EP MONEY

Apple’s latest iPhones have become more expensive. Now the company is cutting component orders for its flagship models as demand falls short of expectations. A Nikkei Asia report says Apple has asked some suppliers to reduce production of components for the iPhone 18 Pro and iPhone 18 Pro Max. Orders for October have been cut […]

The start of merchant discount rates (MDR) on UPI may be pushed from October 15 to January 1, 2027. Business Standard reported this, citing sources. A final decision is expected in the coming days. The delay would keep UPI free for merchants during the festive season, which runs until Christmas. It comes amid opposition from

The Reserve Bank of India’s Monetary Policy Committee (MPC) raised the repo rate by 25 basis points to 5.50% on Wednesday. This is the first hike since February 2023. The MPC pointed to rising inflation pressures and a challenging global economic environment. The vote was unanimous after a three-day meeting on October 5-7. The MPC

Airlines flying to West Asia are facing sharply higher fuel costs, threatening to make some routes unprofitable and potentially leading to flight cancellations or higher ticket prices. The price of Aviation Turbine Fuel (ATF), which powers commercial aircraft, has surged in recent weeks as geopolitical tensions in the Middle East create supply uncertainty in global

India’s service sector, which includes information technology companies, banks, restaurants, hospitals and retail stores, just delivered its strongest performance in three months. A monthly survey of business managers released this week showed that companies providing services experienced a significant jump in new customer orders during September, lifting the sector’s Purchasing Managers Index, or PMI, to

India is becoming a destination for clean energy manufacturing, driven by three forces: government incentives, a massive home market for renewable energy, and global companies moving away from China. Solar panel makers, wind turbine manufacturers, and electric vehicle component producers are setting up factories across the country, creating jobs and reducing India’s dependence on imports.

The Reserve Bank of India and the finance ministry have asked banks to ensure adequate cash availability at ATMs from October 15, as a precautionary measure ahead of new charges on select UPI transactions taking effect, according to people aware of the matter. The instruction comes as authorities anticipate a temporary rise in cash usage

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete important branch banking transactions in advance, ahead of a proposed three-day bank strike scheduled from September 28 to 30, 2026, urging them to rely on digital and self-service channels during the period. In messages sent to customers, SBI said certain

The age at which Indians are buying their first home is falling, with Gen Z emerging as the fastest-growing segment in the home loan market, according to data from Kotak Mahindra Bank. The number of home loan borrowers aged between 25 and 30 years rose 86 per cent between FY24 and FY26, increasing from 1,234

S&P Global Ratings has raised its forecast for India’s real GDP growth in the fiscal year ending March 31, 2027, to 7 per cent from 6.6 per cent earlier, citing stronger-than-expected growth in the June quarter. The ratings agency also expects the Reserve Bank of India to raise its policy rate by 25 basis points