Paytm rolls back 2% levy on credit card recharge

 In a u-turn to Thursday’s decision, e-wallet company Paytm rolled back its 2 percent charge on credit card transactions used for recharging the wallet. Paytm rolls back 2% levy on credit card recharge In a u-turn on Thursday’s decision, e-wallet company Paytm rolled back its 2 percent charge on credit card transactions used for recharging the wallet. The company said it has been done for customers’ convenience. It said: “Keeping the millions of customers and merchants interest as utmost priority, we have decided to suspend the 2 percent fees and will continue to build a series of features to curb such misuse.

India Home up 6% on MOU with Surat Urban Development Authority 

 "India Home Loan has entered into memorandum of understanding (MOU) with Surat Urban Development Authority (SUDA) for facilitating housing loans to borrowers in Surat," the company said in its filing. Shares of India Home Loan gained nearly 6 percent intraday Friday after signing agreement with SUDA for providing housing loans. "India Home Loan has entered into memorandum of understanding (MOU) with Surat Urban Development Authority (SUDA) for facilitating housing loans to borrowers in Surat," the company said in its filing.

Pollsters predict a clear BJP win in UP, AAP-Cong faceoff in Punjab

 Pollsters have fairly written off the possibility of other political parties coming to power in Uttar Pradesh. But remember exit polls predictions come with a warning — they may be proven wrong. Final results will be declared on Saturday after all the votes are counted.After a high-intensity election battle for over two months, an aggregate of exit polls released on Thursday have predicted the BJP cruising through in Uttar Pradesh. While Aam Aadmi Party (AAP) is in pole position in Punjab, it has a wafer-thin lead over the Congress. BJP is seen snatching the rule from the Congress in Uttarakhand. In Goa, BJP is likely to come up trumps with debutant AAP trailing behind. The Congress is marginally ahead in Manipur and may win the state election for third time in a row. The pollsters have fairly written off the possibility of other political parties coming to power in Uttar Pradesh. But remember exit polls predictions come with a warning — they may be proven wrong. Final results will be declared on Saturday after all the votes are counted. Uttar Pradesh The Network18-Gramener exit poll predicts BJP to cross the finish line in Uttar Pradesh with 193 seats. While VMR predicts BJP to win 200 seats in Uttar Pradesh, MRC predicts it to win 185 seats. Axis exit poll puts BJP in the victory lap with around 251-279 seats. The BJP will win 161 seats, according to C-Voter exit poll. CSDS is the only pollster that says there can be a neck-and-neck finish between the BJP and SP-Congress combine with 164-176 seats and 156-169 seats, respectively. 

India, Egypt should find ways to enhance trade ties'

 India-Egypt trade and investment made a significant headway in the last few years, despite the weakening of the global economy and declining trade. The bilateral trade grew 60 per cent over the last five years touching almost USD 5 billion. India, Egypt should find ways to enhance trade ties India has invited Egyptian businesses to invest in the country saying the two sides enjoying very strong political and cultural ties should now work out ways to enhance two-way investments and trade. "India and Egypt have been very strong and old partners in politics and culture. Today it is the world of economics and so I believe that it is very necessary for us to work more closely in the economic field to increase investments in both ways," said India's Ambassador to Egypt Sanjay Bhattacharyya on the sidelines of an economic seminar entitled "Make in India" organised here yesterday as part of the two-week cultural festival "India by the Nile". The seminar construes the flagship programme 'Make in India' which aims to transform India into a global design and manufacturing hub of innovative, low cost, eco friendly and zero defect products and to develop synergies with Egyptian industry. "Today we receive the largest amount of investments anywhere in the world and that's because of the systems that had been created," he added.