Business

New Delhi: In a major relief to UPI users, the decision to levy a Merchant Discount Rate of 0.4 per cent on transactions over Rs 2,000 has been deferred, with NPCI Tuesday saying a new date for the implementation will be decided after Diwali. According...

Washington/New Delhi: International Monetary Fund (IMF) Tuesday raised its forecast for India's economic growth to 7.0 per cent for 2026, saying the country "remains among the fastest-growing major economies" even as a war in the Middle East and higher oil prices drag on much of...

Bangkok: The International Monetary Fund Tuesday slightly upgraded its outlook for the world economy for this year, but it's still forecasting growth at a sluggish 3.1%. The IMF had forecast global growth at 3.0% in July. The world economy expanded at a 3.5% annual pace...

RABINARAYAN JENA, OP Bhubaneswar: More than 61 lakh land records in Odisha are yet to be taken up for survey, despite the expiry of the six-month deadline set by the government, raising concerns over delays in revenue services, sources said. The state government has taken...

Jajpur: Industrialisation was promised to create employment opportunities and improve the economic condition of local residents through permanent jobs. Trusting these assurances, residents of Kalin ganagar in Jajpur district welcomed several cement plants after the establishment of steel industries. However, JSW Cement has allegedly failed...

Mumbai: Banks have urged the Reserve Bank of India to ease one of the key measures the regulator announced over the weekend to support the rupee and scrap the threshold above which the rule comes into effect, four sources familiar with the discussions said. Lenders...

New Delhi: India and UK Monday agreed to exchange data annually on the use of their Comprehensive Economic and Trade Agreement (CETA), including businesses' claims for lower tariffs and feedback on implementation, starting a year after the pact comes into force, to help more firms...

New Delhi: Supreme Court Monday said the Centre's response on capping the trade margin of anti-cancer drugs at 30 per cent of the maximum retail price (MRP) is "hardly anything to be happy about" and questioned why the government cannot cap trade margins of other...

New Delhi: Retail inflation rose to 5.54 per cent in September, mainly due to costlier food items, according to government data released Monday. The Consumer Price Index-based inflation was at 4.83 per cent in August. The inflation figure for September is the highest in the...

New Delhi: Trade and transport bodies Monday opposed the designation of Ramlila Maidan as a protest site in Delhi, citing its proximity to major wholesale markets in Old Delhi and the potential disruption to the movement of goods and commercial activities. The Chamber of Trade...