The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
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.
Anup Bagchi, the incoming MD & CEO of HDFC Bank, is set to become India's highest-paid bank CEO with a proposed target annual compensation package of approximately 35.9 crore, including a significant variable pay component and a one-time joining bonus.
Ulips are similar to mutual funds except that they provide life cover, tax benefits and need to be kept for long term. On the other hand, term insurance is actually insurance where your dependents get sum insured in case you die, but nothing if you outlive the insurance term.
Institutional portion subscribed 12.68 times; retail crosses quota.
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.
Reliance Industries Ltd (RIL) has successfully raised a total of Rs 25,000 crore through domestic bond issues in September, including a recent Rs 13,000 crore 10-year bond at 7.90 per cent, as it prioritises funding certainty amidst expectations of a possible RBI rate hike and rising borrowing costs.
Jio Platforms' upcoming initial public offering (IPO) is anticipated to be India's largest to date, potentially listing among the top three stocks with a valuation of around Rs 12 lakh crore, and is expected to proceed without an offer-for-sale as current investors show no interest in diluting their holdings.
A term insurance policy is one of the most misunderstood products in India. Here are the right reasons why it is the best insurance option available.
Saudi Arabia's East-West pipeline shutdown could make crude costlier for India as refiners face fewer supply routes and rising freight and insurance costs.
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
UPI transactions saw a 27% volume increase and 20% value increase in the first half of the current fiscal year. Despite a slight moderation in September, the digital payment system is set to implement a 0.4% merchant discount rate on transactions over Rs 2,000, aiming for a sustainable revenue model. Small merchants and person-to-person payments remain exempt, and UPI's global presence continues to expand.
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
Most Indian investors start their investment journey with the wrong question. They ask, "Which fund will give the highest return?" instead of "How do I structure my investments so that I pay less tax, manage risk effectively, and still compound wealth over time?"
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
Artificial intelligence major Anthropic has launched AI inference capabilities in India through Amazon Bedrock, allowing its Claude AI models to process data within the country's jurisdiction. This strategic move addresses the growing demand from Indian entities, particularly in regulated sectors, for compliance with local data processing norms as per the Digital Personal Data Protection Act. The initiative strengthens Anthropic's commitment to the Indian market, enabling secure and compliant AI deployment for sensitive workloads and fostering trust among major enterprises like Reliance, CRED, and NPCI.
Sanjib Jha, CEO, Coverfox Insurance Broking answers your health insurance related queries.
Term insurance policy premiums are set to rise by 25 to 30 per cent with Munich Re, the largest reinsurer for the Indian insurance market, increasing its rates for underwriting portfolios of pure protection plans by up to 40 per cent. According to a senior executive of a private life insurance company, the global reinsurer has communicated its decision about increasing rates. About 8-10 insurance companies have been informed about the move, sources said.
Used-car financing has seen significant growth, but borrowers must be aware of higher interest rates, conservative loan-to-value ratios, shorter tenures, and the risk of owing more than the car's depreciated value. Understanding these factors is crucial for making informed decisions.
Proposal forms are often filled by the agent. Check the form after it is filled.
Surprised? Well, old age is no more associated with uncertainties with insurance companies coming out with specific plans for this segment!
Meesho, a value-commerce platform targeting middle- and lower-income geographies, is poised for significant growth driven by its asset-light model and low fulfilment costs, but faces intense competition from e-commerce giants and high valuations.
List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.
Premature surrender and withdrawal of life insurance policies in India have surpassed maturity payouts over the past five years, indicating a growing trend of policyholders exiting long-term policies before their full tenure, according to data presented in the Lok Sabha.
The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
'If crude remains above $100 per barrel, with restricted retail-price increases, OMCs could face negative petrol and diesel marketing margins, higher LPG under-recoveries, higher crude-landing, freight and insurance costs, working capital and debt accumulation and inventory losses if crude subsequently corrects sharply.'
While different individuals plan their finances differently based on their needs and incomes, it is also true that all individuals need to have a term plan in their financial portfolio.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Paralympic Committee of India president Devendra Jhajharia expressed confidence in the Indian contingent's performance at the upcoming Asian Para Games in Japan. He highlighted the team's focused training, stress-free environment, and recent successes, while also outlining long-term plans for the 2028 and 2032 Paralympics and addressing grassroots development challenges.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
'When buying a term insurance plan, you need to visualise today what could happen to your family tomorrow in your absence,' suggests Mahavir Chopra, director-health, Coverfox.com.
If you do not insulate your retirement corpus from the true cost of modern critical care, you don't have a retirement plan -- you have a fragile strategy waiting for an expensive medical emergency to break it
Term insurance is the purest form of insurance and is widely used by people of all backgrounds.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
'The way the government behaves, sometimes I ask myself: Are not Tamils Sri Lankans too? Why do you discriminate so much?'
A bird's eye view of what you should check out before buying term insurance policies.
Term life insurance policies are also called 'pure-risk policies' and 'pure life policies'; they have no savings or investment element in them; the premium includes only the cost of buying the life cover. Here are 6 term insurance policies compared on 5 parameters for you to choose from.
