Day: August 4, 2026
India paves way for return of merchant fees on digital payments
India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been taken, the government is considering charging MDR only on large merchants or high-value transactions, potentially creating a ₹5,000-10,000 crore revenue pool for payment firms.
Small language models will drive enterprise AI as firms seek data and cost control: CEO of ExlService Holdings
Spurred by Washington’s sudden curb on Anthropic, global corporations are shifting away from general-purpose, rented AI to prevent policy changes from hampering their core business operations overnight, said Rohit Kapoor, chairman and CEO of the Nasdaq-listed analytics and digital solutions company.
Planning investments in midcap mutual funds? Check these 5 funds with upto 25% gain in 3 years
Planning investments in midcap mutual funds? Check these 5 funds with upto 25% gain in 3 years
Government tightens surveillance on GLP-1 weight-loss drug promotion amidst surrogate advertising concerns
Central government directs state regulators to enhance surveillance over GLP-1 drug promotion. Approved GLP-1 drugs are only for Type 2 diabetes and specific weight management. Advisories were issued to manufacturers and drug controllers regarding product information. Regulators must monitor supply chains and take action against diversion. Advertising platforms will be monitored for non-compliant promotions and…
‘We’ll begin restoring access tomorrow’: Anthropic says after US lifts curbs on Fable, Mythos AI models
The US Commerce Department has lifted export controls on Anthropic’s advanced AI models, Fable and Mythos, allowing their use again after being disabled since June due to national security concerns.
Bandhan Small Cap among 4 small caps that delivered over 20% CAGR since their respective inception
The top four small-cap mutual funds have delivered over 20% CAGR since their inception. Here’s a detailed look at their AUM, inception dates, and performance. (Source: MF Screener)
PVR INOX bets on tier-III India with launch of SMART Cinemas
PVR INOX is launching a new franchise model for tier-III cities. This capital-efficient format will expand organized entertainment options across India. The first SMART Cinemas property will open in Muzaffarpur, Bihar soon. PVR INOX has signed agreements for six more locations. This initiative aims to make premium cinema experiences more accessible.
Equity mutual funds gained up to 6% in last week of July. Check top 15 with over 3% gain
Equity mutual funds delivered gains up to six percent in the last week of July. Top performers included technology and transportation sector funds which saw significant returns. SBI Technology Opp Fund and Aditya Birla SL Digital India Fund led the gains. ICICI Pru Transportation and Logistics Fund also performed well during this period. Several other…