Wealthier with Mayank
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Policybazar i.e. PB Fintech would be the only stock which would have hit a 52 week high and hit a 52 week low in less than 24 hours!
Stock is down 33% today wiping entire yearly gains and erasing market capitalisation of more than Rs 30,000 crores
This year Foundation and Intermediate students will celebrate Uttrayan without tension.
📌 STOCK IN FOCUS | HERO MOTORS
🚀 Shares hit the 20% upper circuit after a weak listing.
📈 NSE: ₹98.40 | BSE: ₹98.51
💰 IPO Price: ₹84
📊 Listed at ₹82 on NSE and ₹82.10 on BSE
🔎 Key Watch: Valuation, margins, customer concentration and execution.
Source: LiveMint
💳 FM Sitharaman clarifies: UPI's new MDR is NOT a tax, won't hit consumers
📊 0.4% charge applies only above ₹2,000, capped at ₹300; funds system upgrades
🗣 Slams opposition for "spreading misinformation," urges public to stay alert
NPCI ON GST ON UPI MDR
MDR applies only to P2M transactions above ₹2,000
Transactions up to ₹2,000 continue to have zero MDR
Transactions up to ₹2,000 account for more than 96% of UPI merchant transactions
GST on MDR can be adjusted against GST payable on sales
Merchants with monthly UPI receipts up to 1 lakh are not liable to pay MDR
Therefore, most UPI payments and small merchants remain unaffected
NPCI says concerns over GST on MDR creating an additional burden on merchants are misplaced
PETROL DEALERS ASSOCIATION TO RBI
Mumbai, Thane Raigad and Palghar Petrol Dealers Association oppose new UPI MDR charges
Association writes to RBI to seek complete exemption from UPI MDR charges
Association urges RBI intervention to avoid disruption to fuel retail operations
Warns of collective call to discontinue UPI payment methods across Mumbai petrol pumps from October 15
