Blog

The Supreme Court on Monday refused to stay the Centre's decision to impose MDR (Merchant Discount Rate) on UPI payments exceeding Rs 2,000. However, the top court has issued notice to the Centre, the Reserve Bank of India (RBI), the National Payments Corporation of India (NPCI), and the UPI Steering Committee on a plea challenging the Gazette notifications that announced charges on commercial UPI person-to-merchant transactions above Rs 2,000. "It is less a legal and more a technical issue," a bench of Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V Mohana observed.  Additional Solicitor General N Venkataraman, appearing…

In a major relief to thousands of bank customers across India, all public sector bank branches will function as usual today, i.e. on September 28, 2026, because the United Forum of Bank Unions (UFBU), an umbrella body representing seven bank employees' and officers' unions, has decided to defer the three-day nationwide strike planned between September 28 and September 30. The strike was deferred after the Indian Banks' Association (IBA) assured them it would meet their demands, including a five-day workweek. State Bank of India issues customer advisory Meanwhile, State Bank of India, the country's largest public sector bank, has issued…

New Delhi: Boeing has detected a software issue in some of its 737 MAX aircraft that could cause the disengagement of the automated flight guidance system after a missed landing approach, according to sources. The aircraft maker is working on a permanent solution to address the issue. In India, Air India Express and Akasa Air together operate around 96 Boeing 737 MAX aircraft. What did Boeing say? A Boeing spokesperson on Sunday (September 27) said its engineers are working on a software update to permanently address the issue. "Last month, we informed all 737 operators about a software issue where…

Shares of Sindhu Trades, which is primarily engaged in transportation logistics and support services, are on investors' radar today after the company announced it has acquired controlling stakes in Advent Coal Resources Pte Ltd and Sainik Mining and Allied Services Ltd (SMASL) for a total of Rs 922.50 crore. Amid this, the stock opened in the green today at Rs 24.02 on the BSE, up from the previous close of Rs 23.82, a gain of Rs 0.2 or 0.83 per cent. However, the stock witnessed selling pressure as benchmark indices Sensex and Nifty tumbled amid surging crude oil prices, geopolitical…

Indian equity benchmark indices, the Sensex and Nifty, opened in the red as renewed uncertainty over US-Iran discussions has pushed Brent crude back above USD 106. While the 30-share BSE Sensex shed 160.91 points or 0.22 per cent to start the session at 73,734.83, the Nifty fell 75.60 points to open at 23,064.90. In the last trading session, the Sensex closed at 73,895.74 and the Nifty 50 at 23,063.10. Similarly, the broader indices traded lower in the early trading session. While the BSE Midcap Select Index shed 15.34  points, the BSE Smallcap Select Index fell 10.65 points or 0.12 per…