What if a transaction takes place after you lose your card, and you don’t block it before that? Who has t ...More

What if a transaction takes place after you lose your card, and you don’t block it before that? Who has the liability then - you or the bank? There could be an instance where, even when you have reported your credit card as lost/missing, an unauthorised transaction takes place because of the bank’s fault. What then? Do such transactions have impact on your credit score? Find out in this article. ...Less

Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wife’s credit ...More

Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wife’s credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case. ...Less

How about a card that not only offers airport privileges but also earns rewards on every eligible spend a ...More

How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero forex markup on international transactions? This new co-branded credit card offers unlimited domestic lounge access, complimentary dining, among a host of other benefits, and most importantly, it is a lifetime free offering. ...Less

Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for pa ...More

Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances have significantly fallen as a percentage of total card spending. This trend is impacting major lenders like HDFC Bank and SBI Cards. Analysts predict further profit margin declines in the coming years. ...Less

Despite a monthly income of ₹2.5 lakh, a Bengaluru professional finds himself under financial pressure du ...More

Despite a monthly income of ₹2.5 lakh, a Bengaluru professional finds himself under financial pressure due to hefty EMIs and credit card payments. His prior spending on renovations and a wedding has accumulated significant debt. Financial advisors propose establishing boundaries to manage his finances more effectively. In search of relief, he aims to secure a higher-paying job to improve his cash flow. ...Less

All consumers who take a new credit card through the Paisabazaar platform during the offer period (until ...More

All consumers who take a new credit card through the Paisabazaar platform during the offer period (until the end of September) would be eligible for a PB Pass. The complimentary pass gets unlocked when these customers make their first payment of the credit card through the Paisabazaar app. ...Less

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PhonePe's Rahul Chari dismissed card tokenization security concerns, stating no fraud is enabled. The com ...More

PhonePe's Rahul Chari dismissed card tokenization security concerns, stating no fraud is enabled. The company launched three new payment solutions with Visa at the Global Fintech Festival. PhonePe now offers Cross Border Scan to Pay for international transactions. It also enables micro-merchants to accept card payments using its Smart Accept solution. Consumers can now make credit card payments using their phones at small merchants. ...Less

In an exciting development for the travel fintech sector, Scapia is set to roll out a new lending offerin ...More

In an exciting development for the travel fintech sector, Scapia is set to roll out a new lending offering within the next few months. The company is also actively expanding its banking partnerships to access a broader customer base. Having recently introduced a co-branded credit card in partnership with Axis Bank, Scapia seeks to enhance profitability by merging card services with travel experiences. ...Less

iPhone 17 Pro Discount: Croma is offering special deals on iPhone 17 Pro and Pro Max models. The iPhone 1 ...More

iPhone 17 Pro Discount: Croma is offering special deals on iPhone 17 Pro and Pro Max models. The iPhone 17 Pro 256GB is available for an effective price of Rs 69,990. iPhone 17 Pro Max 256GB can be purchased for Rs 74,990 in-store. These offers include exchange benefits and bank cashback options. Customers also receive a free case and a discount on AppleCare+. ...Less

Younger consumers and rural households are driving India's retail credit market growth. These aspirationa ...More

Younger consumers and rural households are driving India's retail credit market growth. These aspirational borrowers now account for most new credit originations. Digital platforms and alternative data are key to assessing these new customers. Lenders must adapt underwriting to understand diverse financial footprints. This shift promises wider credit access and financial inclusion for many. ...Less

Agriculture sector NPAs have significantly decreased to single digits, according to Nabard Chairman Shaji ...More

Agriculture sector NPAs have significantly decreased to single digits, according to Nabard Chairman Shaji Krishnan V. Boosting crop productivity and enhancing credit facilities will drive further improvements, he said. ...Less

Falcon has launched MerlinFX, embedding AI agents directly into banking transaction systems. These agents ...More

Falcon has launched MerlinFX, embedding AI agents directly into banking transaction systems. These agents automate tasks like reconciliation and fraud monitoring in real-time. Two agents are already in production, with five more rolling out to clients. This move addresses rising transaction volumes across digital payments and cards. Banks now leverage AI within workflows, not just for analysis. ...Less

DFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credi ...More

DFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowers to use sanctioned credit limits for merchant payments through UPI. The move could widen digital access to formal credit for farmers and small businesses, with more banks expected to join. ...Less

UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and deb ...More

UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their previous positions in this sector. The digital payments market continues to expand, with UPI capturing much of this growth. Proposed changes may introduce nominal charges on select higher-value UPI merchant transactions. ...Less

India's banking system liquidity surplus has reached its highest point in over four years. This surge is ...More

India's banking system liquidity surplus has reached its highest point in over four years. This surge is attributed to record forex-inflow programs, easing short-term interest rates significantly. Experts anticipate this surplus will moderate by the third quarter of FY27 due to seasonal factors. The central bank is currently managing excess funds through temporary reverse repo operations. ...Less

PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and pr ...More

PhonePe has shared its ambitious ten-year strategy aimed at transforming India's digital landscape and promoting financial inclusion. By eliminating obstacles like the necessity for smartphones or bank accounts, the company plans to facilitate broader access to digital finance. With innovative solutions like UPI 123Pay and UPI Circle, PhonePe is also making wealth building simpler through daily savings and investment choices, while enhancing credit availability and equipping merchants with advanced tools. ...Less

SBM Bank India is considering selling a twenty-six percent stake to raise expansion funds. The bank has a ...More

SBM Bank India is considering selling a twenty-six percent stake to raise expansion funds. The bank has appointed a consultant and is currently at the Expression of Interest stage. The parent company recently infused seventy-five crore rupees and will provide more capital. SBM Bank India aims for significant credit growth and is strengthening its digital wealth offerings. ...Less

SBM Bank India is exploring a twenty-six percent stake sale to fund its expansion plans. The bank has app ...More

SBM Bank India is exploring a twenty-six percent stake sale to fund its expansion plans. The bank has appointed a consultant and is currently at the Expression of Interest stage. Parent entity has infused capital, and another infusion is expected this month. SBM Bank India aims for significant credit growth and is expanding its branch network. The bank is also strengthening its digital wealth proposition with a new investment platform. ...Less

CA Nitin Kaushik shared eight money habits that can help people build financial stability without earning ...More

CA Nitin Kaushik shared eight money habits that can help people build financial stability without earning a huge salary. He recommends tracking income and expenses, saving before spending, maintaining an emergency fund, avoiding lifestyle inflation, clearing expensive debt, automating financial commitments, protecting existing wealth and giving every extra rupee a purpose. His core message: financial security comes from consistently repeating smart money habits. ...Less

Manipal Payment and Identity Solutions plans a ₹320 crore fresh issue for capacity expansion. The company ...More

Manipal Payment and Identity Solutions plans a ₹320 crore fresh issue for capacity expansion. The company's promoter stake will decrease to 53% after the initial public offering. Growing card issuance and demand for identity solutions are expected to benefit the business. However, potential regulatory changes in payments could increase compliance costs for the firm. The issue is deemed suitable for long-term investors with a higher risk tolerance. ...Less

Maharashtra is progressing towards becoming India's first tokenised state. The proposed DELTA Act will cr ...More

Maharashtra is progressing towards becoming India's first tokenised state. The proposed DELTA Act will create a legal framework for blockchain tokenisation. This initiative aims to simplify access and review of land records. Ordinary citizens will gain liquidity from their land and other assets. The state seeks to advance through these new technological initiatives. ...Less

RBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and ins ...More

RBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and insurance. Technology must expand formal credit access for underserved borrowers, he stated. Algorithms should not replace human accountability for financial decisions made by lenders. Regulated entities remain responsible for services delivered under their names. ...Less

A Reddit user refused when his neighbour asked him to let his cousin buy an iPhone using his credit card ...More

A Reddit user refused when his neighbour asked him to let his cousin buy an iPhone using his credit card on a 12-month EMI. Bengaluru CA Meenal Goel reacted to the incident, warning about the growing focus on monthly affordability. She pointed out that consumers often ask whether they can pay Rs 10,000 a month instead of whether they should spend Rs 1.2 lakh, highlighting the risks of EMI-driven spending. ...Less

GIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty ...More

GIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) deposits under a swap facility. International Financial Services Centres Authority highlighted strong performance in foreign-currency mobilization. Indian banks also raised eleven billion dollars through bond listings on IFSC exchanges. These developments connect global capital pools with India's financing needs. ...Less

True Balance now uses AI for loan applications, retaining human review for some cases. This approach help ...More

True Balance now uses AI for loan applications, retaining human review for some cases. This approach helps assess borrowers with limited credit histories effectively. The company has seen approval rates increase and defaults decrease significantly. Alternative data, like FASTag activity, supplements traditional credit scores for better profiles. ...Less

TCI Express CEO Chander Agarwal lost his Singapore lawsuit seeking S$468,090 (about Rs 3.53 crore) from f ...More

TCI Express CEO Chander Agarwal lost his Singapore lawsuit seeking S$468,090 (about Rs 3.53 crore) from former girlfriend Felicia Lee after their breakup. Agarwal claimed the money was given as loans, but the High Court ruled that most of the spending, including credit card charges, overseas trips, feng shui services and an executive programme, constituted gifts. ...Less

BharatPe has launched an agentic AI assistant for merchants, which can perform actions across many live s ...More

BharatPe has launched an agentic AI assistant for merchants, which can perform actions across many live systems. This new assistant understands merchant needs and interaction history to provide better support. The company also introduced Credit Coach, an AI tool offering personalised credit health insights. ...Less

A 29-year-old Bengaluru man earning a combined ₹2.5 lakh a month after taxes says he has lost nearly 95% ...More

A 29-year-old Bengaluru man earning a combined ₹2.5 lakh a month after taxes says he has lost nearly 95% of his savings after spending heavily on a ₹35 lakh home renovation and a wedding costing more than ₹30 lakh. With a car loan, personal loan and around ₹70,000 in monthly credit card spending, he turned to Reddit for advice. Users suggested stopping credit card spending, pausing SIPs temporarily, clearing high-cost debt and building an emergency fund. ...Less

healthy demand Industry card additions rise 11.5% over June; Card spends hold above ₹2 lakh-crore mark; T ...More

healthy demand Industry card additions rise 11.5% over June; Card spends hold above ₹2 lakh-crore mark; Transaction volumes surge but the value per transaction declines ...Less

India's gold lending industry is projected to witness approximately 28 per cent compound annual growth ra ...More

India's gold lending industry is projected to witness approximately 28 per cent compound annual growth rate (CAGR) over FY26-28E, driven by the formalisation of credit and low monetization of household holdings, according to a report by Motilal Oswal. The segment has now overtaken personal loans to rank as the second-largest consumer lending category for banks and non-banking financial companies (NBFCs), standing behind home loans. ...Less

Lollapalooza India 2027 ticket price: Lollapalooza India 2027 tickets are on sale from September 2, with ...More

Lollapalooza India 2027 ticket price: Lollapalooza India 2027 tickets are on sale from September 2, with Early Bird bookings beginning at 11 am IST. The two-day festival will be held on January 23-24 at Mumbai’s Mahalaxmi Race Course, with tickets starting at ₹6,999. British singer Olivia Dean is confirmed, while the full lineup is yet to be announced. ...Less

The Economic Times Product of the Year Awards 2026 are evolving their focus from mere launch promises to ...More

The Economic Times Product of the Year Awards 2026 are evolving their focus from mere launch promises to tangible post-market success. This year, the awards will highlight products excelling in consumer adoption, engagement, and performance across 17 varied categories. By emphasizing real-world impacts such as financial behaviors, tech utilities, and healthcare improvements, these awards celebrate innovations that genuinely address consumer needs and create enduring value. ...Less

A Bulandshahr man who ordered an iPhone 14 Pro from Flipkart for Rs 1.43 lakh received a fake Chinese pho ...More

A Bulandshahr man who ordered an iPhone 14 Pro from Flipkart for Rs 1.43 lakh received a fake Chinese phone with a counterfeit Apple logo instead. After Flipkart rejected his return requests five times and his legal notice was returned undelivered, the Bulandshahr consumer commission ruled the company guilty of deficiency in service and unfair trade practice, ordering a full refund with interest plus compensation, taking his total recovery to about Rs 1.7 lakh. ...Less

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The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as Pho ...More

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquiring bank would take 30% each. On a 40 bps MDR, that works out to roughly 16 bps for the bank and 12 bps each for the app and the acquirer. One basis point equals 0.01%, so a 40 bps MDR translates to a fee of 0.4% on the transaction value. ...Less

In Dallas, Republicans gathered to strategize for the upcoming November elections while aiming to maintai ...More

In Dallas, Republicans gathered to strategize for the upcoming November elections while aiming to maintain their hold on Congress. Donald Trump took the stage, rallying support for the party by emphasizing crucial proposals like tax cuts and reduction in spending. Meanwhile, Democrats criticized the Republican agenda and raised concerns about the ethics of the Trump administration, as the party navigates economic uncertainty amid challenging midterm historical patterns. ...Less

WhatsApp launched bill payments in India on September 3, 2026. This feature allows users to pay household ...More

WhatsApp launched bill payments in India on September 3, 2026. This feature allows users to pay household and utility bills directly within the app. The service is powered by the Bharat Bill Payment System network. Users can access over 22,000 billers across 30 categories for payments. Meta India aims to make bill payments as effortless as sending a message. ...Less

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the ...More

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame? ...Less

British banks are stepping up their game by putting forth more higher-risk assets as collateral at the Ba ...More

British banks are stepping up their game by putting forth more higher-risk assets as collateral at the Bank of England. This action marks a notable increase in the use of top-risk collateral, reaching levels not seen since March 2020. Unlike the European Central Bank, the central bank is willing to accept loan-backed securities, ensuring that it safeguards its interests through stringent risk management strategies. ...Less

US military branches have disabled advertising trackers on various devices. This action follows reports o ...More

US military branches have disabled advertising trackers on various devices. This action follows reports of location data targeting American forces in the Middle East. The Air Force and Special Operations Command confirmed disabling these identifiers on their systems. The Army also stated that mobile device advertising IDs were disabled earlier this year. These efforts aim to counter national security risks from commercial location data. ...Less

India aims to export digital financial services leveraging its fintech expertise. This expansion moves be ...More

India aims to export digital financial services leveraging its fintech expertise. This expansion moves beyond traditional IT and professional services exports. Fintech solutions like UPI demonstrate India's capability for global adoption. Digital lending and e-commerce exports also present significant international opportunities. India's government supports these ventures through various initiatives and agreements. ...Less

Standard Chartered and DBS Bank India recorded the sharpest contractions. The former's card base fell 28% ...More

Standard Chartered and DBS Bank India recorded the sharpest contractions. The former's card base fell 28% to 581,000, a fall of 227,000 cards, while expenditure fell nearly 18% to Rs 693 crore in June. DBS' India portfolio contracted 29% to 310,000 cards, while expenditure fell 18% to Rs 338 crore. ...Less

Zerodha’s merchant banking licence application has received Sebi clearance, enabling its expansion into i ...More

Zerodha’s merchant banking licence application has received Sebi clearance, enabling its expansion into investment banking after formal registration. The move broadens its financial services portfolio, strengthens its capital markets presence and positions the broker to support companies raising funds through IPOs. ...Less

Punjab National Bank and the Indian Army have signed an exclusive memorandum of understanding. This partn ...More

Punjab National Bank and the Indian Army have signed an exclusive memorandum of understanding. This partnership will offer two specialised credit cards for Army personnel. These cards provide benefits like cashback and airport lounge access. The PNB Parakram Credit Card features an environmentally friendly biodegradable design. ...Less

Indian nationals in the UAE face warnings from their consulate regarding fraudulent agents. These agents ...More

Indian nationals in the UAE face warnings from their consulate regarding fraudulent agents. These agents offer services for visa regularisation and exit permits, demanding personal information. Scammers misuse biometric data for unauthorized financial transactions and loans. Victims could face fines, travel bans, and potential jail time for unknown debts. Citizens should only provide biometrics at official government facilities and report suspicious activities. ...Less

Bank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-f ...More

Bank credit to industry grew by twenty percent in July, while agriculture advances expanded faster. Non-food bank credit saw nineteen point one percent growth year-on-year. Large and medium industries experienced accelerated credit growth, and micro and small industries showed steady expansion. Services sector credit grew by twenty-two point nine percent, supported by financial companies and trade. ...Less

Happy Monday! Online festive shopping is set to hit a new high this year. This and more in today’s ETtech ...More

Happy Monday! Online festive shopping is set to hit a new high this year. This and more in today’s ETtech Morning Dispatch. ...Less

Scott Larsen followed his father into the New York City Fire Department after his death on September 11th ...More

Scott Larsen followed his father into the New York City Fire Department after his death on September 11th. Dr. Michael Crane dedicated his career to aiding rescue workers affected by the disaster. Michael Tuohey reflects on his role in checking in two of the hijackers for their flight. These individuals' lives were profoundly shaped by the unprecedented attacks. ...Less

Household savings are increasingly held in financial assets, not physical ones. This shift creates a sign ...More

Household savings are increasingly held in financial assets, not physical ones. This shift creates a significant mismatch for long-term investment needs. Banks face a growing deposit-to-credit gap as savings move away from traditional accounts. India requires deeper long-term debt markets to finance its ambitious growth plans. Fixing this financial architecture is central to the nation's next growth phase. ...Less

At a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in t ...More

At a time when a statement or missile can cause unexplained volatility, expecting rational behaviour in the equity markets is probably expecting too much. But the fact is that rationality finally prevails. And it has to do with earnings and fundamentals and macro-economic order. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR Plus Reports is a complimentary offering to ETPrime members. ...Less

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His ...More

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His accounts and cards were reactivated after submitting required KYC documents to the bank. The court noted that banks should provide notice before blocking customer accounts. The bank stated that Banerjee's account was blocked due to high-risk factors and third-party data. Banerjee's lawyer argued that partial freezing requires repeated reminders and phased action. ...Less

USCIS has updated Form I-864, the Affidavit of Support, effective August 31. The revised form includes a ...More

USCIS has updated Form I-864, the Affidavit of Support, effective August 31. The revised form includes a privacy release for credit information verification. Sponsors with credit freezes must respond to USCIS requests to avoid delays. The income requirement remains the primary financial assessment tool for sponsors. This change provides USCIS an additional avenue to verify sponsor financial capabilities. ...Less

Axis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 20 ...More

Axis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 2026. Notably, the markup for dynamic currency conversion will jump to 3.5% from the previous rate of 1.5%. Furthermore, late payment fees for balances over Rs 50,000 will also go up. The bank also clarified that gift card purchases will alsonot contribute towards spends-based fee waiver calculations or milestonebenefits. ...Less

India's youngest generation now leads consumption spending with unique preferences. Gen Z's influence is ...More

India's youngest generation now leads consumption spending with unique preferences. Gen Z's influence is reshaping brand strategies and investment patterns significantly. This demographic is embracing early credit access and design-led purchases. Their spending power is projected to grow substantially in the coming years. Brands must adapt to evolving consumer behaviors and wider reach. ...Less

A Bengaluru techie earning Rs 1.8 lakh a month shared on Reddit how his father's sudden medical emergency ...More

A Bengaluru techie earning Rs 1.8 lakh a month shared on Reddit how his father's sudden medical emergency exposed his lack of liquid savings, despite aggressive SIP investments. With his credit card maxed out and mutual funds inaccessible, he scrambled to arrange cash via UPI at 1:30 am. Reddit users responded with advice on building emergency funds, prioritising health insurance and avoiding over-reliance on credit cards. ...Less

Skydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category c ...More

Skydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than competing on price. ...Less

The way things are panning out with the Gulf war, the probability of ever greater volatility in markets a ...More

The way things are panning out with the Gulf war, the probability of ever greater volatility in markets across the globe is high. And higher oil prices is bad news for the Indian economy as it can impact several sectors. So, it is perhaps better to think twice before taking positions in the stock market. And always remember this: Don't take any statement by any of the parties involved as gospel truth. ...Less

Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuati ...More

Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch. ...Less

India's Unified Payments Interface (UPI) system is now instrumental in aiding Nepal's disaster relief fun ...More

India's Unified Payments Interface (UPI) system is now instrumental in aiding Nepal's disaster relief fund donations. Donors in India can activate UPI International for easier contributions. This marks a new use case for UPI beyond tourist payments. Nepal's embassy requested activation for QR code donations. This development highlights UPI's growing global acceptance. ...Less

CA Nitin Kaushik explains why an emergency fund can be more valuable than investments during a financial ...More

CA Nitin Kaushik explains why an emergency fund can be more valuable than investments during a financial crisis. While Rs 50,000 remains Rs 50,000, having cash readily available can prevent debt, forced investment withdrawals and stressful decisions. He recommends gradually building savings from one month to six months of essential expenses, depending on income stability, responsibilities and financial commitments. ...Less

Global illicit money flows reached $4.4 trillion in 2025, growing faster than the world economy. Organize ...More

Global illicit money flows reached $4.4 trillion in 2025, growing faster than the world economy. Organized crime and corruption alone accounted for $2.78 trillion in 2025. India's economic offenses rose significantly, with financial losses mounting each year. Recovery rates remain low, and convictions under anti-money laundering laws are minimal. The judiciary is proactively addressing emerging digital scams and cross-border financial crime. ...Less

Rising U.S. government bond yields are driving up borrowing costs across the board, directly affecting ho ...More

Rising U.S. government bond yields are driving up borrowing costs across the board, directly affecting households, businesses, and government finances. Higher rates on mortgages and auto loans can dampen consumer spending and disrupt the housing market. Furthermore, companies will grapple with increased costs for new debt and projects, while global markets experience repercussions as U.S. Treasuries influence pricing worldwide. ...Less

The fintech-turned-bank has raised the money from existing backer Moore Strategic Ventures, the New York- ...More

The fintech-turned-bank has raised the money from existing backer Moore Strategic Ventures, the New York-based investment arm of the hedge fund Moore Capital Management; Peak XV-backed Neo Group, a Mumbai wealth and asset manager; and Japan-based investment fund Kado Global. ...Less

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Slice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more ...More

Slice Small Finance Bank has raised fresh funding at less than half its previous valuation. This and more in today's ETtech Top 5. ...Less

Tiny microplastics infiltrate even the most isolated ecosystems around the globe, posing serious threats ...More

Tiny microplastics infiltrate even the most isolated ecosystems around the globe, posing serious threats to wildlife health. These minuscule plastic pieces often mimic food, leading animals to ingest them, which can block their digestive tracts and lead to malnutrition. Current studies emphasize that the impact of these plastic pollutants has far-reaching consequences that affect the integrity of entire ecosystems, extending beyond just human health implications. ...Less

Investing, a wise man once said, is a journey; one that needs to be managed carefully. Remember two thing ...More

Investing, a wise man once said, is a journey; one that needs to be managed carefully. Remember two things: One, there is never a “perfect time” to invest – what matters is what you invest in. And two, don’t try to time the market. So, stay focused on companies that have managements with the experience of dealing with difficult situations. The thing, though, is that we are in a geopolitical scenario that gets increasingly difficult with each passing hour. ...Less

Rao said the technology is the industry’s first demonstration of a staggered complementary field-effect t ...More

Rao said the technology is the industry’s first demonstration of a staggered complementary field-effect transistor, or CFET, architecture at the 0.7nm node. Unlike conventional designs in which n-type and p-type transistors sit next to one another, CFETs seek to place them on top of each other, enabling greater density within the same silicon area. ...Less

Students at Duke University embarked on an innovative project, transforming everyday household plastic wa ...More

Students at Duke University embarked on an innovative project, transforming everyday household plastic waste into strong building bricks. Their cost-effective approach utilized widely available plastics, such as PET and HDPE, which exhibited superior strength and insulation compared to traditional materials. A related study revealed that walls made from these plastic bricks exceeded the performance of standard clay bricks. ...Less

India’s festive season is expected to drive a strong consumption boost, with analysts identifying sectors ...More

India’s festive season is expected to drive a strong consumption boost, with analysts identifying sectors and stocks that could benefit. The period from Ganesh Chaturthi through Navratri, Dussehra, Dhanteras, Diwali and the wedding season typically brings higher footfalls, orders, ticket sizes and margins. ...Less

Deal-making momentum is driven by available financing and open markets, while M&A activity focuses on lar ...More

Deal-making momentum is driven by available financing and open markets, while M&A activity focuses on large strategic deals. Private credit has seen a correction, which is seen as healthy for markets. High US yields influence sponsor math, but monetization and exits remain key constraints. Hyperscalers' AI financings involve third-party capital, assessing cash flows and guarantees. Companies are given leeway on AI spending, with accountability expected by 2027. ...Less

HDFC Bank has accelerated its search for a successor to CEO Sashidhar Jagdishan, who will not seek an ext ...More

HDFC Bank has accelerated its search for a successor to CEO Sashidhar Jagdishan, who will not seek an extension, with an executive search firm likely to be appointed this week. The bank is considering both internal and external candidates, including deputy MD Kaizad Bharucha, executive director V. Srinivasa Rangan, former SBI chairman Dinesh Khara, Axis Bank CEO Amitabh Chaudhry and other senior bankers. ...Less

HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executi ...More

HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executive search firm soon. Several internal and external candidates are being considered for the top position. The new leader will focus on restoring investor confidence and driving growth. This succession occurs as the bank navigates a crucial leadership transition. ...Less

A status match essentially allows one loyalty programme to recognise your credentials from another. Inste ...More

A status match essentially allows one loyalty programme to recognise your credentials from another. Instead of spending 50 nights at a hotel chain or flying dozens of sectors with an airline to reach elite status, you show that another company already considers you a valuable customer. The new programme may then grant you equivalent status, usually for a limited period. ...Less

Sidbi achieved a record net profit of Rs 5,493 crore in FY26. Its balance sheet and asset base saw signif ...More

Sidbi achieved a record net profit of Rs 5,493 crore in FY26. Its balance sheet and asset base saw significant growth during the financial year. Loans and advances increased by seventeen percent, reflecting strong business expansion. The bank maintained stable asset quality with a low gross NPA ratio. Sidbi also approved a twenty percent dividend for its shareholders for FY25. ...Less

CBSE has reopened the CTET 2026 application window from August 25 to September 1, giving eligible candida ...More

CBSE has reopened the CTET 2026 application window from August 25 to September 1, giving eligible candidates who missed the earlier registration deadline another opportunity to apply. The 22nd edition of the Central Teacher Eligibility Test can now be applied for online, while the revised examination date will be announced after the extended application window closes. ...Less

The Indian rupee strengthened significantly on Tuesday, gaining 33 paise. This appreciation occurred as o ...More

The Indian rupee strengthened significantly on Tuesday, gaining 33 paise. This appreciation occurred as oil prices retreated and the Reserve Bank of India sold dollars. The rupee closed at 95.41, trading between 95.40 and 95.75 during the session. Oil prices fell more than three percent, influenced by US sanctions on Iran. Domestic markets will be closed Wednesday for a holiday. ...Less

Homebuyers should assess their monthly surplus before applying for a home loan. An affordable EMI fits co ...More

Homebuyers should assess their monthly surplus before applying for a home loan. An affordable EMI fits comfortably after essential expenses and savings. Lenders assess repayment capacity, but your budget dictates the actual limit. Use an EMI calculator to test loan amounts and tenures for affordability. This ensures your EMI aligns with your financial goals and cash flow. ...Less

The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the ban ...More

The chairman of the State Bank of India underscores the nation's economic resilience, emphasizing the bank's robust standing in the financial sector. With a growth forecast of 7.5% and inflation consistent with RBI predictions, SBI is gearing up for a remarkable 14-15% rise in credit, driven by retail and SME sectors. The bank is also focusing on enhancing its fee income while aiming for a 1% return on assets. ...Less

Though the integration of temporary faculty reduces the teaching burden for the university’s permanent st ...More

Though the integration of temporary faculty reduces the teaching burden for the university’s permanent staff, the former often get the short end of the stick due to large pay disparities, a lack of medical, retirement, and increment benefits offered to regular staff, as well as higher workloads. An uncertain and low income from a temporary teaching job in a college requires prudent handling of one’s finances. Find out how to do it. ...Less

The Calcutta High Court granted protection to TMC MP Abhishek Banerjee. Police cannot take coercive measu ...More

The Calcutta High Court granted protection to TMC MP Abhishek Banerjee. Police cannot take coercive measures or interrogate him in three cases. Banerjee must seek permission before traveling abroad for medical treatment. He must cooperate with the ongoing investigation and comply with notices. The court will review progress reports on November 23. ...Less

The mortgage portfolio of State Bank of India is set to hit a monumental Rs 10 lakh crore this quarter, h ...More

The mortgage portfolio of State Bank of India is set to hit a monumental Rs 10 lakh crore this quarter, highlighting its robust role in the housing finance sector with 28 percent market share in home loans. SBI is dedicated to ensuring home loans are readily available to customers nationwide through extensive processing facilities. ...Less

As passive investing gains traction, ETFs and index funds are at the forefront of investors' minds. ETFs, ...More

As passive investing gains traction, ETFs and index funds are at the forefront of investors' minds. ETFs, which trade on exchanges similarly to stocks, usually have lower fees but can incur trading expenses. On the other hand, index funds appeal to those looking for a more effortless investment approach over the long haul. ...Less

We normally don’t dwell on F&Os in this space. However, it is good to know that, in the current circumsta ...More

We normally don’t dwell on F&Os in this space. However, it is good to know that, in the current circumstances, an upmove in the indices and certain key stocks could be because of short-covering. They are usually sharp and may seem like a market recovery, but may not actually be one. Any sustainable recovery will have market breadth; without that, it is suspect. ...Less

When it comes to the banking sector, one should, at this point of time, give some leeway in terms of cred ...More

When it comes to the banking sector, one should, at this point of time, give some leeway in terms of credit growth. The more important thing to watch for in individual banks is the growth of their digital footprints. If that number is not going up, it can be a cause for concern. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

Emergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a ret ...More

Emergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a return after the collapse of Dunzo. The jury recognised his second act with AI startup Emergent, which recently raised $230 million at a $1.5 billion valuation and built more than 12 million applications through its AI-powered platform. ...Less

A salary hike can quickly disappear into higher EMIs, credit card spending, BNPL purchases and lifestyle ...More

A salary hike can quickly disappear into higher EMIs, credit card spending, BNPL purchases and lifestyle upgrades. CA Nitin Kaushik advises using an increment to strengthen your finances first. After paying minimums on all debts, he suggests attacking the highest-interest debt, freeing monthly cash flow and then increasing investments. With credit cards charging far more than home loans, aggressively prepaying low-cost debt while carrying expensive debt may not make financial sense. ...Less

Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, ...More

Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, raising potential credit risks for lenders. The trend is most visible in commercial vehicle finance, where borrowers with two or more loans rose to 19.9% in June from 15.7% a year earlier. ...Less

The Economic Times Product of the Year Awards 2026 are designed to highlight products delivering sustaine ...More

The Economic Times Product of the Year Awards 2026 are designed to highlight products delivering sustained value and setting benchmarks across business and consumer markets. With 27 categories spanning Enterprise, Commercial, and three Horizontal awards like 'Make in India' and 'Sustainable Product', the awards recognize innovation that solves real problems and drives market evolution. These accolades celebrate products that go beyond features to earn trust and define future trends. ...Less

The expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex ...More

The expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex mark-up on credit cards can significantly inflate overseas purchases. Opting for zero forex mark-up cards provides considerable savings for those who travel often. As consumers assess credit cards based on avoided costs and enhanced experiences, grasping these transaction economics becomes essential for more informed global spending. ...Less

Kotak Mahindra Bank has been ordered to pay Rs 1.5 lakh in compensation after the Delhi State Consumer Di ...More

Kotak Mahindra Bank has been ordered to pay Rs 1.5 lakh in compensation after the Delhi State Consumer Disputes Redressal Commission found it raised a demand of Rs 19,788 against a customer who had already cleared all 12 EMIs totalling nearly Rs 45,000 for a Samsung TV purchase, and then threatened to damage his CIBIL score when he refused to pay. ...Less

India has directed Google to remove hundreds of accounts on its Firebase platform after officials found s ...More

India has directed Google to remove hundreds of accounts on its Firebase platform after officials found scammers using the service to impersonate banks, distribute malware and steal financial information. The crackdown highlights growing concerns over cyber fraud as criminals exploit widely used digital tools to target India's expanding online payments ecosystem. ...Less

The government is discussing a 50 basis point reduction in interest subvention for Kisan Credit Card loan ...More

The government is discussing a 50 basis point reduction in interest subvention for Kisan Credit Card loans. This move aims to align subsidies with recent policy rate cuts by the Reserve Bank of India. Banks currently receive a 1.5% subsidy to offer loans at a 7% interest rate. Discussions are preliminary and part of extending the scheme until 2031-32. Farmers repaying promptly will continue to receive additional interest benefits. ...Less

The iPhone 17 Pro Max 256GB can cost Rs 77,800 on Flipkart using an exchange offer and bank discount.Flip ...More

The iPhone 17 Pro Max 256GB can cost Rs 77,800 on Flipkart using an exchange offer and bank discount.Flipkart has listed the iPhone 17 Pro Max 256GB at Rs 1,47,900, with eligible buyers able to bring the effective price down to Rs 77,800 through an exchange offer and Flipkart Axis Bank Credit Card discount. The deal includes up to Rs 63,100 exchange value for an eligible iPhone 16 Pro Max, while the flagship features a 6.9-inch OLED display and triple 48MP cameras. ...Less

Marriott sees India as a key growth market, planning significant expansion and new hotel openings. The co ...More

Marriott sees India as a key growth market, planning significant expansion and new hotel openings. The company is adapting its brands and products to suit Indian consumer preferences. Innovation is a focus, with India serving as a testing ground for new initiatives. Artificial intelligence is being integrated into operations to enhance efficiency and guest experiences. Marriott remains committed to long-term growth and adapting to evolving travel trends globally. ...Less

With the rise of contactless card theft, many individuals are seeking effective measures to safeguard the ...More

With the rise of contactless card theft, many individuals are seeking effective measures to safeguard their finances. One easy solution is to wrap cards in aluminium foil, which can effectively block unwanted radio waves. Although this method doesn't provide absolute security, it certainly adds an essential layer of protection. Furthermore, it's crucial to routinely monitor bank statements to catch any fraudulent activities early on. ...Less

Online scams have become one of India's most pressing law enforcement challenges, with Indians losing nea ...More

Online scams have become one of India's most pressing law enforcement challenges, with Indians losing nearly $2.4 billion in alleged cyber fraud in 2025, according to government data. For years, the government has gone after scammers by ordering their websites removed. ...Less