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News
UAE NRIs Are Flooding India With Dollars: Why GIFT City Is Powering The FCNR-B Boom – Outlook Business
3+ hour, 28+ min ago (524+ words) UAE investors are driving India’s FCNR-B deposit surge, with banks using GIFT City and high-leverage offerings to attract dollar inflows as overall deposits nearly double The UAE accounts for nearly half of FCNR-B funds mobilised through the RBI’s dedicated facility,…...
Mahindra Group Appoints Shveta Arya As Group Chief Strategy Officer – Outlook Business
6+ hour, 9+ min ago (252+ words) Published at: 10 August 2026 10:19 am Mahindra Group on Sunday announced the appointment of Shveta Arya as Group Chief Strategy Officer from September 15. She will also form part of the Senior Management of Mahindra & Mahindra Ltd. Arya moves to the Mahindra Group…...
UPI Volume Growth Slows In FY27 Amid MDR Debate – Outlook Business
6+ hour, 21+ min ago (434+ words) UPI transaction volumes rose 23.5% to 92 billion in April-July FY27, down from 33.5% growth in the year-ago period The slowdown comes as fintechs and banks argue that zero MDR has limited investment in customer and merchant acquisition The Lok Sabha's passage of the…...
Ola Electric's Auditor Flags ₹57-Cr PLI Provision Reversal; Shares Fall 5% – Outlook Business
5+ hour, 15+ min ago (649+ words) Ola Electric reported a consolidated net loss of ₹336 crore for the June quarter. Without the ₹57 crore reversal, the loss would have been ₹393 crore Ola Electric's auditor flagged the reversal of a ₹57 crore PLI-related penalty provision MHI had not formally approved…...
Inside Nikii Daas’ Birthday Bash That Brought Mumbai’s Elite Together – Outlook Business
6+ hour, 1+ min ago (208+ words) Mumbai (Maharashtra) [India], August 8: Entrepreneur and India Legends Franchise Owner Nikii Daas celebrated her birthday in spectacular fashion with an exclusive, star-studded soirée bringing together an illustrious gathering of celebrities, entrepreneurs, sports personalities, and prominent members of the city’s social…...
Jindal Stainless to identify site for Rs 40,000-cr Maharashtra project in next two quarters – Outlook Business
21+ hour, 58+ min ago (214+ words) Published at: 9 August 2026 6:29 pm Jindal Stainless is in the process of identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility in Maharashtra, the company's CEO Tarun Khulbe said. There will be clarity, maybe in another one or…...
FMCG Giants Brace For Another Price Hike: What Gets Costlier This Quarter – Outlook Business
21+ hour, 23+ min ago (600+ words) Britannia, HUL, Dabur and other FMCG giants are preparing calibrated price hikes and shrinkflation in the September quarter as crude, edible oils, sugar and other input costs remain volatile Leading fast-moving consumer goods companies are preparing for calibrated price hikes…...
Will UPI Payments Now Cost You? Govt Explains New Fee Rules – Outlook Business
22+ hour, 3+ min ago (423+ words) The government has clarified that UPI will remain free for consumers and most merchants, even as a new legal framework could allow nominal charges on select high-value merchant transactions Consumers and the vast majority of merchants will not be charged,…...
Mcap of four of top-10 most valued firms jumps Rs 1.43 lakh cr; State Bank biggest winner – Outlook Business
1+ day, 4+ hour ago (426+ words) Published at: 9 August 2026 11:34 am State Bank of India added ₹63,922 crore to its market value, the biggest gain among India's top 10 firms, taking its mcap above ₹10 lakh crore. Reliance Industries, TCS and Larsen & Toubro joined SBI in adding a combined ₹1.43 lakh…...
Milk prices set to rise by Rs 2 in Maharashtra from Aug 11 – Outlook Business
1+ day, 5+ hour ago (203+ words) Published at: 9 August 2026 10:36 am Prices of cow and buffalo milk in Maharashtra will increase by ₹2 per litre from August 11. Dairies cited a ₹10/litre increase in diesel prices, around 30% higher packaging costs and rising milk procurement prices. Prices of other dairy…...