PhonePe founder and Chief Executive Officer Sameer Nigam has strongly advocated for the introduction of a merchant discount rate on select Unified Payments Interface transactions, emphasizing that India’s digital payments ecosystem requires a sustainable revenue model to support ongoing investment, innovation, and expansion. Speaking at the Business Standard BFSI Insight Summit in Mumbai, Nigam highlighted…
Indian IT services giant Infosys has lowered its full-year revenue growth guidance for FY27 to 1–2 percent in constant currency terms, down from its Q1 projection of 1.5–3 percent, citing persistent pricing pressures, intense competition, and muted discretionary spending across key industry verticals like retail and hi-tech. The guidance revision comes despite a solid financial…
The Indian government’s strategic disinvestment program has regained strong momentum following the Cabinet Committee on Economic Affairs’ (CCEA) landmark approval of a 30.48 per cent stake sale in IDBI Bank to Canada-based Fairfax Financial Holdings. Upon its final completion, this landmark transaction will record the largest Foreign Direct Investment (FDI) inflow into India’s banking and…
A total of seventy-five Border Security Force personnel alongside three civilians were urgently admitted to a government-run medical facility in Manipur on Thursday following a sudden and severe outbreak of suspected food poisoning. The affected individuals began experiencing acute symptoms including persistent vomiting and severe nausea shortly after consuming breakfast, prompting immediate transfer to the…
Normal life across Manipur was severely disrupted on Thursday, October 15, as a 12-hour shutdown called by the Coordination Committee, an umbrella organisation representing several banned insurgent groups observing the day as “National Black Day,” forced shops, commercial markets, private businesses, and educational institutions to remain completely closed while public transport stayed largely off the…
Border Security Force (BSF) Director General Praveen Kumar convened a high-level security meeting with Manipur Chief Minister Yumnam Khemchand Singh at the Secretariat in Babupara to review the state’s deteriorating law and order situation following a deadly surge in ethnic violence. Accompanied by BSF Eastern Command Additional Director General Sumit Sharan and Mizoram and Cachar…
The Manipur Information Commission recently concluded its RTI Week Celebration 2026 with a closing function held at the auditorium of the Directorate of Information and Public Relations in Imphal, sponsored by the Department of Personnel and Training under India’s Ministry of Personnel, Public Grievances and Pensions. Presided over by State Chief Information Commissioner Koijam Radhashyam…
Manipur Chief Minister Yumnam Khemchand Singh met with Union Road Transport and Highways Minister Nitin Gadkari at his official residence in New Delhi to advocate for the urgent acceleration of infrastructure development across the northeastern state, specifically requesting the expedited completion of upgrades on National Highway-37 connecting Imphal to Silchar and National Highway-2 linking Imphal…
The Goods and Services Tax Council, during its 57th meeting on Thursday, approved sweeping and long-awaited reforms to input tax credit rules, significantly widening the range of corporate expenses eligible for credit while easing refund mechanisms for industrial and commercial enterprises. Under the newly endorsed guidelines, businesses can now claim input tax credit on employee…
HDFC Bank, India’s largest private sector lender, mobilised more than ₹1.5 trillion in deposits during the July-September quarter of FY27, reflecting continued growth in its funding base. According to the bank’s quarterly business update, period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent year-on-year to ₹33.27 trillion as of September 30, 2026….
