Top 5 Stories You Missed This Week
From regulatory shifts to surprising IPO moves and key macro signals, this week in India’s business landscape was anything but quiet. Here's a curated list of the top stories you should know — even if your inbox missed them.
1. RBI Approves UPI for Inward Remittances
In a major step toward frictionless global money movement, the RBI has allowed UPI to be used for inward remittances starting with the UAE and Singapore. Analysts expect this to reduce forex transfer fees and boost NRI inflows.
2. FirstCry Files DRHP; Eyes ₹4,200 Cr Listing
SoftBank-backed FirstCry has filed for an IPO, hoping to become India’s largest kids-focused e-commerce listing. The filing revealed profitability in FY25 and plans to expand into Southeast Asia through acquisitions.
3. India's Export Rebound Surprises in June
Merchandise exports jumped 11.3% year-on-year in June, led by pharma, electronics, and textiles. With global shipping costs easing, exporters are cautiously optimistic heading into the festive order cycle.
4. Nasscom Bats for AI Startups in New Policy Note
Nasscom released a recommendation paper urging the government to introduce targeted tax breaks, GPU subsidies, and compute credits for homegrown AI startups. The paper highlights India’s need to build sovereign AI capacity.
5. FMCG Volumes Finally Turn Positive
After four straight quarters of contraction, India's FMCG sector posted positive volume growth — driven by rural demand and aggressive price cuts in staples. Stocks like Dabur and Marico rallied in response.
That’s your wrap for the week. Whether it’s startups, policy, tech or macro, bataSutra filters the noise — and delivers what matters.