Earlier this week, Parliament cleared amendments to the Payment and Settlement Systems Act, 2007. A Parliamentary panel has called for the early rollout of a calibrated Merchant Discount Rate (MDR) on high-value digital transactions. According to the panel the framework is essential to make the payments ecosystem financially viable and reduce the government’s subsidy burden.Earlier…
MCX Gold has initiated a bullish bias following a breakout from the consolidation. Gold and silver price prediction today: Both gold and silver prices are showing a bullish bias over the last few sessions, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX Gold has initiated a…
Rupee began the session in red, falling 7 paise against the greenback Rupee came under pressure in early trade on Thursday, slipping 7 paise to 95.40 against the US dollar amid elevated crude oil prices and geopolitical uncertainty. The currency opened at 95.40 at the interbank foreign exchange market, after closing the previous session at…
NEW DELHI: A parliamentary committee has questioned whether rising capital expenditure in India’s oil and gas sector is translating into higher domestic production, noting that crude oil output has continued to decline despite a sharp increase in investments.It has asked the petroleum ministry to submit a detailed report explaining how recent exploration reforms and newly…
Born on Nov 12, 1956, to Simone and Naval Tata, Noel studied economics at the University of Sussex before starting at Nestlé, UK MUMBAI: For decades, Noel Tata was the quiet half-brother operating in the shadow of Ratan Tata’s larger-than-life legacy. While Ratan took bold, global bets, Noel quietly built Trent into a retail powerhouse…
The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…
Price pressures remain stronger in rural India (4.8%), up from 4.7% in June NEW DELHI: Retail inflation inched up to 4.45% in July on expensive kitchen staples, including onion and ginger, even as price rise remained above the Reserve Bank’s median target for the second consecutive month, according to govt data.The consumer price index (CPI)-based…
The GST 2.0 impact on franchisees in India is starting to show up where it hurts most: cash flow. On August 8, 2026, more than 300 investors and franchise partners gathered in Mumbai for the Master Franchise Conclave, a sign of how much confidence is still flowing into India’s franchise sector even as it crosses…
Chandrasekaran’s resignation marks an unexpected end to a tenure of nearly 10 years during which he reshaped India’s largest business group. Shares of Tata Group companies came under pressure and fell by as much as 4%, after Tata Sons Chairman N Chandrasekaran resigned ahead of the conglomerate’s annual general meeting (AGM) scheduled for August 18….
N Chandrasekaran announced that he will not seek another term as chairman of Tata Sons after his current tenure expires. (Reuters file photo) N Chandrasekaran, who has decided to step down as Tata Sons chairman, told employees to ignore the speculation and conspiracy theories circulating over the group’s leadership transition. Earlier today, N Chandrasekaran announced…
