Digital Financial News

Rural Employment Guarantee Act (MGNREGA) and called for urgent reforms in the National Social Assistance Programme (NSAP) to ensure better support for vulnerable sections of society. The Standing Committee on Rural Development and Panchayati Raj, in its eighth report on MGNREGA that was tabled in Parliament on Thursday, highlighted that delays in wage payments continue to be a significant issue, affecting lakhs of rural workers dependent on the scheme for livelihood. It noted that despite digital advancements, workers often face long waiting periods for their wages, exacerbating financial distress. The report urged the government to address systemic bottlenecks, improve fund allocation, and ensure timely payments. Additionally, the panel expressed concerns over the declining budgetary allocation for MGNREGA and the increasing demand for jobs under the scheme. It recommended revising the wage structure to match inflation and strengthening grievance redressal mechanisms to protect workers' rights. The report also pointed out issues such as the lack of proper job card issuance, the need for better social audits, and the importance of including more women beneficiaries in MGNREGA employment.

Subscribe to enjoy similar stories. Kissht, an online lending platform, is preparing to tap the capital markets with an initial public offering and has hired investment bankers for the process, two people aware of the development told Mint. The company hired ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking and is finalising a fourth banker, one person said.

Subscribe to enjoy similar stories. At 11:49 a.m. on July 18, North Korean hackers pounced on a major cryptocurrency exchange handling hundreds of millions of dollars.

Reliance Industries Ltd (RIL) are expected to be in focus on Thursday, April 3, after the company made two announcements via filings to the stock exchanges. The first announcement states that Reliance has begun construction of its first Compressed Biogas (CBG) plant in Andhra Pradesh, which is part of a larger plan to establish 500 such CBG plants in the region.

Bitcoin and other major cryptocurrencies dipped after President Donald Trump imposed tariffs on US trading partners worldwide, triggering a slump in risk assets. The largest digital asset fell as much as 4% to about $82,000 on Thursday morning in Singapore before paring losses, while other tokens including Ether and XRP also declined. Solana had at one point shed more than 9% of its value.

Subscribe to enjoy similar stories. MUMBAI : India’s insurtech startups are no longer content with the domestic market. Facing intensifying competition at home and comparatively smaller transaction sizes, these firms are aggressively expanding into West Asia, Southeast Asia, and Europe—regions where insurers are ramping up digital adoption and willing to pay more for advanced tech solutions.

Subscribe to enjoy similar stories. Mumbai/Bengaluru: A stock price plunge and, in some cases, a cash crunch has prompted creditors to take control of shares pledged by promoters of at least 15 small-cap companies over the past six months. Solar project consultant and contactor Gensol Engineering Ltd and payment solutions provider AGS Transact Technologies Ltd, two companies that recently defaulted on loans, are among the small-cap firms that reported invocation of pledged shares, according to Prime Database, a Mumbai-based markets data tracking firm.

Subscribe to enjoy similar stories. The Lodha versus battle rekindled on Wednesday, with Abhishek Lodha-led Macrotech Developers Ltd accusing entities owned by younger brother Abhinandan of forging documents to gain access to the prized brand name. The company alleged that certain entities related to House of Abhinandan Lodha (HoABL) had forged a board resolution and the signature and identity documents of one of Macrotech's directors three years ago.

Nintendo Switch 2. The gaming console will be released on June 5. Preorders will start on April 9. The console will have upgraded hardware and new exclusive games.

digital payment system, experienced its second major outage within a week, disrupting transactions and frustrating users nationwide. According to Downdetector, a website that tracks service disruptions, outage reports peaked at 520 at 7:23 PM. Around 53% of reported issues were related to fund transfers, while 44% involved payment failures. On March 26, UPI users across the country faced difficulties executing transactions due to what the National Payments Corporation of India (NPCI) described as an «intermittent technical issue». NPCI, which operates the UPI network, acknowledged the issue and stated that the system has since been restored.

Subscribe to enjoy similar stories. Consumers continue to order in while watching the Indian Premier League (IPL) matches, and fast food chains continue to see year-on-year growth during the IPL season. India’s largest pizza chain, Domino’s, said there is no consumer fatigue when ordering in on key IPL days.

The notices, which target individuals with little to no financial capacity, expose a troubling pattern of fraud involving stolen Aadhaar and PAN card details. Among the most cases reported so far is that of Karan Kumar, a 34-year-old sanitation worker who earns a modest Rs 15,000 per month at the State Bank of India’s Khair branch. On March 29, Karan received an Income Tax notice demanding an outrageous sum of Rs 33.88 crore. This demand, based on transactions carried out using his identity, came as a complete shock. According to Karan, Mahaveer Enterprises, a company dealing in petroleum and steel goods, had been using a forged PAN and Aadhaar card linked to his name for large-scale transactions in Delhi.

Subscribe to enjoy similar stories. Investors in V-Mart Retail Ltd shares appear thrilled with its business update for the March quarter (Q4FY25) and are likely expecting another good year. V-Mart’s shares shot up over 10% on Wednesday.

Zerodha cofounder Nithin Kamath on Wednesday flagged the rise of digital arrest frauds in India over the past year, and the vast amounts of money being lost to scamsters. In a post on X, Kamath said, «Indians have lost over Rs 2000 crores to digital arrest frauds this year. These scams work by creating fear in people. They take advantage of people's tendency to make mistakes when they are afraid.»

Zerodha co-founder Nithin Kamath highlighted the issue in a recent post on social media platform X, warning that these scams exploit fear to deceive people.

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INDIA LEADERSHIP COUNCIL

FD options, all promising a seamless, fully digital experience. This shift is not just a convenience — it's a sign of an emerging revolution in embedded finance, and with market conditions shifting in favor of safer, more predictable investments, it’s finally fixed-income’s moment to shine. The Indian fixed-income market, traditionally dominated by Bank FDs, is expanding as non-bank financial companies (NBFCs) and Small Finance Banks bring their offerings to the fingertips of Indian consumers. The growing ubiquity of embedded finance—the integration of financial services into non-financial platforms—is playing a key role. Over the past 18 months, offerings from NBFCs like Bajaj Finance and Shriram Finance, along with a host of Small Finance Banks (SFB) such as Unity, Suryoday, and Utkarsh, have found their way to customers through apps that were once thought of as purely for consumer goods, like Tata Neu, BharatPe, Super.Money and Airtel Money.

mutual funds down by up to 18% in the current calendar year so far, amid all the challenges, a market expert recommends it to be a reasonable entry point for long-term investors and it’s prudent to adopt a staggered approach via SIPs or STPs rather than lump sum investments. “Despite near-term challenges, the current correction offers a reasonable entry point for long-term investors. The technology sector continues to benefit from structural trends like digital transformation and AI adoption. However, given ongoing global uncertainties, it’s prudent to adopt a staggered approach via SIPs or STPs rather than lump sum investments,” Sagar Shinde, VP of Research at Fisdom recommends. Also Read | Kicking off your SIP journey in FY26? Mutual fund experts share pro tips!

The tenure of the deal or the name of the company was not disclosed.