India International Financial Services Centres Authority News and Updates
India's GIFT City bank assets jump as foreign capital hub expands
India's push to build GIFT City into an international financial center is gaining momentum as banking assets in the hub rise sharply in recent months. The increase highlights how stronger credit ...
Indian government rejects discrimination claim over Starlink
Regulatory approval for satellite communications services in India is back in focus after Elon Musk alleged that Starlink's entry was being blocked. The Ministry of Communications says that all ...
India advances decriminalization of GST offences
The central government is reportedly preparing to remove a large number of GST offences from the scope of criminal law, steering the Goods and Services Tax regime towards trust-based ...
Tata Sons outlines three priorities for India's long-term growth
Amid global uncertainty, India's economy has outperformed expectations in recent years, with domestic demand remaining one of its key supports. Tata Sons Chairman N. Chandrasekaran said that ...
PNGRB sets new tariff for IOCL's PRRPL pipeline effective October 1
As part of a regulatory review in India's petroleum products pipeline sector, a new tiered tariff for Indian Oil Corporation's Paradip-Raipur-Ranchi Pipeline will take effect from October 1, 2026. ...
ICRA cuts India's agricultural growth forecast amid weak monsoon
Amid El Niño conditions, rainfall in India during the 2026 southwest monsoon season stood at 87% of the long-period average, the lowest level since 2015. This is expected to put pressure on ...
Solarcraft Kudligi receives AA (Stable) rating from ICRA
In India’s corporate borrowing market, credit ratings play an important role in determining companies’ ability to raise funds and their borrowing costs. In this context, Solarcraft Kudligi ...
India raises MSP for rabi crops, with safflower receiving the largest increase
Ahead of the rabi sowing cycle beginning in October, the central government has raised the minimum support prices for six mandatory rabi crops for the 2027-28 marketing season. Under the revision, ...
Sansar Sep 2024 Trust rating affirmed in India auto-loan securitisation
Credit support for Sansar Sep 2024 Trust has strengthened since the deal closed, helping sustain its investment-grade standing in India’s auto-loan securitisation market. The trust’s ...
Peak XV says India’s AI ecosystem is still in its early stages
Debate over the artificial intelligence race in India is intensifying, but Rajan Anandan, Managing Director at Peak XV, says the country is not behind—it is simply still in the early stages. ...
India appliance makers face tax scrutiny over fake e-waste recycling claims
India's push to formalize e-waste recycling is coming under sharper scrutiny as tax authorities question how major appliance brands verified compliance with green obligations. An August 27 ...
Venture investment in deep-tech manufacturing rises in India
Intellectual property-based deep-tech manufacturing companies in India are becoming increasingly attractive to private capital investors, as the pace of innovation and government incentives ...
Deposits and loans at scheduled banks in India remained elevated through mid-September
The latest fortnightly data on India’s banking system provides a snapshot of deposit, investment and bank credit levels through mid-September 2026. As of September 15, 2026, non-bank deposits ...
Bangladesh Bank issues Islamic credit card rules for banks
Bangladesh is formalising a new segment of Shariah-compliant consumer finance with its first operating guideline for Islamic credit cards. The framework lets Islamic banks and Islamic windows of ...
NCLT approves Orkus Private Limited's resolution plan
The New Delhi Bench of the National Company Law Tribunal has approved the resolution plan for Orkus Private Limited under the corporate insolvency resolution process. The plan was approved after ...
NCLT Mumbai approves resolution plan for Sapphire Hospitals
Following a lengthy insolvency resolution process in Mumbai, Dr. Sanjiv Walanj's resolution plan for Sapphire Hospitals Private Limited has been approved. The order was pronounced on 10 August ...
State securities auction raises ₹19,200 crore; Tamil Nadu rejects bids in two tranches
Indian states accepted ₹19,200 crore against the planned total of ₹22,200 crore through a yield-based price auction of State Government Securities. In this auction, several states took full ...
Tata group ratings seen steady as leadership transition, Tata Sons IPO remain in focus
Governance tensions at India's Tata group are drawing investor attention as questions build around succession planning and the future ownership structure of Tata Sons. S&P Global says any effect ...
India opposition protests intensify over election roll purge allegations
Political tensions are rising in India as opposition parties and civil rights groups protest alleged mass deletions from electoral rolls. The demonstrations are widening pressure on Chief Election ...
ICRA maintains ratings for Toyota Financial Services India's bank facilities
Toyota Financial Services India Limited, which is expanding its vehicle financing business in India, has increased its rated amount to support its revised financing operational requirements. As ...
India's insolvency board extends deadline for filing PGIRP forms
The deadline for mandatory electronic filing of forms to monitor insolvency resolution cases involving personal guarantors to corporate debtors has now been extended until 31 December 2026. With ...
