Think of Singapore, Dubai or even Morocco and their image as world-class financial hubs is matched by the sheer number of global majors making their presence felt in these cities and their special economic zones. The vast breadth and depth of activities around the financial markets is worthy of emulation.In addition, these cities and economic zones also happen to be tax havens or low-tax regions making them all the more attractive for global investors and financial institutions to set up and run operations, ...

Market Performance - The Nifty 100 index has shown no returns since June 27, 2025, while the Midcap 150 index has increased by 1.1% and the Smallcap 250 index has decreased by 9% [1][2] - Since September 27, 2024, the Nifty 100 index has declined by 3.8%, the Midcap 150 index by 1.2%, and the Smallcap 250 index by 12.8% [2][18] Fixed Deposit (FD) Rates - Many banks and small finance banks are offering FD rates between 7% and 7.9%, despite some banks cutting rates following the Reserve Bank of India's repo rate cut [2][18] - Public Sector Undertaking (PSU) banks are offering FD rates above 6.5%, while private banks are providing rates up to 7.85%, and small finance banks are offering the highest rate of 7.9% [6][18] Investor Sentiment - In the current investment climate, capital protection is prioritized, making FD returns appear favorable [8][18] - Investors are favoring safety and guaranteed returns over higher but uncertain returns in volatile markets, leading to a psychological advantage for FD investors [9][18] Asset Allocation and Strategy - FDs are seen as stabilizing portfolios, providing liquidity, and protecting capital during market downturns [13][14] - Long-term investors are advised to maintain a disciplined asset allocation strategy, focusing on rebalancing rather than panic selling during market corrections [16][17]

Apple is reportedly holding discussions with Indian banks and international card networks to launch its payment service in the country. ICICI Bank, HDFC Bank and Axis Bank are among the lenders involved in the talks, Bloomberg reported, citing people familiar with the matter. According to the report, the iPhone maker is targeting the launch of Apple Pay around the middle of 2026. The schedule may change, but the talks indicate preparations are underway. Apple is also in conversations with Mastercard an ...

The pilot is being implemented by the Puducherry government, the RBI, the Public Financial Management System (PFMS) and Canara BankCurrently being piloted in Puducherry, the Centre plans to expand the initiative to three to four states and UTs, including Chandigarh and Dadra and Nagar Haveli, “soon”Beneficiaries will get digital coupons in their CBDC wallets, which can then be used to redeem the entitled quantity of foodgrains at merchant outletsThe Centre yesterday rolled out a central bank digital currenc ...

Apple is reportedly talking with banks and card networks to launch Apple Pay in India.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company is holding discussions with Indian lenders ICICI Bank, HDFC Bank and ...

Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world’s most populous country.The iPhone maker is in talks with ICICI Bank, HDFC Bank and Axis Bank, as it aims to introduce its payment service in India around the middle of 2026, according to people with knowledge of the matter. The timeline remains fluid, but the talks indicate an approaching launch.Visa, Mastercard TalksApple is also discussing the plan with payment networks Mastercard In ...

Group 1 - Apple is in discussions with several Indian banks and global card networks to launch its Apple Pay service in India [1] - The company is negotiating with ICICI Bank, HDFC Bank, and Axis Bank, aiming for a service introduction around mid-2026 [1]

Sensex rose 143 points to open at 82,418.78 today, while the Nifty 50 index gained around 74 points to 25,556.30.Top gainers and losersIT stocks, including Infosys, Tata Consultancy Services (UltraTech Cement, Axis Bank, Live EventsDespite the uptrend in stock markets today, analysts advise caution. Ajit Mishra, SVP of Research at Global marketsUS stock markets ended higher on Wednesday after The S&P Software & Services index jumped 2.9%. NVIDIA shares jumped around 3%, while Microsoft shares gained over 2 ...

Indian stock markets face a sharp decline as Sensex and Nifty slump due to IT stock selloffs amid rising AI disruption fears and renewed global trade concerns.Illustration: Dominic Xavier/RediffKey PointsIndian stock market indices Sensex and Nifty fell sharply due to a selloff in IT stocks, fueled by fears of AI-led disruption.Rising crude oil prices and renewed global trade concerns, particularly related to US President Trump's tariff policies, contributed to the negative market sentiment.IT stocks like E ...

Equity benchmark indices Sensex and Nifty slumped nearly 1% in early trade on Tuesday (February 24, 2026), dragged down by a sharp selloff in IT stocks amid rising fears of AI-led disruption.Besides, rising crude oil prices and renewed concerns over global trade after U.S. President Donald Trump’s latest tariff remarks also weighed on investors’ sentiment, traders said.The 30-share BSE Sensex tanked 813.13 points, or 0.97%, to 82,481.53 in early deals.The 50-share NSE Nifty declined 230.15 points, or 0.89% ...