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Shorter-dated US Treasury yields surge in anticipation of another Fed rate hike
The Federal Reserve increased interest rates for the first time in over three years. Policymakers anticipate at least one more quarter-percentage-point hike by year-end. Shorter-dated U.S. Treasury yields rose after the rate hike announcement. Market bets on a future rate increase at the next meeting ticked higher. Inflation expectations for the next decade remained around 2.3 percent.
Dollar rises after Fed hikes rates in bid to counter inflation
The US dollar rises against major currencies after the Federal Reserve hikes interest rates and signals further tightening to tackle inflation. The dollar index reaches a nearly five-week high, while traders see an 80% chance of a Bank of Japan rate hike on Friday. Bitcoin remains steady after Tuesday's sharp fall.
Gold falls more than 1% after Fed hikes interest rates
Gold prices fall more than 1% after the US Federal Reserve raises interest rates and signals further hikes, pushing the dollar higher and weighing on non-yielding bullion. Spot gold drops to $4,240.10 an ounce after hitting a session high of $4,365.57, while silver, platinum and palladium also decline.
US stocks today: Dow ends 650 pts lower after Fed rate hike, more rate tightening seen
US stocks end lower after the Federal Reserve raises interest rates as expected and signals further tightening to tackle elevated inflation. The Dow falls 1.17%, while the S&P 500 drops 0.43% and the Nasdaq is nearly flat. Lower crude prices weigh on energy stocks, while chip shares gain.
UPI MDR could create Rs 27,000 crore revenue pool by FY28: Bernstein
A 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of this estimated revenue. Merchant-side payment apps and acquiring banks will also capture significant revenue shares. This levy aims to sustain UPI infrastructure and support its continued expansion. The charges remain well below card fees and exempt many smaller transactions.
US Fed chair Kevin Warsh explains why the Federal Reserve raised interest rates
The Federal Reserve increased interest rates by 0.25 percent. This action was driven by a strengthening US economy and rising inflation. Domestic spending remains resilient and job gains are keeping pace. Inflation has stubbornly stayed above the Federal Reserve's target for years. The central bank's focus remains on achieving price stability.
UPI MDR could cost 47.2 bps with GST for merchants
The new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at ?300 on transactions of Rs 75,000 and above, while consumers will not be charged. It takes effect from October 15. GST is paid by the service provider who typically recover the amount from whoever receives service.
Government cuts export levies on petrol, diesel and ATF for next fortnight
The revised levies follow a fortnightly review based on average international prices of crude oil, petrol, diesel and ATF.
Before handing over your flat for redevelopment, check these 6 safeguards
It is important for residents to complete their due diligence and secure adequate safeguards before handing over possession of the existing building to the builder
A 25 bps hike: US Federal Reserve raises interest rates for first time since 2023
The US Federal Reserve increased interest rates by twenty-five basis points on Wednesday. This move aims to control inflation that remains significantly above the central bank's target. Consumer inflation stayed at three point four percent in August, prompting this necessary action. Fed Chair Kevin Warsh faces a significant test of his credibility with this decision. Analysts anticipate another rate increase in December, impacting financial conditions.
Credit card EMI vs personal loan: Which costs less for big-ticket purchases?
A lower EMI does not necessarily mean a cheaper loan. Before choosing between a credit card EMI and a personal loan, calculate the total amount payable under both options.
New UPI rules effective October 15 introduce a 0.4% fee for merchant transactions above 2,000. While some costs may rise for consumers, person-to-person transfers remain free. Subscriptions via UPI AutoPay wont incur additional charges, protecting users from unexpected increases.
Should you choose zero copay for your health insurance? Why? Why not? Explained
A zero-copay health insurance policy reduces hospitalisation costs but often comes with higher premiums. It's crucial to compare coverage, premiums and potential expenses before selecting one.
Indias soybean imports may touch record high 1 mt in the current season on fall in domestic supply
Trend in imports likely to sustain next year on anticipated drop in output impacted by lower area, weak monsoons
World shares rise as markets await Fed rate decision
Stocks rise on Wall Street and across Europe
FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire
Indian equities recover as FMCG and PSU bank stocks gain, while IT shares and Tata group stocks face selling pressure ahead of the Tata Sons board meeting
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities rebounded on September 16 after Tuesdays sharp sell-off, with Sensex gaining 333 points and Nifty rising 99 points. Large caps led gains, while broader markets declined. Groww, Paytm and Pine Labs featured among the most active stocks.
Sebi bars two entities over alleged cross-derivatives manipulation
India's market watchdog has intervened, prohibiting two companies for their role in stock derivative price manipulation. They reportedly employed advanced options and futures strategies to make significant profits, deliberately incurring losses in stock futures to sway option prices. The focus of this manipulation was notably on smaller-cap stocks, which are more susceptible to such tactics.
On September 17, Prime Minister Modi's birthday, 3,000 will be credited to 1.58 crore eligible women under the Annapurna Yojana.
SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banks
The Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due legal process. The court ordered a finance firm to close loan accounts and refund money. Compensation was awarded for mental agony and livelihood loss. This ruling ensures borrowers are not dispossessed of vehicles arbitrarily.
Market Trading Guide: PVR Inox, Radico Khaitan among 5 stock recommendations for Thursday
Indian equities gained as easing crude prices, softer Japanese bond yields and expectations of a largely priced-in US Fed hike improved sentiment. Analysts identified Policybazaar, PNB, PVR Inox, Radico Khaitan and Hindalco as stocks showing bullish technical setups and rebound potential.
Morgan Stanley shifts $10 billion in municipal bond mutual funds to ETFs
Morgan Stanley is converting eight municipal bond mutual funds to ETFs. This move will transition nearly ten billion dollars in assets under management. The firm plans to launch seven new ETFs for these assets. Demand for municipal ETFs remains strong due to tax effectiveness and flexibility. These conversions are a defensive measure to retain client assets.
UPDATE 1-J.B. Hunt shares tank as higher trucking costs prompt CFO's warning on possible profit drop
J.B. Hunt shares fell significantly after its finance chief warned of lower third-quarter profits. Higher transportation and diesel prices increased company expenses considerably. Other trucking firms also experienced share price declines following this news. The company faces challenges with intermodal prices lagging behind rising operational costs. Increased driver hiring and fuel expenses are impacting the trucking industry this year.
Motilal Oswal Financial Services receives upgrade in LT credit ratings
From India Ratings and Research
Sebi bars broker and related entity for cross-segment price manipulation
Sebi alleges the entities used single-stock futures and options to manipulate prices, bars six from the market and orders Rs 28.12 crore in wrongful gains to be impounded.
GRT Jewellers launches 431 crore open offer for remaining TBZ stake
The Chennai-based jeweller is expanding its footprint as it moves to consolidate ownership of the legacy jewellery brand and enter northern markets.
Fortis inks services agreement for upcoming super specialty hospital at Ashok Vihar, New Delhi
Fortis Healthcare announced signing of definitive agreements with Seth Sunder Lal Jain Charitable Eye Hospital, a society registered under the Societies Registration Act, 1860 (Punjab Amendment) (SLJ Society) to provide healthcare services to a 400+ bedded super specialty hospital at Ashok Vihar, New Delhi. The hospital is expected to commence operations in 3-4 years, subject to necessary approvals. The agreements have been executed by FHL's wholly-owned subsidiary, Fortis Hospotel (FHTL).
The Union Cabinet raised the EPFO wage ceiling from 15,000 to 25,000, potentially increasing the life insurance cover under the EDLI scheme from 7 lakh to an estimated 10.5 lakh. This change could benefit between 50 lakh and 1 crore new EPFO members.
UPI MDR adds to retailers margin pressure this festive season
The introduction of a 0.4% fee on UPI transactions above 2,000 is shrinking shopkeepers' net profits right before the peak festival shopping period. While large stores plan to absorb the cost or split bills, trade groups warn small retailers may reduce discounts or favour cash payments.
Blue Dart Express appoints R.S. Subramanian as MD
With effect from 30 November 2026
Petrol dealers seek exemption from new charges on UPI transactions
Fuel retailers say thin, regulated margins leave little room to absorb the 5 charge on UPI transactions above 2,000.
Thomas Cook opens forex counters at Visakhapatnam international airport
Thomas Cook (India) has expanded its airport foreign exchange network with the opening of forex counters at Alluri Sitarama Raju International Airport, Bhogapuram, strengthening its presence in the Visakhapatnam market and the wider Andhra Pradesh region.
Moving funds from NRO to NRE? Crucial tax rules and transfer limits you need to know
Transferring capital from an NRO account to an NRE account is fully permitted, but it remains strictly regulated by tax and foreign exchange rules.
Mirae Asset AIF settles SEBI case on investment concentration for 12.75 lakh
SEBIs examination found that the concentration exceeded the prescribed threshold during part of the review period
Inside Ron Baron's $66 billion portfolio: A SpaceX problem and a Tesla cushion
Ron Barons portfolio, valued at about $66 billion, is led by SpaceX, Tesla, MSCI, Arch Capital and Gartner. The holdings reflect a focus on long-term growth across space, electric vehicles, financial infrastructure, insurance and data-driven services, alongside substantial positions in technology companies.
Board of Juniper Hotels approves acquisition of Novotel Imagicaa, Khopoli
At meeting held on 16 September 2026
Creating an effective emergency fund involves assessing essential expenses and estimating recovery time based on personal situations.
Inheritance of online businesses in India: What happens to a creators digital assets after death?
Succession planning for account access, earnings, intellectual property and commercial agreements is essential.
Brokers call: Happy Forgings (Buy)
Motilal Oswal Financial
US stocks today: US stocks open higher ahead of much-anticipated Fed rate decision
US stocks open higher on Wednesday after a two-day slide, helped by easing oil prices as investors await the Federal Reserves interest-rate decision. The Dow, S&P 500 and Nasdaq gain at the open, with markets closely watching the Feds policy signal for clues on the direction of borrowing costs.
ICICI Pru MF, SBI MF corner 54% of LIC's 31,552 crore OFS in August
The two fund houses bought LIC shares worth Rs 17,145 crore in August, while mutual funds together accounted for an estimated 76.5 per cent of the government's OFS.
NSE IPO goes live: Key things investors need to know
Mint Explainer | Will MDR hit UPI payment transaction volumes?
MDR on UPI payments is not expected to significantly impact overall transaction volumes, given that only 4% of total UPI transactions are expected to be eligible for such a charge. However, the charge has created a lot of noise around its potential impact on UPI usage
Gold, silver prices rise on bargain buying, dip in crude oil rates
Gold rebounds 1,200 to 1.55 lakh per 10 grams; Silver jumps 7,400 to 2.42 lakh per kilogram
The EPFO wage ceiling has been raised to 25,000, bringing an additional 51 lakh employees under mandatory provident fund cover, and widening social security coverage for workers. Today, we calculate how this can impact your pension payout.
Jindal Supreme IPO subscribed 7.53 times on Day 1 led by retail investors
Jindal Supreme India Ltd has fixed a price band of 88-93 per share for the IPO
SBI is hiring for senior roles, including a Group Chief Information Security Officer, with IT qualifications. Marketing Executive and Dean positions are also available.
GJC seeks review of 67% hike in gold hallmarking fee
GJC said it supports mandatory hallmarking for purity assurance and consumer protection but calls for a transparent cost assessment and stakeholder consultation due to rising costs
Indian bonds rise on short covering before Fed decision
Indian government bonds saw gains as crude oil prices retreated from recent highs. Traders squared short positions before the Federal Reserve's anticipated policy decision later today. Global debt markets stabilized after Saudi Arabia offered additional oil cargoes through Oman. The Indian central bank is also expected to tighten policy next month due to rising inflation. Bond yields eased while OIS rates tracked offshore markets, reflecting market expectations.
The tribunal held that a complaint seeking relief under RERA was not maintainable before the Karnataka RERA.
ASF Group rents 4 lakh sq ft office space to Genpact in Gurugram
ASF Group has struck a major leasing agreement, providing Genpact with four lakh square feet at the prestigious ASF Insignia in Gurugram. This move marks a significant milestone, as Genpact will occupy an entire commercial tower, contributing to one of Delhi-NCR's largest office space deals. Notably, the office leasing sector across seven major cities reported a twenty-seven percent surge in the June quarter.
Fed watch freezes Dalal Street; Nifty ekes out modest gains after brutal sell-off
The Nifty 50 closed at 23,217.60, up 99 points, while the BSE Sensex ended at 74,336.45, gaining 332.63 points
SK Hynix in talks with Intel about deal to make memory chips in US for the first time
A deal would relieve pressure on Intel, which has been struggling, and mark a big win for the Trump administration, which has been ramping up pressure on chipmakers to build in the US as relentless investment in AI and data centres fuels an acute shortage of memory chips
Maruti Suzuki among 8 large-cap stocks to hit 52-week lows and fall up to 12% in a month
Eight BSE 100 Largecap TMC stocks hit fresh 52-week lows despite the Sensex gaining 332 points on Wednesday. Shree Cement, Maruti Suzuki, IRFC, Britannia, Ambuja Cements, Godrej Consumer, Bank of Baroda and Muthoot Finance recorded new yearly lows.
Market wrap: SBI, HDFC Life, TCS, Infosys top gainers and losers on Nifty and Sensex on Thursday
Indian equities recovered on September 16, with Nifty and Sensex gaining over 0.4% as banking and heavyweight stocks attracted value buying. Broader markets remained weak, while FMCG and PSU banks advanced. Investors now await the Federal Reserves rate decision and guidance.
Capri Gold Loans rolls out Vyapar Mahotsav
Capri Global arm slashes gold loan rates to 11% for four days; stocks rise 0.61%
Hero Motors IPO subscription: Issue subscribed 1.18 times on first day
The issue comprises fresh shares worth 600 crore and an offer-for-sale of 400 crore by promoters, with listing expected September 23.
Can visiting India bring your overseas salary under the tax net? What NRIs should know
An NRI in Singapore for 12 years visited India to manage inherited assets after their mother's death. They anticipate a three-month stay and are questioning whether it will make their Singapore salary taxable in India.
Markets Rebound: Sensex Up 333 Pts, Nifty Above 23,200
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
Traders To Promote Cash Payments After New UPI Fee
The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
Sensex, Nifty, Share Prices Highlights: Indian equity markets ended higher on Wednesday, tracking gains across regional markets, as expectations surrounding the US Federal Reserves interest rate decision supported sentiment. Buying interest in banking, FMCG and automobile stocks lifted large-cap shares, while IT stocks declined.
AI, algorithms and human judgement: The future of portfolio management
AI is moving beyond technology and reshaping how investors analyse markets, manage risk and construct portfolios. As algorithms become increasingly integrated into investment decisions, human judgement remains critical. Sandeep Tandons masterclass at the ET Alpha Wealth Summit 2.0 will explore how AI and human expertise could shape the future of wealth management.
Bitcoin trades near $75,000 as CLARITY Act setback weighs, Fed decision in focus
Bitcoin fell below $75,000 to a September low after the US Senate rejected the CLARITY Act cloture vote 50-49. Ethereum and major altcoins also declined, while rising Treasury yields, regulatory uncertainty and weaker sentiment added pressure to cryptocurrency markets.
New GST Rules For UPI Payments: Merchant Discount Rate Explained
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
Rupee languishes at six-week low ahead of Fed outcome, RBI limits losses
The Indian rupee has dropped to its lowest value since late July, driven by heightened demand for the dollar and expectations of U.S. Federal Reserve interest rate hikes. While the Reserve Bank of India's interventions have helped maintain the rupee above a critical threshold, investors are eagerly awaiting signals from the Fed regarding future monetary policy, as a hawkish stance could further pressure the currency.
Mirai Aerospace, GreenValley Ink Deal To Strengthen India's Geospatial Base
GIS intelligence solutions provider Mirai Aerospace Systems and Software Solutions has signed an MoU with US-based GreenValley International Inc to strengthen India's geospatial and LiDAR remote sensing manufacturing base. The collaboration focuses on local assembly, manufacturing, technical support, and the development of AI-driven LiDAR applications, aiming to meet India's growing demand across various sectors.
Union Cabinet raises EPFO wage ceiling to Rs 25,000
The Union Cabinet has approved an increase in the mandatory wage ceiling for Employees' Provident Fund Organisation (EPFO) coverage from Rs 15,000 to Rs 25,000 per month. This move, the first revision in 12 years, is set to extend social security benefits to over 51 lakh additional employees and reflects sustained wage growth and formal employment expansion.
UPI Fees, GDP Methodology Draw Opposition Fire
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it anti-people and expressing widespread outrage. The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
Japan stocks recover as lower oil prices ease market pressure
The Nikkei 225 rose 0.69% to close at 63,923, while the broader Topix gained 0.61% to 4,062. The market reversed earlier losses as falling oil prices reduced some pressure on equities.
China stocks rise on trade hopes and AI gains
The Shanghai Composite gained 0.71% to close at 3,891.6, while the Shenzhen Component rose 1.26% to 13,454.7, recovering from the previous sessions losses.
ICICI Bank, HDFC Bank, and RIL among 8 stocks owned by 600 mutual funds in August
Eight stocks were held by more than 600 mutual fund schemes in August, making them the most widely owned stocks based on scheme holding count, according to ACE MF data. ICICI Bank topped the list with 775 funds, followed by HDFC Bank and SBI. Bharti Airtel, Reliance Industries, Axis Bank, Infosys and L&T also featured among the stocks with the highest mutual fund ownership.
Retailers Express Concern Over New UPI MDR Charges
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Kopran soars 10%, rallies 154% in FY27 so far; what's driving pharma stock?
Kopran share price: Average volumes on the counter more than doubled with a combined 13.12 million shares having changed hands on BSE and NSE.
The debate over UPI transaction fees reignites as the government announces merchant charges on transactions over 2,000. Here's what some industry leaders said about the move.
Nifty Midcap 150 drops 20%-plus once every 4.2 years, shows 21-year data
Despite the recurring volatility, the data makes a case for staying invested
India's Cement Industry Faces Oversupply Risk, Pricing Pressure
India's cement industry is on the brink of an oversupply situation as aggressive capacity expansion by major players is set to outpace demand growth over the next two financial years, potentially leading to pricing pressures and moderated utilisation rates.
Gold outlook hinges on Fed signals; metal could test $4,200: Kotak Sec
In August, Treasury more than doubled its bond repurchase operations from $2 billion to at least $4 billion per operation
Gold mining stocks offer better returns than bullion: Rational Equity Asset Management
1 lakh invested in gold mining equities returned 278% since August 2023, compared to 153% for Indian gold ETFs and 130% for physical gold over the same period: Report
Your FD and debt fund may face the same tax, heres what should decide where you invest
Debt funds and FDs may face the same slab-rate taxation, but they differ significantly in return certainty, liquidity and market risk. FundsIndia CEO Rishabh Garg explains when investors should favour the certainty of FDs and when short-duration or liquid debt funds may fit better.
BMW Ventures climbs after securing Rs 73 crore orders from Tata Projects
BMW Ventures rose 4.48% to Rs 53.92 after the company secured two purchase orders worth Rs 72.94 crore from Tata Projects.
Divis Laboratories Ltd down for fifth straight session
Divis Laboratories Ltd is quoting at Rs 9108.5, down 0.97% on the day as on 13:19 IST on the NSE. The stock jumped 50.52% in last one year as compared to a 8.14% slide in NIFTY and a 17.48% spurt in the Nifty Pharma index.
Piramal Pharma Ltd drops for fifth straight session
Piramal Pharma Ltd is quoting at Rs 202.53, down 0.46% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 17.48% lost in the Nifty Pharma index.
Hindustan Copper Ltd slips for fifth straight session
Hindustan Copper Ltd is quoting at Rs 482.15, down 2.02% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 28.73% lost in the Nifty Metal index.
NLC India Ltd drops for fifth straight session
NLC India Ltd is quoting at Rs 258.4, down 1.02% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 4.85% lost in the Nifty Energy index.
NTPC Green Energy Ltd slips for fifth straight session
NTPC Green Energy Ltd is quoting at Rs 85.6, down 0.3% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 8.14% in NIFTY and a 4.85% lost in the Nifty Energy index.
Indices trade higher; realty shares plunge
At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25.
Capri Global Capital launches Vyapar Mahotsav - a 4-day gold loan promotion
Capri Global Capital announced the launch of Vyapar Mahotsav', a four day, pan-India gold loan promotional offer aimed at providing customers with convenient and cost-effective access to funds against their gold assets, with added benefits.
Veegaland Developers IPO ends with 13.55 times subscription
The offer received bids for 15.32 crore shares as against 1.13 crore shares on offer.
