Centre Reaffirms: No Plans to Levy Charges on UPI Payments

New Delhi – The government on Monday reiterated that there is no proposal to impose transaction charges on Unified Payments Interface (UPI)-based digital payments.

UPI transactions are managed by the National Payments Corporation of India (NPCI).…

GST reforms expected to lift auto, banking, cement stocks: Report

New Delhi – The upcoming rationalisation of GST slabs is likely to boost consumption and improve profitability across sectors including automobiles, financial services, cement, and consumer staples, according to a report released on Monday.

Passenger…

SEBI Reports Surge in Settlement Pleas, Collects Over ?860 Crore in FY25

Mumbai — The Securities and Exchange Board of India (SEBI) recorded a sharp increase in settlement applications in FY25, reflecting a growing preference among entities to resolve regulatory disputes without engaging in lengthy litigation.

According…

US may not impose extra 25% tariffs on India over Russian oil, suggests Trump

New Delhi- The Donald Trump administration may hold back on imposing secondary tariffs on India for its purchase of Russian oil, with the US President indicating that Moscow has already lost a key energy customer.

Speaking to Fox News aboard…

Big Bang Reform: Finance Ministry Proposes Two-Slab GST System Following PM’s Independence Day Speech

New Delhi: The Finance Ministry has proposed a simplified two-tier Goods and Services Tax (GST) structure with “standard” and “merit” slabs, along with special rates for certain goods.

The proposal follows Prime Minister Narendra…

India’s Forex Reserves Jump $4.75 Billion to Reach $693.6 Billion

Mumbai – India’s foreign exchange reserves rose by $4.75 billion to $693.62 billion for the week ending August 8, according to RBI data released on Friday.

The steady expansion of the forex kitty reflects the country’s robust macroeconomic…

Banks to clear cheques within few hours starting October 4: RBI

Mumbai (IANS)- The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 -- down from the current clearance time of up to two working days. Under the new mechanism, the banks will scan, present…

Nifty, Sensex open higher in early trade; metal stocks lead gains

Mumbai (IANS) - The Indian benchmark indices opened higher on Wednesday, after the US inflation data raised expectations of a Federal Reserve rate cut. The BSE Sensex advanced 0.22 per cent or 179 points to 80,414 points. The Nifty 50 inched up to…

US Tariffs: Strong Corporate Health, Govt Aid Could Limit Impact on India, Says Crisil

New Delhi – India’s strong corporate balance sheets, potential new trade deals, and likely government support for affected industries could help soften the blow from higher US tariffs, according to a Crisil report released Tuesday.

Crisil noted…

Indian Rupee Gains Against US Dollar Despite Tariff Worries

New Delhi- The Indian rupee opened stronger on Monday, even as markets weighed the impact of an additional 25% tariff on Indian goods proposed by US President Donald Trump, set to take effect on August 27.

The currency’s upward move was partly…