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Divisions run deep as Tata Sons meets

New Delhi, Sept. 17 -- The Tata Sons board meets on Thursday with a clear split on the table- Noel Tata, representing majority shareholder Tata Trusts, against chairman N. Chandrasekaran and the board... Read More


UPI fee to boost banks' revenue, revive card, ATM biz

New Delhi, Sept. 17 -- The reintroduction of merchant discount rate (MDR) on select unified payments interface (UPI) transactions could bring a sizeable boost to banks' revenues, according to senior o... Read More


Zero-MDR gave banks no return on UPI merchant onboarding costs: Ex-DFS secretary M. Nagaraju

New Delhi, Sept. 17 -- Banks were incurring costs on merchant verification, QR deployment and support without receiving any return from larger merchants under the zero-merchant discount rate (MDR) reg... Read More


Indian chip startup Mindgrove Technologies eyes first revenues this fiscal year

New Delhi, Sept. 17 -- As India's annual chip conference kicks off, Mindgrove Technologies, a homegrown semiconductor design startup incubated at IIT Madras, expects to start generating revenue this f... Read More


Indonesia secures US$4.96 bln investment commitments under TCTP scheme

Jakarta, Sept. 17 -- Indonesia has secured Rp88.1 trillion (US$4.96 billion) in investment commitments from Chinese companies under the Two Countries Twin Parks (TCTP) cooperation framework, Indonesia... Read More


VIDEO: Rivers students cross dangerous floodwater on makeshift planks to reach classroom

Nigeria, Sept. 17 -- Students of Community Secondary School, Rumuapara, in Obio/Akpor Local Government Area of Rivers State, are learning in a flood-ravaged environment, with dilapidated buildings and... Read More


FinMin sees no increase in cash transactions post UPI MDR levy

New Delhi, Sept. 17 -- The Finance Ministry does not expect an increase in cash transactions due to the levy of 0.4 per cent Merchant Discount Rate (MDR) for UPI transactions above Rs 2,000, which com... Read More


Benchmark Sensex & Nifty close nearly flat after US Federal Reserve's interest rate hike

Mumbai, Sept. 17 -- Benchmark indices Sensex and Nifty closed nearly flat on Thursday as caution prevailed after the US Federal Reserve increased its interest rates and indicated further tightening in... Read More


Small merchants, P2P transactions to remain free on UPI: ASSOCHAM

New Delhi, Sept. 17 -- More than 3 crore micro units with monthly UPI turnover below Rs 1 lakh will not face merchant discount rate (MDR) charges, ASSOCHAM said, welcoming the new framework for large-... Read More


NSE facilitates Rs 1,000 crore tokenised bond issuances by REC and L&T

Mumbai, Sept. 17 -- The National Stock Exchange of India (NSE) has successfully implemented tokenisation technology for corporate bonds on its Electronic Bidding Platform (NSE EBP) under the SEBI Regu... Read More