Govt defers 0.4% merchant discount rate on UPI payments NEW DELHI: The government on Tuesday deferred the rollout of a 0.4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. The National Payments Corporation of India (NPCI) has said that the charge would come into effect after Diwali, though the revised…
Dalal Street began Tuesday on a strong note, with tech-heavy stocks fuelling the gains and pushing the BSE Focused IT index and Nifty IT around 3% higher. HCLTech emerged as the top gainer, rising 7.11% to 1306.80 after reporting strong quarterly results a day earlier, backed by improved profitability metrics.Tata Consultancy Services (TCS), India’s largest…
Trading the range (buying the dips/selling into rallies) with a suitable and tight stop-loss is advisable presently. Gold price prediction today: Gold prices may rise in the short-term but the upside is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Let’s take a look: Gold Performance: On October 12,…
Rupee jumps to 95 per dollar Rupee extended its winning streak on Tuesday, strengthening to 94.96 against the US dollar. The currency opened at 95.53 in the interbank market and rose 82 paise or 0.7% from its previous close. The latest gains come after rupee’s sharp rally on Monday, when it rose 93 paise to…
India’s growth story remains strong India’s economy is expected to grow by 7% in both 2026 and 2027, according to the International Monetary Fund (IMF), keeping the country among the fastest-growing major economies despite growing uncertainties. According to the institution, strong domestic demand, robust services activity and favourable demographic trends are expected to support this…
MUMBAI: Dalal Street witnessed heightened volatility on Monday with the sensex swinging over 1,200 points from a sharp rally in the first few minutes to a sudden dive below the previous close and finally settling in the red.In early trade, the indices rallied on the back of RBI’s weekend measures to support the rupee-which gained…
Crude holds near $105 per barrel Oil prices edged lower on Tuesday after rising by nearly $2 a barrel in the previous session, as traders weighed the risks to supplies from attacks on Saudi Arabia against the prospect of additional diesel supplies from Russia.West Texas Intermediate (WTI) crude was trading at $92.84 a barrel, down…
Union finance minister Nirmala Sitharaman with Jammu and Kashmir chief minister Omar Abdullah, Haryana chief minister Nayab Singh Saini, Karnataka chief minister DK Shivakumar, Delhi chief minister Rekha Gupta, state finance ministers and other dignitaries during the 57th Goods and Services Tax (GST) Council Meeting NEW DELHI: With GST rate rationalisation and procedural simplification out…
MUMBAI: HCLTech’s dollar revenue rose to $3.7 billion in the Sept quarter, up 2% sequentially and 2.2% year-on-year. In constant currency terms, revenue grew 2.3% sequentially and 2.6% year on year. EBIT margin expanded 131 basis points sequentially and 71 basis points year-on-year to 18.2%.The company’s services business grew 3% sequentially, generating more than $100…
MUMBAI: The rupee rose 96 paise to 95.77 per dollar on Monday after fresh measures to curb dollar demand and speculative positions, even as banks sought relaxation of the new foreign exchange restrictions, more time for compliance and clarity on operational issues. The currency has weakened around 6.5% this year.The recovery may prove temporary unless…
