New Delhi, April 30 (IANS) Private equity and venture capital investment activity in India moderated in Q1 2026, with deal value and exits easing from recent peaks, while volumes remained resilient despite geopolitical tensions, a report said on Thursday.The report from EY and the Indian Venture Capital Association said PE/VC investments totalled $13.1 billion in Q12026, easing 19 per cent year‑on‑year and 24 per cent quarter‑on‑quarter. Deal volumes almost remained flat with 360 transac…
Latest Financial Services News & Updates
New Delhi, April 30 (IANS) PhonePe on Thursday announced that it has crossed the milestone of 700 million (70 crores) life-till-date registered users on its platform as on April 29, 2026.This milestone highlights PhonePe’s population-scale reach in India and the breadth of its digital platform offerings across payments and financial services distribution.It also reflects the company’s sustained growth, driven by increasing consumer trust, market-leading distribution network, and a continued …
Mumbai, April 29 (IANS) Indiabulls Limited on Wednesday reported a 46.4 per cent rise in profitability for the March quarter (Q4 FY26), closing a transformational financial year marked by its merger and strategic shift towards a real estate-led business model supported by diversified financial services.The company posted a profit after tax of Rs 194 crore for the quarter ended March 31, according to the financial statement.Revenue during the quarter stood at Rs 418 crore, it added in its financi…
Mumbai, April 22 (IANS) Indian equity benchmarks ended lower on Wednesday, snapping a three-day winning streak as weakness in IT stocks and global uncertainty weighed on sentiment. The decline came amid concerns over prolonged geopolitical tensions in West Asia following stalled talks between the United States and Iran.The Nifty closed 0.81 per cent, or 198.50 points lower, at 24,378.10, while the Sensex dropped 0.95 per cent, or 756.84 points, to settle at 78,516.49.Experts said that from a tec…
Washington, April 16 (IANS) India’s deep pool of technology talent is emerging as a critical factor in the global race to build digital asset infrastructure, participants at a policy discussion have said.The discussion, held under Chatham House Rules on Wednesday (local time), highlighted India’s growing importance in the crypto ecosystem, driven by its large base of software developers and expanding digital capabilities.Participants said the shift towards digital assets — including stablec…
Mumbai, April 11 (IANS) Indian equity benchmarks closed in green for the second consecutive week, amid huge short covering due to the US-Iran ceasefire.Nifty gained 5.89 per cent during the week and added 1.16 per cent on the last trading day to reach 24,050. At close, the Sensex was up 918 points or 1.20 percent at 77,550. It gained 5.77 per cent during the week.Both indices showed strengthening momentum and improved investor confidence.Bank Nifty overperformed the broader market, closing at 55…
New Delhi, April 6 (IANS) Salary increments across India Inc are expected to remain largely stable in 2026, with average hikes projected at 9.1 per cent, slightly higher than the 9 per cent increase recorded in 2025, a new report said on Monday.The “Deloitte India Talent Outlook 2026” report by Deloitte, based on a survey conducted earlier this year across multiple sectors, indicated that companies are now settling into a steady pattern of annual pay increases after the sharp fluctuations se…
Mumbai, April 6 (IANS) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of “hell” if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz.However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selli…
Mumbai, March 19 (IANS) Indian stock markets witnessed a sharp fall on Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure.The benchmark indices, Nifty and Sensex, ended the session with steep losses as both indices logged their steepest single-day fall in nearly two years.The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, …
New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…