The service uses a proprietary technology stack and an SMS-based architecture (representative image) Fintech major PhonePe on Monday announced the launch of PhonePe UPI 123Pay, a service that allows feature phone users to make UPI transactions without requiring an internet connection.According to news agency PTI, the service makes PhonePe the first major third-party application provider…
According to the PFRDA circular, PoPs will receive an annual charge equivalent to 0.20% of the assets under management. New NPS charges from October 1: The Pension Fund Regulatory and Development Authority (PFRDA) has updated the charges that Point of Presence (PoP) entities are permitted to levy on subscribers under the National Pension System (NPS)…
Indian IT could see AI-led growth inflection from FY27 as spending shifts to deployment The next phase of the artificial intelligence investment cycle could work in favour of Indian IT services companies, with global technology spending expected to move towards enterprise-level AI deployment after a period focused largely on building infrastructure, according to an Anand…
India has become an important source of gasoline, or petrol, for Russia. There is a strange irony to the situation. Russia, known to be one of the world’s biggest oil exports and a country among the top 10 with highest crude reserves, is being forced to import petrol. What’s even more interesting is that the…
BIRC 2026 draws 3,317 overseas buyers from 138 countries ahead of October event India’s rice exporters are set to get a wider international business platform this October, with 3,317 buyers from 138 countries registering for the Bharat International Rice Conference (BIRC) 2026.The three-day conference will be held at Bharat Mandapam in the national capital from…
Jagdishan is serving his second three-year term as the lender’s head Shares of HDFC Bank climbed nearly 3 per cent on Monday, bucking a weak broader market, after MD and CEO Sashidhar Jagdishan announced his decision to not seek reappointment when his current term ends on October 26.The stock gained 2.70 per cent to Rs…
Railway Minister Ashwini Vaishnaw has shared a plan to expand tracks on seven high density routes, introducing four lanes or four tracks. Indian Railways, commonly called the national transporter, is now working to increase its passenger and freight carrying capacity on its highest density routes that often see demand outpace supply.Railway Minister Ashwini Vaishnaw has…
Top stocks to buy today on August 31, 2026 Stock market recommendations: Glenmark Pharmaceuticals, and Ramkrishna Forgings are the top stocks to buy recommended by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities on August 31, 2026. Technical outlook for Nifty and Bank Nifty have also been shared by the analyst. Let’s take…
Jagdishan’s exit removes leadership uncertainty at HDFC Bank, giving board clear runway for transition and global growth plan. MUMBAI: Sashidhar Jagdishan’s decision to step down as HDFC Bank’s MD & CEO is set to remove a layer of uncertainty around the leadership of the country’s second-largest bank, giving the board and the incoming chief executive…
Nippon Life India Asset Management Company MD & CEO Sandeep Sikka Nippon Life India Asset Management Company MD & CEO Sundeep Sikka, who was re-elected AMFI president, was part of a 200-member business delegation that accompanied commerce & industry minister Piyush Goyal to Japan last week. In an interview, Sikka argues that there will be…
