Paytm CEO Vijay Shekhar Sharma stated that the government's new Merchant Discount Rate (MDR) on large-value UPI transactions will significantly increase the company's revenue and profitability. The 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants, effective October 15, is expected to give Paytm a competitive edge. Sharma also highlighted the company's focus on generating free cash flow, expanding internationally, and developing proprietary artificial intelligence capabilities to drive future growth.
Defending champions India, currently unbeaten in the men's hockey Pool A at the Asian Games, are set to face hosts Japan in a crucial match. Both teams have won all their games, but India holds a superior goal difference. The winner of this match will secure the top spot in the pool and a direct semifinal berth, with India's forwards showing exceptional form.
The Central Crime Branch in Chennai has uncovered evidence suggesting that granite businessman R Veeramani's alleged sexual harassment of minors may span over two decades, predating 2003. The investigation, which began with a 2019 video clip, has identified multiple survivors, leading to charges under the POCSO Act, IT Act, and SC/ST Act against Veeramani and two accomplices. The Child Welfare Committee is also monitoring the case for further action.
The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud. The case stems from a complaint by the Life Insurance Corporation of India (LIC) regarding investments in RCAP's non-convertible debentures, alleging criminal conspiracy, misrepresentation, and fraudulent diversion of funds causing significant loss to LIC.
'Everyone has a surname, and I think everyone has an equal responsibility to live up to that name.'
Industry leaders at an AIMA panel discussion emphasised the need for businesses to quickly adapt to changing market conditions and invest in technologies like artificial intelligence to build resilience and achieve long-term growth. They highlighted the current era of uncertainty driven by geopolitical tensions, supply chain disruptions, and rapid regulatory changes, stressing that tactical responses are as crucial as long-term strategy.
From lifelong traditions to four generations celebrating together, these Ganeshotsav moments capture the joy of welcoming Bappa home.
Indian swimmer Rishabh Das has qualified for the men's 100m backstroke final at the Asian Games after finishing fifth in the heats. While Das showed strong performance, other Indian swimmers faced disappointment in the 100m freestyle heats.
Rookie professional Anvvi Dahiya surged to the top of the leaderboard in the 13th Leg of the Hero Women's Professional Golf Tour after an exceptional second round. The 18-year-old Gurugram golfer carded a 5-under 67, making an 11-shot improvement from her first round. She now leads experienced players like Vani Kapoor and Ridhima Dilawari, setting up an exciting final day.
Five British nationals arrested on suspicion of terror charges related to an explosives threat near RAF Fairford have been released on police bail. The Counter Terrorism Policing (CTP) investigation is ongoing, with stringent conditions placed on the suspects. Iran has denied any involvement, while former US President Donald Trump claimed US intelligence assisted in the arrests.
Citron, a brand under Stellantis, anticipates that three-fourths of its sales in India will originate from Tier-II, Tier-III, and smaller cities within the next five years, a significant increase from its current 55 per cent, as it expands its retail network beyond major urban centres.
A college student from Hamirpur has received a Rs 3.5-crore grant from the Ministry of Defence for developing an advanced drone capable of evading enemy radar and resisting jamming, aimed at enhancing border surveillance for the Indian Army.
The Automotive Research Association of India (ARAI) has launched comprehensive conformity assessment and certification services for drone manufacturers, aiming to streamline the type approval process for Unmanned Aerial Systems (UAS) in India. This initiative supports the rapidly expanding drone sector by ensuring design, quality, and performance meet evolving safety and airworthiness standards.
Experienced golfer Shiv Kapur shot a 69 to extend his lead to 13-under at the AM Green IGPL Invitational. His performance has helped RVR Delhi Blue Bulls share the team lead with Auro Goa Eagles at 17-under. Varun Chopra of Auro Goa is in second place individually, three shots behind Kapur.
Indian golfer Shiv Kapur, leveraging his UAE residence, shot a flawless 10-under 62, including a hole-in-one, to lead the opening event of the AM Green IGPL Invitational 2026. He holds a four-shot lead over a competitive field.
India continued its strong performance at the Asian Games, securing more medals across various disciplines. Shooter Esha Singh won a hard-fought silver in the women's 25m pistol, while Gulveer Singh added another silver in the men's 1500m. Other notable achievements include Kurash player Picky Balhara's bronze, Vithya Ramraj breaking a national record for bronze in hurdles, and several boxers, the men's cricket team, and squash teams advancing. However, some defending champions faced early exits.
A medical representative has been arrested in Thane for allegedly sexually assaulting a minor girl for over a year. The accused reportedly threatened the victim's family and offered money to silence them before being apprehended after a social activist's intervention.
The number of Indians travelling abroad for education fell from 908,364 in 2023 to 770,127 in 2024 and 626,606 in 2025.
India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth.
Hanuman Ansh continues its phenomenal run at the box office, cementing its status as an all-time mega blockbuster, even as new releases Daayra and Vibe struggle.
Zepto is sharply scaling back Zepto Cafe, closing hundreds of outlets and shrinking its menu as it reworks the business.
KPMG in India CEO Yezdi Nagporewalla expressed concern over the high valuations of global AI companies, deeming them unsustainable. He believes India, despite a late start, has a strong chance to develop its own unique Local Language Models due to its robust tech ecosystem and global capability centres.
India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
Union Finance Minister Nirmala Sitharaman has urged significant investment in AI infrastructure, semiconductors, and quantum technology, identifying them as India's next major growth frontiers. Speaking at an IIT Madras Alumni Association event, she emphasized the need to build hardware, skills, and institutional ecosystems to harness these technologies, countering perceptions that India is lagging in AI. Sitharaman also highlighted the potential for increased investment in defence production, particularly in unmanned systems and drones, stressing collaboration between academia and industry.
India is strategically positioned to develop a robust domestic semiconductor ecosystem, driven by increasing electronics consumption, strong government support through incentives, and a global shift in supply chains. Boston Consulting Group Managing Director Ankush Wadhera highlights India's potential as a safe haven for investments, with the AI boom further fuelling demand for advanced chips. The nation aims to expand its capabilities across the entire semiconductor value chain, attracting significant global and domestic investments.
Finance Minister Nirmala Sitharaman has strongly refuted Opposition allegations that the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on specific UPI transactions above Rs 2,000 was influenced by external pressure. She clarified that the decision was a professional one made by the payment ecosystem, not a government imposition or a tax on consumers, with collected funds distributed among banks and UPI entities to ensure a sustainable digital payments framework.
Commonwealth Games gold medallist and Arjuna Awardee Roopa Unnikrishnan gives away the rifles that shaped her brilliant shooting career, hoping they will inspire a new generation of Indian shooters.
Thailand women's team batter Natthakan Chantham is attempting to incorporate Suryakumar Yadav's unique 'Supla shot' into her T20 game, despite initial difficulties, and also admires India's Shubman Gill for his effortless batting.
Defending champions Indian men's and women's kabaddi teams have made strong starts to their Asian Games campaign, securing decisive victories over Japan and Bangladesh in their respective opening matches. The men's team defeated hosts Japan 49-24, while the women's team overcame Bangladesh 42-21.
A speeding BMW crashed on the Mumbai Coastal Road early Sunday morning, resulting in the deaths of three occupants and critically injuring a fourth. The driver lost control near Lotus Jetty. Police have launched an inquiry into the tragic incident.
A 70-year-old woman was allegedly sexually assaulted in Arunachal Pradesh's Lower Dibang Valley district. The accused, Kangge Pertin, has been arrested and remanded to judicial custody. The incident has drawn condemnation from the Arunachal Pradesh Women's Welfare Society.
A minor argument over a matchbox in northwest Delhi escalated into a fatal stabbing incident, leaving one man dead and another injured. Police have apprehended three individuals, including the main accused who allegedly used a knife, following the Tuesday night incident in Keshav Puram.
India secured a silver medal in the mixed 4x400m relay and a historic bronze in the women's 10,000m at the Asian Games. The relay team successfully defended their previous medal, while Seema Kumari's bronze marks India's first medal in the event in 16 years, highlighting strong performances in athletics.
India's eway bill generation reached 139.08 million in August, marking the third-highest monthly count on record and indicating sustained momentum in goods movement and formal economic activity, according to official data.
The CPI(M) has strongly criticised the UDF government in Keralam for ordering a police inquiry into an alleged bribery case involving former Chief Minister Pinarayi Vijayan, his daughter, and son-in-law, based on an Enforcement Directorate report. The party alleges political targeting and a nexus between the UDF and the BJP-led Centre.
The Kerala High Court has affirmed the conviction and life imprisonment of a former state government employee found guilty of raping a 14-year-old schoolgirl over 45 days in 2009. The court dismissed the accused's appeal, stating the victim's testimony was "sterling quality" and corroborated by medical evidence, rejecting claims of false implication.
The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud involving investments made by the Life Insurance Corporation of India (LIC). Anil Ambani has denied any wrongdoing. The LIC alleges criminal conspiracy, misrepresentation, and fraudulent diversion of funds.
India's women's hockey team secured a resounding 20-1 victory over Thailand at the Asian Games, with drag-flicker Deepika Sehrawat setting a new record by scoring nine goals in a single match. This marked India's third consecutive win in Pool B, maintaining their top position ahead of their upcoming match against hosts Japan.
Microsoft has officially launched its fourth cloud region in India, located in Hyderabad, as part of its USD 20.5 billion investment in the country's digital and AI infrastructure. This new facility, which became available on August 6, features zero-water cooling technology and aims to enhance capacity and resilience for organisations in India and Asia, supporting the nation's rapid digital growth and projected increase in data centre capacity.
NPCI chief Dilip Asbe stated that only about 10 per cent of the total value of UPI transactions might see charges passed to consumers under the merchant discount rate (MDR). He clarified that large corporates are expected to absorb most costs, and a significant portion of transactions will remain charge-free. A new fund from MDR collection is also proposed to boost UPI acceptance among small merchants.
