UPI may not stay free forever, says RBI Governor amid ICICI fee move
“I never said that UPI can stay free forever. What I said was there are costs, and they need to be paid for by someone.” said RBI Governor Malhotra.
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AI-driven cyber attacks surge in India and APAC, warns cyber risk report
As per the report, cyber incident frequency rose 29 percent year-over-year in APAC and has surged 134 percent over the last four years (2020–2024). There was also a 22 percent increase in cyber insurance claims notifications in 2024.
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RBI’s tone balanced, no clear signal for easing yet: Radhika Rao
DBS Bank’s Radhika Rao notes the Reserve Bank of India’s revised inflation projection, anticipating a rise in CPI towards 4%. Despite expectations of potential rate cuts, the central bank’s guidance remains balanced, signaling a higher bar for easing. The RBI…
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Continue to do whatever required to support growth: RBI Governor
RBI Governor Sanjay Malhotra stated the central bank is committed to supporting economic growth amidst global trade uncertainties, employing monetary policy, liquidity management, and prudential regulation. A draft amendment to the Foreign Exchange Management Act is underway to facilitate international…
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Sundaram-Clayton names Hariharan V as CFO
Sundaram-Clayton has appointed Hariharan V as Chief Financial Officer, effective September 1, 2025, following the resignation of Ajay Kumar. Hariharan brings over three decades of experience across finance, planning, marketing, HR, and risk management in the manufacturing sector. He has…
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India sees IPO surge ahead of key financial disclosure deadline
Indian companies are accelerating their IPO plans. They aim to attract global investors before August 12. This deadline relates to using March quarter financials in IPO filings. Liquidity and tariff concerns are driving this surge. Several companies have already raised…
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