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India's active credit cards cross 120 million in May
India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.
RBI notifies final credit derivatives directions, expands risk-management tools
The RBI has issued final directions for credit derivatives, paving the way for products such as credit index derivatives and total return swaps while expanding risk-management options for market participants as part of broader bond market reforms.
Reserve Bank of India issues final rules on credit derivatives
The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without any restrictions on purpose, while limiting the use of these instruments by non-resident users for hedging purposes.
Reserve Bank of India issues final rules on credit derivatives
The rules will allow resident Indian non-retail users to deploy instruments such as credit default swaps and total return swaps without any restrictions on purpose, while limiting the use of these instruments by non-resident users for hedging purposes.
HDFC Life reports 12 per cent premium growth in FY26, retail protection business rises 43 per cent
HDFC Life Insurance reported a robust 12% year-on-year growth in total premium for FY26, with its retail protection business soaring by 43%. The insurer solidified its position among the top three, achieving a 10.8% new business market share. Profit after tax reached Rs 1,910 crore, and assets under management grew to Rs 3.75 lakh crore.
Amazon to invest additional $13 billion in India AI, cloud infrastructure by 2030
Amazon is injecting an additional $13 billion into India's AI and cloud infrastructure by 2030, bringing its total planned investment to over $21 billion. This significant commitment, announced after CEO Andy Jassy met Prime Minister Modi, aims to bolster AWS data centers and provide advanced AI technologies. The move underscores India's growing importance in the global AI landscape and Amazon's long-term vision for the country's digital transformation.
Over 1/10 Of Crude Basket: A Look At Iran's Share In Indian Oil Imports At Its Peak
Iran's share in India's crude basket steadily increased through the second half of the last decade, peaking at more than one-tenth of the country's total oil imports.
Adani Group Invested Record Rs 1.5 Lakh Crore In FY26, Gautam Adani Says
The investment accounted for more than 30% of India's total new private-sector capital expenditure during the year, according to Adani.
Waterways Leisure Tourism IPO: Issue receives tepid response on Day 01, subscribed 0.20x; GMP signals flat listing
Waterways Leisure Tourism's IPO opened on June 23 but saw low interest, being subscribed only 0.20 times. A total of 8.14 lakh shares were bid for against 39.82 lakh available. The company aims to raise ₹585 crore, with a market valuation of ₹5,849.48 crore post-issue.
Infosys Hirings: 20,000 Freshers Added In A Year Amid AI Bets
Infosys also secured 96 large deals during the year with a total contract value (TCV) of $14.9 billion, underscoring continued client demand for digital transformation and technology services.
Here's what Groww is doing beyond the broking business to drive growth, Kotak explains
At the end of the fourth quarter, Groww's total transacting users were at 21.6 million, up 6% sequentially and 25% from the year-ago period. Of these, active users stood at 16.7 million.
Info Edge shares in focus as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 crore
Info Edge shares will be in focus after the company reported its AI startup portfolio has more than doubled to Rs 1,268 crore from Rs 614 crore. Overall startup investments are valued at about Rs 41,300 crore, driven by strong gains in consumer tech and steady growth in deeptech bets.