Business

The Supreme Court refused to stay the proposed MDR on specified UPI merchant transactions above Rs 2,000 from October 15. It sought responses from the Centre, RBI and NPCI within four weeks on a petition challenging the levy

SpaceX launched Starship toward orbit for the first time, aiming to circle Earth six times during a nearly 10-hour mission. The test is designed to demonstrate the spacecraft's capabilities ahead of planned lunar missions under NASA's Artemis programme

The rupee fell 28 paise to close at 96.03 against the US dollar on Monday as risk-off sentiment, rising crude oil prices and US-Iran tensions weighed on the currency. Forex traders said continued geopolitical uncertainty could keep pressure on the rupee

Indian stock markets fell sharply on Monday, with the Sensex plunging 1,124 points to a six-month low and the Nifty closing below 22,800. Rising crude prices, US-Iran tensions, elevated bond yields and foreign fund outflows weighed on sentiment

India's 4G smartphone shipments are expected to grow 3 per cent in 2026 after declining 48 per cent in 2025, as rising component costs widen the price gap with 5G devices and drive price-sensitive consumers towards affordable 4G handsets

Silver prices plunged more than Rs 7,000 on the MCX on Monday, falling below Rs 2.28 lakh per kg amid a global sell-off in precious metals. Rising crude prices, inflation concerns, higher US yields and a stronger dollar weighed on sentiment

Recently listed NSE shares fell below their IPO issue price, trading over 6 per cent below their listing-day peak. The stock declined amid early selling pressure, despite a strong debut. NSE’s IPO was India’s second-largest public issue, attracting 5.71-times subscription 

Indian equity benchmarks opened lower on Monday, with Sensex falling over 150 points and Nifty declining 0.33 per cent, amid pressure from elevated crude prices and US bond yields. Realty, financial, auto and FMCG stocks led early declines

  Microsoft co-founder Bill Gates warned that advanced AI could trigger events causing one billion deaths, urging governments to mandate safeguards and monitoring. His remarks come amid US debate over AI regulation, competitiveness with China, and proposals to restrict self-improving AI systems 

With banking rapidly going digital, the debate should centre on balancing employee expectations, customer convenience and operational requirements

Sensex and Nifty recovered after Thursday's sharp sell-off, gaining 315 and 77 points respectively. Analysts, however, maintained a cautious outlook, citing key support and resistance levels and warning that a break below crucial zones could trigger further selling

Mahindra & Mahindra is considering another price increase across its SUV portfolio amid rising commodity costs. CEO Nalinikanth Gollagunta said the company will decide within weeks, while noting strong demand, upcoming product launches and planned increases in ICE and EV capacity

The Bharat Maritime Insurance Pool has issued over 3,000 cargo war policies since its May launch, providing domestic war-risk cover amid regional conflicts. Government-backed support of Rs 12,980 crore strengthens the facility as India seeks to reduce dependence on foreign insurers

Economists expect the RBI’s inflation mandate and tighter liquidity conditions to increase the likelihood of rate hikes in October and December. Sustained liquidity absorption through VRRRs, OMO sales and FX swaps has reduced excess liquidity, strengthening monetary policy transmission

Indian Oil Corporation has dispatched its first rake of Xtreme Weather Grade high-speed diesel for the Army's Eastern Command, extending specialised fuel supplies to Sikkim and Arunachal Pradesh. The move expands IOC's XWG diesel footprint beyond the northern frontier

Rising power demand, continued coal dependence, grid constraints and the intermittent nature of renewable generation pose formidable challenges

The rupee gained 19 paise to close at 95.80 against the US dollar, supported by improved global risk sentiment and possible RBI intervention. Gains were capped by importer demand, high crude prices and a stronger dollar

Indian equity markets rebounded on Friday, with the Sensex gaining 315 points and the Nifty adding 77 points, amid easing crude prices and reports of progress towards a phased US-Iran agreement. Analysts said investors remained selective amid global risks.

Finance Minister Nirmala Sitharaman said the proposed 0.4 per cent MDR on select UPI transactions above Rs 2,000 is not a tax or surcharge, with collections staying within the payment ecosystem and consumers not bearing the charge

India’s credit card spending growth slowed in August, with HSBC and Jefferies flagging muted momentum and profitability pressures. Card additions rose 10.3 per cent year-on-year, while UPI continued to dominate digital payments amid changes to the merchant discount rate framework

The government is evaluating revised financial bids from Fairfax Financial Holdings and Emirates NBD for a 60.72 per cent stake in IDBI Bank. The strategic sale resumed in July after earlier bids fell below the reserve price set by the government

Ekkaa Electronics has filed draft papers with Sebi to raise Rs 725 crore through an IPO, comprising a fresh issue of Rs 525 crore and an OFS of Rs 200 crore. Proceeds will support debt repayment, working capital and corporate needs

The rupee gained 14 paise to 95.85 against the US dollar in early trade on Friday, supported by positive domestic equities. However, elevated crude prices, importer dollar demand and a stronger US dollar index continued to weigh on the currency

Oil prices fell as reports of US-Iran talks raised hopes of reopening the Strait of Hormuz and easing supply disruptions. Brent dropped toward $105.6, while markets remained tight and volatile amid geopolitical tensions, Saudi missile interceptions and continued Houthi attacks