Why your home-cooked veg and non-veg meals cost more in July Your home-cooked thali may have been a little less pocket-friendly in July.The price of a home-cooked vegetarian thali rose 4 per cent from a year ago, while a non-vegetarian thali became 9 per cent costlier, according to a report released on Friday. Higher prices … Read more
UPI has always been free for consumers since its launch in 2016. (Image: Stock.adobe) Will you now have to pay charges for your UPI transactions? That’s the big question that many are asking after the Lok Sabha cleared a Bill amending the Payment and Settlement Systems Act, 2007, enabling the government to authorise banks and … Read more
Rupee slips to 95.28 against US dollar as oil, Treasury yields remain elevated Rupee began Friday in red, falling 6 paise to 95.28 against the US dollar in early trade as a firmer greenback and higher US Treasury yields put pressure on the currency.The currency began the session at 95.27 at the interbank foreign exchange … Read more
Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems … Read more
The government sees compressed bio-gas as a domestic solution to LNG. In a bid towards energy security, the Union Cabinet on Thursday approved a Rs 23,731 crore GOBARdhan scheme for bio gas. GOBARdhan or the Galvanizing Organic Bio- Agro Resources Dhan scheme aims to push for the production of compressed bio-gas.The move assumes significance in … Read more
Oil prices edged lower as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal NEW DELHI: Oil prices edged lower on Thursday as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal, potentially ending the five-month conflict and reopening the Strait … Read more
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
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
Stock Market Today: Analysts say recent swings reflect technical adjustments, not weakening market fundamentals Market experts attributed the recent volatility primarily to the introduction of the Closing Auction Session rather than any deterioration in the broader economic outlook. According to Hariselvan Radhakrishnan, Founder and CEO of HST Wealth, benchmark indices experienced a phase of recalibration … Read more
NEW DELHI: India’s second largest telecom operator Bharti Airtel saw its Q1 profit soar 37.3% to Rs Rs 8,167.4 crore this Q1, from Rs 5,947.4 crore in same period last fiscal thanks to higher mobile tariffs, strong customer additions and growth across its India and Africa businesses. Revenue in the same period rose 18.4% to … Read more