Introducing MDR on UPI merchant payments could help expand its use for cross-border transactions, says JP Morgan executive. MUMBAI: The introduction of merchant fees on UPI transactions could help expand its use in cross-border payments by giving merchants an alternative that remains cheaper than cards and cash, said Max Neukirchen, co-head of JP Morgan Global…
The case took a significant turn in 2007, when the landlady borrowed Rs 25 lakh from the tenant. (Image for representative purpose only) You rent out your property and the rent agreement expires, and the tenant does not vacate it, but continues to pay you higher rent. Are you entitled to claim mesne profits, which…
BENGALURU: IIT Madras and venture capital firm Unicorn India Ventures have announced the first close of about Rs 450 crore for their Rs 1,000-crore deeptech fund, with roughly a third of the capital coming from overseas investors. The fund will back capital-intensive startups that can take years to reach commercial scale.IITM Unicorn Frontier Fund I,…
Edible oil duty cut may ease input costs for biscuit, noodle and snack makers BENGALURU: The cut in edible oil import duties could ease costs for makers of biscuits, noodles and fried snacks, but cheaper packs may not follow immediately. Analysts said the benefit would take time to flow through to manufacturers, with companies likely…
For the week ahead, crude oil, Treasury yields, Fed communication and US-Iran negotiations are likely to remain the principal drivers. Gold price prediction today: Gold prices are falling and multiple global factors are likely to continue adding pressure, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Let’s take a look:Gold…
Rupee falls 20 paise against US dollar Rupee began Monday in red, slipping 20 paise to 95.95 against the US dollar in early trade. The decline came as a strengthening greenback, continued foreign fund outflows and elevated crude oil prices added pressure on the domestic currency amid the ongoing Middle East conflict.The currency began the…
Gold remains under pressure as both bond yields and crude oil prices moved higher. Gold price crash today: The start of the week saw both the precious metals, MCX Gold and MCX Silver, crash on Monday as the rise in oil prices fuelled inflation worries and increased expectations that the US Federal Reserve could raise…
Both indices crashed over 1% amid the intensifying Iran-US conflict. Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmarks tanked in morning trade on Monday as persistently high crude oil prices and a spike in US bond yields added to investors’ woes. Both indices crashed over 1% amid the intensifying Iran-US conflict.While…
Oil remains elevated as Trump rejects Iran proposal Oil prices rose on Monday as Middle East tensions kept markets on edge after US President Donald Trump rejected Iran’s proposal to end the conflict and reopen the Strait of Hormuz. With this, oil markets have continued to remain volatile for seven months now, since US and…
Gold prices fell sharply on Monday, extending losses to more than 2%, as a surge in oil prices stoked inflation concerns and strengthened expectations that the US Federal Reserve could keep interest rates higher for longer.Spot gold fell 2.1% to $4,198.10 an ounce as of 9:35 am IST, putting it on track for its biggest…
