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International airline co-branded credit cards are rolling out red carpet for Indians: Here’s how frequent travellers can benefit
The Economic Times· 2025-09-22 01:00
Best of both partiesCo-branded In India, such partnerships are still relatively rare. The first one was between Jet Airways and Citibank, dating back to 2003. Since then, many other banks and airlines have launched similar programs, offering attractive perks to airline customers to encourage daily engagement and hoping they stay loyal even if another airline approaches them. Most recently, Vistara had co-branded partnerships that encouraged people to fly with the airline frequently. These partnerships are e ...
Economists track GST rate cuts for impact on prices, inflation and festive demand
The Economic Times· 2025-09-21 18:00
The first checkpoint is the actual cut in retail prices of various products from processed foods and hair oil to air-conditioners and small cars that will attract lower goods and services tax (GST) from Monday, they said."We will be watching out for the extent of pass-through of lower GST to prices, how inventory management takes place and how firms cope with stranded taxes, if any," said Aditi Nayar, chief economist at Gaura Sengupta, chief economist at "We will see how fast-moving consumer goods (FMCG) c ...
IIT placements gain steam; SoftBank's Vision Fund layoffs
The Economic Times· 2025-09-19 13:30
IIT招聘趋势 - 印度理工学院(IIT)孟买、德里、马德拉斯、克勒格布尔、坎普尔、BHU和鲁尔基分校招聘季全面启动 recruiter registrations across the board[1] - 高频交易公司Jane Street、Graviton Research Capital、Hudson River Trading、Millennium Management和Da Vinci Derivatives成为IIT常驻招聘机构[3] - 软件、人工智能、金融、半导体和核心工程公司积极招聘数据密集型岗位[5] - IIT BHU预计今年将超过去年1405份录用通知的成绩[5] - 各分校通过展示前沿研究成果、加强核心行业岗位推广、组织模拟面试及 aptitude tests吸引企业[6] 软银战略调整 - 软银愿景基金全球裁员20% staff globally[16] 转向大规模人工智能基础设施投资[8] - 投资97亿美元于OpenAI[8] 并收购英伟达和英特尔股份以强化AI生态[16] - 启动5000亿美元Stargate项目[16] 但遭遇项目延迟[16] - 在印度从成长/晚期科技投资者转型为直接资产收购方[8] - 2023年第一季度净利润达28.7亿美元[16] 为2021年中以来最佳表现[16] 企业并购动态 - 房地产服务公司TCC Concept签署条款书拟100%收购家居电商Pepperfry[9] 交易金额与时间未披露[9] - Pepperfry 2024财年运营收入下降30.6%至18.89亿卢比[10] 亏损减少37.4%至11.74亿卢比[10] - 该公司曾筹备2.5-3亿美元IPO但推迟上市[10] 2023年6月从现有投资者募资4.33亿卢比[16] 跨境支付创新 - 俄罗斯Sberbank与印度支付应用Cheq合作[12] 推出基于UPI二维码的支付系统[16] - 俄罗斯游客可通过护照和印度签证注册Cheq应用[12] 经线下代理验证后通过Sberbank Online充值[12] - 服务覆盖印度所有主要城市[12] 突破Visa/Mastercard对俄罗斯的制裁限制[16] - Cheq是NPCI旗下UPI OneWorld计划许可机构之一[11] 数据保护立法 - 印度《数字个人数据保护法》(DPDP)将于2025年9月28日前完成规则制定[14] - 法律框架涵盖儿童数据处理、跨境数据传输及数据保护委员会设立[15] - 2022年11月发布草案征求意见[15] 2023年8月获议会通过及总统批准[15] - 2025年1月开放规则草案公众评议[15] 6月举行利益相关方研讨会[15]
India 10-year bond sees second weekly fall on Fed letdown
The Economic Times· 2025-09-19 12:05
The yield on the 10-year benchmark ended at 6.4885%, after closing at 6.5139% on Thursday. The yield rose marginally on the week, after climbing 2 basis points last week. Yields move inversely to prices. The Federal Reserve reduced interest rates by 25 bps and indicated 50 bps of more cuts in 2025. However, Chair Jerome Powell said the Fed will be in a "meeting-by-meeting situation" regarding the rate cut outlook, and framed the move as a risk-management cut. This indicates that the rate cut cycle may not ...
Midcap stocks fund managers kept buying for six months
BusinessLine· 2025-09-19 01:30
The Indian equity market has witnessed sharp swings over the past year, but the last six months have seen a notable rebound, particularly from March 2025, after a steep correction from the late-September 2024 peak through early March 2025. During this six-month period ending September 17, 2025, the Nifty 50 Total Return Index (TRI) advanced 14 per cent, while the Nifty Midcap 150 TRI and Nifty Smallcap 250 TRI gained 21 per cent and 24 per cent, respectively.This rebound coincided with steady mutual fund in ...
After 4 days of gains, rupee closes 32 paise lower at 88.13
The Economic Times· 2025-09-18 23:53
The local currency closed 32 paise lower at 88.13 per dollar, compared with the previous close of 87.8150/1$.The rupee had gained amid broad weakness in the dollar in anticipation of a rate cut by the Late Wednesday, the US Fed cut Immediately after the rate announcement, the dollar weakened further but rebounded after Powell signalled caution and the so-called "dot plot" indicated only 1 rate cut in 2026, currency dealers said.Live Events"Dollar weakness is expected to persist as the rate cut cycle in 202 ...
Personal data of nearly 3 million customers of this credit card company leaked
MINT· 2025-09-18 15:12
Credit Cards: South Korean credit card company Lotte Card, controlled by private equity fund MBK, said that the personal data of 2.97 million customers has been leaked as a result of a hacking attack, reported Reuters. Lotte Card was set up in Dec 2002 as a technical and business company licensed by American Express and Lotte Department Store, its Wikipedia page shows.Among the credit card customers who had been affected, some 280,000 had sensitive data leaked that could be abused for card fraud, Lotte Card ...
What credit card delinquency means for you and how to overcome it
MINT· 2025-09-18 10:44
Credit card delinquency is simply the situation in which a cardholder fails to make payments of even the minimum amount due on their credit card bill by the due date. This is a major negative and is scrutinised deeply when such an individual applies for personal loans or credit cards in the future.Furthermore, when the repayment delay extends beyond 30 days, penalty charges and higher applicable interest rates might be applied to all such credit card holders. This can harm one’s credit profile and cause dec ...
IndiGo IDFC FIRST Bank Dual Credit Card: How spending smart can get you flying free
MINT· 2025-09-18 08:25
印度航空市场概况 - 2025年7月印度国内航空公司载客量达1260万人次[1] - IndiGo航空以821.5万乘客量占据65.20%市场份额[1] 联名信用卡产品特性 - 由IDFC FIRST银行与IndiGo航空联合发行的联名信用卡[3] - 提供Mastercard和RuPay双卡版本并共享信用额度[4] - 外币交易手续费仅1.49% 显著低于行业3.5%平均水平[12] 会籍费用结构 - 加入费用4,999卢比+税费 可获5,000BluChips代金券及餐券[5] - 替代方案可通过10万卢比定存免缴加入费用[5] - 年度续约费4,999卢比+税费 续约可获得5,000BluChips代金券及餐券[6] 奖励积分机制 - 通过IndiGo官方渠道订票每100卢比消费可获得6BluChips[8] - UPI交易每100卢比可获得0.5BluChips[8] - 保险/公用事业/燃油等消费每100卢比可获得0.5BluChips[8] - 其他合格消费每100卢比可获得3BluChips[8] - 年度消费达20万卢比可获5,000BluChips奖励券[8] - 年度消费达50万/80万/100万/120万卢比均可额外获得5,000BluChips奖励券[8] - 年度最高可获得25,000BluChips奖励券[7] 积分加速计划 - 结合忠诚度计划最高每100卢比消费可获得22BluChips[9][16] - 包含6BluChips基础积分+12BluChips渠道奖励+4BluChips会员等级奖励[16] 积分兑换规则 - 积分可用于国内及国际航班预订[9] - 支持积分与现金组合支付方式[10] - 无航班日期使用限制[11] - 经济舱和伸展舱均可使用积分兑换[11] 特殊客群服务 - 支持通过定存担保方式申请信用卡[13] - 定存期间资金不可提取 到期自动续存[14] - 为信用记录不足用户提供建立信用评分途径[14] 目标客群定位 - 主要面向IndiGo航空常旅客设计[15] - 适合年消费量较高的频繁飞行用户[17] - 通过积分兑换可实现免费航班预订[17]
Dreamfolks exit: Is your credit card blocked from airport lounges?
MINT· 2025-09-17 07:25
公司业务调整 - Dreamfolks Services正式退出印度机场贵宾厅聚合业务 作为印度最大机场贵宾厅聚合商 该决定通过周二证券交易所文件宣布[1] - 公司曾作为银行、信用卡发行方与机场贵宾厅运营商之间的中介机构 为数百万旅客提供无缝接入服务[2] - 业务模式包括通过Visa、万事达和Diners Club等卡组织提供贵宾厅接入服务 Diners Club网络中的HDFC银行信用卡用户将受服务暂停影响[6] 竞争格局变化 - 面临TFS和Adani Digital(LoungeOne)等新兴中介机构的竞争压力[3] - 主要贵宾厅运营商Encalm(德里等GMR机场)及Semolina Kitchens(孟买、勒克瑙)近期从Dreamfolks平台撤出贵宾厅资源[3] - ICICI银行、Axis银行和IDFC FIRST银行等大客户自2025年7月起开始转向其他平台 ICICI和Axis银行成为首批转移的机构[4] 银行合作替代方案 - ICICI银行和Axis银行转与Adani集团旗下LoungeOne合作 该平台覆盖16个机场包括艾哈迈达巴德、班加罗尔、孟买和浦那等主要城市[4] - IDFC银行借记卡用户转向使用TFS的Elite Assist平台 信用卡用户暂未收到通知[5] - 持有超级高端信用卡(如SBI Card Elite、ICICI Bank Sapphiro、HDFC Infinia、Axis Magnus)的用户可通过Priority Pass会员继续享受贵宾厅服务[7] 用户影响范围 - 主要银行客户可通过替代聚合商继续使用贵宾厅服务[5] - 小型银行客户可能面临贵宾厅准入障碍 需等待银行建立新合作关系[7][8] - HDFC银行仅Diners网络信用卡受影响 其他网络信用卡仍可在LoungeOne平台列出的机场使用[6]