Ev Mobility

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Banking, Fintech & Insurance 27 Oct 2026, 05:00 PM IST

IIT-Bombay Study Urges Sharp Cut in UPI MDR to 0.08%, Seeks Banks to Step Back from Fee Share

A new study by IIT-Bombay professors has called for a steep reduction in the Merchant Discount Rate on UPI transactions, arguing that the current 0.40% charge should be cut to 0.08% for third-party application providers. The report also says banks should not rely on transaction fees for UPI and should instead support the ecosystem through funds drawn from CASA deposits, alongside stronger service infrastructure to build trust in digital payments.

By RDU Global Wire5 min read

Markets, IPOs & Wealth27 Oct 2026, 05:00 PM IST

Three Mutual Fund Myths That Still Cost Investors the Most

Indian retail investors continue to fall for three persistent mutual fund myths: that a lower NAV makes a fund cheaper, that new fund offers are automatically superior, and that smaller funds always outperform larger ones. The real differentiators, advisers say, are investment philosophy, portfolio discipline and the quality of fund management.

6 min readRead →

Markets, IPOs & Wealth26 Oct 2026, 08:00 PM IST

Ather Energy Shares Jump 19% as EV Maker Posts First Quarterly Profit of Rs 1.26 Crore

Ather Energy shares surged nearly 19% after the electric two-wheeler maker reported a net profit of Rs 1.26 crore in the second quarter of FY27, a sharp turnaround from a loss of Rs 154 crore a year earlier. Revenue climbed 62.8% year-on-year to Rs 1,464 crore, while the company also approved Rs 122 crore for capacity expansion, signalling confidence in demand and manufacturing scale-up.

4 min readRead →

Banking, Fintech & Insurance26 Oct 2026, 05:00 PM IST

Astranova Mobility arm wins RBI NBFC licence, targets Rs 5,000 crore AUM in five years

Astranova Mobility’s lending subsidiary, Novafusion Capital, has received Reserve Bank of India approval to operate as a non-banking financial company, giving the group a regulated platform to expand financing for India’s electric mobility transition. The company said it aims to build assets under management of Rs 5,000 crore over the next five years, with a focus on commercial EV adoption in a market it says will require about $100 billion in capital.

5 min readRead →

Banking, Fintech & Insurance25 Oct 2026, 08:00 PM IST

Correcting the Rupee Against Fundamentals Is Ultimately Futile, Says Former RBI Governor D. Subbarao

Former Reserve Bank of India Governor D. Subbarao has argued that attempts to prop up the rupee through short-term intervention are ultimately ineffective if they do not address the deeper economic forces driving capital outflows. He said the currency should be allowed to find its level based on fundamentals, while calling for tax reforms and other structural measures to improve India’s attractiveness to foreign investors.

5 min readRead →

Markets, IPOs & Wealth25 Oct 2026, 05:00 PM IST

Three Mutual Fund Myths That Quietly Cost Investors the Most

Investors in India continue to make avoidable mutual fund mistakes that can distort returns and weaken long-term portfolio outcomes. The most persistent myths involve lower net asset value, new fund offers, and the assumption that smaller funds automatically outperform larger ones.

6 min readRead →

Markets, IPOs & Wealth25 Oct 2026, 05:00 PM IST

From SGX Nifty to GIFT Nifty: India Recasts Its Global Market Signal

India’s transition from SGX Nifty to GIFT Nifty in July 2023 marked more than a branding change; it signaled a structural shift in how the country’s equity benchmark is traded, regulated and positioned globally. The move is designed to deepen India’s financial infrastructure, align offshore derivatives activity with domestic rules and improve the country’s appeal to international investors.

6 min readRead →

Banking, Fintech & Insurance25 Oct 2026, 02:00 PM IST

IIT Bombay Flags UPI MDR Risk, Warns of Trust Erosion if Fee Plan Is Mishandled

An IIT Bombay report has warned that the proposed merchant discount rate framework for UPI could weaken public confidence if implemented in its current form. The study argues that any move to alter the economics of India’s most widely used digital payments rail must be calibrated carefully to avoid negative sentiment among users and merchants.

5 min readRead →

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