Reserve Bank of India (RBI) Governor Sanjay Malhotra gestures on MPC policy NEW DELHI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions indirectly even if merchant fees are not explicitly charged.Responding to questions on enabling merchant fees on UPI, Malhotra said it was too early to take a view and … Read more
Markets have continued to rally as companies near the end of the latest earnings season. US stock market today: Wall Street stocks moved higher in early trading on Wednesday, extending the record-setting momentum from the previous session, while oil prices remained largely stable.The S&P 500 advanced 0.5%. By 9:53 a.m. Eastern time, the Dow Jones … Read more
Tewolde GebreMariam Tesfay retired as Group Chief Executive officer of Ethiopian Airlines in 2022. (Reuters file photo) Air India on Wednesday named former Ethiopian Airlines chief Tewolde Gebremariam as its new Chief Executive Officer. The announcement comes at a time when Tata Group-owned carrier continues to battle mounting losses and increased regulatory oversight following last … Read more
Experts say that instead of timing the interest rate cycle, fixed deposits should be opted for based on goals and cash flow. Even as investors become more risk savvy and financial literacy brings investment avenues like stocks, mutual funds, bonds closer, the humble fixed deposit continues to hold importance in portfolios. And this ‘safe haven’ … Read more
India’s job-switch wave grows, Google ranked the country’s most attractive employer What makes an employer stand out when nearly half the workforce is thinking about switching jobs?According to the Randstad Employer Brand Research (REBR) 2026, Google stands at the top of India’s most attractive employer brands, followed by Tata Group and Amazon.The REBR 2026 draws … Read more
The survey showed that new business inflows expanded at the slowest pace since February 2022 (representative image) India’s services sector growth slowed to its weakest pace in more than four-and-a-half years in July as softer domestic and export demand, intense competition and weaker customer enquiries weighed on business activity, according to the latest HSBC India … Read more
Plastic notes have several advantages, including stronger security features, a lower risk of counterfeiting. (Image for representative purpose only) India’s first plastic or polymer notes are expected to go into circulation at the start of the next financial year, RBI governor Sanjay Malhotra has said. Sharing an update on the pilot project at the post … Read more
UPI: Government is also expected to prescribe an upper limit on the maximum MDR that can be charged. Will you have to pay for UPI payments going ahead? The government is expected to permit the levy of a Merchant Discount Rate (MDR) of 0.25% to 0.4% on UPI transactions above Rs 2,000 made to businesses, … Read more
Gold appears to be transitioning from a sharp correction into a consolidation phase. Gold price prediction today: Recent gold price trends suggest that the worst of the downside may be behind us, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.After a volatile July, gold finally showed signs of … Read more
SpaceX reports first quarterly earnings, posts $7.8 billion in revenue SpaceX delivered a quarter that beat expectations on paper, but not enough to put investors completely at ease. The Elon Musk-led company reported a smaller-than-expected loss for the three months through June as revenue soared to $7.8 billion, powered by rapid growth in its Starlink … Read more