business

Luxury Brands Close Stores in China as Weak Consumer Demand Hits Market: Report

International luxury brands are reportedly closing stores in China as weaker consumer demand, property market stress and economic uncertainty weigh on luxury spending.

8th Pay Commission Begins 3-Day Chandigarh Visit to Discuss Salary, Pension Revision

Tax Commentary Must Reach Policy Processes, Public at Large: FM Sitharaman

India, US Reaffirm Energy Security Partnership, Focus on Clean Energy and AI Infrastructure

PM Vishwakarma Scheme Reaches 30 Lakh Beneficiary Registration Target

The PM Vishwakarma scheme has achieved its target of registering 30 lakh beneficiaries within three years of its launch. More than 24.37 lakh artisans have received basic skill training, while over 18.16 lakh have received toolkits and 6.19 lakh loans worth around Rs 5,316 crore have been sanctioned.

UPI MDR ‘Inevitable’ Amid Digital Payment Surge, Says Zerodha’s Nithin Kamath

Zerodha CEO Nithin Kamath has described the introduction of Merchant Discount Rate (MDR) on select UPI payments as “probably inevitable” as digital payments expand, while flagging concerns over its impact on stockbrokers. The new framework is set to take effect from October 15, with capital-market UPI transactions attracting a lower MDR of 0.02%, capped at Rs 300

New Zealand-India FTA Opens Door to 1.4 Billion Consumers: PM Christopher Luxon

New Zealand Prime Minister Christopher Luxon has welcomed Parliament's approval of legislation to implement the India-New Zealand Free Trade Agreement. The pact will provide duty-free access for 57% of New Zealand exports from day one, while tariffs on 95% of exports will be eliminated or significantly reduced once fully implemented.

Gold, Silver Prices Surge Up to 1% Ahead of US Fed Policy Decision

Gold and silver prices surged up to 1% on the MCX on Wednesday ahead of the US Federal Reserve's policy decision. Gold futures rose to Rs 1,52,100, while silver climbed to Rs 2,35,988 amid softer crude oil prices, lower US bond yields and ongoing geopolitical tensions.

CCPA fines Rapido Rs 10 lakh over misleading prompts, dark patterns in ride bookings

The CCPA has fined Rapido operator Roppen Transportation Services Rs 10 lakh for misleading advertisements, unfair trade practices and dark patterns that prompted riders to pay more for rides.

Varuna Elevated Corridor to halve travel time, ease traffic congestion in Varanasi

The Varuna Elevated Corridor in Varanasi is expected to reduce travel time, ease urban congestion and improve connectivity to the airport, railway stations, highways, religious sites and logistics hubs.