Tag: Finance
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GIFT City Budget Proposal: Exemption for VC Funds
In a significant move to bolster investment and streamline regulatory processes, the recent budget proposal has granted an exemption to Venture Capital (VC) funds operating within Gujarat International Finance Tec-City (GIFT City). The exemption specifically pertains to the disclosure of…
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India’s Manufacturing Sector Maintains Strong Growth in July
India’s manufacturing sector showcased robust growth in July, as indicated by the HSBC India Manufacturing Purchasing Managers Index (PMI). The PMI is a critical indicator of the economic health of the manufacturing sector. It is derived from monthly surveys of…
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India’s FI-Index Rises to 64.2: A Positive Trend for Financial Inclusion
In March 2024, the Reserve Bank of India (RBI) reported a significant rise in the Financial Inclusion Index (FI-Index), reaching 64.2. This development underscores the country’s progress in expanding access to financial services and promoting inclusive economic participation. Understanding the…
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Direct Tax Collections Surge in FY25: A Positive Trend for India’s Economy
In the fiscal year 2024-25 (FY25), India witnessed a remarkable surge in net direct tax collections, reflecting the country’s economic resilience and recovery. According to official data, the net direct tax collection increased by an impressive 19.54%, reaching ₹5.74 lakh…
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Hyundai’s IPO: A Boost for Indian Businesses and Investors
Hyundai’s proposed public issue involves its Korean parent company selling a 17.5% stake in the Indian subsidiary, raising up to $3 billion. This repatriation of capital is not expected to adversely impact India’s foreign exchange reserves or exchange rate. For…
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Banking on Convenience: New Cards Cater to Specific Needs
IndusInd Bank makes a two-pronged attack on niche markets with its latest credit card offerings. Targeting government employees, the Samman RuPay Credit Card seamlessly blends traditional credit perks with the ease of UPI payments. Expect cashback, reward points, movie tickets,…
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Revolutionizing NBFCs: A Breakdown of RBI’s Scale Based Regulation Directions 2023
Revolutionizing NBFCs: A Breakdown of RBI’s Scale Based Regulation Directions 2023 The recent regulatory shakeup introduced by the Reserve Bank of India (RBI) through the Scale Based Regulation (SBR) Directions 2023 is reshaping the landscape for Non-Banking Financial Companies (NBFCs).…
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The Fall of Zest Money
Theme Covered in the article From Inception to Contraction: ZestMoney’s Rise and Fall Founded in 2015 with an initial seed funding of USD 2 million, ZestMoney quickly made a mark by utilizing artificial intelligence and machine learning for e-commerce consumer…