RBI Eyes Bank Ad Ban
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🗞️ IREDA Plans ₹3,000 Cr Fundraise via QIP
IREDA is back in the spotlight as it plans to raise up to ₹3,000 crore through a Qualified Institutional Placement (QIP) in FY26 to fund its renewable energy lending push.
💬 Expert Take:
"IREDA’s fresh QIP shows solid market appetite for clean energy finance — positive for India’s green targets."
— Rohit Verma, Clean Energy Analyst
🗞️ NSDL IPO to Launch Next Week at $1.85 Bn Valuation
IDBI Bank & NSE-backed NSDL plans to raise $463 million via an IPO next week, valuing India’s largest depository at $1.85 billion.
🗞️ CoinDCX Hack: $44 Mn Stolen
Crypto exchange CoinDCX confirmed it lost $44 million in a recent hack, raising security concerns across India’s crypto ecosystem.
🗞️ RBI Proposes Ban on Third-Party Product Display
The RBI has proposed barring banks from showing third-party products on their digital channels to tighten consumer protection norms.
💬 Expert Take:
"This proposal could reshape banks’ cross-selling models — a bold but needed step for customer trust."
— Neha Bansal, Banking Policy Consultant
🗞️ Paytm Swings to Profit in Q1
Paytm posted a Q1 net profit, aided by AI-led cost savings and UPI growth. CEO Madhur Deora’s rejigged board aims to boost investor confidence.
🗞️ Govt: Revenue Shortfall Not a Worry
The government says it does not expect a revenue shortfall this fiscal and is on track to meet its fiscal deficit goals, per MoS Finance.
🗞️ Black Money Law: ₹35,105 Cr Recovered
The Finance Ministry filed 163 complaints and recovered ₹35,105 crore under the foreign black money law since its inception.
🗞️ Corporate Tax Revenue Loss at ₹99,000 Cr
Corporate tax exemptions cost the exchequer ₹99,000 crore in FY24 — highlighting the trade-off between incentives and revenue.
📊 Market Updates
📈 Sensex: 83,820.35 ▲ +0.20%
📈 Nifty 50: 25,605.70 ▲ +0.18%
💵 USD/INR: ₹86.37 ▼ slightly weaker
🪙 Gold (24K): ₹99,510/10g ▲ hovers near ₹1 lakh
🪙 Silver: ₹1.14 lakh/kg ▲ safe-haven demand strong
🛢️ Brent Crude: $68.65/bbl ▶ steady