HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition...Read More

India’s private credit market is poised for significant expansion, projected to reach $50 billion by 2030, fueled by increasing corporate funding needs and limitations faced by traditional banks. While this alternative capital source is gaining traction, new RBI regulations allowing bank acquisition financing could introduce greater competition. Real estate and infrastructure sectors are leading this...Read More

The government is exploring a revamped Gold Monetisation Scheme, aiming to involve jewellers for the first time to tap into the vast amount of household gold. This initiative seeks to reduce India’s reliance on imported bullion, especially with gold prices and import duties impacting jewellery demand. Discussions involving ministers, the RBI, banks, and industry representatives...Read More

New RBI rules demanding 100% collateral for bank guarantees from July 1 are set to significantly impact proprietary trading desks. These firms, crucial to market turnover, face increased funding costs and squeezed profits. Industry experts warn of reduced trading volumes and potential job losses as the cost of capital rises substantially, prompting some firms to...Read More

IT stocks surged on Thursday, with the Nifty IT index climbing over 4.7% and leading gains on the NSE. This rebound followed recent losses, driven by a US tech rally and anticipation of quarterly results. Large-cap firms like Infosys and TCS saw significant jumps, while mid-cap IT stocks also experienced strong buying. Analysts suggest attractive...Read More

The Indian rupee weakened to 95.39 against the dollar on Thursday, despite lower oil prices and central bank support. Demand from foreign banks, oil firms, and investor outflows pressured the currency. Traders noted Reserve Bank of India intervention, particularly in the morning, and offshore dollar sales. This marks a 0.45% depreciation for the rupee this...Read More

Bihar is poised to enter the municipal bond market with Patna Municipal Corporation planning to raise ₹200 crore over 10 years, marking the nation’s first civic bond issue of 2026-27. Meanwhile, the Brihanmumbai Municipal Corporation is nearing the finalization of merchant bankers for its ₹1,000 crore fundraising this fiscal year. Ahmedabad Municipal Corporation is also...Read More

Danish brewer Carlsberg has taken a significant step towards listing its Indian operations by confidentially filing draft papers for a $700 million IPO with the Bombay Stock Exchange. Managed by top financial institutions, the move follows a year of preparations, including strengthening governance and converting to a public limited company. This IPO aims to tap...Read More

IIFL Finance has successfully raised $300 million through a four-year dollar bond sale to international investors, marking its second such issuance recently. The bonds were priced at 7.60%, reflecting strong overseas demand. This move allows the company to quickly access funds under its existing medium-term note program. Fitch Ratings has assigned an expected ‘B+(EXP)’ rating...Read More