No transaction charge on UPI for users, small merchants: Nirmala Sitharaman
Indian customers will continue to use instant digital payments without paying any transaction charge, Union finance minister Nirmala Sitharaman assured the Parliament on Monday, saying…
Longer financing tenures underline India’s smartphone purchases
In a rather worrying trend, India’s smartphone financing system is clocking longer tenures, as consumers with an intention to buying premium phones, are willing to…
Yulu, Bounce seek funds as gig-EV rentals zoom
Electric mobility startups Yulu and Bounce Infinity are in talks to raise $50 million and $20-25 million, respectively, to expand their electric vehicle (EV) rental…
India-SACU trade pact terms may be signed tomorrow
New Delhi: India and the Southern African Customs Union (SACU) are likely to ink the terms of reference (ToRs) for a preferential trade pact on…
Unemployment rate up at 5.4% on rise in rural joblessness in Q1
New Delhi: India’s unemployment rate rose to 5.4% in the April-June period from 5% in the preceding quarter, driven primarily by an increase in the…
Rice use for ethanol may rise as maize, sugarcane acreage falls this Kharif season
New Delhi: India may have to rely more heavily on rice for ethanol production this year as lower kharif acreage under maize and sugarcane raises…
Kharif sowing near normal as rainfall deficit shrinks
New Delhi: The area planted with major kharif crops increased to 87.7% of the normal seasonal average by August 7, down only 1.8% year-on-year, as…
S&P 500 to 8,000? Why JPMorgan is betting on earnings despite high valuations
JPMorgan is becoming more bullish on the US stock market. Strategists at JPMorgan Chase & Co. have raised their year-end target for the S&P 500…
Boeing to divest tech ventures for stake in air-taxi startup
Boeing announced an agreement Monday to divest its air taxi and two other technology ventures to Archer Aviation for a stake in the startup. The…
IIT Madras alumni’s Discovered Materials raises $9 million from Lightspeed, YC, Peak XV
Discovered Materials, a startup building AI agents to discover new materials for semiconductor chips, has raised $9 million (Rs 85 crore) in a round led…