The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW DELHI: The Reserve Bank of India has backed the introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions, saying the move would help strengthen the long-term sustainability of India’s digital payments ecosystem.The National Payments Corporation of India…
Top stocks to buy on September 16, 2026. Stock market recommendations: PN Gadgil Jewellers, Mankind Pharma, and BEML are the top stocks recommended by Ganesh Dongre, Senior Manager – Technical Research, Anand Rathi Shares and Stock Brokers Limited for September 16, 2026. Below are the target prices and stop loss levels for these stocks.PN Gadgil…
Oil prices fell on Wednesday after an unexpected increase in US crude inventories outweighed concerns over supply disruptions following an attack on Saudi Arabia’s East-West pipeline.Brent crude futures declined 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate (WTI) crude futures dropped 97 cents, or 0.92%, to $104.86…
Mumbai: With Brent firmly trading significantly above the psychologically important $100/barrel mark, US 10-year yield at two-decade high at over 5%, India 10-year at above 7.1%, and rupee weakening close to 96/$, Dalal Street investors pressed the panic button on Tuesday. As a result, sensex lost about 1,400 points from the day’s high and closed…
New Delhi: Auto industry entered the festive season with dealers receiving more cars and scooters than in any previous Aug. Whether buyers match that pace at showrooms is the next test.Passenger-vehicle dispatches rose 36.5% year-on-year to 4,39,309 units, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Tuesday. But the increase…
MUMBAI: Anticipating a legal showdown with Tata Sons, Reserve Bank of India has lodged a caveat in Bombay high court after rejecting its application for deregistration as a core investment company, a status that would have exempted it from a stock market listing. The central bank has asked to be heard before any order is…
Nagpur: Solar Industries, a Nagpur-headquartered explosives manufacturer, has signed a definitive agreement to take over South Africa’s Omnia Holdings in a Rs 12,951 crore deal, leading to formation of one of the world’s largest and most integrated blasting solutions platform.Solar would also get access to key international markets, including US, Canada, Australia, Brazil and Indonesia,…
The upstairs owner was no longer willing to let repair workers enter his flat. (Image for representative purpose only) Co-habiting in a housing society can come with its set of challenges. One such case is of a ground floor flat occupant who was constantly troubled by water leakage from the first floor, and the problem…
India’s exports to the US rise 21.8%, China shipments jump 52.4% in August (representative image) India’s merchandise exports to the US and China recorded strong growth in August 2026, with shipments to the US rising 21.83% and those to China increasing 52.35% from a year earlier, according to commerce ministry data released on Tuesday.Exports to…
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…