MUMBAI: HDFC Bank has held back and will be reconsidering their decision to charge Unified Payments Interface based transactions, said a spokesperson of the bank on micro blogging site Twitter.

This comes in the wake of the bank getting embroiled in a major controversy two days back, when they sent a mail to its customers saying that all UPI payments will be charged from July 10.

The Monetary Policy Committee (MPC), headed by Reserve Bank of India governor Urjit Patel, has kept the repo rate (the rate at which the central bank lends to banks), unchanged at 6.25% for the fourth straight time. The reverse repo – rate at which RBI borrows – remains the same at 6%. It has reduced the statutory liquidity ratio (SLR) by 50 basis points to 20%, which is expected to boost liquidity in the system and make more 'lendable' resources available for various sectors of the economy, including infrastructure.

Congress vice president Rahul Gandhi was on Thursday detained and then arrested by police when he tried to force his way into Madhya Pradesh with surging crowds of Congress supporters shouting slogans in praise of the farmer.

Hundreds of Congress workers as well as senior leaders like Rajasthan Congress chief Sachin Pilot and Madhya Pradesh legislator Jaiwardhan Singh also courted arrest. They were being taken to a guesthouse of a cement company, a police official said.

PNB Housing Finance rallied 6% to Rs 1,559, extending its previous day’s 6% surge on the BSE, after the Reserve Bank of India (RBI) lowered risk weights assigned to home loans lent on or after June 7.

The stock is trading at its highest level since its listing on November 7, 2016. It has more than doubled against its initial public offer (IPO) price of Rs 775 per share.

Infosys, India’s second-largest information technology (IT) services firm, seems to have dropped its ambitious target of increasing its revenue to $20 billion by 2020, as its Chief Executive Officer (CEO), Vishal Sikka, struggles to grow the business faster.

The company had set itself a long-term goal of $20 billion in revenue, 30 per cent operating margin and $80,000 revenue per employee by March 2021. Sikka’s compensation of $11 million was linked to this long-term goal.

GMR group has won the bid to develop and operate a greenfield airport in Greece giving a boost to its aviation business.

GMR has partnered Greek company GEK Terna to develop the airport at Heraklion on island of Crete. This will be the group's second overseas project (GMR runs Mactan Cebu project in Philippines. Earlier it ran airports in Turkey and Maldives) and the award win comes close on heels of a revival in its airport business.

Islamic State claimed its first attack in Iran, as suicide bombers and gunmen struck at the heart of the country’s political and religious establishment on Wednesday.

Assailants entered the Parliament building in Tehran and the shrine of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini, to the south of the city.

The Indian Railways is firming up plans to join hands with Malaysia to redevelop about 20 stations in Tier-II cities across the country.

Aimed at attracting nearly Rs 1 lakh crore private investment, the station redevelopment project envisages infrastructure revamp at platforms and circulating areas.

Next time you send a message intended for your girlfriend mistakenly to someone else on WhatsApp, just chill. You may have soon a five-minute window to revoke such misdirected messages.

According to WABetaInfo, a fan site that tests new WhatsApp features early, the mobile messaging platform has moved closer towards introducing a 'Recall' feature.

Apollo Hospitals Enterprise (AHEL) is focusing on increasing its occupancy to improve growth, which declined in the financial year (FY) 2016-17. The hospital has set the target of achieving 65 per cent occupancy by the end of the current FY from the 47 per cent occupancy at present, said senior management of the company.

AHEL had posted a 40.7 per cent fall in profit at Rs 48.16 crore in the fourth quarter of the FY17 as compared to Rs 81.31 crore for the same period of the previous FY on a standalone basis.

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