News for 'Business India'

Putin Offers More Fertilisers To India

Putin Offers More Fertilisers To India

Rediff.com25 Aug 2026

Russia remains India's biggest fertiliser supplier, with imports rising nearly 40 per cent in 2025.

Ashok Gehlot Slams Centre Over New UPI Transaction Charges

Ashok Gehlot Slams Centre Over New UPI Transaction Charges

Rediff.com6 days ago

Former Rajasthan chief minister Ashok Gehlot has criticised the Centre for introducing a 0.4% charge on UPI transactions above Rs 2,000, alleging the decision was influenced by pressure from the United States and its payment companies like Visa and Mastercard. He highlighted a perceived shift in the government's stance on Merchant Discount Rate (MDR) for UPI, claiming it would ultimately burden consumers and small businesses while benefiting American firms.

No BIS, no sale from 2027: Smartphone screen protectors face new rule

No BIS, no sale from 2027: Smartphone screen protectors face new rule

Rediff.com20 hours ago

The Indian government has made Bureau of Indian Standards (BIS) certification compulsory for smartphone screen protectors, effective April 1, 2027. This move aims to ensure product quality, curb low-quality imports, and significantly boost domestic manufacturing, creating a substantial industry and job opportunities.

BRICS represents 50% of world population, 40% of GDP: Ramaphosa

BRICS represents 50% of world population, 40% of GDP: Ramaphosa

Rediff.com12 Sep 2026

South African President Cyril Ramaphosa on Friday described BRICS as an important global forum, highlighting the grouping's growing demographic and economic weight and noting that its members account for around half of the world's population and 40 percent of global GDP.

Soundarya Shetty Is A Baddie Bigg Boss

Soundarya Shetty Is A Baddie Bigg Boss

Rediff.com5 hours ago

While Soundarya Shetty is currently busy making waves inside the Bigg Boss 13 Kannada house, her fashion game is already doing plenty of damage outside it.

Why Tata Trusts Should Let Go Of Tata Sons

Why Tata Trusts Should Let Go Of Tata Sons

Rediff.com7 days ago

A stake sale by Tata Trusts will help it to have a larger corpus that could be used to balance the unequal dividends that flow from Tata Sons on an ongoing basis.

Why MP Fuel Pumps Will Stop Accepting High-Value UPI Payments

Why MP Fuel Pumps Will Stop Accepting High-Value UPI Payments

Rediff.com4 days ago

Fuel pump dealers in Madhya Pradesh plan to stop accepting UPI payments exceeding Rs 2,000 for petrol and diesel from October 16, citing concerns over the proposed Merchant Discount Rate (MDR). The Confederation of All India Traders (CAIT) has urged the government to reconsider the MDR imposition, warning it could hinder digital payment adoption and impact traders' profits.

PNB targets wealth management entry by 2027, ramps up credit card portfolio

PNB targets wealth management entry by 2027, ramps up credit card portfolio

Rediff.com11 Sep 2026

State-run Punjab National Bank (PNB) is strategically planning to enter the wealth management segment by early 2027 and significantly expand its credit card portfolio, aiming to tap into lucrative markets largely dominated by private-sector banks.

Maruti Suzuki Bets On Premium Hatchbacks With New Baleno

Maruti Suzuki Bets On Premium Hatchbacks With New Baleno

Rediff.com15 Sep 2026

Maruti Suzuki India is strategically investing in the premium hatchback segment, launching a refreshed Baleno with advanced driver assistance systems (ADAS) to capture a significant share of the evolving Indian passenger vehicle market, even as SUVs continue their dominance.

'Three Days' Banking Strike Is A Big Issue'

'Three Days' Banking Strike Is A Big Issue'

Rediff.com5 hours ago

'There will be some inconvenience to people. But we have given one-month notice to the government one month ago.'

Sitharaman: GST Council to tackle process reforms, digital economy tax complexities

Sitharaman: GST Council to tackle process reforms, digital economy tax complexities

Rediff.com6 days ago

Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.

Now, Google to share child abuse case details with govt

Now, Google to share child abuse case details with govt

Rediff.com22 hours ago

Search engine major Google will also start sharing details of child sexual abuse cases and repeat offenders with the cybercrime division of the Indian Cybercrime Coordination Centre (I4C) of the Ministry of Home Affairs.

Tata Sons listing looms after RBI rejects plea on NBFC status

Tata Sons listing looms after RBI rejects plea on NBFC status

Rediff.com12 Sep 2026

The Reserve Bank of India (RBI) has rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, a decision that mandates a public markets listing for the conglomerate's holding company as it is classified as an upper-layer NBFC.

What Shapoorji Pallonji Mistry's Statement Says Between The Lines

What Shapoorji Pallonji Mistry's Statement Says Between The Lines

Rediff.com4 days ago

Shapoorji Pallonji Mistry's statement will be watched closely against the backdrop of the listing battle as well as the Tata leadership contest, with veto votes being cast over the reappointment of N Chandrasekaran as chairman of Tata Sons for a third term.

Shapoorji Pallonji Group backs Tata Sons listing, bolstering board's push

Shapoorji Pallonji Group backs Tata Sons listing, bolstering board's push

Rediff.com5 days ago

The Shapoorji Pallonji (SP) Group, the second-largest shareholder in Tata Sons, has publicly endorsed a listing of the Tata Group's holding company, aligning with the board's push for greater transparency and public accountability despite opposition from the Tata Trusts.

Bharti Airtel's Homegrown Cloud Platform Secures 40 Customers, Targets Manufacturing Sector

Bharti Airtel's Homegrown Cloud Platform Secures 40 Customers, Targets Manufacturing Sector

Rediff.com2 days ago

Bharti Airtel's homegrown cloud platform, Airtel Cloud, has acquired approximately 40 customers within a year of its launch, with a significant portion coming from the manufacturing sector. The platform, designed for Indian companies, offers sovereign, telco-grade cloud infrastructure, connectivity, and GenAI-based provisioning, addressing the growing demand for secure, India-hosted data solutions, particularly for sensitive workloads and regulated sectors.

Top Pharma Firms Maintain Volume Growth Amid Market Shift to Chronic Therapies

Top Pharma Firms Maintain Volume Growth Amid Market Shift to Chronic Therapies

Rediff.com1 days ago

India's 10 largest pharmaceutical companies have consistently maintained positive average volume growth throughout 2026, while smaller rivals have experienced more erratic performance, driven by a market shift towards chronic and sub-chronic therapies.

Paytm CEO Foresees Increased Profitability From New UPI Charges

Paytm CEO Foresees Increased Profitability From New UPI Charges

Rediff.com6 days ago

Paytm CEO Vijay Shekhar Sharma stated that the government's new Merchant Discount Rate (MDR) on large-value UPI transactions will significantly increase the company's revenue and profitability. The 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants, effective October 15, is expected to give Paytm a competitive edge. Sharma also highlighted the company's focus on generating free cash flow, expanding internationally, and developing proprietary artificial intelligence capabilities to drive future growth.

10 IPO Checks Before You Invest

10 IPO Checks Before You Invest

Rediff.com6 days ago

Dig into the prospectus. Use the prospectus to understand the business and its risks.

'This 2,000 MDR Limit Is Bogus'

'This 2,000 MDR Limit Is Bogus'

Rediff.com2 days ago

'These limits will change. Very soon restrictions, restrictions will come.'

Why NCP (SP) Calls UPI MDR A 'Betrayal'

Why NCP (SP) Calls UPI MDR A 'Betrayal'

Rediff.com2 days ago

The NCP (SP) has demanded a complete rollback of the 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. The party termed the move a "direct assault" on small traders and shopkeepers, accusing the Modi government of "double standards" by burdening small merchants while large industrialists benefit from loan write-offs.

ECs Disagreed With CEC On SIR

ECs Disagreed With CEC On SIR

Rediff.com4 hours ago

Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi repeatedly recorded that they had not been consulted or informed about decisions taken in the Commission's name, revealed an Indian Express report on Wednesday morning.

'If Earnings Growth Returns, Capital Can Flow Back To India'

'If Earnings Growth Returns, Capital Can Flow Back To India'

Rediff.com25 Aug 2026

'India is vulnerable to the West Asia crisis in three ways: Energy costs, the business Indian companies conduct in the region, and remittances from the Indian diaspora.'

AI-led pricing pressure to drive consolidation among mid-tier IT firms

AI-led pricing pressure to drive consolidation among mid-tier IT firms

Rediff.com1 days ago

India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.

4 India-based companies face US sanctions over Iran trade

4 India-based companies face US sanctions over Iran trade

Rediff.com25 Aug 2026

The United States has sanctioned four India-based companies, including a customs broker and three other firms, for their involvement in importing petroleum and petrochemical products from Iran. This action is part of "Operation Economic Outcast," a broader US campaign to sever Iran's financial lifelines and prevent funding for its destabilising activities.

Boxer Parveen Hooda Aims For Asian Games Redemption After Ban

Boxer Parveen Hooda Aims For Asian Games Redemption After Ban

Rediff.com7 days ago

Indian boxer Parveen Hooda is set to compete in the Asian Games, aiming to win a medal after her previous bronze was revoked due to a WADA suspension for whereabouts failures. Her comeback journey has been marked by significant challenges, including changing weight categories multiple times, overcoming injuries, and adapting her training to a new division. Hooda is determined to prove herself and achieve a podium finish, viewing it as unfinished business.

NSE IPO: 'Demand Is Unexpectedly Large'

NSE IPO: 'Demand Is Unexpectedly Large'

Rediff.com7 days ago

Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.

Lupin eyes $500 million from biosimilars, expands global footprint

Lupin eyes $500 million from biosimilars, expands global footprint

Rediff.com15 Sep 2026

Pharma major Lupin is significantly increasing its focus on biosimilars, aiming for a turnover of nearly $500 million from this segment over the next five years, driven by new product launches and expanded presence in key global markets like the US, Europe, and Japan.

New UPI MDR Fee Could Push Small Retailers Back To Cash, Warns RAI

New UPI MDR Fee Could Push Small Retailers Back To Cash, Warns RAI

Rediff.com7 days ago

The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.

RBI Deputy Governor: UPI MDR won't trigger shift back to cash

RBI Deputy Governor: UPI MDR won't trigger shift back to cash

Rediff.com4 days ago

RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.

Jindal Supreme IPO Subscribed 181 Times Signalling Strong Investor Confidence

Jindal Supreme IPO Subscribed 181 Times Signalling Strong Investor Confidence

Rediff.com4 days ago

Jindal Supreme (India) Ltd's initial public offering, a manufacturer of plastic piping solutions, was subscribed an astounding 181.07 times on its final day, reflecting robust investor demand across all categories.

New UPI Merchant Fee Sparks Volatility In Fintech Shares

New UPI Merchant Fee Sparks Volatility In Fintech Shares

Rediff.com7 days ago

The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).

MMA Fighter Varun Sanyal's Unforgettable Asian Games Debut

MMA Fighter Varun Sanyal's Unforgettable Asian Games Debut

Rediff.com1 days ago

Indian MMA fighter Varun Sanyal faced a challenging Asian Games debut, marked by logistical issues and a medical disqualification due to a weight-cutting incident. Despite the setback, Sanyal, an Indian citizen with Singapore PR, shares his journey in MMA, his 'fighting nomad' lifestyle, and his aspirations for Indian fighters.

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Rediff.com11 Sep 2026

Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

'Misleading and unfair': Govt bans advance tipping on ride-hailing apps

Rediff.com6 days ago

India's Consumer Affairs Secretary Nidhi Khare announced that cab aggregators have been ordered to cease advance tipping options, deeming the practice misleading and unfair. This follows the Central Consumer Protection Authority (CCPA) imposing a Rs 10 lakh penalty on Rapido for unfair business practices, including advance tipping and "dark patterns" that pressure users to pay more. Investigations into Uber and Ola are ongoing, with the government emphasizing that tipping should be voluntary and post-ride.

Who Derailed Tarique Rahman's India Visit?

Who Derailed Tarique Rahman's India Visit?

Rediff.com25 Aug 2026

Who is running the show in Dhaka? This kind of flip-flop, culminating in a last-minute decision to skip a maiden visit, can happen only when the remote is in the hands of one of the competing lobbies within the BNP -- one that appears determined to play a game of chess with India.

India's Largest Listed Holding Company...

India's Largest Listed Holding Company...

Rediff.com17 Aug 2026

The market capitalisation of these 41 companies ranged from Rs 30 crore to around Rs 1.26 trillion, as on August 7.

Rohit Sharma Still Has Unfinished Business

Rohit Sharma Still Has Unfinished Business

Rediff.com22 Jul 2026

The Hitman still probably hurts over missing World Cup glory in 2011 and his stellar career rightfully deserves one last hurrah at the ODI World Cup.

Why Have Major Trade Unions Been Excluded From Minimum Wage Panel?

Why Have Major Trade Unions Been Excluded From Minimum Wage Panel?

Rediff.com14 Sep 2026

'Major unions should be included. If this goes on, decision-making will become heavily one-sided and we will be forced to continue our strikes.'

Some give, some take for Indian automakers in EU FTA

Some give, some take for Indian automakers in EU FTA

Rediff.com1 days ago

India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.