Category: Business

Business

No hard ceilings: On the revision to EPFO wage ceiling

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No hard ceilings: On the revision to EPFO wage ceiling

The Union Cabinet’s approval to raise the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organisation (EPFO) from ₹15,000 to ₹25,000, though belated, is commendable. The BJP-led government has finally responded to this long-standing demand of workers in the organised sector. Around 51 lakh additional employees may be brought under the PF fold,…

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Business

CBI registers fresh case against Reliance Capital, Anil Ambani

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CBI registers fresh case against Reliance Capital, Anil Ambani

Former Reliance Capital Limited Anil Ambani. File. | Photo Credit: Reuters The Central Bureau of Investigation (CBI) has registered a fresh case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani and others, alleging that they caused a loss of ₹2,684.57 crore to the Life Insurance Corporation of India (LIC). The first information report…

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Business

MDR apprehension unlikely to spur higher cash usage: RBI Deputy Governor

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MDR apprehension unlikely to spur higher cash usage: RBI Deputy Governor

Concerns that introducing a Merchant Discount Rate (MDR) would spur a surge in cash transactions are unlikely to materialise, RBI Deputy Governor Shirish Chandra Murmu said on Friday (September 18, 2026), adding that it was only an “initial apprehension”. From October 15, a 0.4% MDR will apply to person-to-merchant UPI payments above ₹2,000. The charge…

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NSE’s ₹22,569-crore IPO fully subscribed on Day 2

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NSE’s ₹22,569-crore IPO fully subscribed on Day 2

The NSE on Wednesday (September 16, 2026) raised ₹6,746 crore from anchor investors, including state-owned Life Insurance Corporation of India (LIC), Goldman Sachs and Fidelity. File. | Photo Credit: Reuters The ₹22,569-crore initial public offering of the National Stock Exchange of India (NSE) was fully subscribed on the second day of bidding on Friday (September…

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Business

NMDC targets Net Zero operational emissions by 2047

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NMDC targets Net Zero operational emissions by 2047

State-owned iron ore producer NMDC has identified energy efficiency, renewable energy integration, electrification of fleet, adoption of low-carbon fuels, Carbon Capture, Utilisation and Storage (CCUS) and demand-side management as the six key strategies as it eyes achieving Net Zero operational emissions by 2047. The company has set an overall target of a minimum 90% reduction…

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Business

Manipal Health repays ₹5,310 crore debt using IPO proceeds

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Manipal Health repays ₹5,310 crore debt using IPO proceeds

Manipal Hospital in Bengaluru | Photo Credit: Reuters Manipal Health Enterprises Limited has fully repaid a ₹5,310 crore debt raised through non-convertible debentures (NCDs) by its wholly owned subsidiary, Manipal Hospitals Private Limited, as part of its post-listing financial strategy. The hospital chain on Friday said it has redeemed the entire outstanding listed NCDs issued…

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Business

Who’s watching what we eat? Inside India’s food adulteration problem

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Who’s watching what we eat? Inside India’s food adulteration problem

When Bikaner-based graphic designer Laxmi Rajpurohit, 22, began noticing changes in the taste, smell and consistency of the milk her family was getting from a big, reputed brand, she suspected foul play and decided to take things in her hands. She had read about simple ways of testing milk at home to check for water,…

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Business

Rupee closes unchanged at 95.89 against U.S. dollar

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Rupee closes unchanged at 95.89 against U.S. dollar

This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee pared initial gains to close unchanged at 95.89 (provisional) against the U.S. dollar on Friday (September 18, 2026) amid a strong American currency. Positive momentum in domestic equity markets, however, supported the Indian currency, forex traders said. They also said…

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Business

Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17

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Net direct tax collection rises 13% to over ₹12.12 lakh crore till September 17

Photo used for representative purpose only. File | Photo Credit: Reuters The government’s net direct tax collection rose 13% to over ₹12.12 lakh crore till September 17 of the current fiscal on higher advance tax mop-up, according to the latest data released on Friday (September 18, 2026). Corporate tax mop-up grew 19.48% to about ₹5.56…

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