Higher income can improve the borrowing capacity of an applicant, but it should not be confused with affordability. The author is CEO of PaisabazaarBuilding awareness on how a lender assesses a loan application can help prospective borrowers plan better and stay eligible for suitable offers. Lenders conduct a thorough risk assessment while approving your loan….
Raising the limit to Rs 25,000 will bring a sizeable number of employees earning between Rs15,000 and Rs 25,000 within the statutory social security system. The Union Cabinet on Wednesday approved the Ministry of Labour & Employment’s proposal to increase the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from Rs…
The latest Oracle cuts come against the backdrop of similar workforce reductions Oracle has reportedly started another round of job cuts globally, with industry experts tracking the company estimating that around 10% of its India workforce, or roughly 3,000 employees, could be affected.The company had already eliminated 21,000 jobs earlier this year, including around 12,000…
ISMA has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity NEW DELHI: Indian Solar Manufacturers Association (ISMA) has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity, with an annual…
The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among others, may choose to absorb the cost. The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, subject to an overall cap of Rs 300. For utility…
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…
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…
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…
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…