RETAIL/FMCG Inspira Global Buys 41.78% Stake In Restaurant Brands Asia For ₹2,235 Cr

Inspira Global has acquired a 41.78% stake in Restaurant Brands Asia Ltd. (RBA), the operator of Burger King in India and Burger King and Popeyes in Indonesia, for ₹2,235 crore through its food and beverage platform, Lenexis Foodworks Pvt. Ltd. Upon conversion of all warrants, Inspira Global’s stake will increase to 48.04% through an additional […]

CW Bureau · Jul 8, 2026

ECONOMY GJEPC Urges RBI To Ease Banking Norms For Gem & Jewel Exporters

The Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body for the gem and jewellery industry, has urged the Reserve Bank of India (RBI) to introduce a series of banking and regulatory reforms to improve the competitiveness of India’s gem and jewellery exports. The recommendations focus on improving exporters’ access to working capital, […]

CW Bureau · Jun 26, 2026

STARTUP/TECHNOLOGY MobiKwik Receives RBI Go-Ahead For Offline Payment Aggregator Business

One MobiKwik Systems Ltd has received in-principle approval from the Reserve Bank of India for its Payment Aggregator–Physical (PA-P) licence, enabling the fintech company to strengthen its offline merchant payments business across the country. The approval marks a significant milestone in MobiKwik’s expansion as a full-stack fintech platform offering payments and financial services to both […]

CW Bureau · May 26, 2026

STARTUP/TECHNOLOGY MobiKwik Group Secures RBI Nod For NBFC Licence, To Set Up Lending Arm

Reserve Bank of India (RBI) has approved the application of One MobiKwik Systems Ltd group’s application for a Non-Banking Financial Company (NBFC) licence, enabling the group to expand its regulated lending operations. The licence will facilitate the launch of a new lending division, MobiKwik Financial Services Pvt Ltd (MFSPL), a wholly owned subsidiary, aimed at […]

CW Bureau · Apr 27, 2026

BANKING & FINANCE Compliance Matters: The Inside Story Of Paytm Bank Licence Cancellation

In one of the toughest regulatory actions in India’s fintech space, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Ltd (PPBL) with effect from April 24, 2026, citing persistent non-compliance and serious governance concerns. The move effectively shuts down the payments bank and sets in motion a winding-up […]

CW Bureau · Apr 26, 2026

BANKING & FINANCE Poonawalla Fincorp Raises ₹2,500 Cr, Attracts Strong Institutional Interest

Poonawalla Fincorp Ltd (PFL) has announced the successful completion of its qualified institutions placement (QIP), raising ₹2,500 crore. The issue saw strong participation from institutional investors and long-term funds, reflecting continued confidence in the company’s strategy and growth outlook. Issue details and pricing The company issued 67,430,883 equity shares of face value ₹2 each to […]

CW Bureau · Apr 14, 2026

STARTUP/TECHNOLOGY IDPIC Names K S Raju To Lead India’s Digital Payment Fraud Intelligence

Indian Digital Payment Intelligence Corporation (IDPIC) has appointed K Satyanarayana Raju as its Managing Director and Chief Executive Officer. Strengthening digital payment security IDPIC is India’s central AI-driven platform focused on detecting, analysing and preventing real-time digital payment fraud. It leverages advanced technologies such as artificial intelligence, machine learning and big data analytics to enhance […]

CW Bureau · Apr 11, 2026

BANKING & FINANCE India’s Net External Liabilities Narrow On Strong Overseas Asset Build-Up

India’s external balance sheet strengthened in the third quarter of FY26, with net claims of non-residents declining sharply, reflecting a faster expansion in overseas assets held by residents compared to foreign investments into the country. Net IIP improves on faster asset accumulation According to the Reserve Bank of India’s data on India’s International Investment Position […]

CW Bureau · Mar 31, 2026

BANKING & FINANCE RBI Eyes Enhanced Safety In Digital Payments Under Its Vision 2028

India’s banking regulator, the Reserve Bank of India (RBI), is considering measures to enhance safety in digital payments, including enabling customers to switch transactions on or off across digital payment modes through issuer channels. According to Payments Vision 2028, released by the RBI, the central bank also plans to introduce a shared responsibility framework under […]

CW Bureau · Mar 29, 2026

ECONOMY Plan Finalised: Centre Set To Borrow ₹8.20 Lakh Cr In First Half Of FY 2027

The Centre, in consultation with the Reserve Bank of India (RBI), has finalised its borrowing programme for the first half (H1) of FY 2026–27. Under the plan, the government will mobilise ₹8.20 lakh crore through the issuance of dated securities. Revised Borrowing Estimates Post Budget The gross market borrowing for FY 2026–27 was initially estimated […]

CW Bureau · Mar 27, 2026

RETAIL/FMCG RBI Clears Bain Capital’s Joint Control In Manappuram Subsidiaries

Manappuram Finance Ltd on Thursday said its subsidiaries, Asirvad Micro Finance Ltd (AMFL) and Manappuram Home Finance Ltd (MHFL),  have received approvals from the Reserve Bank of India for an indirect change in control and management by affiliates of Bain Capital. The regulatory clearances mark a key milestone in the proposed strategic investment, which is […]

CW Bureau · Mar 19, 2026

BANKING & FINANCE Gold Loans Turns Safe Bet; Muthoot Finance AUM Surges New High

For thousands of borrowers navigating tight liquidity conditions and limited access to unsecured credit, gold loans are increasingly emerging as a trusted and secure way to raise funds without lengthy approval processes. Riding this shift in customer behaviour, Muthoot Finance Ltd, the largest gold loan NBFC, has reported a record year in its core gold […]

CW Bureau · Feb 19, 2026