Gap Financial News

Subscribe to enjoy similar stories. New Delhi: A new evaluation of the Centre’s onion buffer programme has found that the Price Stabilisation Fund (PSF) has been able to significantly reduce retail price volatility of the vegetable and improve farmer incomes.

Subscribe to enjoy similar stories. Nobody in the world knows better than Steve Kerr what it takes to become the greatest basketball team of all time. In 1996, he played alongside Michael Jordan for the Chicago Bulls as they won 72 games.

Subscribe to enjoy similar stories. MUMBAI: Axis Asset Management Company (AMC) is set to launch its third private credit alternative investment fund (AIF) next week, aiming to raise up to ₹2,000 crore, a senior executive told Mint. The move comes as the fund house looks to scale sharply in a private-credit market that is drawing record interest even as traditional lenders pull back.

Subscribe to enjoy similar stories. When Sanjay Malhotra became the 26th governor of the Reserve Bank of India (RBI) a year ago, he didn’t inherit a crisis—in fact, the period of high inflation was drawing to a close. He did, however, assume office at a time when the entire world was gripped by uncertainty.

Subscribe to enjoy similar stories. The Comptroller and Auditor General (CAG), the national auditor, is preparing to overhaul the way it audits government departments by moving from post-facto examination of accounts to real-time audits of public spending, project execution and service delivery. The shift marks one of the most significant changes to India’s audit architecture in decades, and comes at a time when governments are executing larger, technology-driven programmes that require closer and more continuous oversight.

India’s private credit market has experienced remarkable growth in the first half of 2025, reaching $9 billion across 79 transactions, nearly triple the volume in the preceding six months. This surge has been led by a landmark $3.1 billion transaction by a large Indian corporate, representing the largest onshore private credit deal in Indian history.

Subscribe to enjoy similar stories. MUMBAI: India’s private-credit market is in the midst of its busiest phase yet, with a wave of domestic and global investment firms rushing in as companies seek faster, more flexible capital than traditional lenders can provide. Over the past 12 to 18 months, firms from DMI Alternatives and Ascertis Credit to Motilal Oswal Alternates, ASK Group, True North, Edelweiss, Multiples Alternate Asset Management, Prabhudas Lilladhar and Vivriti Asset Management have launched new funds, while heavyweights such as Blackstone Group and Bandhan AMC are setting up dedicated platforms.

Subscribe to enjoy similar stories. The tunnel swallows us whole. One moment, the autumn sunshine in northern Italy is glinting off the Temerario’s sculpted bonnet; the next, we’re plunged into artificial twilight.

Subscribe to enjoy similar stories. India is ageing faster than most people realise. By 2030, one in five Indians will be over 50 – this is a demographic shift with major implications for productivity, healthcare and quality of life.

Subscribe to enjoy similar stories. India’s state-owned banks have raised concerns with the Reserve Bank of India (RBI) about the weaker transmission of rate cuts to deposits, with lending rates falling significantly faster and straining their balance sheets, according to three people familiar with the discussions. In a meeting with RBI officials about 10 days ago, ahead of the monetary policy outcome on 5 December, multiple state-owned bank chiefs raised concerns that the dominance of external benchmark-linked loans has ensured instant repricing of assets whenever the repo rate moves, said the three people cited earlier.

Keen to move beyond its reputation as a weekend escape for drinkers from dry Gujarat, the administration is exploring a dramatic shift: a plan to lease out the 16th-century Portuguese-built Diu Fort for destination weddings and rebranding the beach town as a family-friendly retreat. “Diu will soon be Goa minus the casino and nightlife,” Diu collector Rahul Dev Boora told ET. “Both Diu and Goa share a Portuguese legacy, but for tourists seeking a family getaway, Diu will always have the edge.”

«Dead» investors often beat the living — at least, when it comes to investment returns.

India Fintech Foundation (IFF)—the proposed self-regulatory organisation (SRO) for the fintech industry, also known as the SRO-Fintech Development Foundation (SROFT-DF). Present at the the launch event was Amitabh Kant, India’s G20 Sherpa, Shri NS Viswanathan, former Deputy Governor of the Reserve Bank of India and Non-Executive Chairman of Axis Bank and Sanjiv Singh, Joint Secretary, DPIIT. Kant formally unveiled the IFF logo, marking the official inauguration of the Foundation. The proposed SRO aims to bridge the regulatory gap by enabling innovation while ensuring responsible conduct and consumer protection. The chief guests emphasised the need for inclusive fintech growth anchored in effective industry-led self-regulation. Viswanathan will serve as Chairman of the IFF Board, guiding the long-term vision of the proposed SRO.

Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns. Trump left out the upside to the United States from the liberal flow of goods: a reliable supply of affordably priced appliances, clothing and electronics whose consumption has helped lift US economic growth above other developed economies in recent years. «Obviously we've benefited significantly,» said Paul Gruenwald, global chief economist at S&P Global Ratings. «We get to consume a lot of things that are produced more efficiently in other countries.» Trump's tariffs are almost certain to negatively impact this dynamic, say economists who see the levies lifting the price on everything from Gap t-shirts to the Apple iPhone to French wine. «This is very clearly going to raise consumer prices,» Michael Pearce, a US economist with Oxford Economics, said of the barrage of levies announced late Wednesday in an unveiling the White House billed as «liberation day.»

Bajaj Finance shares will be in focus on Friday after the company reported strong Q4 FY25 results, with assets under management (AUM) rising 26% year-on-year to Rs 4.17 lakh crore as of 31 March 2025. The company added Rs 18,700 crore to its AUM during the quarter, reflecting steady demand for its financial products.

Subscribe to enjoy similar stories. For opponents of free trade, Donald Trump’s ‘Liberation Day’ may seem like ‘vindication day.’ The world’s top power, the US, which generates a quarter of the globe’s output, took an inward turn that ‘nuked’ the aim of open borders for commerce. Globalization, which had long wobbled along, suddenly looks skeletal.

Securis Finance, a subsidiary of FirstPay Technologies, has received approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC). The company plans to disburse Rs 100 crore in education loans in its first year, initially targeting key educational hubs such as Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune on a pilot basis. Securis Finance is a fully owned subsidiary of FirstPay Technologies, which operates Junio, a digital pocket money smart card for teenagers. Securis Finance aims to offer loans ranging from Rs 50,000 to Rs 5 lakh, addressing a major gap in access to credit for teenagers. Its lending solutions will cover diverse educational needs, including school fees, college tuition, coding boot camps, and entrance exam coaching.

Subscribe to enjoy similar stories. The global economy has seen more turbulence in recent months than in decades, driven in part by US President Donald Trump’s most potent trade weapon: tariffs. After months of speculation, Washington has finally announced its long-feared tariffs, dealing a fresh blow to India.

Subscribe to enjoy similar stories. Plans to upgrade India’s lone state-owned chip fabrication unit have picked up pace, with the Centre meeting 35 companies last month in a bid to evaluate their roles in a potential deal that is worth ₹4,000 crore.

Studio Ghibli aesthetic flooding the internet, concerns are growing over the future of hand-drawn animation. Could AI one day take over the painstaking artistry that brought us “Spirited Away” and “My Neighbor Totoro”? Perhaps. But there’s one thing technology will never replicate: the irreplaceable genius of Hayao Miyazaki.

cost of living varies significantly between India and the United States, and this difference is best understood through Purchasing Power Parity (PPP). According to financial expert and CA Nitin Kaushik, an annual salary of Rs 23 lakh in India is equivalent to Rs 79 lakh in the US when considering lifestyle expenses. This staggering gap underscores the impact of PPP on real income and affordability.