EP MONEY

India’s central bank has told a parliamentary finance committee it is not shifting from its cautious approach to cryptocurrency, and a complete ban remains a viable policy option. Reserve Bank of India officials conveyed this during discussions with house members this week, signaling that despite growing investor demand and tech industry appeals for an open […]

The government is considering applying GST, or Goods and Services Tax, to subscription-based ride-hailing platforms like Rapido and Bharat Taxi. This could reduce what drivers earn from each ride, according to a report in ET Economy. Currently, these platforms operate differently from Uber and Ola. Riders pay a monthly subscription fee to access the service,

India’s cola market, controlled by two companies for nearly four decades, is finally facing genuine competition. Coca-Cola and PepsiCo have dominated the fizzy drink category since entering India in the 1990s, but their duopoly is showing signs of strain. According to ET Finance, new competitors and local brands are now gaining market share, marking the

Oyo’s parent company PRISM Holdings has reported a net profit of Rs 748 crore in filings related to its planned IPO. But the profitability claim comes with a significant warning: the company’s auditors have identified material weaknesses in its internal financial controls and accounting systems, casting doubt on how reliable these profit figures actually are.

The United States ambassador to India, Sergio Gor, has declared that a long-delayed bilateral trade agreement between India and the US is nearly complete, with negotiations now in the final 1 to 2 percent of the process. The statement signals that a deal that has remained in limbo for several years could finally be concluded

The Reserve Bank of India has delayed new rules on how banks can lend money, pushing the implementation date from April 1 to July 1. These new rules, called the credit norms framework, will change how banks decide who gets loans and how much they can borrow. The delay has given mortgage brokers and the

Quick commerce apps like Blinkit, Zepto, and Instamart have fundamentally altered how millions of Indians buy everyday groceries. These platforms promise delivery in 10 minutes or less, and urban consumers are embracing them at a pace that surprises even investors. For kirana stores that have operated for generations, the shift represents an existential challenge. The

Indian banks are expanding their green lending portfolios as the government moves toward finalizing a climate finance taxonomy, a classification system designed to help lenders identify which projects genuinely support environmental goals. The taxonomy, still under development, represents an effort to standardize what counts as sustainable finance across India’s banking sector. The move signals a

India imported memory chips worth $6.79 billion in the financial year ending March 2026, representing a 53 percent increase from the previous year. This sharp surge reflects a global shift in chip markets driven by the artificial intelligence boom sweeping across technology companies worldwide. Memory chips are the physical components that store data and process

India’s artificial intelligence ecosystem has a new unicorn. Bengaluru-based Sarvam AI has raised $234 million in the first close of its Series B funding round, taking its valuation to $1.5 billion and cementing its position as one of the country’s most prominent AI startups. The round was led by HCLTech and Bessemer Venture Partners, with