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UPI transactions, which are valued at less than Rs 2,000 and are made to small merchants, the acquiring bank and other involved stakeholders will be eligible for an aggregate incentive at the rate of 0.15% per transaction value. According to the circular, “the scheme, which has an outlay of around Rs 1,500 crore for 2024-25, will have the government pay incentive to the acquiring bank (Merchant's bank) and thereafter shared among other stakeholders, namely issuer bank (Customer's Bank), Payment Service Provider Bank (facilitates onboarding of customers on UPI apps and API integrations), and App Providers (TPAPs). As per NPCI (National Payments Corporation of India), P2PM merchants, or small merchants, are those who have a projected inward UPI transaction value of less than or equal to Rs 50,000 per month.

Subscribe to enjoy similar stories. Fevicol-maker Pidilite Industries Ltd has held up relatively well amid the recent market downturn. While the benchmark Nifty50 index has dropped 3% so far in 2025, Pidilite’s stock has slipped by 6%, cushioned by the company’s ability to sustain healthy volume growth despite a challenging demand environment.

Hyundai Motor India shares will be in focus on Thursday after the company announced a price hike of up to 3% across its models from April 2025, citing rising raw material and operational costs. The price hike will vary depending on the model, the company said. This is Hyundai's second price hike since its initial public offering (IPO) in October. It raised prices by up to Rs 25,000 across models in December.

Trump last month ordered the US Commerce Department to investigate US imports of copper as a likely precursor to imposing duties. Since then, US prices have spiked and traders have scrambled to send metal to America ahead of any tariffs, in turn reducing supply in the rest of the world.

Subscribe to enjoy similar stories. Chanel went months without a creative director before announcing Matthieu Blazy as Virginie Viard’s successor. In fashion, creative directors are royalty.

Subscribe to enjoy similar stories. The much-anticipated telephone call between US President Donald Trump and Russia’s President Vladimir Putin to discuss a ceasefire in Ukraine, as well as chart out a path for a lasting peace formula, turned out to be sub-optimal and weighed down by variables antagonistic to a meaningful deal. The tentative deal reached after a marathon 150-minute call has placed energy infrastructure out of bounds, but allowed broader hostilities to continue.

Subscribe to enjoy similar stories. The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. Months ago, policymakers presumed they would spend 2025 gradually cutting rates to keep inflation heading down without a big rise in joblessness to achieve the so-called soft landing.

Subscribe to enjoy similar stories. The Murugappa Group-owned Coromandel International Ltd is betting on its acquisition of NACL Industries Ltd to strengthen its domestic formulations business, Latin American presence and create synergies to establish a foothold in contract drug manufacturing, according to managing director S. Sankarasubramanian.

Subscribe to enjoy similar stories. Thailand-based Minor International Plc, which runs Minor Hotels and brands like Anantara Hotels Resorts & Spas, Avani Hotels & Resorts, NH Hotels, and NH Collection is looking to have a strong presence in India in the next decade with a target of 50 hotels by 2035. The company's group CEO, Dillip Rajakarier who is visiting India and spoke exclusively to Mint said the company has now established its presence in India with the recent launch of its 150-room Anantara Jewel Bagh hotel in Jaipur.

Subscribe to enjoy similar stories. The Indian stock market extended its gains for a third straight session on Wednesday, 19 March, with both benchmark indices closing higher. The BSE Sensex rose 147.79 points (0.20%) to end at 75,449.05, while the NSE Nifty 50 climbed 73.30 points (0.32%) to settle at 22,907.60.

Subscribe to enjoy similar stories. Narayana Health is ramping up its oncology offerings with a new chain of cancer care centres, taking the treatment to patients and keeping them out of hospitals as the disease burden rises in India.

Subscribe to enjoy similar stories. Mumbai: Global private equity firm TPG Capital and Singapore government’s sovereign wealth fund GIC have entered the race to acquire up to 49% stake in the Indian operations of Chinese consumer durables maker Haier, four people aware of the development said. While TPG has teamed up with the Burman family, GIC is bidding along with the Goenka family of the Welspun Group, these people said.

Mother’s Blessing event in Diablo 4’s Season 7. Players can participate in the event from March 18 to 25, 2025. The event offers increased experience points (EXP) and Gold earnings. Additional rewards are available through the Tree of Whispers.

U.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are

Fitch Ratings said Wednesday. While India's economic growth forecast for FY26 is unchanged at 6.5% from the December outlook, the projection for FY27 was revised upwards by 10 basis points to 6.3%. This fiscal year, India's GDP is anticipated to grow by 6.3%, the global rating agency said. Consumer spending will pick up pace in the coming two fiscals, albeit at a slower pace, it noted. The Indian economy gained momentum in the December quarter, expanding 6.2% from a seven-quarter low of 5.6% in the quarter before, led by improved consumer spending and higher government expenditure. The ratings agency forecasts growth of 7.1% in Q4 of FY25 and 6.8% in Q1 of FY26.

Following the move, shares of major steel companies climbed up on the bourses, with state-owned SAIL ending the day 3.99% up on the BSE, while Tata Steel gained 2.52%, JSW Steel 1.35% and Jindal Steel & Power 0.25%. The proposal came following an investigation on a complaint from Indian Steel Association into the sudden surge in imports of non-alloy and alloy steel flat products.

Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing at a pace lower than 2%.

WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.

Taxpayers who haven’t filed 2021 tax returns who may be eligible for a COVID stimulus payment must file it by April 15 to claim the credit

Canada’s economy may have ended 2024 on a high note, but that could all be undone as world trade is upended by Donald Trump’s tariff war, according to a new report by the Organization for Economic Co-operation and Development (OECD).

Ottawa has put in place new rules limiting the fees banks can levy on customers who don’t have enough in their accounts to cover a cheque or other pre-authorized charges.