Browsing: India

India and the EU are moving toward regulatory alignment on sustainable ship recycling, with Indian yards advancing toward EU Ship Recycling Regulation listing amid rising global market share and an USD 8 billion sector commitment.

PepsiCo launches its second ₹1,266-crore flavor manufacturing unit in Ujjain, Madhya Pradesh, as part of its ₹5,700-crore India investment plan, producing concentrates for Pepsi and Mountain Dew.

India’s household debt climbed to 45.5% of GDP by September 2025, driven by consumption-led borrowing and non-housing retail loans, even as Indian banks report multi-decade-low bad loans and stronger housing asset quality, according to the Reserve Bank of India’s latest Financial Stability Report.

UPI processed 22.72 billion transactions worth ₹28.92 lakh crore in June 2026. Despite a slight dip versus May, daily transaction counts and values increased, pointing to stronger underlying digital payment usage. PhonePe, Google Pay and Paytm retained leading UPI market shares, according to NPCI data.

UPI and Aadhaar-enabled banking now drive 61% of transactions at semi-urban and rural MSME retail stores, PayNearby’s MSME Digital Index Report 2026 shows, even as cash remains central. With 71% of retailers using AI tools, India’s last-mile commerce is shifting toward a hybrid model of cash, digital payments, and smarter operations.

India’s UPI has launched in Greece through a partnership with Eurobank and NPCI International, enabling simpler digital payments and remittances between Greece and India and extending India’s fintech footprint abroad.

India has reclaimed the world’s 5th-largest stock market position, with capitalization near $5.04 trillion, as corrections in Taiwan and South Korea, easing crude prices, and renewed foreign inflows bolster Indian equities.

Incuspaze has raised Rs 150 crore in a funding round led by Bharat Value Fund to fuel expansion, tech upgrades, acquisitions, and prepare for its planned FY29 IPO while targeting Rs 350–400 crore in revenue for FY26 across more than 80 centres in 18 cities.

Foxconn Singapore has raised its stake in Foxconn Hon Hai Technology India Mega Development Ltd. to 99.9% with a $37.2 million investment, reinforcing its 3+3+3 strategy and expanding iPhone manufacturing and AI-focused capacity in India.

The Reserve Bank of India has issued draft rules to tighten oversight of AI and machine-learning models in banking, mandating board-level governance, human oversight, explainability standards, and independent validation of third-party systems under a formal model risk management framework.