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…
Nagpur: Solar Industries, a Nagpur-headquartered explosives manufacturer, has signed a definitive agreement to take over South Africa’s Omnia Holdings in a Rs 12,951 crore deal, leading to formation of one of the world’s largest and most integrated blasting solutions platform.Solar would also get access to key international markets, including US, Canada, Australia, Brazil and Indonesia,…
The upstairs owner was no longer willing to let repair workers enter his flat. (Image for representative purpose only) Co-habiting in a housing society can come with its set of challenges. One such case is of a ground floor flat occupant who was constantly troubled by water leakage from the first floor, and the problem…
India’s exports to the US rise 21.8%, China shipments jump 52.4% in August (representative image) India’s merchandise exports to the US and China recorded strong growth in August 2026, with shipments to the US rising 21.83% and those to China increasing 52.35% from a year earlier, according to commerce ministry data released on Tuesday.Exports to…
MUMBAI: Amazon’s quick commerce business has now crossed $1 billion in gross annualised sales in India over the past three-month period and has caught up with competition to become one of the top three market players in Delhi and Bengaluru, despite a late entry into the instant delivery space, a top company executive said.In an…
MDR applicability is determined by overall merchant account categorisation. A Merchant Discount Rate (MDR) of 0.4% will be applicable on person-to-merchant UPI transactions above Rs 2,000 from October 15, 2026, as per the latest notification from NPCI. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.Merchant Discount…
File photo: A man walks past an Indian Rupee symbol installation at the Reserve Bank of India (RBI) headquarters in Mumbai (Picture credit: Reuters) The Indian rupee fell 0.4% against the US dollar on Tuesday, logging its sharpest single-day decline in two months as rising oil prices and expectations of higher US interest rates weighed…
Where does that leave India, a country that imports around 90% of its crude oil? India has managed to evade a major oil shock from the US-Iran conflict, but with a triple whammy loading – what are its best options? Russian crude oil continues to be the biggest component of India’s oil import basket but…
While making the transfer, the money was inadvertently sent to another account. (Image for representative purpose only) You attempt to transfer money online but you end up sending it to the wrong account which is also dormant. What happens then? How do you get your money back?That’s the case of a woman who intended to…
India’s overall trade deficit shrinks as exports grow faster than imports in August (representative image) India’s overall trade deficit narrowed to $9.41 billion in August 2026 from $11.62 billion in the same month last year, as exports grew at a faster pace than imports, according to official trade data released on Tuesday.Overall exports, including merchandise…