India’s Venture Debt Booms
Your daily dose of business news
🗞 NPCI Expands AI Use for Safer Digital Transactions
The National Payments Corporation of India (NPCI) is boosting AI adoption to enhance security in digital transactions and detect fraud more effectively.
📌 Expert Opinion: Financial experts believe AI-powered fraud detection will significantly improve transaction safety in India's growing digital economy.
🗞 India’s Venture Debt Market Grows at 58% CAGR
India’s venture debt market has surged to $1.23 billion in 2024, as startups seek alternative funding options.
🗞 RBI May Roll Over Net Short Positions to Manage Liquidity
To balance liquidity, the RBI might roll over its short positions, maintaining a cautious stance on money supply.
🗞 CAG Report: BSNL Lost ₹1,757 Crore by Not Billing Jio for Infra Sharing
The Comptroller and Auditor General (CAG) revealed that BSNL failed to bill Reliance Jio for infrastructure sharing, leading to a loss of ₹1,757 crore.
🗞 Unified Pension Scheme Now Available for NPS Subscribers
The government has opened the Unified Pension Scheme for National Pension System (NPS) subscribers, aiming to streamline retirement benefits.
🗞 Govt Issues 67 Tranches of Sovereign Gold Bonds Till FY25
The Sovereign Gold Bond (SGB) scheme has seen 67 tranches issued, highlighting its role as a key gold investment alternative.
🗞 Bharat Electronics Shares Drop 5% on Order Miss
Shares of Bharat Electronics Ltd (BEL) fell 5% after the company missed its FY25 order inflow guidance.
📌 Expert Opinion: Market analysts suggest that while order delays are a concern, BEL's long-term prospects remain strong due to its defense sector exposure.
🗞 FIIs Pull ₹10,000 Crore from Indian Stocks Amid Trump Tariff Fears
Foreign Institutional Investors (FIIs) have withdrawn ₹10,000 crore from Indian equities due to concerns over potential U.S. tariff hikes under Donald Trump.
📊 Market Updates
📈 Sensex: Closed at 76,617.44, up 592.93 points (0.78%)
📈 Nifty 50: Ended at 23,332.35, rising 166.65 points (0.72%)
💱 USD/INR: Settled at ₹85.4240 per US dollar
🥇 Gold : Priced at ₹90,921 per 10 grams
🛢️ Crude Oil: U.S. crude futures fell over 2%, dipping below $70 per barrel