Digital payments firm PhonePe on May 6 announced the rollout of an artificial intelligence (AI)-powered integration layer designed to simplify how merchants adopt its payment gateway, aiming to significantly cut onboarding time. The company said the new system, built to work with AI coding assistants and supported by its proprietary “Integration Intelligence” layer, allows online…
India’s GIFT City is entering a more consequential phase. What began as a policy effort to onshore offshore finance is steadily evolving into a functional capital hub, one that is shaping how investors access India and structure cross-border portfolios. The shift is not just about scale. It reflects changes in participation, product design, and investor…
India’s digital payments boom, powered by UPI and a sharp rise in credit card usage, has made transactions seamless. But it has also enabled the government to build a data-led tax compliance system, where spending patterns are matched with declared income. In 2026, this shift is no longer gradual, it is firmly embedded in how…
Groww Mutual Fund has launched the Groww Nifty Private Bank ETF, an open-ended exchange traded fund (ETF) that aims to track the performance of the Nifty Private Bank Index – Total Return Index (TRI). The new fund offer (NFO) opened on May 6 and will close on May 20. The scheme is designed to provide…
SBI Mutual Fund has announced the launch of two exchange traded funds (ETFs) — the SBI Nifty200 Value 30 ETF and the SBI Nifty Smallcap 250 ETF — with their new fund offer (NFO) scheduled to open on May 7 and close on May 18. Both schemes are open-ended ETFs designed to track specific equity…
The 22nd instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was released on March 13. The government has not announced an official date for the 23rd instalment. Based on how the scheme has always worked, the wait shouldn’t be too long. When can farmers expect the 23rd instalment? The PM Kisan 23rd instalment,…
Gold and silver prices in India rose sharply on May 6, tracking firm global cues as easing geopolitical tensions and a weaker US dollar supported precious metals. On the Multi Commodity Exchange (MCX), gold futures for June delivery climbed about 1.36% to ₹1.51 lakh per 10 grams, briefly crossing the ₹1.52 lakh mark in early…
The Reserve Bank of India has released draft guidelines to standardise the treatment of non-financial assets acquired by lenders during loan recovery, aiming to improve transparency and ensure prudent handling of such assets. The draft “Prudential Norms on Specified Non-financial Assets (SNFA) Directions” clarifies that regulated entities (REs) are generally not expected to hold non-financial…
The Securities and Exchange Board of India (SEBI) has issued a circular clarifying what qualifies as “significant indices” under its Index Providers Regulations, 2024, and outlining compliance requirements for index providers. SEBI said the regulations apply only to index providers that administer indices made up of securities listed on recognised stock exchanges in India and…
Gold and silver prices edged higher on Wednesday, May 6, tracking a mild recovery in global bullion markets after recent losses, while crude oil prices declined for a second straight session amid signs of easing geopolitical tensions. On the COMEX, gold rose 1.43% to $4,633.70 per ounce. Silver outperformed, gaining 2.36% to $75.315 per ounce….
