As Shri M. Rajeshwar Rao concludes his distinguished tenure as Deputy Governor of the Reserve Bank of India (RBI) on October 8, 2025, it is an opportune moment to reflect on his significant contributions to India’s financial landscape. Appointed on October 9, 2020, Shri Rao’s leadership spanned pivotal phases, including the post-pandemic economic recovery and…
The year 2025 has witnessed a significant surge in cyberattacks, impacting critical sectors and economies worldwide. Notably, incidents such as the cyberattack on Jaguar Land Rover (JLR) and the disruption of Collins Aerospace’s systems have underscored the vulnerabilities in global supply chains and the interconnectedness of modern industries. This article delves into the short-term and…
In a significant leadership appointment, the Government of India has named Shri Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India (RBI), effective October 9, 2025, for a three-year term. A senior and highly respected central banker, Shri Murmu currently serves as an Executive Director at the RBI and brings with him…
FatakSecure, the insurance arm of FinTech innovator FatakPay, has received official approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its composite Corporate Agent License. This regulatory milestone marks a significant step in FatakPay’s mission to deliver accessible, customer-centric insurance solutions, particularly for underserved and digitally emerging communities across India. With the…
PayGlocal, an Indian cross-border payments company, has added Apple Pay to its international checkout, allowing Indian merchants to accept payments from customers around the world. The integration provides businesses with a widely recognised and trusted payment option, addressing a common challenge in cross-border commerce: offering payment methods familiar to international buyers. This addition helps reduce checkout drop-offs,…
India’s Banking, Financial Services, and Insurance (BFSI) sector is navigating an unprecedented digital transformation. Transaction volumes are skyrocketing, fintech ecosystems are expanding, and regulatory expectations are growing more complex. According to the Reserve Bank of India (RBI), UPI transactions surged to 185.8 billion in FY25, up from 131.1 billion in FY24, aggregating Rs 199.89 trillion….
As India enters the final quarter of 2025, its securities market is influenced by a combination of domestic monetary policies, global economic uncertainties and sector-specific dynamics. The RBI has maintained the repo rate at 5.50% during its October Monetary Policy Committee (MPC) meeting, signaling a neutral stance after earlier rate cuts totalling 100 basis points…
The Central Government has appointed Kalyan Kumar as the Managing Director & Chief Executive Officer (MD & CEO) of Central Bank of India, effective September 30, 2025, for a tenure of three years or until further notice, according to a regulatory filing by the bank. Mr. Kumar, a postgraduate in science from Rajendra Prasad Agriculture…
India’s retail industry has long been a story of scale and ambition. From DMart’s dominance in groceries to Croma’s stronghold in electronics, from Trent’s fashion-forward retailing to Big Basket’s digital-first grocery revolution, these companies represent the pillars of a sector valued at over $1 trillion. Their aggressive expansion into Tier 2 and Tier 3 cities,…
Hero MotoCorp, the world’s largest two-wheeler manufacturer, has announced the appointment of Madhuri Mehta as its new Chief Human Resources Officer (CHRO), effective October 1, 2025. In this pivotal role, she will oversee the company’s global people agenda, including culture transformation, talent and leadership development, and capability-building initiatives, as the organization charts its next phase…
