India Tops Global UPI Payments
Your daily dose of business news
🗞️ India Tops Global Fast Payments: IMF
India now makes faster payments than any other country thanks to UPI, says the IMF, highlighting the transformative impact of India’s digital infrastructure.
💬 Expert Take:
"UPI has become India’s digital backbone, driving both financial inclusion and innovation."
— Ananya Gupta, Fintech Analyst, PayInsights
🗞️ NIIF Eyes $700M First Close for Private Markets Fund II
National Investment and Infrastructure Fund (NIIF) is set to make a $700 million first closure of its new $1 billion private markets fund to back growth-stage firms.
🗞️ HUL Appoints Priya Nair as New CEO & MD
Hindustan Unilever has named Priya Nair as its next CEO & MD, succeeding Rohit Jawa, as the FMCG giant focuses on sustaining growth momentum.
🗞️ Canara Bank Withdraws Fraud Tag on Anil Ambani Loan
Canara Bank has officially withdrawn its fraud classification on Anil Ambani’s Reliance Communications loan account.
🗞️ SBI Plans ₹25,000 Cr Share Sale
State Bank of India is planning a ₹25,000 crore share sale, potentially launching as soon as next week, to bolster capital adequacy.
💬 Expert Take:
"Large capital raises by PSU banks signal confidence in lending expansion and balance sheet strength."
— Rahul Mehta, Banking Research Head, FinView Capital
🗞️ Manipal Health Buys Sahyadri Hospitals for ₹6,400 Cr
Manipal Health has acquired Sahyadri Hospitals for ₹6,400 crore, strengthening its position in India’s private healthcare market.
🗞️ Amazon Launches 10-Minute Delivery in Delhi
Amazon India has kicked off 10-minute grocery delivery in Delhi, ramping up its quick-commerce game against Swiggy and Zepto.
🗞️ LIC Stake Sale: Govt May Offload Minority Stake
The government is likely to sell a minority stake in LIC to raise funds, after last year’s partial listing of the insurance giant.
📊 Market Updates
📈 Sensex: 83,712.51 ▲ +270.01 (+0.32%)
📈 Nifty 50: 25,522.50 ▲ +61.20 (+0.24%)
💵 USD/INR: ₹85.65 — rupee gains ~0.23% on softer crude & dollar weakness
🛢️ Brent Crude: $69.97 (range-bound after tariff announcements)
🪙 Bitcoin: ~unchanged around $109,000 (Asia held back by trade uncertainty)
🪙 Gold (24K): ₹97,100–97,400/10g across cities, down ~0.2% from last session