The Reserve Bank of India (RBI) has updated the fee structure for transactions at ATMs and Cash Recycler Machines, increasing the charges by Rs 2. Effective from May 1, 2025, customers will have a limit of five free transactions at their own bank's ATMs and additional limited free transactions at other bank ATMs based on location.
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Indian employees now prioritize workplace flexibility, job security, learning opportunities, and a sense of belonging over salary. Randstad India's Workmonitor 2025 survey reveals that 52% would leave jobs lacking flexibility. Job security, mental health support, and work-life balance are more significant than pay. Flexibility is a baseline expectation across all age groups, signaling a fundamental change for organizations.
Key drivers for equity markets this week include corporate earnings from blue-chip companies like HDFC Bank, ICICI Bank, and others. Additionally, Donald Trump’s swearing-in for a second term as US President and trading activities of foreign investors will impact the market. Investors' focus will also be on the upcoming Budget.
The market valuation of six of the top 10 valued domestic firms, including Infosys and TCS, decreased by Rs 1.71 lakh crore last week. Meanwhile, Reliance Industries, Bharti Airtel, State Bank of India, and LIC saw gains, with Reliance Industries being the most valued firm.
Finance Minister Nirmala Sitharaman announced unprecedented tax relief in the Budget to support domestic production and enhance export competitiveness. The new Income Tax Bill, addressing digital record examinations, is set for discussion during the monsoon session of Parliament, aiming to update the 63-year-old law.
Finance Minister Nirmala Sitharaman addressed concerns about India's economic slowdown, calling the second-quarter dip a "temporary blip." She highlighted the country's strong average growth rate of 8.3% over the past three years and emphasized the government's commitment to managing inflation, citing recent positive trends and supply-side measures.
Restaurants are planning to challenge food delivery giants Zomato and Swiggy by partnering with the government-backed ONDC to launch private label food and regain control over their digital presence and customer data. This move aims to lower costs, choose their own logistics partners, and reduce dependence on commissions up to 35% charged by Zomato and Swiggy.
Industry leaders predict India's economic growth to rise to 6-7.9% for FY 2025-26, driven by technological advancements and business reforms. Key budget priorities include reducing GST on health insurance, expanding financial inclusion, and providing tax incentives for R&D and fintech innovation.
Microsoft CEO Satya Nadella announces a $3 billion investment in India's cloud and AI infrastructure, including new data centers. The company aims to train 10 million people with AI skills by 2030, highlighting AI's diffusion in India as exciting and emphasizing the need for innovative infrastructure.
Private equity-venture capital investments increased by 10% in the January-March 2025 period, reaching $7.9 billion. Notable deals included Bain Capital's Rs 4,390 crore investment in Manappuram Finance, Actis' $163 million investment in Stride Climate Investments, and Darwinbox's $140 million raise led by Partners Group and KKR.
Vanguard is set to inaugurate its largest global tech development centre in Hyderabad, marking its first in India. The centre will hire approximately 2,300 tech professionals within the next three to four years, focusing on AI/ML, Generative AI, cloud engineering, mobile engineering, and cybersecurity.