In July 2025, PhonePe extended its dominance in the UPI ecosystem with a commanding 46.7% market share, followed by Google Pay at 36.2%. Paytm held 7.1%, while other players accounted for the remaining 10%.
Category: Finance
India Becomes the ‘Largest Bitcoin Holder’ in Retail with $120 Billion
India has quietly risen to become one of the largest holders of Bitcoin in the world, with an estimated $120 billion in retail ownership — nearly a million coins, or over 5% of the global Bitcoin supply. While the U.S. still leads in total national holdings, India tops the charts in crypto adoption, now ranked #1 on the Global Crypto Adoption Index by Chainalysis. More than 90 million Indians own crypto, but the lion’s share of value is concentrated among a few thousand high-net-worth investors and institutions.
Axis Trustee Unveils “AVA” – India’s First AI-Powered Chatbot for Trustee Services
Axis Trustee Services Ltd. has unveiled AVA (Axis Trustee Virtual Assistant), the first AI chatbot in India’s trustee services industry, offering real-time support, seamless service requests, and smarter client engagement—pioneering a bold new digital era for fiduciary services.
Exim Bank Pays ₹325 Cr Dividend to Finance Minister Nirmala Sitharaman for FY 2024-25
Finance Minister Smt. Nirmala Sitharaman received a dividend cheque of ₹325 crore from Smt. Harsha Bangari, Managing Director of India Exim Bank, for the financial year 2024-25. The dividend highlights the bank’s robust financial performance and continued contribution to the nation’s development.
ITR-2 and ITR-3 Excel Utilities Released: Everything You Need to Know for AY 2024–25
The Income Tax Department has released the Excel utilities for ITR-2 and ITR-3 forms for Assessment Year 2024–25, enabling eligible taxpayers to file their returns offline. Here’s a look at who can file using these forms, key changes introduced, and how to download and use the new utilities.
