On April 15, PB Fintech Limited, the parent entity of Policybazaar, said its subsidiary, PB Pay Private Limited, has got in-principle approval from the Reserve Bank of India (RBI) to function as an online payment aggregator. The RBI gave the approval under the Payment and Settlement Systems Act, 2007, and informed it through an official RBI letter dated April 15, 2025, the...
Investcraft Market Updates
India's exports of goods and services crossed $820 billion in 2024-25, showing a nearly 6% rise compared to $778 billion in 2023-24, despite global economic challenges, the Commerce Ministry said on Wednesday. The ministry also assured exporters that the government will support them with a favorable environment to help them adapt to recent shifts in global trade. However, exports...
The Trump government has said it's freezing more than $2.2 billion in federal grants and contracts that were destined for Harvard University. This follows a decision by Harvard to decline fulfilling some of the government's conditions that were directed at limiting campus activism. In a letter to Harvard, the administration called for radical overhauls. These were to include embracing so-called...
With the Reserve Bank of India cutting the repo rate by 25 basis points and shifting its stance to “accommodative,” interest rates on fixed deposits (FDs) are expected to fall further this year. This is especially concerning for senior citizens who rely on FDs for regular income. Banks have already started reacting. For example, Bank of India is ending its 400-day special FD scheme, and HDFC Bank has...
Indian shrimp exporters are gearing up to export approximately 35,000–40,000 tonnes of shrimp to the US following a significant relief — US President Donald Trump suspended a planned 26% tariff increase and maintained the duty at 10%, as per industry sources. K N Raghavan, Seafood Exporters Association of India Secretary General, indicated that there's now relief in the sector. Indian exporters can...
Tata Consultancy Services (TCS), India’s largest IT services firm, hired 42,000 freshers in FY25, slightly exceeding its target of 40,000. The company is optimistic about maintaining similar numbers in FY26. However, despite the hiring momentum, TCS has decided to delay wage hikes due to the uncertain global business environment, including geopolitical factors like US tariffs under Donald Trump. As of...
A western disturbance is set to ease the heatwave across northwest India starting April 11, with rain, thunderstorms, and gusty winds forecasted, according to the IMD. In Delhi-NCR, a yellow alert is in place for Noida and Gurugram. While temperatures may briefly touch 39°C on Friday, rainfall and winds up to 50 km/h are expected to cool things down by about 2°C through April 12. The weather will...
While the exact timeline for filing its draft red herring prospectus (DRHP) is yet to be decided, the company has initiated groundwork for the public offering. The split between fresh issue and offer-for-sale (OFS) components is also under discussion. Wakefit, which has raised over $100 million from Peak XV Partners, Paramark Ventures, and Verlinvest, is likely to use the IPO to offer exits to early...
This tariff relief comes after a major global sell-off that rattled financial markets. Though some tariffs, like those on steel, aluminium, and autos, remain, the pause gives countries like India a chance to stabilise trade talks. India is currently negotiating a bilateral trade agreement with the US. Experts believe this move is more tactical than permanent but welcome the relief, which helps businesses...
Archian Foods, which specializes in classic beverages such as Lahori Zeera, Lahori Nimboo, and Lahori Shikanji, is looking to grow its presence across India in the next two years, co-founder and CEO Saurabh Munjal announced at the News18 Rising Bharat Summit on April 8. Munjal embraced growing competition in the value beverages category, viewing it as an indicator of growth...