Banking And Finance
AU Small Finance Bank vehicle loan portfolio crosses Rs 50,000-crore mark
New Delhi: , which has received RBI’s in-principle approval to transition into a , on Wednesday said its crossed the milestone of Rs 50,000 crore in (AUM). The portfolio surpassed…
Do you pay tax on credit card cashback, referral bonus or old phone sale? Explained
Cashback earned through a credit card transaction, money earned by referring a friend to a fintech app, or proceeds from selling an old phone online may all put money or…
What will happen to investors on digital broking platform? INDmoney CEO responds to UPI MDR charges
A proposal to apply a Merchant Discount Rate (MDR) of 0.02%, capped at ₹300, to capital market transactions via UPI has sparked an industry-wide debate over who will ultimately bear…
‘Inevitable, more competition’: Nithin Kamath backs UPI MDR but flags cost burden for brokers
Zerodha co-founder Nithin Kamath said the Merchant Discount rate (MDR) on UPI was “probably inevitable” given the widespread adoption of the payment system. In a post on X on Wednesday,…
Market
Godavari Biorefineries share price rallies 13% after Chinese patent grant | Do you own?
share price rallied as much as 13% to ₹258.87 apiece on NSE in Wednesday’s trading session after the company received a patent from the Chinese Patent Office. According to an…
SEBI is said to ease arbitrage mutual fund rules to aid closing auction session
India’s market regulator is said to have given arbitrage mutual funds more flexibility in managing their positions, according to people familiar with the matter, seeking to draw a key source…
Newly listed MV Electrosystems shares soar 10%: Stock jumps from ₹425 IPO price to ₹848 — what’s driving the rally?
shares returned to the spotlight on Wednesday, September 16, with the recently listed stock witnessing a sharp intraday rally. The move came despite the scrip remaining below its recent peak…
PNC Infratech shares slump 17% to fresh 52-week low | What’s the reason?
shares extended their sharp decline on Wednesday, 16 September, plunging 17% to hit a fresh one-year low of ₹116.25. The latest fall takes the stock’s two-day decline to 33.76%. The…
Market
Embassy Developments to double down on luxury housing, says MD Aditya Virwani
Bengaluru: Embassy Developments Ltd (EDL), the residential development arm of Embassy Group, plans to renew its focus on premium and luxury projects, given the high demand from homebuyers, investors and…
Meta India to report child abuse material to Indian agencies
NEW DELHI: Meta will begin reporting child sexual abuse material (CSAM) directly to Indian law enforcement agencies from Tuesday, a move experts said could strengthen enforcement against online child exploitation…
Delhi HC orders tax dept to refund ₹783 cr to Teva Israel over Ranbaxy payment
The Delhi High Court on Tuesday quashed tax proceedings against Israeli drugmaker Teva Pharmaceutical Industries Ltd. and its US affiliate arising from a deal with Ranbaxy Laboratories, and ordered the…
Hero Motors garners ₹300 crore from anchor investors ahead of IPO today
Automotive technology and powertrain solutions provider said it has garnered ₹299.99 crore from anchor investors ahead of its , which opens for public subscription on Wednesday. The company informed the…
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