Govt defers 0.4% merchant discount rate on UPI payments MUMBAI: Its official. There will be no MDR on UPI until the festival season is over. The National Payment’s Corporation of India’s The UPI and Services Steering Committee has deferred the implementation of merchant discount rates (MDR) on select person-to-merchant UPI transactions until immediately after Diwali,…
Jewellers are also turning to 18-carat, 14-carat and 9-carat gold. Gold prices have risen sharply from levels seen in last year’s festive season. The sharp hike in gold prices is prompting jewellery buyers to consider diamonds as an alternative, with retailers projecting a 15-20% increase in diamond jewellery sales this festive season.Retailers said the Navratri…
Govt defers 0.4% merchant discount rate on UPI payments NEW DELHI: The government on Tuesday deferred the rollout of a 0.4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. The National Payments Corporation of India (NPCI) has said that the charge would come into effect after Diwali, though the revised…
Tata Sons Chairman N Chandrasekaran India has the potential to become a significant player in the global semiconductor supply chain, but investments must be guided by demand, financial viability and the ability to execute projects, Tata Sons Chairman N Chandrasekaran said on Tuesday.Chandrasekaran said that semiconductors would be fundamental to the country’s future and meeting…
On September 23, 2026, the ITAT Bangalore ruled in his favour and granted him relief. (Image for representative purpose only) As a non-resident Indian are you liable to pay tax in India? In one such case, the Income Tax Appellate Tribunal (ITAT), Bangalore, has granted relief to an employee who received a tax notice over…
Top stocks to buy or sell on October 13, 2026 Stock market recommendations: Bank of India, GAIL, and Dabur India – these are the top stocks to sell today as picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for October 13, 2026. He has identified Dr Reddy’s Laboratories as the top stock…
Trading the range (buying the dips/selling into rallies) with a suitable and tight stop-loss is advisable presently. Gold price prediction today: Gold prices may rise in the short-term but the upside is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Let’s take a look: Gold Performance: On October 12,…
Dalal Street began Tuesday on a strong note, with tech-heavy stocks fuelling the gains and pushing the BSE Focused IT index and Nifty IT around 3% higher. HCLTech emerged as the top gainer, rising 5.74% to Rs 1,290 after reporting strong quarterly results a day earlier, backed by improved profitability metrics.Tata Consultancy Services (TCS), India’s…
Rupee jumps to 95 per dollar Rupee extended its winning streak on Tuesday, strengthening to 94.96 against the US dollar. The currency opened at 95.53 in the interbank market and rose 82 paise or 0.7% from its previous close. The latest gains come after rupee’s sharp rally on Monday, when it rose 93 paise to…
When the 2018 rent agreement expired in 2019, the landlords asked the tenant to vacate. (Image for representative purpose only) Whether as a tenant or as a landlord, a proper paper trail is important to avoid disputes in future, and even if they do arise to prove your claim. In a recent ruling, the court…
