Benchmark Sensex tanked 778 points while the broader stock index Nifty closed at a five-month low on Tuesday amid surging oil prices, geopolitical tensions and weak trends in global markets. The 30-share BSE Sensex tumbled 777.94 points, or 1.04 per cent, to settle at a three-month low of 74,003.82, dragged by losses in blue-chip banking,…
The RBI said the move would help UPI “continue to scale, innovate and serve consumers.” NEW DELHI: The Reserve Bank of India has backed the introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions, saying the move would help strengthen the long-term sustainability of India’s digital payments ecosystem.The National Payments Corporation of India…
Bengaluru: Oracle began a fresh round of layoffs in India on Monday, affecting several mid- to senior-level employees in web development and maintenance, people familiar with the matter said. Some sources estimated that 1,000-1,500 employees in India could be affected, though TOI could not independently verify the figure. An email sent to Oracle did not…
Top stocks to buy on September 16, 2026. Stock market recommendations: PN Gadgil Jewellers, Mankind Pharma, and BEML are the top stocks recommended by Ganesh Dongre, Senior Manager – Technical Research, Anand Rathi Shares and Stock Brokers Limited for September 16, 2026. Below are the target prices and stop loss levels for these stocks.PN Gadgil…
New Delhi: Goods exports jumped over 26% to $43.8 billion, the fastest pace of expansion since June 2022, due to a surge in electronics, engineering goods and petroleum products, while lower gold shipments helped moderate import growth to 14%, and narrow the trade deficit to $26.9 billion, a five-month low.Latest data released by the commerce…
Oil prices fell on Wednesday after an unexpected increase in US crude inventories outweighed concerns over supply disruptions following an attack on Saudi Arabia’s East-West pipeline.Brent crude futures declined 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate (WTI) crude futures dropped 97 cents, or 0.92%, to $104.86…
Mumbai: With Brent firmly trading significantly above the psychologically important $100/barrel mark, US 10-year yield at two-decade high at over 5%, India 10-year at above 7.1%, and rupee weakening close to 96/$, Dalal Street investors pressed the panic button on Tuesday. As a result, sensex lost about 1,400 points from the day’s high and closed…
New Delhi: Auto industry entered the festive season with dealers receiving more cars and scooters than in any previous Aug. Whether buyers match that pace at showrooms is the next test.Passenger-vehicle dispatches rose 36.5% year-on-year to 4,39,309 units, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Tuesday. But the increase…
MUMBAI: Will the reintroduction of MDR on select UPI transactions impact you in any way? Well, a lot will depend on individual retailers, even though the government has kept consumers beyond the ambit of the framework. MDR is charged to merchants by banks and payment networks for processing digital transactions.Many of the large merchants such…
MUMBAI: Tata Group companies’ shares jumped on Tuesday after Reserve Bank of India directed Tata Sons to comply with upper-layer NBFC rules – including a mandatory listing. Seven listed Tata companies together hold 11.9% of Tata Sons, and a potential IPO could unlock value for them. Tata Chemicals led the rally, hitting its 20% upper…
