The Press Editor

Mumbai: Unified Payments Interface (UPI), one of the world’s largest real-time payment systems, is expected to become costlier as the government may authorise merchants to charge a Merchant Discount Rate (MDR), or fee, of 0.25 per cent to 0.40 per cent on UPI payments exceeding Rs 2,000. However, payments made from one person's regular UPI account to another's will not incur any charges. Finance Minister introduced the Taxation and Other Laws (Amendment) Bill Union Finance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill in Parliament on Tuesday. The bill seeks to remove restrictions on banks and payment…

New Delhi: Air India on Wednesday (August 5) announced the appointment of former Ethiopian Airlines Group chief Tewolde Gebremariam as the next Managing Director and Chief Executive Officer (CEO), months after Campbell Wilson announced his resignation. Wilson had resigned in April after helming the Tata Group-owned airline for four years that have been punctuated by multiple headwinds, including the fatal AI171 crash in June last year. It is pertinent to mention that the appointment comes at a crucial time when the loss-making Air India is working on expansion amid multiple external headwinds. In an official statement, Air India said that this executive…

Mumbai: NSE SME stock Agarwal Toughened Glass India Ltd ended today's volatile session in the green as the company has announced quarterly results and posted strong quarter-on-quarter growth. The company's stock closed at Rs 149.55, up 7.32 per cent or Rs 10.20 from the previous close. The company's market cap stood at Rs 263.35 crore. The stock's rally is driven by quarterly updates shared by the company. In its latest exchange filing after market hours on Tuesday, the company stated that its operating income was Rs 344 million, an increase of 22.86 per cent compared to the previous quarter.  The…

Lucknow: The National Highway Authority of India (NHAI) has announced that toll collection on the Lucknow-Kanpur Expressway will remain suspended until the restoration work is fully completed. Toll collection has been temporarily suspended on the Lucknow-Kanpur Expressway due to several cracks and damage that appeared just weeks after it was opened to traffic. NHAI said that the loss of toll revenue will be recovered from the concessionaire. "NHAI remains committed to maintaining the highest standards of quality, safety, and accountability in the development and maintenance of the National Highway infrastructure," it said in a release. According to information shared, traffic has…