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Tanay

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Banking, Fintech & Insurance 04 Oct 2026, 12:37 AM IST

New UPI Merchant Fee Could Lift Effective Cost to 47.2 bps After GST

India’s new UPI merchant discount rate framework, effective October 15, introduces a 0.4% charge on person-to-merchant transactions above Rs 2,000, with a cap of Rs 300 on payments of Rs 75,000 and above. While consumers will not be charged, the GST treatment of the fee could raise the effective cost for merchants to about 47.2 basis points, sharpening concerns across retail, mobility and other high-frequency payment sectors.

By RDU Global Wire5 min read
Banking, Fintech & Insurance03 Oct 2026, 02:56 PM IST

Cube Highways Trust Raises Rs 1,150 Crore via AAA-Rated NCDs in Refinancing Push

Cube Highways Trust has secured Rs 1,150 crore through the issuance of senior secured, AAA-rated non-convertible debentures at a coupon of 7.50% per annum, payable quarterly over five years. The transaction, backed by Axis Bank and ICICI Bank, is part of a broader Rs 4,500 crore financing programme aimed at refinancing debt and funding ongoing capital projects.

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India Sports & Cricket13 Oct 2026, 02:41 PM IST

Tripura’s Batting Falters After Brave Fight as Hyderabad Close In, Just 13 Runs Behind

Tripura’s innings unravelled after a spirited start, even as Hyderabad’s tactical decision to field two pacers and three spinners paid rich dividends on a turning pitch. The spin pair of Tanay and Aniketh tore through the visitor’s middle and lower order, while off-spinner Sarkar briefly revived Tripura with a four-wicket burst of his own.

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