Business
MDR on person-to-merchant UPI payments above Rs 2,000: Who pays and what changes for you? FAQs answered
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…
Indian Rupee: Rupee falls 0.4% to 95.96 against dollar, sharpest single-day drop in two months
File photo: A man walks past an Indian Rupee symbol installation at the Reserve Bank of India (RBI) headquarters in Mumbai (Picture credit: Reuters) The Indian rupee fell 0.4% against the US dollar on Tuesday, logging its sharpest single-day decline in two months as rising oil prices and expectations of higher US interest rates weighed…
Russian oil squeeze, China competition, Saudi pipeline shut: Why India faces a crude triple whammy
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…
She transferred Rs 3.25 lakh to her father, but last 4 account digits were wrong; money went to another account, Karnataka High Court orders bank to return it
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…
India Trade Deficit: India’s exports jump 25.4% in August, narrowing overall trade deficit to $9.41 billion
India’s overall trade deficit shrinks as exports grow faster than imports in August (representative image) India’s overall trade deficit narrowed to $9.41 billion in August 2026 from $11.62 billion in the same month last year, as exports grew at a faster pace than imports, according to official trade data released on Tuesday.Overall exports, including merchandise…
Essar arm to buy UK fuel retailer for nearly $550 million
NEW DELHI: Essar Energy Transition’s retail arm has agreed to acquire independent UK forecourt operator SGN Retail in a deal estimated at about 400 million pounds ($540 million or Rs 5,166 crore), adding 118 sites to its network and creating a 235-site estate as it seeks to build a vertically integrated fuel business in Britain.EET…
Coforge hires Egon Zehnder to find two ind directors
Bengaluru: Coforge has appointed global executive search firm Egon Zehnder to identify two additional independent directors as the company moves to strengthen its board, following the resignations of chairman OP Bhatt and Nomination and Remuneration Committee (NRC) chair DK Singh. The board said the governance issues that led to the exits had no impact on…
Real estate businessman lost Rs 34.21 lakh in F&O trading; taxman called it speculative, but ITAT Delhi allowed Rs 25.09 lakh as business loss: Here’s why
The AO invoked the Explanation to Section 73. (Image for representative purpose only) A taxpayer from Mathura earned Rs 8.64 crore through his real estate trading business. However, the said taxpayer alsoincurred a loss of around Rs 34 lakh from futures and options (F&O) trading in the stock market. When the taxpayer filed his income…
Gold price prediction today: Will bearish bias continue? Check outlook for September 15, 2026 week
Overall, the weekly bias remains cautious to bearish below Rs 155,700. Gold price prediction today: Gold outlook remains tilted to bearish as corrective pressures persist, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Below is his outlook on gold prices:Gold remains under corrective pressure after the sharp rejection from the…
Stock Market Live Updates Today: D-Street erases early gains; BSE Sensex turns red, Nifty50 slips below 23,400
Indian benchmark indices opened higher on Tuesday, with the BSE Sensex rising around 400 points and the Nifty climbing above 23,500, despite persistent concerns over elevated crude oil prices and geopolitical tensions in West Asia. Oil prices rose above $100 a barrel as attacks on Saudi energy infrastructure disrupted the kingdom’s East-West pipeline and renewed…