticipating further upward movement as the earnings season progresses.Read More

India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.Read More

Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.Read More

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Sanjay Malhotra, the chief of India’s Reserve Bank, is on a mission to enhance global access to digital platforms that serve the public good. He brought attention to MOSIP, India’s innovative open-source digital identity solution, gaining traction in 27 countries. The RBI is also integrating India’s UPI with payment systems from various nations to streamline...Read More