India’s tech startup ecosystem has experienced a notable surge in funding during the first quarter of the fiscal year 2025. With a total of ₹21,395 crore (US$ 2.5 billion) raised, this marks an 8.7% growth from the same period in 2024 and a 13.64% rise from the previous quarter. These figures position India as the …
As of March 2024, unclaimed deposits across Indian banks have amassed a staggering ₹78,213 crore, marking a 26% increase from the previous year. These funds, which have remained inactive for several years, belong to account holders or their nominees who have either forgotten or been unable to access them. To address this issue, banks are …
The Delhi government presented a ₹1 lakh crore budget for 2025–26 on March 25, marking a 31.5% increase from the previous year. This is the capital’s largest budget to date, with a focus on welfare schemes, infrastructure, and healthcare. Mahila Samriddhi Yojana: ₹5,100 Crore Allocation ₹5,100 crore has been allocated to the Mahila Samriddhi Yojana, …
On March 25, 2025, the BSE Sensex was up 0.042% at 78.017.19, while the Nifty 50 was up 0.044% at 23,668.65. The top gainers and losers for the day are: Top Gainers of the Day Symbol Open High Low LTP %chng VINYLINDIA 254.25 303.21 254.25 303.21 20 KEYFINSERV 252 299.37 245.9 299.37 20 HEG 434.6 …
As per a news report, Indian Railways, one of the world’s largest railway networks, is gearing up for a substantial increase in its capital expenditure (capex) for the fiscal year 2027 (FY27). According to a recent news report, the capex allocation is expected to rise by 15% to over ₹3 lakh crore, marking a significant …
On March 25, 2025, Indian benchmark indices ended marginally higher, trimming early gains after an initial surge of nearly 1%. Top Gainers and Losers On Tuesday, HDFC Bank advanced 0.89% to ₹1,816.00, with a market cap of ₹13,89,588.72 crores, while Infosys closed 1.66% higher at ₹1,619.25. In contrast, ICICI Bank declined 1.19% to ₹1,341.95, with a market cap of ₹9,48,211.10 crores. BSE stood …
Foreign Currency Non-Resident (FCNR-B) deposits have seen limited inflows even after the Reserve Bank of India (RBI) allowed banks to raise deposit rates by up to 150 basis points in December 2024. This was aimed at improving foreign currency inflows, with the relaxation in place until March 31, 2025. However, banks reported just $58 million …
The Department of Posts has introduced a new withdrawal feature under the Mahila Samman Savings Scheme (MSSC). As per an official directive issued on March 7, 2025, account holders can now withdraw up to 40% of their total deposit before the scheme’s maturity. This functionality is now active through the India Post Finacle system. Withdrawal …
The Indian government has urged public sector banks (PSBs) to expand their digital footprint-based credit assessment model for micro, small, and medium enterprises (MSMEs). This initiative aims to streamline credit flow and reduce dependency on traditional asset-based evaluations. Expansion of Digital Credit Model for MSMEs On March 6, a new credit assessment model was introduced …
The Securities and Exchange Board of India (SEBI) has announced the formation of a high-level committee to review conflict of interest regulations and disclosure norms related to property, investments, and liabilities of its board members and officials. The committee will present its recommendations within three months for SEBI’s consideration. Committee Formation and Composition SEBI Chairperson …
