A ₹2,500 UPI payment at a shop may still feel instant and free at checkout, but from 15 October 2026, the economics behind that payment could change. The new UPI MDR rule brings a 0.4% merchant discount rate on certain merchant payments above ₹2,000, while keeping everyday person-to-person transfers free.

Indian banks are working toward a common approach to project finance lending as lenders try to reduce regulatory arbitrage and operational differences across consortiums. The development is important because large infrastructure and industrial projects often involve several lenders, and different internal practices can create inconsistent risk and classification outcomes. What is changing in project finance lending? Banks are discussing common parameters for deciding when a l

Nexperia and Tata Electronics have announced a strategic partnership that will connect a major European semiconductor supplier with Tata’s expanding manufacturing platform in India. The agreement covers wafer fabrication, semiconductor assembly and testing, and longer-term technology and ecosystem collaboration.