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Repo rate unchanged, RBI sees higher growth, lower inflation
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…
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Airtel Money eyes London listing this year, telco gets ARPU boost
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…
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US stock market today: Wall Street mixed as earnings reports drive key indices
After beginning the week with strong gains that pushed major indexes to record levels, the market has settled over the past two sessions. US stock market today: Wall Street stocks moved mixed during Thursday morning trading as investors reacted to the latest round of corporate earnings from companies across a broad range of industries.The S&P…
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Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees – top facts
Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems…
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Crèche benefits under India’s Labour Codes: What employers and working parents need to know
The crèche allowance is generally admissible for up to two children. For many working parents, one of the biggest challenges after the birth of a child is balancing childcare responsibilities with professional commitments. While employer-provided childcare facilities have existed under labour laws for many years, the newly notified Labour Codes have brought renewed focus to…
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‘Zero tolerance for unethical practices at HDFC’
Kumar described governance risks as isolated and manageable events rather than structural failures MUMBAI: HDFC Bank’s newly appointed chairman Rajiv Kumar said the lender’s corporate governance remains fundamentally uncompromised, while asserting that the board will ensure control functions stay fully empowered with zero tolerance for unethical practices.Addressing leadership changes and external scrutiny after the exit…
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Taxation bill to promote electronic manufacturing clears LS; allows provision for MDR on UPI transactions
The Taxation and Other Laws (Amendment) Bill is aimed at drawing more foreign capital into India. The Lok Sabha on Thursday cleared the Taxation and Other Laws (Amendment) Bill without discussion as continued sloganeering by Opposition members over several issues disrupted proceedings. Following the passage of the legislation, which also amends the Payment and Settlement…
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India eyes LNG import alternatives: Cabinet approves Rs 23,731 cr GOBARdhan scheme for compressed bio-gas
The government sees compressed bio-gas as a domestic solution to LNG. In a bid towards energy security, the Union Cabinet on Thursday approved a Rs 23,731 crore GOBARdhan scheme for bio gas. GOBARdhan or the Galvanizing Organic Bio- Agro Resources Dhan scheme aims to push for the production of compressed bio-gas.The move assumes significance in…
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‘Completely false, irresponsible’: Centre refutes claim of ethanol blending with jet fuel
Centre dismisses claims of ethanol blending with aviation fuel NEW DELHI: The Centre on Thursday dismissed claims that it is planning to blend ethanol with aviation turbine fuel (ATF), calling the reports “completely false and irresponsible” and urging people not to spread misinformation on aviation safety.Union civil aviation minister Ram Mohan Naidu Kinjarapu, in a…
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100% tariffs: Why India may ignore Trump threat and continue buying Russian crude oil
India faces the prospect of up to 100% Trump tariffs for its Russian crude oil purchases. On August 5, 2025, US President Donald Trump announced 25% penal tariffs on India for its purchase of crude oil from Russia. One year later, India faces the prospect of up to 100% tariffs for its Russian crude oil…