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EPFO final PF withdrawal rule: How is your interest calculated up to the payment authorisation date?
EPFO calculates interest on final PF settlements up to the date the final payment is authorised, irrespective of when the claim was submitted. Heres how the interest calculation works and what EPF members should know when making a final withdrawal.
Indias organised retail real estate market is evolving, with larger malls, experience-led categories and office-linked retail driving growth across major cities. Bengaluru leads the top 12 markets with 29.2 million sq ft of organised retail stock, followed by Gurugram, Hyderabad and Mumbai. Shopping mall supply is also set to expand, with 40.4 million sq ft in the pipeline through 2030.
Zee escalates copyright fight against Reliance-Disney's JioStar
India's Zee Entertainment has initiated contempt proceedings against JioStar for violations of a court injunction. The injunction prohibits JioStar from using Zee's copyrighted music and content in its programming. Despite the court order, Zee claims JioStar continued to exploit this content after the injunction was issued. JioStar previously argued that any violations were unintentional and residual. The conflict reflects the growing competition for content rights in India's media landscape.
SEBIs new PMS framework introduces PRIM, allowing investors to access professionally managed portfolios of mutual funds, ETFs and SIFs. Here's how PRIM compares with conventional PMS and mutual funds on investment, management, taxation and flexibility.
Buying a resale flat with an existing home loan? Heres how to avoid the pitfalls
The buyer's first step should be requesting the seller's latest loan account statement or foreclosure letter.
Active and passive small-cap funds follow different investment approaches, even when they are linked to the same benchmark. Their 1-year returns show a notable divergence, while differences in portfolio construction offer clues to what may be driving the gap.
The high court says acceptance of possession does not automatically waive compensation for delay.
PC Jeweller becomes debt-free after clearing dues of all 14 consortium banks
PC Jeweller Ltd has successfully cleared its dues with 14 consortium banks, becoming completely debt-free. The companys total debt was approximately Rs 3,000 crore before the settlement agreement. In September 2024, PC Jeweller opted for a one-time settlement to address its outstanding dues. Following the latest repayment, the company has materially strengthened its financial position and balance sheet.
EaseMyTrip's EMTev rolls out electric buses in Bhopal, targets 5,000 units annually in 5 years
Easy Green Mobility has started the deployment of electric buses in Bhopal and plans to manufacture 5,000 buses yearly. The company aims to establish a comprehensive mobility ecosystem that includes manufacturing and operations. Their initial electric bus models have received type approval and feature advanced technology. For future expansion, the focus is on localizing the supply chain and reducing import dependency.
India seeks 2027 LPG imports from US via term tender, document shows
In a strategic move, Indian state-owned companies are set to import 2.75 million metric tons of liquefied petroleum gas, planning to acquire this resource from the United States for the year 2027. The tender anticipates four substantial gas carrier shipments each month, along with an additional monthly cargo available on a free-on-board basis. Prospective bidders have until October 22 to submit their applications for this opportunity.
CSIR-NIIST, Tata Consumer to set up food fortification centre in Thiruvananthapuram
CSIR-NIIST and Tata Consumer Products Ltd are collaborating to create a Centre of Excellence for food fortification. This new partnership aims to enhance India's capabilities in food fortification research and development. Located at the CSIR-NIIST Innovation, Technology and Entrepreneurship Hub, the centre will focus on innovative fortification technologies. It will facilitate research and training for professionals, students, and researchers in the field.
NPS Swasthya from 1 October: What you need to know about the new pension option and health cover
NPS Swasthya is a new pension option that combines retirement savings with healthcare benefits and a mandatory super top-up health insurance policy. As it prepares for launch, heres a look at who can enrol, how the health cover works, and when subscribers can access the corpus.
Tesla opens first Experience Centre in Chennai, expands India retail and service network
Tesla India has established its first Experience Center in Chennai, located in Express Avenue Mall. This center aims to provide comprehensive retail and after-sales services to customers. Additionally, Tesla has set up a Collision Center and service capabilities in Poonamallee. The expansion facilitates easy access to genuine Tesla parts and qualified technicians for Chennai and Tamil Nadu owners.
Railways has approved a new tri-weekly Bhuj-Barauni Amrit Bharat Express covering 2,532 km across Gujarat, Rajasthan, Uttar Pradesh and Bihar, with services to begin on a date to be announced. The Railway Ministry has also approved the extension of the Virangana Lakshmibai Jhansi-Agra Cantt Express to Mathura, increasing its route length from 217 km to 270 km and adding four commercial stoppages.
UPI MDR explained: 40% of the new fee will go to customer banks, 30% to payment gateways and 20% to UPI apps. Know who gets the money.
ICAI tells members to complete statutory compliance before nationwide bank strike
Bank employee unions have called the three-day strike, during which branch operations across public sector banks are expected to remain disrupted. The month-end period is among the busiest for corporate filings, with auditors racing to close statutory audits and companies completing their AGM formalities ahead of the September 30 deadline.
Bank deposits, credit shrink in fortnight to September 15
Outstanding bank deposits and advances declined significantly during the fortnight ending September 15. Deposits fell by Rs 2.49 lakh crore due to the maturing of high-cost bulk deposits. Deposit growth slowed to 17.3%, while credit growth also dropped to 18.1%. The RBI data indicated that banks experienced a net withdrawal affecting their cumulative outstanding deposits. These changes reflect an adjustment in banks' strategies influenced by recent overseas deposit inflows.
Landlord wanted to start law office, sought tenants eviction; Delhi HC upheld it for this reason
Tenant ordered to evict as landlord wants to open a law office and proved his bona fide need in Delhi High Court. In this case the landlord's grandfather gave it on rent but his family members needed the property to open a law office as there were three lawyers in their family.
Govt denies five-day banking: Govt says no commitment; unions press strike from Sept 28
Beyond the number: Why an 800 credit score doesnt guarantee a loan and what you can do about it
A high score cannot simply erase the lingering footprint of an old 'settled' account.
Income tax calendar October 2026: ITR, TDS, Form 141 and other deadlines to know
October 2026 brings important income tax deadlines, including ITR filing for eligible taxpayers, quarterly TDS returns and Form 141 submissions. Check the key dates to avoid late fees and penalties.
Govt appoint Dinesh Pant and Girija Subramanian as members of IRDAI
In a significant restructuring of the Insurance Regulatory and Development Authority of India (IRDAI), Dinesh Pant, Managing Director of LIC, and Girija Subramanian, ex-CMD of New India Assurance, have been appointed as new members. Pant's retirement is effective September 24, 2026, while Subramanian stepped down in July. These changes are indicative of the dynamic shifts within India's insurance regulatory landscape.
Bangalore landowner wins unexplained money case in ITAT after proving he sold vegetables and fruit for large amount of cash to APMC
Before Ayushman Bharat, families sold their homes to afford treatment: J P Nadda
Union Health Minister J P Nadda said on Friday that the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana has transformed India's healthcare. He said the scheme covered over 60 crore beneficiaries, becoming the world's largest health assurance programme. The scheme has over 5.6 lakh health facilities and around 11 lakh healthcare professionals are registered on the ABDM ecosystem. The Union Minister also highlighted other major healthcare initiatives undertaken the incumbent government.
Signature Global signs pact to develop 194-acre land in Gurugram, targets Rs 5,5006,000 crore GDV
Signature Global has recently expanded its footprint in Gurugram with major land acquisitions aimed at launching an ultra-luxury housing project. The firm has secured 25 acres completely and partnered with a landowner for another 169.22 acres. This ambitious development plans to create around 6.77 million square feet of residential space, with anticipated revenue ranging from Rs 5,500 to 6,000 crore, reinforcing Signature Global's status in the Indian real estate market.
Signature Global acquires 194-acre land for Gurugram housing project; eyes Rs 6,000 crore revenue
Signature Global has recently expanded its footprint in Gurugram with major land acquisitions aimed at launching an ultra-luxury housing project. The firm has secured 25 acres completely and partnered with a landowner for another 169.22 acres. This ambitious development plans to create around 6.77 million square feet of residential space, with anticipated revenue ranging from Rs 5,500 to 6,000 crore, reinforcing Signature Global's status in the Indian real estate market.
Trai launches platform to rate properties on digital connectivity
Consumers can search for rated properties by name, certificate ID or location, compare them and verify their digitally signed rating certificates through a QR code
Prestige Estates expects Rs 2,850 crore revenue from 2 new housing projects in Bengaluru
Prestige Estates Projects has revealed plans for two upcoming housing developments in Bengaluru. The flagship project, Prestige Parklane, will host 1,788 residences on a 12-acre site, whereas the second venture will feature 655 upscale apartments on 10 acres. With an impressive combined revenue potential of Rs 2,850 crore, these projects underscore Prestige Group's ongoing commitment to enhancing residential offerings in urban landscapes.
India orders crackdown on nicotine pouches, citing health risks, letter shows
India has directed states to take enforcement action against the sale of nicotine pouches, citing public health and risks to children. The health ministry said the tobacco-free products remain illegal and unapproved in India and are increasingly available online and offline. A federal drug panel has also recommended no new nicotine formulations.
Are all banks open on Sunday, September 27, 2026? Check status ahead of three-day bank strike
Customers can visit public sector banks and Regional Rural Banks on September 27, as they will remain operational ahead of the impending strike from September 28 to 30. The State Bank of India has confirmed that their branches will be accessible this Sunday. It's recommended that customers rely on digital banking during the strike days, as the All India Bank Officers' Association prepares for a stay-out strike during this period.
Lords Mark advances AI breast cancer screening towards clinical trials
In a groundbreaking collaboration with C-MET, Lord's Mark Industries Limited is making strides in breast cancer screening technology. Utilizing advanced AI and thermal sensors, they are set to launch trials in the USA, Great Britain, and Europe. The promising results from clinical trials in India indicate a strong potential for regulatory approval, with plans to enhance affordability and access for underserved communities ahead of anticipated final trials in January 2027.
IBC helps 1.4 lakh homebuyers move closer to possession as developers revive stalled projects
India's insolvency framework has helped more than 1.4 lakh homebuyers receive homes from stalled projects. Major developers, like Adani Realty and Lodha, are reviving these projects through the Insolvency and Bankruptcy Code. Despite some successes, about 2.5 lakh homebuyers are still awaiting resolutions in ongoing cases. NCLT has improved confidence among buyers, enabling them to regain possession of their properties.
Stuck in a debt cycle? 5 ways to get out of EMI trap and regain control of your finances
Multiple EMIs can put pressure on monthly cash flow, leaving little room for savings. These five practical steps can help borrowers assess their debt, prioritise expensive loans, avoid fresh borrowing and regain control of their finances.
Max Healthcare expands Africa footprint with new centre in Tanzania
In a strategic move to expand its footprint in Africa, Max Healthcare has unveiled a new patient assistance centre in Dar es Salaam, Tanzania. This facility is designed to aid Tanzanian patients and those from the East African region in navigating healthcare options in India. Key services include video consultations and assistance with travel documentation.
Audi India starts local assembly of Audi Q3 in Chhatrapati Sambhajinagar
Powered by a 2.0-litre petrol engine and equipped with Audi's quattro all-wheel drive, the all-new Audi Q3 combines dynamic capabilities
Tata Motors weighs further car price hikes as commodity costs bite; increases to be gradual
Tata Motors Passenger Vehicles is evaluating further price increases as commodity costs continue to affect profitability. The company is currently absorbing part of these cost hikes while working on cost reduction measures. Incremental price increases will be implemented over time to minimize demand impact. Tata Motors recently introduced the new Tata Aeris compact sedan targeting personal buyers with competitive pricing.
UPI MDR explained: Will mutual fund SIPs and lumpsum investments be affected?
UPI offers mutual fund investors a convenient way to make lump-sum investments and set up SIP mandates. While the new 0.02% MDR applies to select one-time transactions, UPI AutoPay SIPs remain exempt, and the impact on investors is expected to be limited.
State Bank of India will waive ATM transaction charges from September 28 to 30 during a proposed nationwide bank strike, allowing customers to access cash without fees at any ATM. Digital banking services will remain available, encouraging customers to complete branch transactions on September 27.
Supreme Court backs Delhi HC orders in Daiichi-Fortis dispute, clears way for forensic audit
The Supreme Court has declined to interfere with Delhi High Court orders in the long-running Daiichi Sankyo-Fortis dispute, allowing a forensic audit to proceed as part of efforts to trace assets linked to enforcement of a 2016 arbitral award against former Fortis promoters. The apex court did not examine the merits.
EPF wage ceiling raised to Rs 25,000: When will higher EPF deductions appear in your salary slip?
Starting September 2026, a major shift in the EPFO wage ceiling will raise the limit from Rs 15,000 to Rs 25,000 monthly. This increase will have different effects on various employees, especially those accustomed to the old ceiling as their deductions will change. Employers could face delays in updating their payroll systems, causing possible arrears and necessary adjustments for workers as they adapt to the new regulations.
Top 5 FD rates: Suryoday, Jana, Ujjivan, Equitas and AU SFB compared for key tenures
Fixed deposit rates vary across banks and tenures. Compare the latest 1-, 2-, 3-, 5-, and 10-year FD interest rates from five small finance banks, along with key checks on taxes, premature withdrawal, and deposit insurance.
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India remains net importer of finished steel in Apr-Aug; buys commodity worth Rs 36k crore
India imported finished steel worth Rs 36,193.9 crore from April to August in the fiscal year. The country saw a 29.5 percent increase in finished steel imports during this period compared to the previous year. In August alone, India imported 0.72 million tonnes of finished steel worth Rs 7,863.1 crore, which was a nine percent rise.
New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes may prevent mandatory insurance bundling, allowing for better consumer choices and potential interest rate benefits, while still enabling some insurance package offers. Discover how these reforms could impact your next loan decision.
Builder promised specially enabled parking spaces; homebuyer paid Rs 1.03 crore for a 3BHK unit, but the builder failed to honour the parking promise; homebuyer wins case in Karnataka RERA. Read the article to know how did the homebuyer win the case.
Nitin Gadkari launches Mukhyamantri Sugam Parivahan Bus service, PM E-Bus Sewa in MP
Madhya Pradesh has introduced the Mukhyamantri Sugam Parivahan Bus service and PM E-Bus Sewa recently. This initiative provides a state-run bus service after 21 years, enhancing public transportation. The service operates 351 buses through a public-private partnership in seven cities. This will significantly improve bus connectivity for residents in urban and rural areas. The launch coincided with the birth anniversary of Pandit Deendayal Upadhyaya.
Top 9 equity mutual funds deliver over 30% return on SIP investments in 1 year. Do you own any?
Nine equity mutual funds delivered over 30% returns on SIP investments in the last one year, with eight from the small-cap category and one focused fund. Bank of India Small Cap Fund topped the list with a 45.95% return, followed by TRUSTMF Small Cap Fund at 41.53%, according to ETMutualFunds.
8th Pay Commission: How a 24-month delay could mean nearly 18 lakh in arrears
8th Pay Commission arrears explained: See how the implementation date, fitment factor and revised basic pay could affect arrears for central government employees.
Bank strike Sept 28-30: Will financial services work? All ATM, digital wallet and UPI FAQs answered
Bank customers in India may face in-branch service disruptions due to a three-day strike planned by bank unions. Here's all you need to know about the available financial services.
Canara Robeco Asset Management Company has entered the Asia Book of Records and India Book of Records for its year-long 'Nivesh Bus Yatra' campaign. Traveling over 28,000 km across 12 states, the mobile classroom initiative reached over 26,000 investors to promote awareness on SIPs, STPs, and SWPs.
Can you rent out a residential apartment as an b&b or service apartment? Check the rules
Residents of Windsor Park Society protested against the conversion of flats into Airbnb rentals, citing security concerns. Here's what a flat owner should ensure before renting out a residential apartment as an b&b or service apartment.
UPI payments above 2,000: Who will pay the 0.4% MDR? FM Sitharaman clarifies
Finance Minister Nirmala Sitharaman has clarified that the new 0.4% MDR on specified UPI merchant payments above 2,000 will be charged to merchants, not customers, from 15 October 2026.
Motilal Oswal Mutual Fund has launched the Nifty REITs & Realty Index Fund, which will be accepting subscriptions until October 9. This innovative fund seeks to give investors access to listed REITs and real estate firms using an index-focused strategy. Given the absence of historical performance data for new funds, experts suggest exercising caution.
Best short duration mutual funds to invest in September 2026
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more. They are somewhat in the middle when it comes to interest rate risk. They are riskier than liquid, ultra short term, and low duration funds. However, they have a lower risk compared to medium duration and long-term funds.
ICICI Lombard General Insurance among 3 stocks showing White Marubozu Pattern
Three stocks with a market capitalisation above Rs 10,000 crore featured in StockEdges White Marubozu bullish scanner on September 24, signalling strong upward price movement during the session.
A Pune ITAT ruling cancels a 2.21 lakh income-tax penalty imposed on a salaried employee after he revised his ITR and paid additional tax and interest. The case highlights why taxpayers should verify deductions and correct errors promptly.
The central government has decided to keep all public-sector and rural banks open on September 27, despite it being a holiday. This decision aims to mitigate service disruptions ahead of the three-day bank strike. Here's why confusion still persists.
Welspun Corp arm wins Rs 4,000 crore order for supply of pipes
Welspun Corp's US unit has secured a significant Rs 4,000 crore order for pipe supplies. The order comprises High-Frequency Induction Welded pipes to be produced in Little Rock, USA. This marks the company's largest order ever in terms of volume and value. The project is set for execution during the fiscal years 2028 and 2029.
FM Nirmala Sitharaman rejects UPI MDR 'misconception,' says charge won't be passed to consumers
Finance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumers. This rate is a charge borne by merchants and not the government. Sitharaman emphasized that this charge is not a tax, cess, or surcharge. The rate is set at 0.4% and will impact only certain UPI transactions.
Elevated volatility is now a permanent feature: Templetons Rajasa K.
Tariffs, AI disruption, FII outflows and geopolitical tensions have tested Indian markets, but Templetons Rajasa K. sees resilient earnings and structural growth opportunities ahead.
Tata Motors PV Share Price Live Updates: Tata Motors PV Records New 52-Week Low
Radisson Hotel Group working on 'India booster' plan to fast track expansion: COO
Radisson Hotel Group aims to open 500 hotels in India by 2030 as part of its growth strategy. The chain currently operates 146 hotels in India and plans to surpass 150 hotels by December. In addition to expanding in India, the group is customizing services for Indian travelers in Europe and the Middle East. Radisson's growth strategy emphasizes its strong presence in tier two and three markets in India.
Death certificate in India: How to register a death, documents required, 1 Oct rule changes
A death certificate is essential for settling insurance, mutual funds, investments, property and tax matters after a death. Here is how to register a death in India, documents required, where to apply and what delayed registration rules currently apply.
Akasa Air in talks with Boeing to order 200 737 MAX aircraft: Report
Mumbai-based Akasa Air is negotiating an order for over 200 Boeing 737 MAX jets to boost its operations. This potential order follows their existing unfilled orders for 183 jets and aims to extend their fleet beyond 2032. The airline currently operates 43 Boeing jets and plans a capacity increase by March 2027. Discussions regarding the order are expected to conclude early next year.
Are you drowning in debt? Explore two effective strategies for repayment: the debt avalanche and debt snowball methods. The debt avalanche prioritizes high-interest debts to minimize costs, while the debt snowball method focuses on paying off the smallest debts first to enhance motivation.
Sebi approves new rules to widen investment avenues
The board of Sebi has sanctioned new regulations aimed at portfolio managers, paving the way for innovative investment avenues. These guidelines enable investments in mutual funds, international securities, and diverse commodity derivatives. Portfolio managers now have the flexibility to direct client funds towards mutual fund direct plans and initial public offerings.
Mutual fund flows over the last 12 months show a mixed picture across equity, debt, and hybrid categories. Some categories attracted substantial money despite negative returns, while others saw outflows even after delivering positive returns.
Streaming overtakes TV in Indias content investment for first time: MPA
India's video content investment is shifting towards online streaming as it accounts for 46% in 2025. Television's share declines to 42%, marking a significant change in the video industry. Local films are also seeing growth, with strong box office performances reported in India, Vietnam, and Indonesia. Consolidation is taking place in the market, particularly in India and Korea, impacting production economics.
LPG customer base dips after a decade
India's LPG customer base had been expanding steadily, with the adoption of cooking gas accelerating over the past decade. The active LPG customer base more than doubled to 333.9 million at the beginning of the current fiscal year from 148.6 million at the start of 2015-16. Growth ranged between 11.9% and 19.6% in the four years to 2018-19, before slowing to around 5% or less as the overall customer base expanded. This fiscal year, the customer base has shrunk by 1%.
ET Graphics: Where Indians travel and why
Religious travel accounted for the largest share of overnight trips at 47.7%, followed by health and medical travel (29.6%), and holidaying, leisure and recreation (22.1%). On an average, Indians spent Rs 11,723 per overnight trip on holidays, with transport accounting for around 30% of the expense.
Fertiliser sales slide as poor rains cloud kharif season
The decline came amid rainfall deficiency and drought-like conditions in several parts of the country, which weighed on farmers' spending on soil nutrients even as overall kharif sowing remained only about 2% below last year's level, industry executives said. Sales of NP/NPK (nitrogen, phosphorus, potassium) complex fertilisers fell even more sharply, declining 19.4% while sales of muriate of potash (MOP) dropped 13.6%, according to provisional data from the Fertiliser Association of India (FAI) sourced from industry executives.
Reliance to raise Rs 10,000 crore next week as companies rush to tap surplus bank liquidity
Reliance Industries Limited is planning to raise 10,000 crore next week through a ten-year maturity bond. Other firms, including Adani Airport Holdings, will raise significant funds as well this Friday. The increasing number of companies tapping debt indicates the surplus liquidity in the banking system. This trend is occurring ahead of the Reserve Bank of India's monetary policy decision on October 7.
Six international mutual funds are reopening for fresh subscriptions after periodic restrictions on overseas investments. With some schemes delivering double-digit returns over the past year, investors may be tempted to invest. Here's what you should check before putting money in.
Reviewing coverage, sum insured, healthcare requirements and premiums can help ensure uninterrupted protection
Irdai commission curbs spark sharp selloff in insurers, banks and NBFCs
Shares of insurers, banks, and non-banking finance companies dropped sharply following proposed commission caps by Irdai. The proposals raised concerns over the outlook for businesses reliant on insurance distribution. Major companies such as PB Fintech and Max Financial Services experienced significant declines. Analysts indicate that banks and NBFCs could face negative impacts from the changes in commission structures.
Credit card spending falls 2.8% in August as new card additions slow
In August, credit card spending decreased by 2.8% to 2.02 lakh crore from July's 2.08 lakh crore. While year-on-year spending saw an increase of 5.9% compared to August 2025, the trend indicates moderation. Additionally, banks added 1.19 million new credit cards, down 5.6% from July's figures. This brings the total credit card tally to 124.1 million at the month's end.
FSSAI plans to ban use of 'paneer' tag on non-dairy items
Products already licensed or registered under the 'analogue in dairy context' category will have to stop using 'paneer' in their product name, labelling or marketing, according to the draft regulation notified in the Gazette of India. The move would effectively reserve the term paneer for products meeting the dairy definition, preventing businesses selling non-dairy analogues from presenting or marketing them as paneer.
Print media holds ground as advertisers back reach, credibility and premium audiences
Print media in India has shown resilience amid global downturns with increased advertising revenue and volumes. As brands continue to invest in print, the festive season is expected to boost spending significantly. Data indicates that English dailies experienced a rise in advertising revenue from accredited agencies, marking a growing trend. This year's festive season is anticipated to drive higher advertising volumes in various sectors.
Air India pilot removed from Zurich flight over alcohol violation
An Air India pilot was removed from his aircraft in Zurich due to alcohol consumption before take-off. Authorities conducted sobriety tests that revealed blood alcohol content exceeding the permissible limit for pilots. As a result, the flight AI 151 to Delhi was grounded, leading to an investigation by Swiss aviation regulators. Both Air India and IndiGo enforce strict zero-tolerance policies for alcohol violations among crew members.
To determine adequate coverage, families must evaluate how much financial backing is necessary if the primary breadwinner's income vanishes.
From 15 October, UPI transactions of more than 2,000 for debt collection, including loan repayments and EMI collections, will attract a 5 MDR. The charge is on the merchant side, not the borrower. Heres how it applies to EMIs, AutoPay and credit-linked UPI payments.
UPI fee could recover up to Rs 15,000 crore annually while keeping most transactions free
National Payments Corporation of India plans to introduce a 0.4% merchant discount rate for UPI transactions. This could help recover about 13,000-15,000 crore of annual costs while most transactions remain free. According to CEO Dilip Asbe, 80% of the MDR would come from large businesses already accepting credit cards. He noted that reintroducing charges after six years of zero MDR is necessary due to slowed investments.
SEBI has approved a new route allowing portfolio managers to build portfolios using mutual funds, ETFs, index funds and SIFs. With a minimum investment of 25 lakh, PRIM could offer investors a professionally managed alternative to investing directly in mutual funds.
Banking Needs Stability, Not Strikes
Shivanand Pandit Bank employees across India are expected to go on a three-day strike from September 28 to 30. This comes shortly after a one-day strike held on September 11, which did not lead to an agreement on the unions main demands. The United Forum of Bank Unions (UFBU), which represents several bank staff and [] The post Banking Needs Stability, Not Strikes appeared first on Northlines .
Axis Bank readies major customer-connect initiative to mark World Tourism Day
Axis Bank is set to launch an extensive outreach program across India, spotlighting tourism and hospitality sectors in Goa. The initiative plans to engage over 5,000 customers and honour approximately 1,000 entrepreneurs.
GST Council to take view on 18% levy on UPI merchant fees: Report
The GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 percent merchant discount rate that will apply from October 15. This merchant discount rate will be capped at Rs 300 and is considered a taxable service under GST. Merchants will be able to claim Input Tax Credit on the GST paid on the merchant fees.
Sanofi Healthcare buys 15.2% stake in Sanofi India for Rs 1,068 crore
Sanofi Healthcare India acquired a significant 15.2 percent stake in Sanofi India through an open market transaction. The company purchased 35 lakh shares at an average price of Rs 3,052 each. The bill was approximately Rs 1,068 crore in total.
The 30-Minute Medicine Problem
How India's largest ePharmacy is building an in-house quick-commerce engine across cities and why moving medicines in under an hour is far more complicated than it looks
Filed your tax audit report for AY 2026-27? It may still need a closer look before the 30 September deadline. From reporting details to disclosure requirements, here are the key errors taxpayers should check and what experts say about correcting them.
Miniratna PSU HLL Lifecare marks 15-year milepost with big new plan for nationwide push
HLL Lifecare is set to expand its pharmacy network to 600 locations nationwide within the next year. This will boost pharmacist employment from around 2,000 to roughly 4,500. .
