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"Rapido Booked in Pune Over Alleged Unlicensed Bike-Taxi Operations"
Rapido has been booked in Pune for allegedly operating bike taxis without the required licence, intensifying scrutiny of app-based two-wheeler mobility services in Maharashtra. The case lands amid continuing regulatory uncertainty over bike-taxi operations across Indian states, where enforcement and policy frameworks remain uneven.
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Supreme Court Says Tax Must Follow Product’s Form at Sale, Not Its End Use
The Supreme Court has held that a product’s tax classification must be determined by its physical form at the point of sale, not by how it may ultimately be used. The ruling came as the court dismissed revenue appeals seeking to classify Cadila Healthcare’s GRD Powder and GRD Mix as non-alcoholic beverages taxable at 10%.
India’s August balance of payments flips to $45.4 billion surplus as capital inflows surge
India posted a sharply stronger balance of payments surplus of $45.4 billion in August, reversing a $5.6 billion deficit a year earlier even as the current account remained in deficit. The swing was driven by a jump in capital-account inflows to $50.6 billion, alongside higher net transfers, underscoring the impact of policy measures aimed at attracting foreign currency into the financial system.
AIFC Eyes Collaboration With GIFT City as Kazakhstan, India Deepen Financial Links
The Astana International Financial Centre is exploring a partnership with India’s GIFT City, a move that could strengthen cross-border financial services and investment flows between Kazakhstan and India. The initiative reflects AIFC’s push to leverage regional proximity, expand its international reach and build on its growing role in sustainable finance and digital assets.
Nandan Nilekani Urges Wider Account Aggregator Reach to Bring Street Vendors and Gig Workers into Formal Credit
Nandan Nilekani has called for expanding India’s Account Aggregator framework beyond salaried and formally banked borrowers to include self-employed workers, street vendors and gig earners who remain underserved by traditional credit systems. He argued that a broader flow of verified financial data could improve credit assessment while helping build a sustainable business model for Account Aggregators themselves.
Nexedge Capital names ex-Avendus Wealth chief Apurva Sahijwani co-founder to accelerate expansion
Nexedge Capital has appointed Apurva Sahijwani, formerly of Avendus Wealth Management, as co-founder in a move aimed at strengthening its leadership bench and deepening its reach in India’s wealth management market. The firm, which operates across 11 cities and advises more than 1,300 ultra-high-net-worth individuals and families, is positioning the hire as a strategic step in its next phase of growth.
AIFC Eyes GIFT City Tie-Up as Kazakhstan, India Deepen Financial Links
The Astana International Financial Centre is exploring a potential partnership with India’s GIFT City, a move that could strengthen cross-border financial services, investment flows and market access between Kazakhstan and India. The initiative reflects AIFC’s push to expand its international reach as it builds on its role as a Central Asian financial hub and advances work in sustainable finance and digital assets.
Stocks Sena Launches Free Stock Research Platform, Raises $232,000 at $2.32 Million Valuation
Stocks Sena, a venture co-founded by Krishna Singhal and Pushan Jain, has launched a free stock research platform aimed at making Indian equity analysis more accessible to retail investors. The company also said it has raised $232,000 at a $2.32 million valuation, underscoring early investor interest in a product built around primary-source disclosures, screening tools and AI-assisted earnings-call analysis.
Nexedge Capital names ex-Avendus Wealth chief Apurva Sahijwani co-founder to accelerate expansion
Nexedge Capital has appointed Apurva Sahijwani, formerly of Avendus Wealth Management, as co-founder in a move aimed at strengthening its leadership bench and deepening its reach in India’s wealth management market. The firm said Sahijwani’s experience will support its expansion as it scales across 11 cities and serves more than 1,300 ultra-high-net-worth individuals and families.
57th GST Council Meeting Rescheduled to October 8 at Bharat Mandapam in New Delhi
The 57th meeting of the Goods and Services Tax Council has been postponed by one day and will now convene on October 8 at 11 am at the Summit Room, Bharat Mandapam, in New Delhi. An official memorandum cited unavoidable circumstances for the change, while members were informed and apologised to for the inconvenience.
CreditAccess Grameen lines up $175 million overseas loan from DBS, Standard Chartered and others
CreditAccess Grameen is in advanced discussions to raise $175 million from a group of international lenders, including DBS and Standard Chartered, as it looks to strengthen its liability profile and diversify funding sources. The proposed external commercial borrowing is expected to support a larger share of the lender’s annual borrowing needs, even as hedging costs rise but remain manageable, according to financial officials.
Andhra Pradesh Commercial Tax Collections Rise 18% to Rs 30,436 Crore in First Half
Andhra Pradesh’s commercial tax collections climbed 18% year-on-year to Rs 30,435.98 crore in April-September 2026, underscoring firmer compliance and stronger economic activity across the state. Net GST collections also rose 18% to Rs 19,635.49 crore in the first half of FY 2026-27, with September delivering the highest monthly collection so far and a 14.10% increase in net GST.
CreditAccess Grameen Seeks $175 Million Overseas Loan to Strengthen Funding Base
CreditAccess Grameen is in advanced discussions to raise $175 million from a group of international lenders, including DBS and Standard Chartered, as it looks to bolster its liability profile and secure funding flexibility. The borrowing is expected to form a meaningful part of the company’s annual funding plan through external commercial borrowings, even as hedging costs rise but remain manageable.