The three global networks have so far not been allowed to use UPI as an underlying payments platform. RuPay credit card transactions on UPI currently account for 38% of all credit card transactions in India by volume and about 8% by value, shows data from a Bernstein Securities report on 27 October. The brokerage did…
India’s OTT audience base is now estimated at 601.2 million people, representing 41.1% of the country’s population, according to a recent report by media consulting firm Ormax. Growth has slowed to 10% between 2024 and 2025, below the 13-14% pace seen in the last two years as metros and tier-1 markets mature. Yet, connected TV…
The move comes as India’s clean mobility ecosystem gains traction through government incentives worth over ₹65,000 crore, spanning consumer subsidies and production-linked incentives (PLIs). Here’s a look at what China’s complaint is about, how India’s EV sector has evolved, and what happens next at the WTO. What are China’s concerns? China made more than 70%…
The discussions at the finance ministry are around a merger of Union Bank of India and Bank of India, both headquartered in Mumbai, said the first person mentioned above. If the merger goes through, it will create a state-run lender ranked second only after the country’s top bank by assets, State Bank of India. The…
People using 4G or 5G phones will soon be able to see the names of anonymous callers, a move designed to curb the menace of spam calls. The Department of Telecommunications (DoT) has written to the telecom regulator, informing it that operators have successfully completed trials of the calling name presentation (CNAP) service for 4G…
Loan-against-property lender Optimo Capital has raised $17.5 million in a new round of funding led by the startup’s founder Prashant Pitti with participation from existing investors Blume Ventures and impact venture capital firm Omnivore. Alongside the equity raise, the non-banking financial company, or NBFC, has also raised just under $12.5 million in debt from IDFC…
The central bank earlier this month announced a major overhaul of the ECB norms, significantly raising the amount corporates can borrow, scrapping cost caps on ECB rates, and easing restrictions on how the funds can be used. The new draft framework aims to simplify accessing the overseas market, proposing measures like higher per-tranche limits and…
India’s micro, small, and medium enterprises (MSME) sector displayed notable resilience during the July-September quarter, according to the latest MSME Outlook Survey released by the Small Industries Development Bank of India (SIDBI), despite facing tariff challenges imposed by the Trump administration. The survey confirmed sustained growth across the board, as all three key sectoral indices…
Mint reported on 25 June that NHAI has faced many such disputes in recent years, leading to a drop in highway project awards from 6,300 km in FY22 to about 4,000 km in FY25. Arbitration claims against NHAI have swelled to nearly ₹1 trillion as of March, which is roughly 40% of NHAI’s total liabilities,…
India imported the highest quantum of electrical sheets—a kind of speciality steel—from China, followed by Russia, for the six months ended September, steel ministry data shows. India made most of the payment for these imports through the dollar mechanism, but market participants told Mint that some rupee-rouble trade was also taking place. India bought around…