India’s neobank Fi halts banking services on its platform
Fi Discontinues Banking Services in India Fi, a neobank in India, is set to discontinue its banking services, marking the end of more than four years of collaboration with Federal Bank. Customers are now being directed to manage their savings accounts via the bank’s mobile app as the Fi interface diminishes. Founded in 2019 by […]
Putin guarantees India’s Prime Minister a steady supply of Russian oil while Trump advises New Delhi to reduce its purchases.
Putin and Modi Discuss Energy Cooperation Amid U.S. Pressure On Friday, Russian President Vladimir Putin held discussions with Indian Prime Minister Narendra Modi, asserting his commitment to providing “uninterrupted transportation of fuel” to India. This comes as U.S. President Donald Trump urges Modi to steer clear of Russian crude oil purchases. This summit is significant […]
Sen. Moreno’s HIRE Act Viewed as a Significant Risk to India’s Service Sector
Jairam Ramesh, General Secretary of the Indian National Congress, shared insights online regarding a proposed U.S. bill that could significantly affect India’s tech and services sector. This bill, the International Job Relocation Suspension Act, was introduced by Ohio Senator Bernie Moreno. On October 6, Moreno put forward the HIRE Act, which has been sent to […]
India’s banking industry receives its biggest foreign investment to date
Good morning. The Prime Minister’s Office has announced that Prime Minister Narendra Modi will attend the ASEAN summit virtually instead of traveling to Malaysia. This has stirred speculation about a potential meeting with Donald Trump. While domestic media is buzzing about a trade deal on the horizon, notable differences in the bilateral relationship persist. Following […]
Emirates NBD to acquire a $3 billion majority share in India’s RBL Bank
Emirates NBD to Acquire Majority Stake in RBL Bank Emirates NBD is set to invest $3.05 billion to gain a controlling interest in RBL Bank, marking a significant step as it stands to be the biggest foreign direct investment in India’s financial sector. On Saturday, Emirates NBD announced that it will secure a 60% stake […]
India’s central bank reenters to back the rupee, echoing February’s defense
Mumbai Currency Intervention MUMBAI, Oct 15 – The Reserve Bank of India took significant action in the currency markets recently to support the rupee, according to traders. They mentioned that this initiative aligns with the central bank’s strategy to defend the local currency, similar to steps taken earlier this year in February. Traders reported that […]
Air India’s in-flight emergency raises fresh concerns about Boeing Dreamliner safety
India’s Pilot Agency Calls for Inspection of Boeing 787 Dreamliners NEW DELHI – India’s leading pilot agency is urging civil aviation regulators to inspect all Boeing 787 Dreamliners operating in the country. This recommendation comes after an incident where one of these aircraft unexpectedly activated an emergency power system over the weekend. The system in […]
India’s warming ties with China should not be a concern.
Modi’s Recent Visit to China Raises Global Strategic Interest Prime Minister Narendra Modi’s recent trips to China have captured the attention of global strategists. Particularly, some in Washington are wary, interpreting this as a potential thawing of relations between New Delhi and Beijing, which hasn’t happened since 2018. However, viewing this development solely through a […]
Trump’s Tariffs Will Eliminate India’s Savings on Affordable Russian Oil
Economic Implications of India’s Oil Purchases Analysts have indicated that the financial benefits India reaped from importing discounted oil from Russia may soon be overshadowed by newly imposed tariffs by President Donald Trump. These tariffs, which began on Wednesday, are expected to significantly impact India’s economy. According to the Global Trade Research Initiative (GTRI) in […]
TransBnk secures $25M to connect India’s corporate banking with consumer fintech advancements
Digital transformation has significantly impacted consumer banking in India, yet corporate banking is lagging behind. It remains mired in outdated processes involving cumbersome infrastructure, paper trails, and spreadsheets. Bessemer Venture Partners is stepping in to bridge this gap with a new $25 million investment in a three-year-old startup. Over the last ten years, India’s consumer […]