MUMBAI: UPI’s new merchant fee is intended to recover some of the cost that the payments system has so far absorbed. Dilip Asbe, MD & CEO of NPCI, put the annual cost to the banking system at about Rs 21,000 crore, including Rs 2,000 crore to Rs 3,000 crore for SBI. In a fireside chat…
NEW DELHI: Govt on Thursday said the merchant discount rate (MDR) on UPI payments should be treated the same way as plastic payments, which are not passed on to consumers and will ask the Indian Bank Association (IBA) to ensure that merchants don’t burden customers once the new regime kicks in next month. Govt is…
MUMBAI: Tata Sons has formally rebuffed Noel Tata’s objections to N Chandrasekaran‘s reappointment as chairman, backing the Sept 17 board decision with legal opinions from three lawyers – senior advocate Sudipto Sarkar, former Chief Justice of India Uday Lalit, and former Supreme Court judge B N Srikrishna. The company said the vote was validly carried…
At the TOI Social Impact Summit 2026, government and business leaders discussed responsible growth, sustainable business models, philanthropy, ESG and the role of capital markets in creating social impact.India needs affordable, locally developed solutions to address some of its most pressing social and environmental challenges, Union Minister of Commerce and Industry Piyush Goyal said at…
Lauren Kyle opens up.(Image via Getty Images) Connor McDavid, the Edmonton Oilers’ star player and captain, has kept himself busy with the preseason amid the team’s recent win against the Winnipeg Jets. While his wife, Lauren Kyle, has been his cheerleader through every season, she is also a successful interior designer and entrepreneur who runs…
The woman told the tax authorities that the property was bought as an investment for future security. (Image for representative purpose only) What if you use your proceeds from long-term capital gains to buy a property owned by your spouse? Is that tax avoidance? In one such case a woman bought her husband’s property from…
File photo: N Chandrasekaran Tata Sons has told the Tata Trusts’ chairman Noel Tata that its decision to reappoint N Chandrasekaran as chairman was legally valid and consistent with the company’s internal governance framework, according to two people with direct knowledge of the letter, as cited by Reuters.The letter marks the conglomerate’s first formal response…
In 2015, the homebuyer decided to purchase two flats being offered by a Mumbai-based builder. Delayed possession of homes can cause grievances to homebuyers. But, what if the builder inserts clauses of deductions if you cancel the booking and ask for a refund?In one such case the Maharashtra Real Estate Appellate Tribunal (MahREAT), Mumbai, has…
There is a certain irony in NSE itself getting listed. The institution that has spent more than three decades providing a platform for companies to raise capital and investors to trade shares became a listed company on Thursday. Because Sebi’s rules do not allow a stock exchange to list on its own platform, NSE made…
The New Delhi-Varanasi service is around 40-50% faster than earlier services on the route. India’s infrastructure expansion has been continuing for several years now, with the fruits of the labour now visible in terms of less travel time between places. Across bridges, tunnels, expressways and railways, projects are replacing long detours, difficult terrain and slower…
