Paytm transfers offline merchant payments to PPSL to comply with RBI norms

In another company development, One 97 Communications Ltd also approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership One 97 Communications Ltd, the parent company of Paytm, has approved the transfer of its offline merchant payments business to its wholly owned subsidiary, Paytm Payments Services Ltd…

‘Expect support from India’: US Treasury Secretary warns China on rare earth curbs

Washington is prepared to respond forcefully if Beijing does not reverse course, says Scott Bessent US Treasury Secretary Scott Bessent has warned that Washington and its allies will not allow Beijing to proceed unchecked with its new export restrictions on rare earth materials, calling it a direct challenge to the global supply chain. He described…

TCS Q2 results preview: Revenue, PAT may come softer QoQ; focus to be on H1B visa impact, deal TCV

As TCS prepares to release its Q2FY26 earnings, analysts predict a slowdown in revenue and profit growth, primarily influenced by the BFSI sector’s resilience and ongoing challenges in consumer and pharma verticals. Key focus areas include H1B visa impacts and upcoming deal pipelines.   TCS Q2 results preview: IT bellwether Tata Consultancy Services (TCS) will…

Retail inflation eases to 8-year low of 1.55% in July, lower than RBI’s comfort band

The July 2025 inflation is the lowest since June 2017 when it was at 1.46%   Retail inflation in India slipped to 1.55% in July 2025, the lowest since June 2017, and below the Reserve Bank of India’s comfort band of 2-6%, primarily led by a contraction in food prices. The Consumer Price Index (CPI),…

Eternal Q1: Blinkit overtakes Zomato’s food delivery biz in order value for the first time

Quick commerce now accounts for nearly half of Eternal’s annualised net order value (NOV), with Blinkit surpassing food delivery on key metrics. In a significant milestone for Eternal, quick commerce platform Blinkit has overtaken the company’s food delivery business (formerly Zomato) in both gross and net order value for the first time in the June…

Sensex jumps 700 pts from day’s low: Key factors behind markets snapping 8-day losing streak today

Broader indices also witnessed a similar trend wherein midcap managed to close with modest gains while smallcap closed flat. Sensex and Nifty ended their eight-day losing streak on Monday as fag-end buying helped markets recover from intraday losses, driven by value buying in blue-chip stocks. Sensex climbed 57.65 points or 0.08 percent to close at 75,996.86.…