Transactions on the Unified Payments Interface (Unified Payments Interface) surged to an all-time high in May 2026, driven by summer travel and IPL-related spending, according to data released by the National Payments Corporation of India (NPCI). UPI processed 23.20 billion transactions during the month, marking a new peak in volume terms. The total value of…
The Multi Commodity Exchange of India on Monday (June 1) launched Silver 100 futures contracts, expanding its silver derivatives offerings and giving retail investors and small jewellers access to the commodity in much smaller tradable units. The new contract allows trading in 100-gram denominations, significantly lowering entry barriers compared to existing silver futures contracts of…
Maharashtra’s BJP-led Mahayuti government’s flagship scheme, Mukhyamantri Majhi Ladki Bahin Yojana, is once again at the centre of the state’s political discourse. Sources within the WCD Ministry told CNBC-TV18 that nearly 8 million beneficiaries did not receive the last two instalments under the scheme as the state government continued evaluating its beneficiary database. Maharashtra’s WCD…
Mahindra Group and Manulife have incorporated their proposed life insurance joint venture after receiving approval from the Ministry of Corporate Affairs (MCA), the companies said on Monday (June 1). The newly incorporated entity, Mahindra Manulife Insurance Limited (MMIL), will operate as a 50:50 joint venture between the two partners. The incorporation follows the companies’ announcement…
ConsumerX Ventures has launched a SEBI-registered Category II Alternative Investment Fund (AIF) with a target corpus of ₹150 crore to invest in early-stage consumer startups, particularly digitally native and new-age brands. The fund, announced by D2C Insider on June 1, aims to address the funding and support gap faced by consumer-focused startups during the pre-seed…
The West Bengal government is set to launch the first phase of fund transfers under the Annapurna Yojana this week, bringing relief to thousands of women across the state. Under the scheme, eligible beneficiaries will receive a payment of ₹3,000 through Direct Benefit Transfer (DBT). According to Chief Minister Suvendu Adhikari, the transfer process is…
Karur Vysya Bank (KVB) has launched a new premium credit card portfolio on the Visa platform as part of its strategy to strengthen its offerings for affluent and lifestyle-focused customers. The portfolio comprises four variants—Aura (Visa Platinum), Samara (Visa Signature), Altura (Visa Infinite) and Eternis (Visa Infinite). The bank said the cards are aimed at…
Crypto exchange Coinbase has launched direct Indian rupee (INR) deposit and withdrawal services for retail users in India, expanding its presence in one of the world’s largest cryptocurrency markets. The company said Indian customers can now fund and withdraw from their accounts through the Immediate Payment Service (IMPS), enabling direct rupee transactions without relying on…
Gold prices rose on Monday (June 1), supported by elevated geopolitical tensions in the West Asia, while silver edged lower amid broader commodity market volatility. COMEX gold gained 0.83%, or 37.50 points, to $4,570 an ounce. The precious metal advanced as investors monitored developments in the West Asia, where uncertainty surrounding negotiations between the United…
June is going to be a very important month for your wallet. Whether you pay taxes, invest in the stock market, or just use regular digital banking, several major rule changes are taking effect right now. It is time to take a close look at your money and make sure you are following the latest…
