PIL in Supreme Court challenges charges on UPI transactions over Rs 2000

A PIL in the Supreme Court challenges the Finance Ministry’s framework for charging MDR on UPI transactions over Rs 2,000. The plea argues it is unconstitutional, discriminatory, and lacks legislative authority and transparency. A public interest litigation (PIL) has been filed in the Supreme Court challenging the Union Finance Ministry’s September 14 Gazette notification and … Read more

Hero Motors Raises Rs 299.99 Crore From Anchors, Rs 1,000-Crore IPO Opens September 16

Mumbai:  has raised Rs 299.99 crore from anchor investors ahead of its Rs 1,000-crore initial public offering, signalling strong demand before the issue opens for public subscription on September 16, 2026. Anchor Book Draws Institutions  allotted 3,57,14,284 equity shares to anchor investors at Rs 84 apiece, atop its price band. Participants included ICICI Prudential Life … Read more

Sensex, Nifty Rise 0.5% In A Volatile Trade As Investors Book Profits, Crude Oil Prices Weigh On Sentiment

During the early trading hours, both the indices gave up most of their gains as profit booking emerged and investors remained cautious ahead of the US Federal Reserve’s interest rate decision. At 9:45 am, the Sensex was down 13.19 points at 73,990.63, while the Nifty traded marginally higher by 2.65 points at 23,121.25. However, at … Read more

NSE IPO: SBI, CPP Investments And Other Shareholders Set To Earn ₹16,500 Crore Windfall Gains

The upcoming initial public offering (IPO) of the National Stock Exchange (NSE) is set to generate substantial returns for its selling shareholders, including several state-owned institutions that acquired shares at significantly lower prices. According to NSE’s red herring prospectus, the 10 shareholders offering shares in the IPO could collectively receive around ₹17,035 crore at the … Read more