The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria….
RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…
Central bank is preparing to pilot the new currency substrate after securing govt approval for large-scale field trials MUMBAI: Polymer banknotes are likely to enter circulation at the beginning of FY28, RBI governor Sanjay Malhotra said, as the central bank prepares to pilot the new currency substrate after securing govt approval for large-scale field trials….
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…
After beginning the week with strong gains that pushed major indexes to record levels, the market has settled over the past two sessions. US stock market today: Wall Street stocks moved mixed during Thursday morning trading as investors reacted to the latest round of corporate earnings from companies across a broad range of industries.The S&P…
The crèche allowance is generally admissible for up to two children. For many working parents, one of the biggest challenges after the birth of a child is balancing childcare responsibilities with professional commitments. While employer-provided childcare facilities have existed under labour laws for many years, the newly notified Labour Codes have brought renewed focus to…
Airtel Money has now achieved meaningful scale with Q1 revenue of over $400 million, growing at 26% year-on-year in constant currency terms NEW DELHI: Airtel Money is preparing for a London listing in the second half of 2026, Bharti Airtel executive VC Gopal Vittal said on Wednesday. Airtel Money is a mobile commerce service that…
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…
The Taxation and Other Laws (Amendment) Bill is aimed at drawing more foreign capital into India. The Lok Sabha on Thursday cleared the Taxation and Other Laws (Amendment) Bill without discussion as continued sloganeering by Opposition members over several issues disrupted proceedings. Following the passage of the legislation, which also amends the Payment and Settlement…
President Donald Trump speaking during an event to announce new tariffs for the first time last year Donald Trump’s administration has refunded about $100 billion in tariffs after the US Supreme Court struck down a broad set of duties imposed under an emergency economic law, court filings show.About 60 per cent of the $166 billion…
