In a landmark statement highlighting India’s ambitious economic reforms, Civil Aviation Minister Kinjarapu Rammohan Naidu has declared that Gujarat’s GIFT City will unlock an annual opportunity worth USD 5 billion for the domestic aviation industry. His remarks come amidst continued policy focus to establish GIFT City as a globally competitive financial hub and transform India’s…
In a major decision aimed at enhancing formal credit access for farmers and micro, small, and medium enterprises (MSMEs), the Reserve Bank of India (RBI) has issued a fresh notification permitting banks to accept voluntary pledges of gold and silver as collateral for extending loans under agriculture and MSME categories. This move comes amidst the…
India’s global capability centres (GCCs) are set for transformational growth, evolving from traditional back-office units to strategic hubs driving innovation, according to Andrea Zimmerman, Senior Vice President, Enterprise Risk and Chief Information Security Officer at Target Corporation. In her recent India visit, Zimmerman outlined her vision for Target’s Bengaluru GCC and shared insights on how…
Amazon India’s quick commerce operations are poised for exponential growth, described as a “hockey stick growth curve” by Samir Kumar, CEO of Amazon Fresh and Quick Commerce. The remark comes amid intensifying competition in India’s hyperlocal delivery market, with players like Blinkit, Swiggy Instamart, Zepto, and Reliance-backed Dunzo making aggressive expansion moves in metros and…
India’s quick commerce giant Zepto is reportedly in advanced talks to raise up to $500 million at a valuation of around $7 billion, underlining the sector’s dramatic resurgence and investor optimism. According to market insiders, the Mumbai-based unicorn has initiated discussions with leading global investors to fuel its aggressive expansion and tech integration plans. Key…
Manipal Hospitals, one of India’s largest healthcare chains, has acquired Pune-based Sahyadri Hospitals from Ontario Teachers’ Pension Plan Board (OTPP) in a deal valued at $760 million (approximately ₹6,300 crore). This strategic move marks Manipal’s aggressive expansion into Maharashtra, strengthening its foothold in western India’s competitive private hospital market. Key highlights of the acquisition Background…
In a potentially significant development for India’s equity derivatives market, the Securities and Exchange Board of India (SEBI) is reportedly considering shifting the weekly expiry of index options to a fortnightly schedule to reduce speculative activity, volatility, and systemic risk. This regulatory move, if implemented, could have wide-ranging implications for traders, brokers, and market liquidity….
India’s services sector has emerged as the backbone of the country’s economic growth, registering robust expansion across IT, financial services, tourism, healthcare, logistics, and emerging technology-driven sub-segments. As the government intensifies efforts to achieve its $5 trillion economy vision by FY28, the role of services is becoming increasingly pivotal, contributing over 54% to GDP and…
Hindustan Copper Limited (HCL), the country’s sole vertically integrated copper producer under the Ministry of Mines, is set to restart its Kendadih and Rakha mines in Jharkhand’s East Singhbhum district as part of its broader plan to scale up domestic copper production and reduce India’s import dependency on this strategic base metal. Why Kendadih And…
In a major development in the multi-billion dollar Punjab National Bank (PNB) scam case, Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been arrested in the United States on the basis of an extradition request by India’s Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). The arrest, confirmed by official…
