GST Council likely to clarify on 18% GST on payment aggregators' gateway fees for cards transactions up to Rs 2,000

India’s GST Council is expected to clarify at its September 9 meeting on whether GST of 18 percent should be levied on digital payments of less than Rs 2,000 made through payment aggregators such as Pine Labs and Razorpay, CNBC-TV18 reported, citing sources. Payment aggregators, who see digital payments such as QR scanning, PoS machine, and net banking, are exempt from GST on transactions below Rs 2,000. A final decision will be taken by the GST Council on the recommendation of the rate fitment committee, the report added. Read here

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Mach Conferences and Events IPO to close
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Brazilian Independence Day
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This Radhakishan Damani-owned stock is up 20% in five days, here's why

Ace investor Radhakishan Damani owned stock--Mangalam Organics is going up the staircase as it was locked in its 5 percent upper circuit for the third straight session. With this upmove, the stock has climbed nearly 20 percent in the past five sessions. Read here

RuPay, Visa or MasterCard? From September 6, you'll have the power to choose your credit card network

From September 6, you will have the flexibility to select your preferred credit card network – MasterCard, RuPay, or Visa – when applying for a new credit card and on renewal. Previously, your bank determined the network for your credit card, but now you can select the one that best fits your needs and spending habits. Read here

Samsung Galaxy Book4 Edge with new 15.6-inch display, Snapdragon X Plus 8-Core SoC launched

Korean electronics giant Samsung has unveiled the Galaxy Book4 Edge 15.6-inch model, featuring the latest Snapdragon X Plus 8-core. This follows the earlier release of the Galaxy Edge4 14-inch and 16-inch models, which also come with the Snapdragon X Elite platform CPUs. This new laptop ships with select Galaxy AI features, Microsoft Copilot +, and offers Wi-Fi 7 support for enhanced connectivity. Details about price, availability, specifications, features here

From Rs 10 lakh to Rs 2.25 crore: It's raining car launches this festive season

With the festive season just around the corner, passenger vehicle makers are not only offering enticing discounts on their existing models but are also lining up launches to keep the buzz alive among prospective buyers and revive demand. From mass-market models starting at Rs 10 lakh to a high-end electric SUV priced at Rs 2.25 crore , automakers across the spectrum are rolling out cars to cater to every segment. All details here

DLAI to launch fraud repository platform for fintechs amid growing cybersecurity concerns

The Digital Lenders Association of India (DLAI) is in the advanced stages of developing a 'fraud repository' that will help its fintech members, including lenders, financial service providers, and payment firms, to access and understand various types of financial frauds within the ecosystem. Read here