GIFT CITY
Bought a ₹3 crore flat in Gurgaon, now 'need ₹7.5 lakh/month just to breathe': Man’s viral post sparks internet frenzy
In a viral LinkedIn post, Gurugram resident Vaibhav J revealed it costs him ₹7.5 lakh per month to maintain a luxury lifestyle in DLF Phase 5. Detailing expenses from house EMIs to club nights, he sparked debate online. Some called it a reality check; others dismissed it as melodrama over self-imposed costs of urban status.
NSE IX signs MoU with Cyprus stock exchange to boost cross-border market ties
The strategic partnership was officially sealed during Prime Minister Narendra Modi’s state visit to Cyprus, in the presence of Cypriot President H.E. Nikos Christodoulides, at a high-level roundtable titled “Advancing a Strategic Economic Partnership” held in Limassol.
Khutbah Shaadi: Hyderabad women married without papers, abandoned later
In Hyderabad's Old City, a disturbing trend of undocumented marriages, locally known as 'Khutbah ki shaadi,' is leaving poor Muslim women vulnerable. Rabia, abandoned by her husband after a brief, unrecorded union, exemplifies the plight of these women who lack legal recourse due to the absence of a nikah nama.
AlphaGrep receives Sebi’s in-principle approval to sponsor mutual fund
AlphaGrep Securities, a leading quantitative investment firm specializing in systematic strategies, has announced that it has received the in-principle approval from SEBI to sponsor a mutual fund.
India, Cyprus expand ties in financial sector, create trilateral with Greece for business promotion
Prime Minister Modi and the President of Cyprus convened a roundtable with business leaders, emphasizing India's economic transformation and opportunities for Cypriot companies. Discussions highlighted India's growth in sectors like aviation, shipping, and digital payments. Agreements were forged to enhance financial services and cross-border payments, fostering stronger economic ties and trilateral cooperation.
'Sectors like innovation, energy, technology offer immense potential': PM Modi on meeting CEOs in Cyprus
In a post on X, PM Modi said, "Boosting business linkages! President Nikos Christodoulides and I interacted with leading CEOs in order to add vigour to commercial linkages between India and Cyprus. Sectors like innovation, energy, technology and more offer immense potential. I also talked about India's reform trajectory in the last decade."
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NTPC signs $750 billion foreign currency loan
NTPC loan agreement: NTPC has secured a $750 million foreign currency loan from Bank of Baroda and HDFC Bank’s IFSC units to fund capacity expansion, green energy projects, and refinance existing borrowings, marking a milestone in India's external commercial borrowings space.
Law firm JSA’s partner Iqbal Khan to join Cyril Amarchand Mangaldas with 12-member team
An alumnus of the London School of Economics and Political Science and Columbia University School of Law, Khan began his career with the US-headquartered firm Paul, Weiss, Rifkind, Wharton & Garrison LLP in 2008, later moving to Kirkland & Ellis LLP. In August 2013, he joined the Indian full-service firm Khaitan & Co., and in 2015, he transitioned to Shardul Amarchand Mangaldas & Co. (SAM & Co).
Techie, who recently moved to Bengaluru, has an incentive to learn Kannada: 24X7 natural AC when other parts of India are sizzling hot now
A newcomer to Bengaluru, accustomed to scorching temperatures, expresses delight over the city's pleasant climate, finding it a refreshing change. Inspired by the weather and welcoming atmosphere, he decides to learn Kannada. Locals respond with humor and warmth, emphasizing the city's hospitable nature and encouraging him to embrace the community's spirit of respect and friendliness.
Digital payment firms face RBI scrutiny; Pine Labs, Meesho eye listings
Happy Thursday! After approving about 54 companies to become payment aggregators, the central bank is tightening its reins in the sector. This and more in today’s ETtech Morning Dispatch.
NTPC to raise $750 million from BoB, HDFC
Of this $500 million was raised from Bank of Baroda (BoB) and $250 millon from HDFC Bank. The deal was executed through the IFSC banking units of BoB and HDFC in GIFT City. Loan proceeds will be used for financing of NTPC's capital expenditure.
Pine Labs set to file for up to Rs 6,000-crore IPO by month-end
Pine Labs is preparing to file its DRHP with SEBI by the end of June, aiming for an IPO later this year to raise Rs 5,000-6,000 crore. The IPO could value the company at $4-5 billion. The company has appointed Axis Capital, JP Morgan, Morgan Stanley, Citi and Jefferies as bankers to the issue.
Pine Labs, Meesho eye D-Street address; Rapido’s food delivery outlook
Pine Labs is set to file its draft prospectus for its IPO by June-end, while Meesho may follow suit in the coming weeks. This and more in today’s ETtech Top 5.
Tata Asset Management receives IFSCA approval to begin operations in Gujarat's GIFT City
Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.
Modi govt invested Rs 44,859 cr in 3,600+ Northeast projects: Sarbananda Sonowal
Union Minister Sarbananda Sonowal criticized the Congress party's governance, highlighting the Modi government's transformative progress in the Northeast. He emphasized reduced insurgency, infrastructure development, and increased connectivity, positioning the region as a growth engine. Sonowal also underscored advancements in agriculture, healthcare, and tourism, particularly in Meghalaya, driven by substantial central grants and strategic initiatives.
Travis Kelce and Taylor Swift secretly married? NFL insider’s loose lips spark major speculation online
Rumors of a secret marriage between Taylor Swift and Travis Kelce ignited after a wedding planner's personalized envelope sparked speculation. While the couple didn't attend the mentioned wedding, they were spotted at Kelce's cousin's wedding in Tennessee.
DFCC Bank’s green bond debut first foreign corporate issuer at GIFT IFSC
DFCC Bank PLC became the first foreign corporation to list green bonds on NSE IX at GIFT IFSC, raising LKR 2.5 billion for solar energy projects. This supports Sri Lanka’s renewable goals and strengthens regional sustainable finance partnerships between India and Sri Lanka under IFSCA’s green finance vision.
TMC helping infiltrators settle down in Bengal, alleges Union minister Bhupender Yadav
Union Minister Bhupender Yadav has accused West Bengal's TMC government of aiding illegal immigrants and overlooking rising crime, particularly attacks on women. He criticized the state's alleged inaction during incidents in Murshidabad and Sandeshkhali, emphasizing the central government's intervention to restore order.
Indian student in US duped by fake ICE agents in $5,000 scam
An Indian student in the US fell victim to a scam where individuals impersonated immigration officers. They coerced her into paying $5,000 in gift cards by falsely claiming she violated immigration laws and faced arrest. The scammers possessed detailed personal information, intensifying the deception and leaving her emotionally distressed and financially burdened.
How to save tax on your Bitcoin investments in India, legally!
Indian Bitcoin investors face a steep 30% tax and 1% TDS, hindering profitability. Bitcoin ETFs offer a tax-efficient alternative, taxed as long-term capital gains at 12.5% if held over 24 months, with no TDS. Unlike direct crypto investments, ETF losses can be offset, providing significant tax savings.
ID startups face data heat; Nykaa eases into qcomm
Happy Monday! Startups offering identity verification services are under the government’s scanner. This and more in today’s ETtech Morning Dispatch.
How you can negotiate spending on your parents
The argument that parents sacrificed a lot in early years and it is now payback time fails to see that the child is now a parent too. At the same time, the thinking that parents must expect nothing from children is discounted as being too Western in cultural orientation, while also excluding children who genuinely like to spend on their parents.
Infosys sets up development centre in Gift City with 1,000 employees capacity
Infosys has launched a new development center in GIFT City, Gandhinagar, accommodating over 1,000 employees in a hybrid model. This TechFin hub will provide advanced digital solutions for global BFSI clients, focusing on areas like digital banking and regulatory affairs. The center will utilize AI, cloud computing, and blockchain to deliver seamless cross-border services, strengthening India's position in financial technology.
Structural cracks appear to complicate qcomm's quick surge in India
India's quick commerce market is expected to grow to Rs 1.5-1.7 lakh crore by 2027, driven largely by existing trade channels. While it creates significant employment, most jobs are gig roles with limited security. Pricing and adoption across categories present ongoing challenges for the sector's future.
Taylor Swift sparks marriage rumors again with TNT bracelet — here’s why the internet is losing it
Taylor Swift's "TNT" bracelet, gifted by Travis Kelce, has ignited speculation about a possible engagement or secret wedding. Fans are closely analyzing the jewelry, interpreting it as a sign of their deepening commitment. Sources suggest Kelce may propose soon, with their relationship viewed as long-term, potentially leading to marriage and children.
Ex-UK PM Rishi Sunak knows Kannada. He had to learn it to propose to Narayana Murthy's daughter Akshata
Rishi Sunak's personal connection to India deepened through his marriage to Akshata Murty, highlighted by his Kannada proposal. He embraced her Bengaluru heritage, becoming an avid Royal Challengers Bengaluru (RCB) fan, even cherishing a Virat Kohli-signed bat. Sunak celebrated RCB's recent historic IPL victory, marking a blend of cultural ties and sporting loyalty.
Amit Goenka on why Rs 4,000- crore AUM for FY26 is a reasonable target for Nisus Finance
Nisus Finance is expanding its urban infrastructure finance operations in India and the UAE. The company aims for Rs 4,000 crore in AUM by FY26. They are leveraging opportunities in both markets, including the newly listed REITs in the UAE. Nisus Finance is focusing on fund and asset management to drive future revenue growth.
GIFT Nifty hits record monthly turnover of $102.35 billion in May 2025
GIFT Nifty hit a record monthly turnover of $102.35 billion in May 2025, reflecting rising global investor confidence. Since full operations began in July 2023, cumulative turnover has reached $1.93 trillion across 43 million contracts.
RBI to review remittance scheme amid $30 bn FY25 outflows
The Reserve Bank of India is reviewing its Liberalised Remittance Scheme, which saw $30 billion in outflows in FY25, to promote rupee internationalisation. It aims to rationalise regulations, simplify compliance, and expand permitted transactions. The review also covers other foreign exchange schemes and includes reforms to curb mis-selling, strengthen financial resilience, and align rules with evolving business practices.
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