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Middle class, aspirational consumers to drive 93% of India's spending by 2036: SitharamanIndia's middle class is poised to fuel significant economic expansion, with 93% of all spending expected to originate from this segment by ...- India slips to 125th in Global Passport Index 2026, offers visa-free access to 26 destinationsIndia's passport has dropped to 125th globally in the 2026 rankings, offering visa-free access to only 26 destinations. This marks a declin...
- Kissht parent's AUM tops Rs 8,000 crore in Q1Kissht, the loan app by OnEMI Technology Solutions, witnessed a significant 61% surge in assets under management, reaching Rs 8,001 crore b...
- India's banks are handing out more loans, but deposits aren't keeping upIndian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend,...
- Nepal looks to improve quality, explore new markets after India tightened tea import proceduresNepal's tea exports to India faced a temporary halt due to stricter testing regulations, prompting a government task force to recommend imp...
- Indians remain largest source of air tourists to Nepal in JuneIndians continue to lead foreign tourist arrivals in Nepal, with a significant 28% surge in June. This trend, driven by factors like high I...
- Over 1.80 lakh farmers in Chhatrapati Sambhajinagar eligible to get total loan waiver of Rs 1,632 crOver 1.80 lakh farmers in Chhatrapati Sambhajinagar are set to benefit from a Rs 1,632 crore loan waiver under a new state scheme. The Puny...
- RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&PThe Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financi...
- India's private credit market doubles to $25 billion AUM in five years: ReportIndia's private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong busin...
- SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessionsTo make lenders more comfortable, the Japanese technology investor is offering to guarantee repayment of the loan, giving banks recourse to...
- Corporate loans outpace retailCorporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yie...
- NPCI partners with HSBC India to enable real-time FX settlement for global UPI paymentsExciting news for Indian travelers! A groundbreaking partnership between NPCI and HSBC India is set to streamline international UPI payment...
- World Bank to phase out China lending by 2031The World Bank is set to cease lending to China by 2031, a move reflecting Beijing's economic ascent. Loans will be capped at $2 billion un...
- Household sector debt climbs to 45.5 pc of GDP in Sep 2025: RBI reportHousehold debt has climbed to 45.5% of India's GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowi...
- Global Market: PBOC keeps new overnight repo rate at 1.25%, pumps in 600 billion yuanChina's central bank significantly boosted liquidity, injecting 600 billion yuan via overnight reverse repos, doubling Monday's debut. This...
- IIFCL plans $1 billion loan from overseas investors; in talks for $400 million ADB fundingIndia Infrastructure Finance Company is set to secure a substantial $1 billion foreign-currency loan, potentially its largest to date, and ...
- 52 stranded, MEA warns Kailash Mansarovar pilgrims against travelling without China permits and visasIndian citizens planning the Kailash Mansarovar Yatra are warned by the Ministry of External Affairs against proceeding without confirmed C...
- 52 Indian pilgrims stranded in Kathmandu during Kailash Mansarovar yatra; NCP (SP) urges MEA, embassies to interveneFifty-two Indian pilgrims bound for Kailash Mansarovar are stranded in Kathmandu, prompting NCP MP Supriya Sule to urge the External Affair...
- RBI opens term money market to AIFIs, housing finance companiesThe Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them...
- Nepal's foreign minister visits China after calling on regional rival IndiaNepal's Foreign Minister Shisir Khanal met China's top diplomat following a recent visit to India, presenting a challenge for Beijing's reg...
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