In the past, RBI officials have supported fees at least for large transactions MUMBAI: RBI governor Sanjay Malhotra said consumers already bear the cost of UPI transactions through the broader economy even if merchant fees are not explicitly charged.Responding to questions at a press conference on enabling merchant fees on UPI, Malhotra said it was…
Sebi insists on creating better awareness among investing community in a meeting with brokers MUMBAI: Faced with teething troubles with the Closing Auction Session (CAS), officials at markets regulator Sebi on Wednesday interacted with representatives from large broking houses to understand the problems and asked them to make investors aware of the system. CAS is…
Gold is targeting 148,000 and 152,000 as the immediate resistance levels. Gold and silver price prediction today: Gold prices are showing some bullish bias while silver prices are also seeing some recovery, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX Gold has breached from its consolidation…
The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria….
RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…
Central bank is preparing to pilot the new currency substrate after securing govt approval for large-scale field trials MUMBAI: Polymer banknotes are likely to enter circulation at the beginning of FY28, RBI governor Sanjay Malhotra said, as the central bank prepares to pilot the new currency substrate after securing govt approval for large-scale field trials….
Indian benchmark indices opened higher on Thursday, extending gains after the RBI kept interest rates unchanged in its latest monetary policy review. The BSE Sensex opened at 78,782.43, up 201.43 points (0.26%) from its previous close of 78,581, while the NSE Nifty 50 opened at 24,641, gaining 16.35 points (0.07%) from its previous close of…
Airtel Money has now achieved meaningful scale with Q1 revenue of over $400 million, growing at 26% year-on-year in constant currency terms NEW DELHI: Airtel Money is preparing for a London listing in the second half of 2026, Bharti Airtel executive VC Gopal Vittal said on Wednesday. Airtel Money is a mobile commerce service that…
Top stock market recommendations: Ambuja Cements, Asahi India Glass, and Pfizer – these stocks have been identified as the top buy calls for August 6, 2026 by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management. The expert has also shared outlook on Nifty50 and Bank Nifty: Stock recommendations Ambuja Cements…
Oil prices edged lower as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal NEW DELHI: Oil prices edged lower on Thursday as investors weighed whether progress in Iran-Oman talks could pave the way for a US-Iran peace deal, potentially ending the five-month conflict and reopening the Strait…
