Business

Policymakers are evaluating two broad models for introducing a Merchant Discount Rate for UPI payments. India has taken a step towards allowing merchant charges on Unified Payments Interface (UPI) transactions after proposed amendments to the country’s payments law were introduced in Parliament on Tuesday.UPI, among the world’s largest real-time payment systems, handled 23.6 billion transactions…

US oil giants are “making too much money”, and Donald Trump is not happy about it.US President Donald Trump on Monday took aim at Exxon Mobil and Chevron, accusing the oil producers of profiting from supply shortages while motorists continue to pay elevated fuel prices. He further urged them to cut retail fuel prices instead…

Government’s stake sale in Life Insurance Corporation (LIC) saw strong participation from institutional investors in the first leg of the Offer-for-Sale (OFS), with nearly two-thirds of the shares reserved for them subscribed by noon on Tuesday.Data available till midday showed institutional investors had bid for more than 18.81 crore shares, amounting to 66.10% of the…

Which are the top stock picks for August 4, 2026? Stock market recommendations: Honasa Consumer, Gland Pharma, Bata India, and Siemens – these are the top stocks to buy picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for August 4, 2026:Buy Honasa Consumer at CMP; Stop Loss: 437 on a closing basis;…

Why a weaker dollar suits US president Trump (Photo credit: Reuters) The US has taken the extraordinary step of helping Japan pull the yen back from a four-decade low, signalling that Washington sees the currency’s collapse as more than Tokyo’s economic problem.The joint intervention drove the yen from nearly 164 against the dollar last month…

The Income Tax Department begins processing refunds only after a taxpayer completes e-verification of the return. Income tax refund status: Have you filed your income tax return within the deadline? Were you eligible for a refund and are wondering when the amount will be credited in your bank account? The deadline for filing Income Tax…

The July export shipment volume was the highest recorded for the month since Kpler began tracking the data in 2017. Amid the ongoing US-Iran conflict, India’s fuel exports have hit a 1-year high. Exports of refined petroleum products climbed to a one-year high in July, supported by strong diesel refining margins, Russia’s ban on diesel…

Gold price prediction today: Gold prices will continue to be influenced by US-Iran talks and macroeconomic data in America which would likely provide direction to the Federal Reserve on its rate decisions, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link

Tuesday’s opening bell had an unusual twist: the Nifty50 and BSE Sensex parted ways instead of moving in sync, leaving investors wondering about the rare phenomenon. While Nifty 50 was down 159.25 points, or 0.64%, at 24,615.00, BSE Sensex was up 166.15 points, or 0.21%, at 78,805.18 around 9:42 am.Explaining the move, the National Stock…

Food regulator FSSAI prohibited Dabur from selling many products. The Food Safety and Standards Authority of India (FSSAI) has prohibited Dabur India from selling several food products carrying “100 per cent” claims, saying such labelling are “ambiguous, unverifiable” and “likely to mislead consumers”.In a post on social media on Monday, the food regulator said it…