Digital payments leader PhonePe has received regulatory approval from SEBI to move ahead with its initial public offering, a key step toward one of India’s most watched fintech listings. Reports indicate the IPO is planned as an offer-for-sale by existing shareholders rather than a fresh fundraising round, with the company expected to file updated draft papers next. The development spotlights the scale of India’s UPI economy and the pressure on large fintechs to prove durable profitability.
India’s gems and jewellery industry has submitted pre-Budget proposals seeking GST rationalisation, customs duty changes, and policy reforms aimed at improving export competitiveness amid shifting global trade conditions. Industry bodies say reforms could lower costs, streamline processes and strengthen India’s position in the global value chain.
Walmart-owned PhonePe has received SEBI approval for its IPO, with reports indicating an offer-for-sale structure of around ₹12,000 crore and a likely valuation near $15 billion, making it among India’s most watched fintech listings.
Vodafone Idea has revised an agreement with Vodafone Group to recover around ₹5,836 crore linked to legacy contingent liabilities, including a structure that earmarks shares whose sale proceeds can flow to the telco.
Ahead of Union Budget 2026–27, India’s gems and jewellery industry has asked the government for GST reduction, customs duty rationalisation and policy reforms. Industry stakeholders say the changes would help exports, improve competitiveness and support growth amid global headwinds.
Official data showed CPI inflation rose to 1.66% in December 2025 from 0.71% in November, driven by higher prices in personal care and select food categories even as headline inflation stayed below the RBI’s upper tolerance band.
Digital payments leader PhonePe has received regulatory approval from SEBI for its proposed public listing. Reports say the IPO is structured as an offer-for-sale (no fresh issue), and the company is expected to move ahead with filing updated draft papers as the listing process advances.
