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Snapdeal parent AceVector seeks up to $182 million valuation in trimmed India IPO

AceVector, parent of Indian e-commerce company Snapdeal, is seeking a valuation of up to 17.41 billion rupees ($181.71 million) in a trimmed initial public offering that will open

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'No burden for consumers': Sitharaman clarifies who will pay MDR on UPI transactions

Finance Minister Nirmala Sitharaman addressed concerns over the Merchant Discount Rate charges, emphasizing that UPI users will face no additional financial burden. These charges apply solely to payment operators and do not treat consumers as taxpayers. The revised rule targets…

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India's first blue bond set for launch next week, official says

India’s first maritime lender, Sagarmala Finance Corporation, plans to raise funds through the country’s maiden blue bond on September 28, its top

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India's GDP growth in FY27 to average 7.3 pc, monetary policy closely focused on inflation: Economist

A DBS Bank economist on Tuesday said it expects India’s growth in FY27 to average 7.3 per cent, as external position remains supported by stronger capital flows.

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Sensex rises 110 points, Nifty above 23,450 as oil prices, bond yields cool down. Time for a sectoral pivot?

Indian equities traded higher as softer crude prices and easing bond yields improved sentiment. Sensex and Nifty extended gains, while broader markets also advanced. Analysts highlighted a possible sectoral shift towards fairly valued largecaps and improving technical momentum.

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RBI issues norms on capital requirements for market risk under Basel III for banks

As of April 1, 2027, banks are prohibited from reclassifying instruments to achieve lower capital requirements under the new market risk guidelines that align with the updated Basel III framework. This transition will see banks adopting a simplified standardized approach…

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8th Pay Commission salary hike: What a 7% annual increment means for level 9, 10 and 11 employees? | Explained
The 8th Pay Commission has completed its scheduled Mumbai meetings. Several organisations have proposed annual increments above the current 3%. Here's what a 7% annual increment means for level 9, 10 and 11 employees?
Kerala man wins legal battle against IRCTC over Re 1 refund shortfall; gets 100x compensation from consumer commission
A passenger booked a train ticket for a journey on August 20. He cancelled the ticket more than 48 hours before the journey. Here's what happened next.
PM Kisan Fund Transfer Journey Explained: How money is credited directly to farmers’ bank accounts - Know full process
The government transferred ₹18,690 crore to more than 9.34 crore farmers in PM-KISAN’s 24th instalment. Payments are made directly to bank accounts after state verification, Aadhaar and bank validation, PFMS checks and approval, as per the central govt.
Gujarat bank holiday tomorrow 31 Oct 2026 Saturday: Not open; here is why branches are closed | RBI Ahmedabad calendar
Banks in Ahmedabad will remain closed on October 31 for Sardar Vallabhbhai Patel’s birth anniversary, though banks elsewhere in India will remain open. Details here.
Swiggy, Zomato, other gig workers to get new social security board: Pension, insurance benefits incoming? Know here
The National Social Security Board will design, monitor, and recommend targeted welfare schemes for the informal workforce in India. It is for unorganised, gig and platform workers.
DA now at 63%: Will the latest hike increase your HRA too, or only your monthly salary?
A DA and DR hike from 60% to 63% will benefit central government employees and pensioners, with the revised rates effective July 1, 2026. Monthly DA gains vary by basic pay, while HRA remains unchanged because the latest increase does not cross a threshold for revising HRA rates.
Planning to invest in Meta, SpaceX or Nvidia? 3 risks Indian investors must know before buying US stocks
With India’s Nifty 50 down nearly 12% this year, investors are looking abroad, including to US stocks. Here's what Indian residents should keep in mind before putting money in US companies.
Over 63% of retail mutual fund AUM is in regular plans: Why is SEBI pushing direct plans? Experts explain pros and cons
SEBI will make direct mutual fund plans the default option on AMC digital platforms from November 1. With regular plans still accounting for 63.3% of retail mutual fund AUM, experts explain why investors choose them and how the new rule could impact them. 
Should you stop saving for retirement? Elon Musk says AI and robots could make money less important in future! But how?
Elon Musk says saving money for the distant future could become pointless as AI and robotics create an era of unprecedented abundance. He believes superintelligent AI could make work optional, drive down the cost of goods and services, and reduce the importance of money.
Equity, debt, PMS or AIFs: How does EPFO invest your money and pay guaranteed interest every year? Experts explain
EPFO invests monthly contributions from employees and employers across government securities, corporate bonds and ETFs. But how does it manage market risks while offering a fixed interest rate? Experts explain its investment process, interest rate mechanism and proposed AIF exposure.