India's retail inflation surged to 5.54 per cent in September, primarily due to a significant increase in onion and other food prices, remaining just within the Reserve Bank of India's tolerance band. This marks the highest inflation since the new series with base year 2024 took effect in January.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant (P2M) UPI payments above Rs 2,000, originally set for October 15, until after Diwali.
Indian benchmark indices, Sensex and Nifty, closed lower on Monday due to elevated crude oil prices, escalating US-Iran hostilities, and concerns over a potential US interest rate hike, impacting investor sentiment.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
Reserve Bank of India (RBI) Governor Sanjay Malhotra stated that surplus liquidity in the banking system is expected to drain within the current financial year, utilising tools like currency leakage, sell-buy swaps, open market operations (OMOs), and variable rate operations.
Designed for demanding work environments, the Dell Pro Rugged 13 Extreme combines a compact 13.3-inch touchscreen with powerful Intel processing, AI capabilities and flexible battery options.
Abhishek Sharma joined India's 2,000-run T20I club with a blistering 69 off 30 balls, equalling Suryakumar Yadav's calendar-year sixes record and registering his seventh powerplay fifty.
The Gujarat government has proposed to allot a long-disputed municipal plot in Vadodara to former cricketer Yusuf Pathan, gifting 500 square metres and offering the rest at a concessional rate. This proposal comes months after Pathan, a newly elected MP, broke away from the Trinamool Congress to join the NDA. The plot has been subject to legal battles and encroachment notices since 2012.
The lack of faster growth in salaried jobs may well account for the degrowth in the unemployed educated population who are actively seeking jobs.
The Indian government has revised its windfall tax on fuel exports, increasing the levy on petrol exports to Rs 2.5 per litre while cutting the duty on diesel exports to Rs 8.5 per litre, effective October 16.
'Read the prospectus as a capital allocator deciding whether the business deserves your capital at the offered price.'
Wasim Jaffer says India missed Rinku Singh's finishing prowess against West Indies, while cautioning against expecting Naman Dhir to bowl four overs and stressing his batting value.
The Marylebone Cricket Club (MCC) has relaid Pitch 9 at Lord's after it received an "unsatisfactory" rating from the ICC following England's Test against New Zealand in June. The pitch, which saw all 40 wickets fall in just 166 overs, will be out of use for at least the next two seasons. MCC has launched a comprehensive review of pitch preparation and plans to use hybrid surfaces to mitigate the impact.
'The Indian market has struggled over the past two years.' 'It peaked in September 2024, and although it has moved up and down since then, investors have not really made money.'
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Luxury car buyers in India are spending lakhs -- and sometimes crores -- to make their cars truly their own, turning personalisation into a growing business opportunity for automakers.
The laptop features a 2.8K OLED display with a 120 Hz refresh rate, Wi-Fi 7 connectivity and a backlit keyboard, while weighing less than 1 kg.
The Union Sports Ministry has committed a grant-in-aid of Rs 2000 crore to the Gujarat Government for hosting the 2030 Commonwealth Games in Ahmedabad. This funding, based on 2025 rates and expected to reach Rs 2500 crore by 2030, will be disbursed from the Assistance to National Sports Federations (ANSF) scheme. Ahmedabad won the bid last year to host the centenary edition, which is anticipated to be a grand event featuring 15 to 17 disciplines, unlike the scaled-down Glasgow Games.
Ravichandran Ashwin backs in-form West Indies skipper Shai Hope for an IPL contract, identifying defending champions RCB as a potential fit despite concerns over overseas combinations and batting position.
Tilak Varma discusses India's changing batting order, his preparation for the finisher's role and the positives from the West Indies T20I series ahead of New Zealand.
The Kerala Legislative Assembly has passed a motion urging the central government to completely withdraw the proposed Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000. Chief Minister V D Satheesan and CPI MLA K Rajan highlighted concerns that the MDR would increase business costs, harm small businesses, and reduce the appeal of digital payments, while the BJP argued it would not affect general public or small merchants.
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The Congress party has questioned the Modi government's decision to defer the Merchant Discount Rate (MDR) on UPI transactions, alleging a potential "U-turn on the U-turn." Congress general secretary Jairam Ramesh highlighted previous denials by the finance minister regarding MDR imposition, only for it to be announced later and now deferred. He expressed concerns about future charges on UPI transactions.
HDFC Bank has initiated an internal enquiry into the alleged leak of confidential information by two senior executives, with investigators examining whether the disclosed information was misused.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
The Indian women's cricket team is set to complete a 3-0 T20I series sweep against Zimbabwe in the final match in Raipur, buoyed by strong performances from captain Smriti Mandhana, Shafali Verma, and debutant Niki Prasad.
A video from Maharashtra's Latur district has gone viral, showing a sarpanch discussing a "rate card" for bribes allegedly demanded by officials to approve government aid for villagers. The sarpanch claimed that Panchayat Samiti members and officials were demanding money for schemes like wells, cattle sheds, and housing. Authorities have sought an explanation from the sarpanch and are investigating the allegations.
The GST Council has approved significant reforms including removing the arrest power of tax officials, raising the prosecution threshold fivefold to Rs 5 crore, and introducing faster, largely automated refunds for taxpayers. These changes, aimed at fostering trust and easing business, will be implemented from April 1, 2027.
Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
Former Indian cricketer Cheteshwar Pujara has lauded Abhishek Sharma for becoming the fastest batter to reach 2,000 T20I runs, comparing his explosive ability to Chris Gayle. Pujara also highlighted Sharma's growing maturity and Ishan Kishan's crucial role at number three for the Indian team in the shortest format, emphasising his powerplay maximisation.
Pandurang Kumbhar, 41, from Pune, changed his eating habits, made walking and running part of his routine, and used a smart watch and AI to track his progress. Here, he shares how his weight dropped by 16.45 kg and several of his health and fitness markers improved.
A CII white paper released Thursday outlines a strategy for India's media and entertainment sector to achieve a USD 100 billion valuation by the early 2030s, requiring an annual growth rate of 15 per cent and significant policy reforms. The paper identifies key areas for growth, including broadcasting reform, anti-piracy measures, and investment in regional markets.
Little Thomas may have its heart in the right place, but its storytelling never quite catches up with its intentions, rues Mayur Sanap.
'There is more trust in Shivam Dube because he has done it for India. Nitish Kumar Reddy has bowled well for SRH, but so far for India in T20Is, unfortunately, he hasn't played that role yet.'
The Vivo V80 brings together a high-resolution AMOLED display, Zeiss-powered cameras and a large 7,200 mAh battery, making it a feature-packed option in the premium smartphone segment.
A report by IIT Bombay suggests that the proposed Merchant Discount Rate (MDR) framework for Unified Payments Interface (UPI) transactions needs rationalisation before implementation to safeguard public trust in the digital payments system, highlighting that UPI's long-term economic benefits outweigh potential incremental income from merchant fees.
Indian cricketers Shubman Gill, Abhishek Sharma, Sree Charani, and Shafali Verma have been shortlisted for the ICC Men's and Women's Player of the Month awards for September, recognising their exceptional performances in recent international matches.
Madhya Pradesh Lokayukta police raids have uncovered 46 immovable properties worth an estimated Rs 64 crore allegedly linked to head constable Firoz Khan, his family, and associates. The properties, including houses and land, far exceed his legitimate income over 24 years of service, prompting an ongoing investigation under the Prevention of Corruption Act.
Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
