TRANSACTION COST
India seeks to triple clean energy capacity to 900 gigawatts by 2035, but major hurdles remain
India has announced an ambitious goal to install 900 gigawatts of clean energy by 2035. The government has approved nearly $20 billion to improve power grid infrastructure. Experts emphasize that grid enhancements are crucial for this energy transition. While coal remains a significant energy source, the shift toward renewables is essential. Meeting future demands will require integrated solutions for electricity generation and storage.
Huge inflows in small spaces
Increasing investments from global entities into India's financial sector are boosting the specialized lending institutions. Regulatory reforms have strengthened governance and risk management practices within these institutions over time. Digital innovations like Aadhaar and UPI have facilitated faster and more accurate borrower assessments.
Blackstone lines up $200 million loan to refinance ASK credit line
Blackstone is in the process of arranging a $200 million loan for ASK Investment Managers. This loan aims to refinance an existing sponsor-financing facility that matures in 2027. Four banks are leading this transaction, which is currently being syndicated among international lenders. The refinancing effort reflects private equity investors' strategy to manage acquisition-related debt maturities.
Nvidia faced pressure to boost its AI backstop before Jensen Huang's exit
Nvidia's ambitious $500 billion AI financing partnership with six major Wall Street firms is facing hurdles, with customers and financial partners seeking a larger financing backstop than the chipmaker's proposed 25%. No deals have emerged so far, and Jensen Huang's exit as CEO adds uncertainty, potentially delaying the first transaction until January.
Use FTAs to build joint ventures, explore investment opportunities: CII President to industry
R Mukundan, the CII President, stressed the crucial role of Free Trade Agreements (FTAs) in fostering joint ventures and enhancing investment prospects. He noted India's resilient economic growth, even faced with global challenges like geopolitical tensions and elevated energy prices. The broadened scope of India's FTAs promises to enrich economic interactions and spur advancements in emerging technologies such as AI and biotechnology.
'Buying the cheapest option isn’t always the cheapest decision': CA warns about 7 spending habits that prevent wealth creation
CA Nitin Kaushik explained why people earning the same salary can have different financial positions. He identified seven habits that prevent wealth creation, including impulse buying, lifestyle inflation, ignoring bank statements, delayed savings, credit card misuse, choosing cheap products and overspending on others. He advised tracking expenses, prioritising savings and building an emergency fund.
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Aditya Infotech block deal: Dixon Tech offloads shares worth Rs 582 crore; Motilal Oswal MF, Kotak MF buyers
Dixon Technologies (India) sold over 14 lakh shares of Aditya Infotech through block deals worth approximately Rs 581.65 crore. Motilal Oswal Mutual Fund and Kotak Mahindra Mutual Fund purchased the shares at Rs 4,140 each. This transaction occurred after Aditya Infotech reported impressive Q2 results, with a significant increase in profit and revenue. Additionally, the company plans to invest in KGraph AI Solutions to enhance technology capabilities.
Gaurav Munjal steps down as Unacademy CEO, Akhilendra Kumar takes over
The transition comes earlier than expected per the contours of the September transaction, which had envisaged Munjal continuing as CEO of Unacademy's businesses within UpGrad for at least two years. Munjal said on Wednesday that he would continue to be involved in daily operations and work with Kumar on profitability and UpGrad's proposed initial public offering (IPO).
Realty firms' land acquisition falls 56% to 1,445 acres in Jan-Sep: Anarock
In the first nine months of 2026, a notable drop in land acquisition activities by Indian real estate firms has been observed. Anarock attributes this decline to developers adopting a cautious strategy, influenced by rising costs and emphasized selectivity in land purchases. Notably, joint development agreements with landowners represented 25% of all deals, hinting at a stronger focus on project feasibility and connectivity.
Anthropic IPO buzz: CFO Krishna Rao’s stake could be worth $703 million as AI firm eyes $1.4 trillion valuation
Anthropic CFO Krishna Rao's stake in the Claude chatbot maker could be worth approximately $703 million as the AI startup targets a $1.4 trillion valuation through its proposed IPO. The company plans to raise up to $90.4 billion through the public offering and a concurrent private placement.
Land deals moderates as developers balance expansion against rising land cost
India's land acquisition market shows signs of moderation as developers face rising land costs. Joint development arrangements have increased in popularity, accounting for one in every four land deals. The total number of JDA transactions rose significantly from 2022 to 2025, showcasing a shift in strategy. Established markets still attract smaller deals, while larger transactions move towards tier 2 and 3 cities.
UAE launches digital ATA Carnet system, becoming first country outside Europe to adopt paperless customs process
The United Arab Emirates (UAE) has launched the eATA Carnet system, becoming the first country outside Europe to adopt the digital customs facility. Rolled out on November 9, 2026, with support from Dubai Chambers, the system allows businesses to process temporary imports and exports electronically using digital declarations and QR codes.
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares surged on Wednesday after the company announced a Rs 6,414 crore capital infusion led by Blackstone, which will invest Rs 5,000 crore. The fundraise, also involving promoter investments and Anchorage Capital, aims to strengthen capital adequacy, lower funding costs and accelerate growth in secured lending.
Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days
India’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sensex surging nearly 8,000 points and the Nifty gaining 10% to cross 25,400. The rally has been driven by aggressive FII buying of Rs 53,170 crore this month, stronger global sentiment as the AI trade cools, and robust Q2 earnings
Huang in suspense, chips may crack
Huang is a hands-on boss at Nvidia. Although he owns a small amount of the company's stock, replacing him will be difficult. In the new political dispensation, Washington may be forced to take a harder look at its export control regime and make it more watertight. 'Jensanity' offers a good trigger.
PHD Chamber seeks capital gains tax rationalisation, doing away with BCD on feedstock
The PHD Chamber of Commerce and Industry has urged the government to abolish long-term capital gains tax on equity investments, cut short-term capital gains tax to 10% and reduce securities transaction tax (STT) rates in its pre-Budget recommendations for FY28.
Blackstone to invest Rs 5,000 crore in IIFL Finance for 16% stake as company raises Rs 6,414 crore
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Co-promoters Nirmal Jain and R Venkataraman will contribute Rs 1,264 crore through warrants, while Anchorage Capital will invest Rs 150 crore.
UPI volume, value post strong growth during Diwali as festive spending lights up digital payments
This year, November 6, which coincided with Dhanteras, recorded UPI transactions worth Rs 1.37 lakh crore, the second-highest daily transaction value on record. Dhanteras is traditionally considered as an auspicious day to make high-value purchases. Transaction volumes hit a record the following day, November 7, at 975.8 million.
How intelligent commerce is shaping the next frontier of merchant payments
For a decade, the task in India’s merchant payments was to get every shop and website to accept digital money. The value, leaders argued, at GFF 2026, is now moving to identity, risk, credit and growth, and to preparing the checkout for AI agents that may soon shop on consumers’ behalf.
The next problem to solve: When money arrives, what can merchants do in the meantime?
At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed why, for merchants such as small hotel owners, how quickly money arrives now matters as much as whether a payment is accepted, and why AI is changing back offices faster than it is changing how people buy.
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole
Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.
NCLT approves Ashdan Properties' resolution plan for Sunblink Real Estate
The National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor dues. Sunblink Real Estate's insolvency proceedings were initiated over a default related to financial obligations. The properties in question include sea-facing buildings in Mumbai's Worli area, acquired previously from entities linked to Iqbal Mirchi. The resolution plan allocates Rs 143 crore to the secured financial creditor Piramal Finance over several instalments.
Kotak eyes ₹4,500 crore fundraise to deepen bets on India's real estate market
Kotak Investment Advisors plans to raise ₹4,500 crore through its 16th real estate fund. This fund will focus on investments across India's real estate market, encompassing residential and commercial properties. The fund will utilize both debt and equity while targeting institutional capital to enhance liquidity for developers. It aims to conduct multiple transactions primarily in major cities and select tier-II locations.
Healthcare needs stronger partnerships between hospitals and insurers
Aditya Birla Health Insurance CEO and Manipal Hospitals MD-CEO argue that India's healthcare system must move beyond transactional relationships between hospitals and insurers towards patient-centric partnerships. They call for greater clinical coordination, digital integration, transparency and preventive care, with success measured by better health outcomes rather than individual claims or procedures.
Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hits
For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach. Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
NSE looks beyond transaction fees to drive growth
NSE reported a sequential decline in revenue and profit in the September quarter from previous results. The drop resulted from a 16% fall in transaction charges and reduced trading activity. NSE plans to enhance market activity through amendments to its Closing Auction Session framework expected in December. Additionally, the exchange is diversifying its offerings into commodity derivatives and digital gold products.
From India to Dubai: Why investors may be watching Dubai South's booming property market: Anarock study
Dubai South’s residential market is seeing rapid growth, with home sales in the first eight months of 2026 already surpassing the full-year 2025 total. Demand is increasingly concentrated in studios and one-bedroom apartments, making investments more accessible despite rising prices per square foot. However, heavy reliance on off-plan sales and a large supply pipeline could pressure demand and rental yields.
NPCI defends MDR charges in SC, says merchants can't pass on them to customers
The top court on September 28 had sought responses from the Centre and others, including the NPCI, on a petition challenging the decision to impose an MDR on specified UPI person-to-merchant transactions above Rs 2,000.
UPI MDR proposal: Street vendors may pass on charges to customers or switch to cash, ISB survey finds
Payments by street vendors exceeding Rs 2,000 may incur charges under the proposed merchant discount rate framework. Many vendors may switch to cash transactions if additional costs are imposed by suppliers. Awareness of the framework varies among vendors in different city tiers, affecting their payment acceptance practices. A significant percentage of Tier 1 vendors are likely to pass on additional charges to customers.
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