NITI Aayog Member Arvind Virmani has retained his India GDP growth forecast at 7% for the year, with an uncertainty range of plus or minus 1%, citing unresolved trade issues and global developments. He also backed a gradual shift towards cost-based UPI MDR after the subsidy helped establish the payments platform.
Indian deeptech must turn IP into industrial scale, Avaana Capital's Anjali Bansal said, pointing to Skyroot's Vikram-1 orbital launch, SEDEMAC's IPO and India's ₹1 lakh crore RDI Scheme.
Commerce and Industry Minister Piyush Goyal has held bilateral meetings with top officials of a number of US companies and discussed investment opportunities in India. The minister is in the US till October 5. He held meetings with Grant McGee, Executive Vice President and Chief Legal and Compliance Officer at Target. The company is a major US retailer. "Discussed the opportunities for Target to…
RBI Governor Sanjay Malhotra said the next financial crisis may be triggered by geopolitical shocks, cyberattacks or technology failures rather than the banking system itself, calling for stronger resilience across markets, payments, non-banks and critical infrastructure. He said India’s financial system remains strong, but warned that “today’s resilience” does not guarantee immunity from future…
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