New Delhi: The proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is neither a tax, cess nor a surcharge, and the collections will not accrue to the government, Finance Minister Nirmala Sitharaman said, rejecting criticism from Opposition parties. The Finance Minister said the MDR is a charge within the digital payments ecosystem and…
Two years after its September 2024 peak of about 26,277, the Nifty trades near 23,400, roughly 10 percent lower. For investors who entered after 2020, this is the first long sideways phase they have lived through. It is not the first India has seen. Since 1992, Indian equities have gone through at least four comparable…
Mumbai: Markets regulator Sebi board on Thursday approved a comprehensive overhaul of the portfolio management services framework, allowing portfolio managers to invest in initial public offerings, primary market debt issuances and a wider range of overseas securities. The Sebi board approved the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026, replacing the existing…
Kolkata: Adani Group Chairman Gautam Adani on Thursday said West Bengal must emerge as a key engine for the country’s next growth phase, asserting that the state’s strategic location made it essential to fulfil the vision of Viksit Bharat. He said much of India’s economic growth momentum over the past several decades had come from…
New Delhi: All banks, including Regional Rural Banks, will remain open on Sunday for the convenience of customers in view of a strike called by the United Forum of Bank Unions (UFBU), the finance ministry said in a statement on Wednesday. The UFBU, which claims to represent 90 per cent of the banking workforce, is…
The industrial atmosphere at the recently concluded bauma CONEXPO INDIA 2026 hummed with a heavy mix of diesel exhaust, hot asphalt, and fresh machinery paint. It served as the perfect backdrop for Volvo Construction Equipment to completely rewrite the rulebook of modern infrastructure, while eager crowds ducked past aggressive dust devils kicked up elsewhere in…
Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said he has asked Secondary Education Minister Gulab Devi to write to the National Council for Teacher Education (NCTE), so that an arrangement can be made after a certain period and protesting students can appear in competitive examinations. Speaking at an appointment-letter-distribution programme organised by the…
New Delhi:) The Congress on Tuesday took a swipe at SEBI for settling adjudication proceedings against five Adani group companies, with the firms collectively paying Rs 1.5 crore as the settlement amount, saying what “amazing courage” the market regulator has demonstrated. Sebi settled adjudication proceedings against five Adani group companies over alleged violations related to…
New Delhi: Realty firm Embassy Developments has agreed to sell a luxury residential tower in Mumbai to Angel One CMD Dinesh Thakkar for Rs 711 crore, marking one of the largest housing deals in the country. The tower has a total carpet area of 63,000 sq ft. In a regulatory filing on Tuesday, the company…
United Nations: India has co-sponsored an inaugural multilateralism summit at the UN “at a time when the global order is under stress”, as New Delhi asserted that more participative deliberations and transparent decision-making are overdue. External Affairs Minister S Jaishankar on Monday co-chaired the first-ever ‘Partners for Multilateralism, International Law, Peace & Prosperity (P4M)’ Summit…
