News for 'Rs'

Samsung Galaxy A07s Has A 50 MP Camera, 5,000 mAh Battery

Samsung Galaxy A07s Has A 50 MP Camera, 5,000 mAh Battery

Rediff.com6 days ago

Samsung has expanded its budget smartphone line-up with the launch of the Galaxy A07s in select global markets. Available through the company's website, the new handset comes in three colour choices and two RAM and storage variants, bringing a fresh option to the affordable smartphone segment.

Ajit Agarkar opts out of 2nd stint as BCCI chief selector, search for successor underway

Ajit Agarkar opts out of 2nd stint as BCCI chief selector, search for successor underway

Rediff.com6 days ago

Ajit Agarkar has informed the BCCI he will not continue as chief selector, prompting the board to begin searching for his successor as his contract ends October 4.

PM promises Rs 1 lakh crore Innovation Fund for start-ups

PM promises Rs 1 lakh crore Innovation Fund for start-ups

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.

RBI Deputy Governor Dismisses MDR Concerns, Clarifies Cash Paradox

RBI Deputy Governor Dismisses MDR Concerns, Clarifies Cash Paradox

Rediff.com6 days ago

RBI Deputy Governor Shirish Chandra Murmu has dismissed concerns that the new Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will increase cash transactions. He also clarified the 'cash paradox' of rising digital payments alongside cash in circulation, explaining cash's dual role. Murmu further detailed the RBI's extensive regulatory changes aimed at reducing compliance burdens and emphasised that accountability for AI-driven decisions in finance will remain with institutional boards.

IIT grad, bank manager among 6 held for 'digital arrest' scam

IIT grad, bank manager among 6 held for 'digital arrest' scam

Rediff.com6 days ago

Mumbai Cyber Police have apprehended six individuals, including an IIT graduate and a bank manager, for allegedly defrauding a senior citizen of Rs 1.12 crore through a "digital arrest" scam. The victim was coerced into transferring funds after being threatened with family arrest by impersonators.

MPs Express Alarm Over New UPI Merchant Fee

MPs Express Alarm Over New UPI Merchant Fee

Rediff.com16 Sep 2026

Opposition MPs have voiced strong concerns regarding the government's decision to levy a 0.4 per cent fee on UPI payments above Rs 2,000 made to merchants, effective October 15. They argue that this "anti-people" move will negatively impact a large segment of the population, despite the finance ministry clarifying that the charge is on the merchant ecosystem and not directly on customers for P2P or small payments.

BJP govt to withdraw cases against Kurmis registered under TMC rule

BJP govt to withdraw cases against Kurmis registered under TMC rule

Rediff.com4 days ago

West Bengal Chief Minister Suvendu Adhikari announced the withdrawal of all cases against the Kurmi community filed by the previous TMC government. He also pledged to include Kurmali and Rajbanshi languages in the Eighth Schedule of the Constitution and reactivate the Kurmi Development Board, allocating Rs 50 crore for community development.

August IPOs Hit Jackpot With 100% Listing Gains

August IPOs Hit Jackpot With 100% Listing Gains

Rediff.com15 Sep 2026

Eighteen mainboard IPOs raised Rs 28,976 crore and carry Rs 2.48 trillion of market value -- 8.6 times the capital raised.

'Alia Bhatt Is Very Easy To Work With'

'Alia Bhatt Is Very Easy To Work With'

Rediff.com16 hours ago

Actor Arif Zakaria on directors, actors and movies he has done in a remarkable career spanning 40 years.

Mumbai's Oldest, Richest Ganpati Pandals

Mumbai's Oldest, Richest Ganpati Pandals

Rediff.com5 days ago

A look at some of the oldest, richest and famous Ganesh pandals in Mumbai.

India Rejects US Influence Claims Over UPI MDR Policy

India Rejects US Influence Claims Over UPI MDR Policy

Rediff.com7 days ago

The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.

CM Majhi Inaugurates Odisha T-20 League For Grassroots Cricket

CM Majhi Inaugurates Odisha T-20 League For Grassroots Cricket

Rediff.com4 days ago

Chief Minister Mohan Charan Majhi inaugurated the first 'Odisha T-20 League CM Trophy' at Barabati Stadium, aiming to provide a platform for cricketing talents. The league, with ambassadors like Suresh Raina, seeks to identify rural talent and is supported by a significant government investment of Rs 4,124 crore for sports infrastructure development, including new stadiums and the renovation of Barabati Stadium.

BCCI Fines Tamil Nadu Batter Rs 1 Lakh For Mobile Phone Use

BCCI Fines Tamil Nadu Batter Rs 1 Lakh For Mobile Phone Use

Rediff.com14 Aug 2026

A young Tamil Nadu batter has been fined Rs 1 lakh by the BCCI's Anti-Corruption and Security Unit (ACSU) for violating the Players and Match Officials Area (PMOA) protocol during a Tamil Nadu Premier League game by using his mobile phone. The player, a left-hander who scored two fifties in last year's Ranji Trophy, was texting his girlfriend during the match.

Mayawati Criticises New UPI Merchant Transaction Fee

Mayawati Criticises New UPI Merchant Transaction Fee

Rediff.com6 days ago

BSP chief Mayawati has criticised the Centre's decision to introduce a 0.4 per cent fee on UPI merchant transactions exceeding Rs 2,000, effective October 15. She termed it a "capitalist profiteering attitude" that burdens the common people, while the government clarified that the charge is on merchants and not customers for person-to-person transactions.

Congress Slams Government Over New UPI Charges, Cites US Pressure

Congress Slams Government Over New UPI Charges, Cites US Pressure

Rediff.com16 Sep 2026

The Congress party has accused the Indian government of imposing new charges on UPI transactions due to pressure from the United States, specifically to benefit American card companies. The opposition party demanded the withdrawal of the decision, calling it "anti-national" and alleging it fills the coffers of US firms while burdening Indian citizens. The government, however, clarified that the Merchant Discount Rate (MDR) charges apply only to commercial transactions above Rs 2,000 and are not levied on consumers, a stance supported by the BJP which accused Congress of spreading "fake news".

Why have Promoters Borrowed Rs 7 Trillion?

Why have Promoters Borrowed Rs 7 Trillion?

Rediff.com29 Aug 2026

The absolute amount of money raised is more than three times the 2 trillion seen before the pandemic (June 2019).

Xiaomi 18 Fold: The 219 gm Foldable With A 7.58-inch Screen

Xiaomi 18 Fold: The 219 gm Foldable With A 7.58-inch Screen

Rediff.com7 days ago

Xiaomi has unveiled its first mid-sized book-style foldable in China, called the Xiaomi 18 Fold. Designed to blend compact dimensions with a larger viewing area, the handset folds down to roughly passport size and opens into a 7.58-inch tablet-style screen. Despite its larger inner display, it weighs just 219 gm and is 5.02 mm slim when opened.

ACB Registers Two Cases Against JKAS Officer For Corruption

ACB Registers Two Cases Against JKAS Officer For Corruption

Rediff.com7 days ago

The Anti-Corruption Bureau (ACB) has registered two separate First Information Reports (FIRs) against Sheeba Inayat, a Jammu and Kashmir Administrative Service (JKAS) officer. The charges include amassing assets disproportionate to her known income and alleged malpractices in the distribution of Public Distribution System (PDS) foodgrains, leading to a wrongful loss of over Rs 2.61 crore.

Private Sector Capex Rises 7% in FY25, Govt Spending Slows

Private Sector Capex Rises 7% in FY25, Govt Spending Slows

Rediff.com15 Sep 2026

Private corporations in India invested approximately 30.3 trillion in fixed assets during FY25, marking a 7 per cent increase from the previous year, according to the statistics ministry. This growth in private capital expenditure contrasts with a slowdown in government capital spending.

Congress Alleges Modi Govt Paving Way For UPI Fees, Surrendering To US Pressure

Congress Alleges Modi Govt Paving Way For UPI Fees, Surrendering To US Pressure

Rediff.com15 Sep 2026

The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."

Stock Markets Today: Sensex Slips After Opening higher, Nifty Flat

Stock Markets Today: Sensex Slips After Opening higher, Nifty Flat

Rediff.com7 days ago

Indian benchmark indices, Sensex and Nifty, traded marginally higher in early trade despite the US Federal Reserve's recent rate hike and indications of further tightening, with the National Stock Exchange's much-anticipated Rs 22,569-crore IPO also opening for subscription.

Irdai proposes phased reduction in insurer expense limits, new commission framework

Irdai proposes phased reduction in insurer expense limits, new commission framework

Rediff.com13 hours ago

The Insurance Regulatory and Development Authority of India (Irdai) has proposed a phased reduction in the expenses of management (EoM) limits for insurers, aiming to lower the overall cost of insurance and enhance returns for policyholders. The proposals also include a new framework for commissions, stricter measures against mis-selling, and mandatory cost audits.

Government Directs No Charges On Small UPI, RuPay Transactions

Government Directs No Charges On Small UPI, RuPay Transactions

Rediff.com15 Sep 2026

The Indian government has mandated that banks and payment providers cannot levy charges on UPI transactions up to Rs 2,000 or on payments made via RuPay debit cards. This directive follows an amendment to the Payment and Settlement Systems Act, 2007, aiming to sustain and expand the digital payments ecosystem.

Skip The iPhone Duo, Take These International Trips Instead

Skip The iPhone Duo, Take These International Trips Instead

Rediff.com11 Sep 2026

Rs 299,900 can buy you Apple's first foldable iPhone. Or it can buy you a passport full of memories, a suspiciously large holiday wardrobe and enough airport coffee to develop a personality.

Indian Equities Close Flat as US Fed Rate Hike Weighs; NSE IPO Subscribed 39% on Day 1

Indian Equities Close Flat as US Fed Rate Hike Weighs; NSE IPO Subscribed 39% on Day 1

Rediff.com7 days ago

Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.

Ladakh groups to launch massive stir for statehood in Kargil on Sep 20

Ladakh groups to launch massive stir for statehood in Kargil on Sep 20

Rediff.com15 Sep 2026

The Kargil Democratic Alliance (KDA) announced a major protest rally in Kargil on September 20, demanding justice for victims of police firing in Leh last year and protesting the central government's perceived lack of seriousness in talks regarding Ladakh's demands. The KDA, along with the Leh Apex Body (LAB), rejected the compensation offered by the Lieutenant Governor as inadequate and called for the withdrawal of all cases against arrested protesters. They criticised the recent talks with the Ministry of Home Affairs as "unproductive" and reiterated their demands for statehood and the extension of the Sixth Schedule to Ladakh.

Why BharatPe Supports The New UPI MDR Framework

Why BharatPe Supports The New UPI MDR Framework

Rediff.com7 days ago

Fintech company BharatPe has expressed strong support for the government's new Merchant Discount Rate (MDR) framework for UPI merchant transactions, which introduces a 0.4% fee on transfers exceeding Rs 2,000. The company explicitly distanced itself from critical remarks made by its former co-founder Ashneer Grover, clarifying that his views do not represent BharatPe's stance. BharatPe CEO Nalin Negi highlighted that the framework aims to strengthen digital payment economics, protect consumers and small merchants, and expand adoption in underserved markets, with most transactions remaining unaffected.

Congress Labels New UPI Charges As 'Modi Tax', Alleges US Pressure

Congress Labels New UPI Charges As 'Modi Tax', Alleges US Pressure

Rediff.com15 Sep 2026

The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.

Why Tata Motors Unveiled the Sierra Legend Series

Why Tata Motors Unveiled the Sierra Legend Series

Rediff.com6 days ago

Tata Motors has launched the Sierra Legend Series, a new line of its iconic Sierra mid-SUV, designed to democratize premium features across all variants. This strategy, dubbed "Luxury, From The Base," aims to challenge traditional industry norms by offering high-end comfort, refinement, and technology even in entry-level models, ensuring the Sierra remains a benchmark in the competitive Indian automotive market.

Rentomojo IPO subscribed 73 times, Karamtara 62.6 times; 4 others also fully subscribed

Rentomojo IPO subscribed 73 times, Karamtara 62.6 times; 4 others also fully subscribed

Rediff.com11 Sep 2026

Six initial public offerings, including Rentomojo Ltd and Karamtara Engineering, were fully subscribed on their final day of bidding, with Rentomojo's IPO subscribed 72.88 times and Karamtara's 62.63 times, reflecting robust investor appetite in the primary market.

Mumbai court grants bail to 24-year-old student in fake PMO ID case

Mumbai court grants bail to 24-year-old student in fake PMO ID case

Rediff.com3 days ago

A Mumbai court has granted bail to Rohan Parikh, a 24-year-old student, and his bodyguard, Dilip Kunde, who were arrested for entering Jio World Plaza with a firearm and a fake PMO identity card. The court cited the lack of "overt malicious act" and the potential prejudice to the student's future as reasons for bail, setting a cash bond of Rs 50,000 each.

CBI books US missionary group The Timothy Initiative for FCRA breach

CBI books US missionary group The Timothy Initiative for FCRA breach

Rediff.com17 Sep 2026

The CBI has registered a case against USA-based Christian missionary group The Timothy Initiative (TTI) and its associates for allegedly misusing Rs 92.55 crore in foreign funds for missionary activities, violating the Foreign Contribution (Regulation) Act, 2010. The case, based on a Union Home Ministry complaint and ED investigation, highlights the alleged use of foreign debit cards and attempts to conceal identities.

Crude Oil, West Asia Tensions to Dictate Indian Stock Market Momentum

Crude Oil, West Asia Tensions to Dictate Indian Stock Market Momentum

Rediff.com4 days ago

Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.

Pistol reels lead MP police to Rs 3 cr cash in taxi driver's house

Pistol reels lead MP police to Rs 3 cr cash in taxi driver's house

Rediff.com18 Aug 2026

Police in Sagar, Madhya Pradesh, investigating social media videos of men brandishing pistols, unexpectedly discovered over Rs 3 crore in unaccounted cash hidden in a locked cupboard at a taxi driver's home. The money was found during a search for weapons, which were not recovered.

Bengaluru residents could pay up to Rs 25,000 for parking on roads

Bengaluru residents could pay up to Rs 25,000 for parking on roads

Rediff.com14 Aug 2026

Bengaluru's draft GBA (Parking) Rules, 2026, propose annual residential parking fees ranging from Rs 15,000 to Rs 25,000, depending on vehicle type. The rules aim to regulate on-street parking, requiring permits for residents and setting specific road-space requirements, with violations leading to penalties.

Finance Ministry Rejects US Influence Claims On UPI MDR

Finance Ministry Rejects US Influence Claims On UPI MDR

Rediff.com7 days ago

The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.

Paytm CEO Foresees Increased Profitability From New UPI Charges

Paytm CEO Foresees Increased Profitability From New UPI Charges

Rediff.com16 Sep 2026

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.

Nifty ends higher, Sensex dips amid mixed market signals

Nifty ends higher, Sensex dips amid mixed market signals

Rediff.com6 days ago

Indian benchmark equity indices, Sensex and Nifty, closed mixed on Friday. While a drop in crude oil prices offered some relief, weakness in IT stocks and several Tata Group counters, including a significant dip in Tata Chemicals and ongoing boardroom issues at Tata Sons, limited a broader market recovery.

Sebi acts swiftly against 'trade manipulation' in closing auction session, impounds Rs 3.67 crore

Sebi acts swiftly against 'trade manipulation' in closing auction session, impounds Rs 3.67 crore

Rediff.com20 Aug 2026

The Securities and Exchange Board of India (Sebi) has swiftly barred Copthall Mauritius Investment and Mansi Share & Stock Broking from the securities market for alleged manipulative trades during the closing auction session (CAS) on Sensex expiry. The regulator has also directed the impounding of wrongful gains totalling 3.67 crore from the two entities.

West Bengal Youngsters Dominate All India Sub-Junior Badminton Tournament

West Bengal Youngsters Dominate All India Sub-Junior Badminton Tournament

Rediff.com11 Sep 2026

West Bengal's Dhruv Singh, Anish Halder, Subha Mita Karmakar, and other young talents have advanced in the All India Sub-Junior (Under-13) Ranking Badminton Tournament held in Kolkata, showcasing strong performances against competitors from across 28 states and five union territories. The tournament features a significant prize purse, encouraging young badminton players.