34 C 
Car loan interest rates at PSU banks start at 7.35% in September 2026. Compare SBI, Bank of Baroda, UCO Bank and other lenders on interest rates, EMIs, processing fees and prepayment terms before borrowing.
CGHS eligibility rules changed: Central govt employees outside covered areas can now opt for CGHS
The government has removed the geographical restriction for CGHS eligibility for serving Central government employees, allowing eligible employees outside covered areas to make a one-time switch to CGHS, subject to prescribed conditions and contribution.
Up to 7.50% interest rate on 555-day FD: Check highest rates for general and senior citizens
FD interest rates: Many banks are currently promoting compelling interest rates for 555-day fixed deposits. While general depositors can enjoy rates of up to 7.25%, senior citizens benefit even more, with rates peaking at 7.50% for the same duration. Notably, City Union Bank and Karnataka Bank offer competitive options. It's advisable for depositors to check the latest rates before making any decisions on fixed deposits.
Explained: When should mutual fund investors use CAGR, XIRR or IRR to calculate returns?
CAGR, XIRR and IRR are commonly used to measure mutual fund returns, but each serves a different purpose. While CAGR is suited to lumpsum investments, XIRR helps calculate returns from irregular cash flows such as SIPs. IRR can be used to assess returns from investments involving multiple cash flows over time.
Home loan nearly over? 5 things to do with the EMI you are about to save
Home loan nearly repaid? Here are five financial moves to make with the freed-up cash, from rebuilding your emergency fund and reviewing insurance to clearing costly debt and redirecting EMIs towards retirement savings.
FCNR(B) scheme could yield Rs 5.5 trillion notional profit for banks, RBI: SBI Research
SBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report refutes earlier estimates of significant financial losses from the scheme. Mobilized funds could support additional bank credit and generate considerable interest income. Hedging costs are considered manageable, and the RBI could see added profitability. This scheme's liquidity will support credit demand amid outflows and prudent risk management.
Oil prices are high but could be much worse. Trump has China's Xi to thank for that.
WASHINGTON (AP) It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride. The war grinds on and oil prices certainly remain volatile. But the most dire projections have not yet come to pass six months into a conflict that has no end in sight. Chinese President Xi Jinping , who is making a much-anticipated state visit to Washington next week, could make a credible argument that the world has his country's energy strategy to thank for that. It's unclear how much the two leaders will discuss Iran during the visit, which comes as Trump's Republican Party faces pressure from voters over high gasoline prices, and as China's buffer is being further tested as the conflict in the Middle East spreads . Trump, who has sought to keep a fragile trade truce with Beijing intact, has been careful in public comments about differences with Xi over the countrys relationship with Iran. Weve been free-riding off Beijing in a weird way, said Rosemary Kelanic, director of the Middle East program at Defense Priorities, a Washington think tank. Chinas doing it because they understand that theyre on the train that Trump is driving off a cliff. If oil prices go way up, that hurts the global economy. If it hurts the global economy, it hurts them. China's stockpiles helped Xi weather the storm so far Beijing spent years and billions of dollars amassing the worlds largest oil stockpile, building its strategic reserve to about 1.4 billion barrels by the end of last year, according to the U.S. Energy Information Administration's estimates. To protect China from foreign supply risks, Xi made energy self-reliance a part of the countrys latest five-year plan. Drawing from the massive stockpile allowed China, the world's second-biggest oil consumer and Iran's top buyer, to dramatically cut crude imports once the U.S. and Israel began their bombardment and Tehran effectively closed the Strait of Hormuz. The country was also helped by its shift toward electric vehicles in recent years and increasingly tapping into other energy alternatives. China's oil import diet in turn helped ease global demand, softening the upward price effects for the United States, Europe and beyond. The Chinese deserve credit, said retired U.S. Navy Rear Adm. Mark Montgomery, an analyst at the Foundation for Defense of Democracies, a hawkish Washington think tank. They did in 10 years what took us 25 years after the 1973 oil crisis to do: really build a kind of strategic petroleum reserve that could allow you to weather this. But that resilience faces new challenges. Attacks by Iran-backed militias this month led Saudi Arabia to temporarily shut a vital pipeline that transports crude across the kingdom to ports on the Red Sea. The Yemen-based Houthis have also seized two strategic islands in the southern Red Sea, bolstering the Iran-backed rebels ability to disrupt a key maritime shipping route. Planned talks among Gulf nations focused on reopening the Strait of Hormuz, which were supposed to take place earlier this week, have also been put on hold . Before he meets Xi, Trump is set to meet Tuesday with leaders of the Gulf Cooperation Council in New York, on the sidelines of the annual United Nations General Assembly. The group includes Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait and Bahrain. Oil industry experts say the moment remains tenuous Analysts at Bank of America last week forecast oil at $83 a barrel for the second half of the year in light of more persistent disruptions to Hormuz, but said they still expected shipping through the strait to gradually pick up. But if violence escalates and keeps a chokehold on traffic, prices could reach $95 to $120 a barrel, while damage to major energy infrastructure could produce spikes of up to $150 a barrel, the analysts wrote. Brent crude averaged about $69 per barrel last year and currently is hovering around $100. Brent crude briefly peaked in late April, touching $126 . How China has weathered the volatile oil market caused by Trump's war is ultimately seen by Beijing as a vindication of Xis last five-year plan and his focus on self-reliance, said Jonathan Czin, a former senior CIA analyst who is now at the Brookings Institution. Deep differences between Trump and Xi on Iran persist The war in Iran and its impact on the global economy is expected to be on the agenda for the Trump-Xi talks. But the prospects of the world's two biggest powers coming up with a breakthrough appear dim. Over the course of the conflict, the Trump administration has faced resistance when urging Beijing to use its considerable economic leverage to press the Islamic Republic to end the war and reopen the Strait of Hormuz. Chinese officials, who have expressed strong opposition to the U.S. war, also have bristled at more recent administration threats to ratchet up economic pressure on nations and entities still doing business with Iran. To be certain, analysts say there's little altruism in how China came to sit on its massive stockpile of oil. Experts believe Beijing was driven by contingency planning for potential military action to take over the self-ruled island of Taiwan, which China considers its own territory. Tapping the reserves now has been far from ideal for Beijing but seeing global oil prices skyrocket was not ideal, either. Trump treads carefully on differences with China over Iran The leaders last met in Beijing just four months ago, and could meet twice more later this year. After the talks in May, Trump claimed Xi agreed with him that a nuclear-armed Iran is a bad idea and that the Strait of Hormuz must be reopened. Chinese officials have neither affirmed nor denied Trump's telling of the private conversation. The U.S. administration has also warned China not to aid Iran's military effort. But earlier this week, Trump downplayed a Wall Street Journal report that Chinese entities had supplied Tehran with satellite images of a Jordanian military base ahead of an Iran strike in July that killed three U.S. soldiers working there. You know, when they say that China spies on us, I say youre right, and we spy on them too, Trump told reporters. Trump at the outset of the war called the conflict a little excursion that would last a matter of weeks. He also has repeatedly predicted that oil prices will quickly plummet once the conflict ends. Less than three months into the conflict, he even declared everybody was wrong because the most dire projections for oil prices didn't come to pass. The White House did not respond to queries on whether Trump credits China's actions with helping keep oil prices from hitting the worst-case levels. But energy analysts credit Beijing's slashing imports as having the single greatest impact on moderating prices since the start of the war. China's crude imports averaged just 8.1 million barrels per day in the second quarter. That's almost 4 million barrels per day, or 32% lower than in the first three months of the year, according to U.S. data. It's remarkable how China managed the market, said Michael Lynch, president of Strategic Energy and Economic Research, a firm providing consulting services and analysis in the oil and gas industry. They didn't panic and by turning to their inventories they kept the price down for everybody. This article originally appeared on Associated Press at https://www.yahoo.com/news/politics/articles/oil-prices-high-could-much-040833336.html
8th Pay Commission salary hike explained: See how a 2.75 or 3.5 fitment factor could change central government employees basic pay across pay matrix levels, with illustrative calculations, salary comparisons and key points before the final recommendations.
Delhi Airport assists passengers following operational disruption of SpiceJet flights
Delhi Airport is assisting passengers affected by SpiceJet flight disruptions. The airline faces ongoing financial and operational difficulties, impacting its fleet. The government is pushing SpiceJet to increase its operations and address finances. SpiceJet is seeking funds through the Emergency Credit Line Guarantee Scheme. Authorities continue to engage with airlines on operational and financial challenges.
Bank holiday today: Check if SBI, HDFC, ICICI branches are open or closed on Saturday, September 19
Bank holiday today, September 19, 2026: SBI, HDFC Bank and ICICI Bank branches are open as it is the third Saturday. Check state-wise RBI holidays before visiting.
Sunscreen grows from niche to staple on Indias beauty shelf as buyers triple
Sunscreen use in India has more than tripled, reaching 14.3 million households. This growth is fueled by hotter weather and increased consumer awareness about sun protection. The market is expanding beyond major cities, with rural penetration showing significant increases. Both mass and premium brands are catering to diverse consumer needs and price points. Sunscreen's role is shifting from seasonal to daily skincare and anti-aging.
GST cuts, lower prices put dishwashers on Indian kitchen maps
Dishwasher sales are rapidly growing in India after recent GST rate reductions. Manufacturers have adapted machines for Indian cooking, boosting consumer interest and demand. Tier II cities are now significant growth engines for this appliance category. This surge follows a period of decline, making dishwashers more accessible. The market penetration remains low, offering substantial future expansion opportunities.
Deputy Governor RBI reviews J&K banking; bats for credit push, ULI adoption
Deputy Governor, Reserve Bank of India (RBI), Rohit Jain, convened a meeting with the Zonal Heads of major banks operating in the Union Territory of Jammu and Kashmir here today. The Deputy Governor, in his opening remarks, highlighted the important role played by the banks in supporting the economic activity and strengthening the financial inclusion in J&K. Rohit Jain emphasised the need for banks to maintain adequate banking infrastructure, improve credit delivery and ensure greater outreach of banking services to priority sectors, particularly to underserved sections. He also underscored the importance of coordinated efforts by the banks towards meeting the evolving credit requirements of the UT. He underlined that banks should remain responsive to customer needs in view of importance of customer services and grievance redress. He stressed on the need for greater digitalisation of banking services while highlighting the growing concern around digital frauds. The Deputy Governor also emphasised the need for banks to increase loan processing through Unified Lending Interface (ULI). He highlighted its potential to transform the credit delivery in a manner similar to the transformation brought about by UPI in digital payments. Regional Director, RBI, Jammu presented a broad overview of the financial landscape of the UT of J&K, elucidating its economic potential across agriculture, MSMEs, tourism, handicrafts and services. Subsequently, the financial landscape of the UT of J&K, was presented by the Zonal Heads of major banks present in the region. It included banking network, Credit-Deposit ratio, credit flow and Priority Sector Lending besides the progress on onboarding of banks on the Unified Lending Interface (ULI), re-KYC coverage and settlement of unclaimed deposits including special initiatives undertaken by their respective banks for the UT of J&K.
Saturday bank holiday: Are HDFC Bank, ICICI Bank, SBI open or closed today on September 19, 2026?
Several September holidays will cause regional bank branch closures. Many essential banking tasks still require a physical visit to the branch. Banks remain closed on the second and fourth Saturdays of every month, in addition to Sundays and designated regional or national holidays.
8 changes in income tax audit forms for AY 2026-2027; what taxpayers need to know
For the assessment year 2026-2027, the deadline for income tax audits is set for September 30, 2026. Businesses utilizing presumptive taxation schemes should be aware that they may still need to undergo income tax audits, depending on their turnover. Significant updates to Form 3CD's reporting requirements have been implemented for this assessment year, which include new clauses concerning presumptive taxation, MSME payments, settlement expenditures, and share buybacks.
IEX power prices hit 20/unit ceiling as strong demand and tight supply pressure the market
Indias electricity market has seen prices surge in September as strong power demand and tighter supply pushed the High Price Day-Ahead Market (HP-DAM) on the Indian Energy Exchange to its 20 per unit ceiling on several days.
India globally competitive in semiconductor sector, says IT minister Ashwini Vaishnaw
Indias semiconductor industry has become globally competitive in quality and cost, with products from five operational facilities meeting export standards, Electronics and IT Minister Ashwini Vaishnaw said Friday.
Are you maximising value from your credit card? Here's when rewards justify the fee
Don't be fooled by the flashy credit card rewards that might not deliver true value. Learn how to accurately assess your card's worth beyond its enticing rates. Discover the importance of examining annual fees, optimizing the perks you genuinely utilize, and avoiding extra expenses solely for rewards.
RBI Deputy Governor Reviews Banking Operations in Jammu and Kashmir
RBI Deputy Governor Rohit Jain emphasizes the need for enhanced credit and digital banking in Jammu and Kashmir during a recent review meeting. RBI Deputy Governor Reviews Banking Operations in Jammu and Kashmir
Gold vs Nifty 50: What would 1 lakh invested 20 years ago be worth today? Check post-tax returns
Gold has outperformed the Nifty 50 over the past 20 years, but returns are only part of the comparison. Their capital gains tax treatment is different too. Heres what 1 lakh invested 20 years ago could be worth today and how much an investor may keep after tax.
EIL sees prospect as Saudi, UAE plan to expand pipeline, storage
The near-closure of the Strait due to the Iran war, which began more than six months ago, has heightened the need for Gulf oil exporters to develop alternative export routes.
GAIL looks to sell its stake in US shale business
GAIL Global (USA) (GGUI), its wholly owned unit, had floated a tender last February to sell its entire 20% non-operated working interest in oil and gas assets in the Eagle Ford shale basin. The assets comprise interests in 91 oil and gas wells and 13 identified proved undeveloped locations, covering 2,870 net acres in La Salle and Frio counties.
Cough syrup bottles may soon carry a warning label in 'red'
The move comes amid continued concerns over the prescribing of cough syrups to infants and young children, despite a directorate general of health services (DGHS) advisory in October 2025 against the practice.
Dubai hotels filling up again but rates yet to recover
Operators prioritise maintaining occupancy over maximising average daily rates as they estimate discounts of up to 15% from last year
Two home loans? You can claim tax benefits on bothbut there are limits | Check details
An individual can take multiple home loans as long as the lender is satisfied with the borrower's income, credit profile and ability to service the loans
8th pay commission: From night allowances to risk insurance, 8 key demands nurses have put forward
The nurses' association outlined several key requests, ranging from higher starting salaries and night duty pay to comprehensive insurance and the return of the Old Pension Scheme.
A big SIP corpus can look impressive on paper, but real wealth creation depends on whether investors can afford rising contributions, survive financial emergencies and stay invested through market downturns, weak returns and long periods of underperformance.
FSSAI initiates legal action against Nestle India over infant nutrition claims and biotin violation
India's food regulator has filed legal cases against Nestle India for alleged violations. These cases involve promotional claims and biotin content in infant nutrition products. The FSSAI found claims about 5 HMOs and whey protein to be inappropriate. Separately, a Nestle infant formula sample was found substandard for biotin. Nestle stated its products comply with all applicable regulations and approvals.
Pharmaceutical companies will soon find it easier to conduct drug studies. Applicants can start eligible trials after intimating the drug regulator. This change aims to speed up the launch of generic drugs locally. Import licence applications for new drugs will also see reduced processing times. These measures are part of efforts to improve ease of doing business.
The event brought together policymakers, tourism authorities, hospitality leaders and industry stakeholders to deliberate on how India can re-engineer tourism and hospitality to make a larger contribution to the countrys Vision 2047. Tourism minister Gajendra Singh Shekhawat inaugurated the Conclave.
Trai mandates AI-based spam detection, imposes charge on robocalls to curb unsolicited calls
Trai mandates telecom operators to use AI and machine learning for spam detection. A termination charge of 0.05 per minute is introduced for automated robocalls. Entities using application-to-person calls must pre-declare their usage with providers. Telecom operators must deploy AI/ML systems to detect and share spam intelligence. A consumer appeals mechanism and graded actions for violations are also introduced.
Digital gold is booming: Are investors overlooking hidden risks? Experts compare it with gold ETFs
Digital gold is booming, but investors face a key trade-off: convenience versus regulation and costs. Experts explain how digital gold compares with gold ETFs in terms of accessibility, physical delivery, expenses, investor protection, and the safeguards needed for this fast-growing segment.
From October 15, UPI payments over 2,000 for fuel, railway tickets, and other services will incur a flat MDR of 5, as announced by NPCI. Meanwhile, for P2M transactions above 2,000 outside the specified categories, NPCI has introduced a 0.4% MDR.
RBI Deputy Governor Calls For Stronger Credit Flow, Wider Banking Outreach in Jammu Kashmir
SRINAGAR: Reserve Bank of India (RBI) Deputy Governor Rohit Jain has called on banks operating in Jammu and Kashmir to improve credit delivery, expand banking services to underserved sections and adopt the Unified Lending Interface (ULI) for faster loan processing. Jain made the remarks while chairing a meeting with zonal heads of major banks operating []
Investing via RBI Retail Direct platform: Who will pay UPI MDR from 15 October? Experts weigh in
When you invest in government securities through RBI Retail Direct using UPI, who will bear the payment-processing cost? With MDR rules for capital market transactions changing from 15 October, heres what investors need to know about the charges involved.
Govt estimates 200 chip design companies to emerge from Rs 1.27 lakh cr Semicon 2.0 scheme
India anticipates around 200 chip design companies emerging from the Semicon 2.0 scheme. This initiative aims to boost the nation's semiconductor capabilities significantly. Global companies are exploring partnership opportunities and expanding their work in India. Discussions are underway for local production of critical machines and minerals. The government is also promoting water conservation in data centers and manufacturing.
Indias metro network has expanded significantly since 1984. The operational network now spans more than 1,155 km across 26 cities. This rapid growth includes new corridors in Tier-II cities and regional transit systems. Hundreds of kilometres of metro lines are currently under construction across the country. Future growth will depend on better integration, affordability and financial sustainability as Indian cities continue to expand.
RBI Dy Guv reviews banking in J&K, stresses credit push and ULI adoption
Digital Desk | Srinagar, Sep 18 (IANS) Deputy Governor of the Reserve Bank of India (RBI), Rohit Jain, on Friday reviewed banking operations in Jammu and Kashmir, emphasising the need for a stronger credit push and wider adoption of the Unified Lending Interface (ULI). An official statement said Jain convened a meeting with Zonal Heads of major banks operating in J&K. In his opening remarks, he highlighted banks' role in supporting economic activity and strengthening financial inclusion in the region. He urged banks to maintain adequate infrastructure, improve credit delivery, and ensure greater outreach to priority sectors, particularly underserved sections. Jain also stressed the importance of coordinated efforts to meet evolving credit requirements and underlined the need to respond to customer service needs and grievance redress. The Deputy Governor called for greater digitalisation of banking services while cautioning against rising digital frauds. He emphasised that banks should increase loan processing through ULI, noting its potential to transform credit delivery, similar to the impact of UPI on digital payments. Regional Director, RBI, Jammu, presented an overview of J&Ks financial landscape, highlighting economic potential across agriculture, MSMEs, tourism, handicrafts, and services. Zonal Heads of banks also shared details of their operations, including the banking network, Credit-Deposit ratio, credit flow, and Priority Sector Lending. The review included progress on onboarding banks to ULI, re-KYC coverage, settlement of unclaimed deposits, and special initiatives undertaken by banks for J&K.
Large-cap or aggressive hybrid? The mutual fund category that leads in returns may surprise you
Large-cap funds predominantly invest in large-cap stocks, while aggressive hybrid funds combine equity with debt. A comparison of their 1-, 5- and 10-year returns, along with risk-adjusted performance, reveals how the two mutual fund categories have fared over time.
L& T eyes $30 billlion from modularization in 5 years
Modularization refers to a project delivery method where entire process units are prefabricated in controlled off-site factories and then transported for rapid on-site assembly.
NMDC sets Net Zero target for operational emissions by 2047
NMDC plans net zero operational emissions by 2047, focusing on scope-one and scope-two emissions. Key strategies include energy efficiency and renewable energy integration for decarbonisation. The company will progressively implement measures across three distinct phases until 2047. NMDC aims for a minimum ninety percent reduction in operational emissions through its pathway. Remaining emissions will be addressed through offsetting measures as the roadmap progresses.
Missing a KYC update deadline doesn't mean immediate account freezing. RBI rules require banks to send reminders before action.
Mahindra XUV 3XO REVX EDGE launched at 9.39 lakh; petrol automatic variant added to REVX M(O)
Mahindra has launched the new XUV 3XO REVX EDGE starting at 9.39 lakh. A petrol automatic variant of the REVX M(O) was also introduced for 9.99 lakh. The XUV 3XO has achieved over 2.5 lakh sales in under 2.5 years. The REVX EDGE offers features like a 26.03 cm infotainment system and leatherette seats. The REVX EDGE (O) variant adds a panoramic sunroof and other convenience features.
Indian Railways is planning a second Sleeper Vande Bharat Express service. This new overnight train will connect New Delhi and Varanasi via Prayagraj and Kanpur. The service is expected to be introduced around the Diwali festival. The proposed train will operate at speeds of up to 160 kmph. The service aims to enhance travel convenience and significantly reduce journey times.
Consumer durable financing can provide formal credit to new-to-credit borrowers who may otherwise find it difficult to obtain a loan. But convenience comes with potential drawbacks.
Croma sweetens iPhone 18 Pro deal with cashback and exchange offers, here's the effective price
Croma has announced launch offers on the new iPhone 18 Pro lineup. Customers can get effective prices on the iPhone 18 Pro and Pro Max models. These offers include bank cashback and significant exchange bonuses on older devices. Savings are also available on Apple Watch and AirPods for eligible customers. These promotions coincide with the India sales debut of Apple's latest smartphones.
India catches iPhone 18 fever as launch-day frenzy sweeps Apple stores nationwide
Apple's new iPhone 18 series launched across India with eager fans lining up. The premium iPhone 18 Pro and Pro Max models are now available for purchase. Customers cited upgraded features and brand appeal as reasons for their purchases. Excitement for the new devices was visible in major cities nationwide. This launch precedes India's important festive shopping season.
FMCG distributors seek zero-MDR for UPI transactions; write to PM
The association urged the government to address the implications of calculating the merchant discount rate on gross payments and resulting cascading tax incidence. It said in its note that FMCG retail and distribution businesses operate on very thin margins, hence a 0.4% MDR can represent significant erosion of actual earnings.
Housing prices in 11 small cities up 63% since 2021, beating value growth in top 8 markets: Report
Housing prices in eleven smaller Indian cities have risen significantly since 2021. These markets show higher value appreciation than India's eight major real estate hubs. The report identifies these cities as potential leaders for future real estate growth. Their economic fundamentals are strengthening, supported by infrastructure and consumption. This trend indicates a broadening of real estate growth beyond traditional metropolitan centers.
8th Pay Commission latest news: 8 demands from nursing staff in Chandigarh meeting
The Nurses Welfare Association engaged with the 8th Pay Commission officials to present crucial demands. They aim for an increase in starting salaries and better compensation for night shifts. Furthermore, the association is pushing for expanded insurance benefits and additional hardship allowances. A significant ask is the reinstatement of the Old Pension Scheme for nurses, alongside a request for Chandigarh city's category elevation.
ICICI Bank has successfully migrated its website and net banking services to the new .bank.in domain. Customers are advised to modify their bookmarks to ensure they access the official banking site. Please note that iMobile app services will be temporarily down for several hours on September 19, 2026. Rest assured, customer IDs and passwords will remain unchanged, and a newly introduced CAPTCHA feature aims to bolster net banking security.
Midcap stocks can witness sharp corrections, making volatility a key risk for investors. But avoiding market falls can create another challenge if the subsequent recovery is missed. A 21-year analysis of the Nifty Midcap 150 highlights this trade-off.
NRI woman gets relief as ITAT cuts income tax penalty from 200% to 50%: Know why
ITAT Mumbai cut an NRI's tax penalty from 200% to 50% after she omitted 14.46 lakh in interest income from her ITR. The tribunal held mere omission isn't automatic misreporting, citing her overseas residence, reliance on an accountant, and voluntary tax payment once notified.
UPI MDR from October 15: Govt plans daily monitoring to stop merchants passing 0.4% fee to customers
The government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed on consumers, as stated by officials. The finance ministry will closely monitor adherence to the new guidelines on a daily basis. Revenue generated will aid small merchants in embracing UPI, striking a balance between managing costs and fostering digital payment expansion.
Apple is reportedly all set to launch Apple Pay in India next month with Axis Bank's credit cards. It is said that the company is also in talks with HDFC Bank and ICICI Bank.
In a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encourage more cash transactions. He highlighted the intriguing trend where digital transactions grow while cash circulation also rises, asserting that cash fulfills dual purposes as a transaction method and a valuable resource.
Hydrogen Delhi Route: Indias first hydrogen train may be extended to Delhi after recording low passenger numbers on its existing route in Haryana. The technology demonstrator has seen limited ridership on the Jind-Sonipat route. Indian Railways is exploring an extension to Azadpur station in Delhi. Low passenger turnout on the current route means the train currently operates only one daily round trip. Local passengers have also suggested creating a circuit within Haryana to improve its utilisation.
AN45 eyes 2.5-times revenue growth, enters Delhi market with Gluta Collagen range
The company is expanding its product offerings and consumer base nationally. AN45 is also evaluating key North Indian markets for further geographic expansion. Physical retail stores are being considered for Delhi and other key markets. The bootstrapped venture has invested Rs 3 crore in its operations to date.
Delhi will soon implement a new traffic challan system for motorists. Grievance rejection will require depositing fifty percent of the penalty before court. Designated officers will handle complaints against traffic challans under amended rules. The Delhi Traffic Police is upgrading its e-challan machines and camera systems. This revamped system will create a complete digital workflow for all challan processes.
India's August crude oil imports fall over 11% month-on-month
India's crude oil imports in August witnessed a significant decline, falling by more than eleven percent compared to July. On an annual basis, imports also dropped by three percent. Although there was a rise in product imports from the prior month, year-on-year comparisons showed a sharp decrease. Fuel consumption reached a concerning low, the weakest since September 2024.
8th Pay Commission: How current Dearness Relief rules work and what central govt pensioners demand
8th Pay Commission DR rules: Know how Dearness Relief is paid to central government pensioners and the key reforms pensioner organisations seek to address their concerns and improve financial security.
The recent announcement to elevate the EPF wage ceiling represents a significant advantage for employees. By contributing more each month, individuals can amass a larger retirement fund over their careers.
Mazagon Dock Shipbuilders to invest Rs 15,000 crore in Andhra shipyard
Mazagon Dock Shipbuilders will invest Rs 15,000 crore in Andhra Pradesh over seven years. A new greenfield shipyard will be developed at Dugarajapatnam, creating many jobs. This project is part of Andhra Pradesh's proposed shipbuilding and port cluster. The state's report estimates the shipbuilding yard at Rs 29,254 crore. The shipbuilding cluster is being developed under the central government's scheme.
Is Will registration mandatory? No, but two witnesses are required by law
Registration of Will is optional but at least two attesting witness in Will is mandatory; Know what the law says. This article explains it all.
What happens to a creators Instagram, YouTube accounts and earnings after their death? Explained
Social media creators with certain followings can earn consistent income, but their accounts, content and money are managed differently after death according to platform policies. Here's what happens in such cases.
High diesel prices tighten gasoline supply; global exports fall 24%: Goldman Sachs
Global gasoline exports have declined 24 per cent year-on-year as high diesel prices encourage refineries to priorities diesel production, tightening gasoline supplies across major markets, according to a Goldman Sachs report.
Cash-flow-based lending to become important for new-age sectors: SBI MD
As new industries emerge, cash-flow-based lending is poised to play a pivotal role in their growth. With traditional collateral often absent, banks such as the State Bank of India are actively researching this funding model. To extend financing effectively, a deep comprehension of technology and anticipated revenue is crucial, as banks frequently encounter obstacles in determining revenue and cash flow for innovative projects.
India has a once-in-a-generation semiconductor demand window: Infosys SVP Vikram Meghal
India is experiencing a once-in-a-generation demand window in semiconductors and must shift from Engineered in India to Invent in India, according to Infosys Senior Vice President Vikram Meghal at SEMICON India 2026.
Sustainability programme driving growth, India key to global expansion, says PepsiCo
PepsiCo is taking its sustainability push deeper in India, from helping farmers and cutting water use to shifting packaging and transport. Its PepsiCo Positive programme now spans 36,000 farmers across 14 states, while EV trucks, low-sugar beverages and regenerative farming show how the company is trying to make sustainability part of everyday business.
Once bitten, never shy: India's iPhone craze grows
Should you use your bonus to repay your home loan or invest it?
A lump-sum bonus can either wipe out your home loan or build a larger investment corpus. The choice depends on return expectations, interest rates, taxes, liquidity and your tolerance for risk.
SBI Mutual Fund: SBI, RIL, HDFC Bank among top 10 stock holdings in August
SBI Mutual Fund, Indias largest asset manager by AUM, managed Rs 13.42 lakh crore as of August 2026.
PPFAS and SBI MF among 6 mutual funds with over Rs 10,000 crore cash in August
KFin Technologies, Hindustan Copper among 5 smallcaps that saw highest MF buying in August
These five small-cap stocks witnessed the highest net buying by mutual funds in August. Here is the detailed breakup, according to a report by Motilal Oswal Financial Services.
India breaks into top 30 transparent real estate markets, ranks 26th globally
Achieving a remarkable 26th place in the global real estate transparency rankings, India stands out in the Asia Pacific region. The recent strides in regulatory practices have propelled this growth, leading to a robust increase in institutional investments. To further enhance transparency, the focus will need to shift toward deeper disclosures and the fusion of AI technologies into the market.
The Employees' Provident Fund wage ceiling has increased to Rs 25,000. This change will enable employees to receive higher retirement benefits and monthly pensions. Pension calculations now consider a higher pensionable salary and increased service years. Employees must contribute for five years at the new ceiling for maximum benefit. Eligibility for the Employees' Pension Scheme has also expanded for certain employees.
A study reveals that 70% of urban Indians aim to retire early if financially secure, with half seeking to achieve financial independence by age 50. However, majority of Gen X fear they may never retire, citing financial insecurity. Details here.
Is using 90% of your credit card limit once a problem? Experts explain impact on credit score
Using 90% of your credit card limit once may not necessarily hurt your credit score, but repeated high utilization can raise concerns. Experts explain credit utilization, statement dates, repayment behaviour and practical ways to manage credit responsibly.
Nestle India faces FSSAI action over '5 HMOs', 'easy-to-digest' whey claims in baby food
FSSAI has filed three adjudication cases against Nestl India concerning infant nutrition products. These cases involve alleged non-compliance with regulations for NAN Excella Pro Stage 1 and Lactogen Pro 1. Promotional claims made for these products were flagged by the food regulator. A separate issue involved a sub-standard biotin content found in a Nestl follow-up formula. The FSSAI is pursuing these cases based on regulatory violations and laboratory findings.
Payments: No Longer Just a Step, Becoming Core Infrastructure | Adyen | GFF 2026
View: As oil tops $100, India needs a wider, smarter fuel security strategy
Rising oil prices necessitate energy supply diversification and alternate fuel adoption. India is urging the auto industry for flexi-fuel vehicle timelines and promoting ethanol blending. Exploring iso-butanol and methanol blending offers further emission reduction and import substitution. Second-generation biorefineries are crucial for scaling up compressed biogas production. Strategic oil reserves and domestic exploration are also vital for energy security.
Lenskart and Paytm among 5 midcap stocks bought by mutual funds in August
Mutual funds favoured mid-cap stocks in August, led by companies from the financial, healthcare, IT and consumer discretionary sectors. Paytm recorded the highest net buying, followed by Aster DM Healthcare, Meesho, Lenskart and Piramal Finance.
As wedding shopping begins, gold exchange can help families manage jewellery budgets
As the wedding season draws near, families are turning to gold exchange as a savvy way to manage the costs of new jewellery. By trading in old pieces for fresh designs, they can alleviate financial strain. Trustworthy valuation processes are crucial, and organised retailers like Tanishq facilitate transparent exchanges, making the entire experience smoother. This trend not only helps with budget planning but also lessens dependence on imported gold.
Indias chip strategy: Build sovereign strengths, partner globally, says Vikram Misri at SEMICON 2026
Indias semiconductor self-reliance does not mean building every capability domestically, Foreign Secretary Vikram Misri said at SEMICON India 2026. He said India must develop sovereign strengths in areas such as design, packaging and manufacturing while partnering global equipment makers, material suppliers and design companies where collaboration offers greater value.
Maruti Suzuki achieved one million vehicle dispatches via its railway sidings. The Gujarat siding contributed 7.9 lakh vehicles, while Manesar added 2.1 lakh. These sidings accounted for seventy percent of rail dispatches in FY 2026-27. The company aims to increase rail dispatches to thirty-five percent by FY 2030-31. This expansion supports efficient and sustainable logistics operations across India.
Capitalmind Flexi Cap Fund adds Divis Laboratories, Bajaj Auto and 3 other stocks in August
Capitalmind Flexi Cap Fund made five fresh additions and completely exited five stocks from its portfolio in August, while keeping its exposure unchanged in 27 stocks. The fund had 32 stocks across 17 sectors, with healthcare accounting for the largest allocation. Heres a look at the stocks added and exited, sector allocation and the funds performance since inception.
Today saw a marked increase in gold prices among top Indian jewellery brands, spurred by a significant drop in global oil prices that changed market dynamics.
Semiconductor operations in India 'gaining strong traction' globally: BCG MD Ankush Wadhera
India is uniquely positioned as a destination to strengthen and diversify global supply chains, Boston Consulting Group (BCG) Managing Director and Partner Ankush Wadhera said, adding that setting up semiconductor operations in the country is gaining strong traction among global businesses.
