Business

33 articles published
What the Fed's Rate Hike Means for Credit Cards, Car Loans and Mortgages 35
What the Fed's Rate Hike Means for Credit Cards, Car Loans and Mortgages

The quarter-point increase raises borrowing costs across consumer credit products almost immediately

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Sumit Kumar
Sep 17
Fed Raises Interest Rates to 3.75%-4%, First Hike Since 2023, and Signals Another May Follow 36
Fed Raises Interest Rates to 3.75%-4%, First Hike Since 2023, and Signals Another May Follow

The FOMC voted 12-0 for a quarter-point increase, citing elevated inflation driven partly by spiralling …

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Sumit Kumar
Sep 17
Udaan Acquires Swiggy's LYNK Logistics for Rs 500 Crore Ahead of Planned IPO 40
Udaan Acquires Swiggy's LYNK Logistics for Rs 500 Crore Ahead of Planned IPO

The share-swap deal gives Swiggy a 3.2 percent stake in Udaan as the B2B platform …

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Sumit Kumar
Sep 17
India's Lithium Battery Sector Could Create Up to 2 Million Jobs by 2030, Adecco Says 37
India's Lithium Battery Sector Could Create Up to 2 Million Jobs by 2030, Adecco Says

The industry is shifting from cell assembly to full cell-to-recycling manufacturing, driving demand for specialised …

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Sumit Kumar
Sep 17
India's Unemployment Rate Eases to 5% in August as Rural Joblessness Hits Eight-Month Low 29
India's Unemployment Rate Eases to 5% in August as Rural Joblessness Hits Eight-Month Low

PLFS data shows rural unemployment falling to 4.1% and female labour force participation continuing to …

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Sumit Kumar
Sep 16
Walmart to Roll Out Tap-to-Pay at US Checkouts, Ending a Long Holdout 29
Walmart to Roll Out Tap-to-Pay at US Checkouts, Ending a Long Holdout

The retailer will finally accept contactless cards, smartphones and smartwatches at its registers

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Sumit Kumar
Sep 16
NPCI Sets 0.4% MDR on UPI Merchant Payments Above Rs 2,000 From October 15 40
NPCI Sets 0.4% MDR on UPI Merchant Payments Above Rs 2,000 From October 15

The first UPI charge since 2020 applies only to merchants, with consumers and P2P transfers …

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Sumit Kumar
Sep 16
Delhi Metro's Lajpat Nagar-Saket G Block Corridor: 8 New Stations and India's First 3-Coach Trains 39
Delhi Metro's Lajpat Nagar-Saket G Block Corridor: 8 New Stations and India's First 3-Coach Trains

The 8-km Phase IV line is designed around shorter trains and higher frequency for short-distance …

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Sumit Kumar
Sep 16
India Faces Fresh 100% Tariff Threat as US House Debates Russia Sanctions Bill Amendments 35
India Faces Fresh 100% Tariff Threat as US House Debates Russia Sanctions Bill Amendments

Competing amendments could either name India explicitly as a target or strip the tariff authority …

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Sumit Kumar
Sep 15
Air India Gets Show-Cause Notice After Italian Passengers Skip Immigration at Delhi Airport 37
Air India Gets Show-Cause Notice After Italian Passengers Skip Immigration at Delhi Airport

Three passengers boarded a Munich-bound Lufthansa flight without completing mandatory departure clearance

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Sumit Kumar
Sep 15
UPI Payments Up to Rs 2,000 Stay Free, But Government Leaves MDR on Bigger Payments Undecided 48
UPI Payments Up to Rs 2,000 Stay Free, But Government Leaves MDR on Bigger Payments Undecided

A September 14 gazette notification protects small transactions while leaving high-value merchant charges an open …

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Sumit Kumar
Sep 15
SoftBank Secures Upsized $11.87 Billion Loan for OpenAI Bet as Shares Plunge 13% 48
SoftBank Secures Upsized $11.87 Billion Loan for OpenAI Bet as Shares Plunge 13%

The two-year facility exceeded a $10 billion target even as investors grew nervous about the …

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Sumit Kumar
Sep 15