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    GoCredit Deploys India's First AI-Powered Loan Agent
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April 15, 2026
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AI-powered loan matching reshapes digital lending by simplifying applications and reducing repeated credit inquiries for borrowers.
GoCredit introduced India's first AI-powered Loan Agent, a consent-based conversational system that helps borrowers discover, match and apply for personal loans through one chat interaction. The platform assesses borrower profiles, identifies suitable lenders and submits a single application without duplicate forms or repeated hard credit inquiries, while aiming to protect the borrower's credit identity and reduce the time and effort involved in seeking credit. The article situates the launch within India's digital lending ecosystem shaped by RBI-driven frameworks.
April 15, 2026
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Wholesale price inflation surges as crude oil and fuel costs climb, prompting excise duty relief on petrol and diesel.
Wholesale price inflation rose for the fifth straight month in March, driven mainly by sharp increases in fuel and power, crude petroleum and natural gas, manufactured products, basic metals and other manufacturing items. Food articles showed a slower pace of increase, and vegetable inflation softened. The rise was linked to higher global crude oil prices amid the West Asia crisis, prompting a reduction in excise duty on petrol and diesel to prevent pass-through of higher crude costs to consumers.
April 15, 2026
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Solar mounting system optimisation may improve yield and reduce project cost in utility-scale solar developments.
Independent techno-economic assessment of fixed-tilt and horizontal single-axis tracker systems indicates that tracker-based configurations may deliver materially higher specific yield and lower Levelized Cost of Energy under the study's modelling assumptions. The analysis across Rajasthan, Andhra Pradesh and Madhya Pradesh compares energy yield and CUF under CUF-matched and constant-DC scenarios, highlighting the importance of site-specific evaluation in mounting system selection for utility-scale solar projects.
April 14, 2026
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Soybean meal exports slump as West Asia disruption and high domestic prices weigh on India's trade performance.
India's soybean meal exports declined sharply in March because of persistently higher domestic prices and disruption in West Asia trade routes. Export volumes fell to about 60,000 tonnes from 1.62 lakh tonnes in the corresponding prior year month, with supply to Iran, the United Arab Emirates, Kuwait and Oman reported as affected by the regional conflict. Domestic consumption remained strong, rising to six lakh tonnes from five lakh tonnes a year earlier, supported by the animal feed industry.
April 14, 2026
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Global growth outlook weakens as the Iran war lifts energy prices and inflation pressures across economies.
Global growth prospects have been revised downward after the Iran war disrupted economic momentum, with higher oil and gas prices expected to weigh on activity and inflation. The International Monetary Fund lowered its global growth forecast and raised its inflation outlook, noting that the conflict has stalled earlier resilience in the world economy and that downside risks remain elevated if energy shocks persist or spill into next year. The revised outlook reflects uneven regional effects, with energy-importing and heavily indebted poorer economies facing sharper pressure, while energy exporters may benefit from higher prices.
April 14, 2026
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Russian crude imports surge as India's state refiners resume purchases after sanctions waiver and EU ban scrutiny intensifies.
India's crude oil imports from Russia more than tripled in March 2026, with Russian crude accounting for the overwhelming share of the country's Russian hydrocarbon purchases and the increase driven by higher volumes and rising prices. The surge followed a one-month sanctions waiver on Russian oil, after which state-owned refiners resumed purchases and recorded the sharpest month-on-month increase, while private refiners also increased imports but to a lesser extent. The article also notes downstream trade flows involving refineries processing Russian crude and shipments of oil products into sanctioning markets despite the European Union ban.
April 14, 2026
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Oil prices fall as hopes rise for renewed US-Iran talks and easing Strait of Hormuz disruption risks.
Global equity markets advanced and oil prices declined amid hopes of renewed US-Iran talks on de-escalation of the Iran war, following inconclusive ceasefire discussions and reports that a second round of talks may be considered before a temporary ceasefire expires. The market move reflected investor expectations that continued diplomatic engagement could ease disruption risks linked to maritime traffic in the Strait of Hormuz, where supply concerns had earlier pushed crude higher.
April 14, 2026
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Luxury watch market faces uncertainty as war, tariffs, and weaker demand pressure exports and sales.
The luxury watch industry faces renewed uncertainty as war in the Persian Gulf, higher energy costs, logistics disruptions, and weaker consumer confidence affect demand and trade conditions. Geneva's Watches and Wonders fair opens amid market contraction, with pressure on exports and sales in Gulf markets, including reduced tourist traffic in key retail hubs. Swiss-made watches continue to dominate the global luxury watch market, while non-Swiss competitors are emerging as challengers.
April 14, 2026
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West Asia military escalation threatens poverty, food security, and livelihoods in India through energy, trade, and remittance shocks.
West Asia military escalation is projected to intensify poverty, food insecurity, and human development losses across Asia and the Pacific by raising fuel, freight, and input costs and weakening livelihoods. The report estimates a rise in poverty incidence in India, alongside a modest loss of Human Development Index progress, and identifies significant exposure through West Asian energy, fertiliser, trade, remittance, and labour-market linkages. It also warns that MSMEs, informal workers, and sectors dependent on imported inputs may face higher costs, supply disruptions, and employment shocks.
April 14, 2026
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Startup funding framework expands with Fund of Funds 2.0, targeting deep tech, early-stage, and innovative manufacturing startups.
Startup India Fund of Funds 2.0 is notified with a total corpus of Rs.10,000 crore to mobilize venture and growth capital for the startup ecosystem through commitments to eligible Alternative Investment Funds. Investments under the scheme are directed toward priority segments, including deep tech startups, early growth-stage startups, technology-driven and innovative manufacturing startups, and sector- or stage-agnostic startups. The scheme provides for structured selection, monitoring, co-investment safeguards, and implementation through SIDBI as the Implementation Agency.
April 14, 2026
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Export growth slowdown reflects uncertainty from the Iran war and weaker global demand for Chinese goods.
China's export growth slowed sharply in March, with exports rising 2.5 per cent year-on-year after much faster growth in the previous two months. The weaker performance was reported alongside concerns that the Iran war may increase uncertainty for energy prices and global demand, potentially affecting Chinese exports. Imports rose strongly in March, and technology-related shipments, including semiconductors, remained a significant support to export performance in early 2026.
April 13, 2026
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Rupee weakness amid West Asia tensions, higher crude prices, and dollar strength pressures near-term currency recovery.
The rupee weakened against the US dollar amid heightened global risk aversion following failed US-Iran peace talks, rising crude oil prices, concerns over the Strait of Hormuz, and a stronger greenback. Market participants linked the depreciation to foreign capital outflows from domestic equities and a weak near-term currency bias within a defined trading range. The report also records a sharp rise in foreign exchange reserves and notes that prolonged West Asia conflict could affect India through higher energy prices, trade disruptions, and weaker remittances.
April 13, 2026
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Workplace harassment and coercion allegations trigger internal inquiry, employee suspensions, and a stated zero-tolerance policy.
Allegations of sexual harassment and forced religious conversion at a workplace prompted an internal investigation under a senior executive. The company said the matter is being treated with utmost seriousness, accused employees have already faced action, staff members have been suspended, and it is cooperating fully with the ongoing police inquiry under a zero-tolerance policy toward harassment and coercion.
April 13, 2026
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Pan-vascular interventional robotics advances remote thrombectomy with haptic control, multi-device coordination and sub-millimeter precision.
PANVIS STAR is described as a next-generation pan-vascular interventional robotic system designed for neurovascular, cardiovascular, peripheral vascular and oncological procedures, with emphasis on mechanical thrombectomy for large vessel occlusion and ischemic stroke. The system combines remote operation, multi-device coordination, force detection, haptic feedback and sub-millimeter motion precision to support complex interventional workflows. It also includes fingertip control, dedicated device channels, tremor filtering, a compact catheter design and long-distance remote surgery capability over 5G networks.
April 13, 2026
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Artificial intelligence in finance must stay human, accountable, and inclusive while improving efficiency, trust, and risk management.
Artificial intelligence in finance can improve customer service, credit delivery, fraud detection, risk management, and compliance, but its use must remain anchored in human accountability, fairness, explainability, strong data governance, institutional capacity, and inclusion. The text warns that bias, opacity, privacy misuse, model risk, and cyber risk can arise if safeguards are weak. It emphasises that financial institutions must not outsource responsibility to algorithms or vendors, and that AI should make finance more intelligent without making it less human or less accountable.
April 13, 2026
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NBFC Upper Layer identification shifts to asset-size criteria, with government-owned NBFCs proposed for inclusion.
The Reserve Bank has proposed amendment directions to revise the methodology for identification of NBFCs in the Upper Layer under the Scale Based Regulatory framework and to align the framework with a more transparent asset-size based criterion. The existing two-pronged approach of top ten eligible NBFCs by asset size and parametric scoring is proposed to be replaced by a single threshold of asset size, presently indicated as Rs. 1,00,000 crore and above, for determining NBFC-UL status. The proposed changes also seek to bring eligible Government-owned NBFCs into consideration for inclusion in the NBFC-UL list on the basis of the revised criteria, reflecting an ownership-neutral regulatory approach.
April 13, 2026
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Special Economic Zone exports rise despite tariff pressures and West Asia conflict, led by pharmaceuticals and overseas demand.
Exports from the Indore Special Economic Zone rose by nearly 10.50 per cent to Rs 14,302 crore in financial year 2025-26, despite concerns over US tariff policies and the West Asia conflict. Pharmaceuticals formed about 70 per cent of the export basket, with the US among the main markets. The zone contains units across pharmaceuticals, packaging materials, engineering, textiles and food processing in the Pithampur industrial area near Indore.
April 13, 2026
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Rupee depreciation under global risk aversion as crude oil prices, dollar strength and capital outflows pressure the currency.
The rupee weakened sharply against the US dollar amid global risk aversion, higher crude oil prices, a stronger dollar and concerns over the blockade of Iranian ports and the Strait of Hormuz. Analysts linked the depreciation to foreign capital withdrawal from domestic equities and continued pressure from elevated oil prices and foreign institutional selling. India's forex reserves also rose in the latest reporting week, while the Asian Development Bank warned that prolonged conflict in West Asia could affect growth through higher energy costs, disrupted trade flows and weaker remittances.
April 13, 2026
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Non-Banking Financial Company disclosure highlights RBI registration, deposit-taking activity, lending business, and credit ratings.
Bajaj Finance Ltd. is described as a deposit-taking Non-Banking Financial Company registered with the Reserve Bank of India and classified as an NBFC-Investment and Credit Company. Its stated business includes lending and acceptance of deposits, with a diversified portfolio across retail, SME and commercial customers, together with public and corporate deposit-taking and a range of financial services products. The text also refers to credit ratings assigned to the company and its fixed deposit programme.
April 13, 2026
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CREST accreditation and cybersecurity compliance standards shape DigiFortex's regulated enterprise testing, privacy, and governance services.
Cybersecurity and digital risk assurance services are framed around independent accreditation and certification standards for regulated markets. DigiFortex states that it achieved CREST accreditation for penetration testing, alongside CERT-In empanelment and ISO 27001:2022 certification, with CREST requiring independent audit of technical methodology, governance, information security management, and staff competence. The release links these standards to regulated enterprises and financial regulators across multiple jurisdictions and describes services spanning penetration testing, red teaming, virtual CISO support, privacy advisory, governance, risk and compliance, managed security, and cloud-native application protection.

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Govt hikes windfall tax on diesel to Rs 55.5/litre, ATF to Rs 42/litre

April 11, 2026

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New Delhi, Apr 11 (PTI) The government on Saturday hiked export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 a litre.

The duty hikes would be applicable with immediate effect, the finance ministry said in a notification.

The government had, on March 26, imposed an export duty of Rs 21.50 a litre on diesel, and Rs 29.5 per litre on Aviation Turbine Fuel (ATF). The duties were levied to increase domestic availability of the fuel amid the war in West Asia.

They were also aimed at not allowing exporters to take undue advantage due to price differences, as globally crude oil prices had risen since the beginning of the war.

On February 28, the United States and Israel launched military strikes against Iran, triggering sweeping retaliation from Tehran.

On April 8, Iran, the United States and Israel agreed on a two-week ceasefire in the war that tore across the Middle East and disrupted the global energy market.

Export duty on petrol continues to remain nil. PTI JD HVA

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