Mumbai: With Brent firmly trading significantly above the psychologically important $100/barrel mark, US 10-year yield at two-decade high at over 5%, India 10-year at above 7.1%, and rupee weakening close to 96/$, Dalal Street investors pressed the panic button on Tuesday. As a result, sensex lost about 1,400 points from the day’s high and closed … Read more
New Delhi: Auto industry entered the festive season with dealers receiving more cars and scooters than in any previous Aug. Whether buyers match that pace at showrooms is the next test.Passenger-vehicle dispatches rose 36.5% year-on-year to 4,39,309 units, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Tuesday. But the increase … Read more
MUMBAI: Will the reintroduction of MDR on select UPI transactions impact you in any way? Well, a lot will depend on individual retailers, even though the government has kept consumers beyond the ambit of the framework. MDR is charged to merchants by banks and payment networks for processing digital transactions.Many of the large merchants such … Read more
MUMBAI: Tata Group companies’ shares jumped on Tuesday after Reserve Bank of India directed Tata Sons to comply with upper-layer NBFC rules – including a mandatory listing. Seven listed Tata companies together hold 11.9% of Tata Sons, and a potential IPO could unlock value for them. Tata Chemicals led the rally, hitting its 20% upper … Read more
MUMBAI: Anticipating a legal showdown with Tata Sons, Reserve Bank of India has lodged a caveat in Bombay high court after rejecting its application for deregistration as a core investment company, a status that would have exempted it from a stock market listing. The central bank has asked to be heard before any order is … Read more
India’s exports to the US rise 21.8%, China shipments jump 52.4% in August (representative image) India’s merchandise exports to the US and China recorded strong growth in August 2026, with shipments to the US rising 21.83% and those to China increasing 52.35% from a year earlier, according to commerce ministry data released on Tuesday.Exports to … Read more
The upstairs owner was no longer willing to let repair workers enter his flat. (Image for representative purpose only) Co-habiting in a housing society can come with its set of challenges. One such case is of a ground floor flat occupant who was constantly troubled by water leakage from the first floor, and the problem … Read more
MDR applicability is determined by overall merchant account categorisation. A Merchant Discount Rate (MDR) of 0.4% will be applicable on person-to-merchant UPI transactions above Rs 2,000 from October 15, 2026, as per the latest notification from NPCI. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.Merchant Discount … Read more
Where does that leave India, a country that imports around 90% of its crude oil? India has managed to evade a major oil shock from the US-Iran conflict, but with a triple whammy loading – what are its best options? Russian crude oil continues to be the biggest component of India’s oil import basket but … Read more
While making the transfer, the money was inadvertently sent to another account. (Image for representative purpose only) You attempt to transfer money online but you end up sending it to the wrong account which is also dormant. What happens then? How do you get your money back?That’s the case of a woman who intended to … Read more