Mobile retailers warn of higher costs, call October 2 protest (representative image) Mobile phone retailers across India plan to observe October 2 as a “No UPI Day”, protesting the proposed 0.4% Merchant Discount Rate (MDR) on specified UPI merchant transactions above Rs 2,000.The protest has been called by the All India Mobile Retailers Association (AIMRA),…
Crude, US-Iran talks and key data in focus this week Dalal Street is likely to begin the holiday-shortened week with investors tracking a mix of geopolitical developments, oil prices and global financial conditions. According to analysts, developments in US-Iran diplomacy and movements in crude oil will be among the key factors determining market sentiment.The market…
Festive shopping to get costlier The festive cheer may come with a slightly heavier price tag this year.As shopping lists grow ahead of the peak season, air-conditioners, LED TVs, washing machines and other consumer appliances are set for another round of price hikes.Leading manufacturers are raising prices by 5-8% from October 1, citing higher costs…
All public sector banks and regional rural banks will remain operational on Sunday. NEW DELHI: Banks are open and functioning normally across the country on Sunday, September 27, as the government takes steps to ensure “uninterrupted banking services” ahead of the proposed three-day nationwide strike from September 28 to 30.The move comes as the strike…
The latest increase comes ahead of the peak festive shopping period. Consumers could face higher prices for air conditioners, washing machines, refrigerators and LED TVs this festive season, with leading appliance and consumer electronics makers planning price hikes of up to 8% from October 1 as rising commodity and freight costs squeeze margins.The latest increase…
MUMBAI: Mehli Mistry, M Pallonji Group director and confidant of the late Ratan Tata, will not seek re-election as Tata Medical Centre Trust (TMCT) trustee when his term expires Sept 30. This will make it his sixth exit from an institution linked to the late industrialist since his death in Oct 2024. Mehli sent an…
GIFT Nifty breaks the $23 billion mark GIFT Nifty’s expansion since its full-scale launch in July 2023 has taken the international platform to another trading milestone, with turnover, volume and open interest all hitting fresh highs on September 25.The platform’s cumulative turnover reached $3.52 trillion as of September 25, 2026, while more than 76.19 million…
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein Foreign investors may continue to remain cautious on Indian stocks even after the artificial intelligence (AI) trade peaks, brokerage Bernstein said. It said foreign investors are unlikely to return in large numbers unless India is able to build industries and companies…
Crude prices climbed as prolonged Iran tensions and disrupted Strait of Hormuz flows heightened concerns over Middle East oil supplies and refined-fuel availability. Oil prices fell over 2% as markets weighed growing hopes of a US-Iran truce against fresh concerns over oil supplies from Saudi Arabia. Talk of a possible US ban on diesel exports…
MUMBAI: Self-listing by stock exchanges is feasible, but the decision remains under the purview of market regulator Sebi, NSE chairperson Srinivas Injeti said Friday. A day after the country’s largest bourse got listed on rival exchange BSE, Injeti pitched for self-listing, saying that things which are not permitted today may be allowed tomorrow amid evolving…
