Business

The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among others, may choose to absorb the cost. The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, subject to an overall cap of Rs 300. For utility…

Fundamentally, gold’s near-term outlook stays cautiously bearish, with Fed guidance the key swing factor. Gold price prediction today: Gold’s outlook in the near-term continues to be cautiously bearish, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Below is here detailed view and outlook on gold prices:Oil prices have…

Benchmark Sensex tanked 778 points while the broader stock index Nifty closed at a five-month low on Tuesday amid surging oil prices, geopolitical tensions and weak trends in global markets. The 30-share BSE Sensex tumbled 777.94 points, or 1.04 per cent, to settle at a three-month low of 74,003.82, dragged by losses in blue-chip banking,…

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: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion’s share of the fees. While third-party payment apps will receive a smaller share, the MDR will make the biggest difference to them as their business model suddenly becomes sustainable without having to look for alternative…

PM Modi and Canadian PM Mark Carney (File photo) New Delhi: India and Canada, which is in the midst of an intense trade battle with the US, may finalise a trade deal by the end of the year, if not earlier, commerce secretary Rajesh Agrawal said.The statement comes amid ongoing talks at the official level,…

Bengaluru: Oracle began a fresh round of layoffs in India on Monday, affecting several mid- to senior-level employees in web development and maintenance, people familiar with the matter said. Some sources estimated that 1,000-1,500 employees in India could be affected, though TOI could not independently verify the figure. An email sent to Oracle did not…

New Delhi: Goods exports jumped over 26% to $43.8 billion, the fastest pace of expansion since June 2022, due to a surge in electronics, engineering goods and petroleum products, while lower gold shipments helped moderate import growth to 14%, and narrow the trade deficit to $26.9 billion, a five-month low.Latest data released by the commerce…