Australia's middle-order batting struggles, particularly against spin, led to their ODI series defeat against South Africa. Despite strong starts from openers, the team consistently faltered in the middle overs, a concern acknowledged by captain Mitch Marsh as a crucial learning experience ahead of the 2027 Cricket World Cup.
India's junior men's hockey team began their AHF Junior Men's Asia Cup title defence with an overwhelming 14-0 victory against Indonesia in their opening Pool A match. Prabhdeep Singh scored five goals, while captain Anmol Ekka added four and Ajeet Yadav contributed a hat-trick, showcasing India's strong attacking prowess.
President Droupadi Murmu extended her congratulations to both the junior men's and women's hockey teams for their recent Asia Cup triumphs, highlighting their dedication and teamwork. Both teams secured their respective titles, with the women defeating China and the men beating Korea, thereby qualifying for the Junior World Cup.
India's eight core infrastructure sectors experienced a significant slowdown in production growth, reaching a seven-month low of 0.5 per cent in May, primarily driven by negative growth in coal, crude oil, and refinery products.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
Indian boxer Parveen advanced to the women's 65kg quarterfinals at the Asian Games via a walkover, while Sakshi Chaudhary (51kg) and Sumit (70kg) were eliminated. Sakshi lost her pre-quarterfinal bout to Kazakhstan's Alua Balkibekova, and Sumit conceded his pre-quarterfinal due to a knee injury.
Liverpool's early season woes persisted with a goalless draw against Fulham, while Chelsea needed a late equaliser from Joao Pedro to salvage a 2-2 draw against surprise package Hull City. Nottingham Forest secured a late win against Aston Villa, and 10-man Crystal Palace fell to Ipswich Town in a thrilling encounter.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
Joe Root became only the eighth batter to cross 23,000 international runs, joining Sachin Tendulkar, Virat Kohli and other cricket greats in an elite batting club.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
Fuel pump dealers in Madhya Pradesh plan to stop accepting UPI payments exceeding Rs 2,000 for petrol and diesel from October 16, citing concerns over the proposed Merchant Discount Rate (MDR). The Confederation of All India Traders (CAIT) has urged the government to reconsider the MDR imposition, warning it could hinder digital payment adoption and impact traders' profits.
Indian soft tennis players Aadhya Tiwari and Jay Meena were eliminated from the Asian Games mixed doubles event in the round of 16 after a 2-5 loss to the Philippines pair. They had qualified for the knockout stage by finishing second in their group with two wins.
Connor Esterhuizen's maiden ODI century and a disciplined bowling display powered South Africa to a 157-run win over Namibia, sealing the three-match series 2-0 with one game remaining.
Lionel Messi scored his 100th goal for Inter Miami as the Major League Soccer side beat Mexican club Cruz Azul 2-0 to win the Campeones Cup at Nu Stadium in Florida on Wednesday.
Indian Teqball players Declan Marshall Gonsalves and Mohamed Anas Imran Beg were eliminated from the men's doubles medal race at the Asian Games in Nagoya after losing both their group matches. Despite strong domestic and some international success, the duo could not secure a win in their debut Asian Games appearance for the sport.
India's Rudrankksh Patil, Himanshu Dhillon, and Parth Mane secured a silver medal in the men's 10m air rifle team event at the Asian Games. The young trio displayed composure, with debutant Parth Mane's performance being particularly noteworthy, contributing to India's growing medal tally in shooting.
The Indian women's hockey team secured its fourth consecutive victory at the Asian Games, defeating hosts Japan 3-1, a win that virtually guarantees them a semi-final berth.
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.
Abhishek Sharma's explosive 82-run innings led India to a seven-wicket victory over Afghanistan in the opening T20 International in New Delhi, giving them a 1-0 lead in the three-match series. Despite recent underwhelming performances, the Indian team showcased a strong collective effort, with key contributions from Jasprit Bumrah, Arshdeep Singh, and Ishan Kishan, while Afghanistan's skipper acknowledged their batting shortfall.
Indian stock market benchmark indices Sensex and Nifty recorded their second consecutive day of decline, with the Sensex dropping 555.23 points and the Nifty falling 144.05 points, primarily due to rising crude oil prices and ongoing US-Iran hostilities in West Asia.
Team Europe established a 3-1 lead over defending champions Team World on the opening day of the Laver Cup. Carlos Alcaraz and Jakub Mensik secured a crucial doubles victory, while Casper Ruud and Rafael Jodar also contributed wins for Europe. Brandon Nakashima secured Team World's only point. The competition continues with points increasing in value each day.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, driven by a moderation in crude oil prices, despite persistent selling by Foreign Institutional Investors (FIIs) and mixed global market cues.
Opposition parties, including Congress, TMC, and RJD, have strongly criticised the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000 made to merchants. They allege the move is a result of "American imperialism" and will lead to increased commodity prices, while the government maintains the charge is on merchants and not consumers, with person-to-person transactions remaining free.
The Indian government has introduced a 0.4% fee on UPI transactions above Rs 2,000 for merchants, effective October 15, sparking strong opposition from political parties and traders. Despite accusations of foreign influence and demands for a rollback, the finance ministry and top functionaries have stated there will be no reversal, citing the need for a self-sustaining digital payments ecosystem.
The Finance Ministry's expenditure department has approved a substantial Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, significantly increasing the country's investment in global chip-making ambitions and aiming to establish India as a major semiconductor hub.
Indian swimmer Rishabh Das secured the sixth position in the men's 100m backstroke final at the Asian Games, clocking 54.77 seconds. China's Xu Jiayu won gold, while other Indian participants, Utkarsh Patil, Benediction Beniston, and Akash Mani, had disappointing results in their respective events.
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The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
Indian benchmark indices, Sensex and Nifty, ended marginally lower after recovering from sharp intraday losses, driven by cooling crude oil prices and buying interest in HDFC Bank and IT sector stocks.
Defending champions India began their Asian Games campaign with a dominant 13-1 victory over Indonesia in their opening Pool A match. Striker Dilpreet Singh led the charge with four goals, supported by braces from Shilanand Lakra and Sukhjeet Singh. India's focus remains on securing the gold medal and a direct qualification for the 2028 Los Angeles Olympics.
Indian chess teams, both Open and Women's, face a significant challenge to defend their Chess Olympiad titles in Samarkand, Uzbekistan, after crucial losses and a historical 'winner's curse' where no Open section champion has successfully defended their title in the last five editions.
The Indian men's chess team defeated Italy 3-1, with Nihal Sarin and D Gukesh securing key wins. The women's team also achieved a dominant 3.5-0.5 victory against Greece, maintaining their strong position in the 46th Chess Olympiad.
The Indian men's badminton team secured a bronze medal at the Asian Games after losing 1-3 to China in the semifinals. Despite strong performances, including a win by Satwiksairaj Rankireddy and Chirag Shetty, India could not overcome their rivals, marking their first back-to-back team medals in 40 years.
Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.
Thailand's Puripol Boonson made history by winning the 200 metres gold, completing an Asian Games sprint double and matching the Asian record, while China's 18-year-old javelin sensation Yan Ziyi defeated an Olympic champion for her first gold.
Team Europe's Carlos Alcaraz saved two match points to defeat Taylor Fritz, while Team World's Alex de Minaur stunned Alexander Zverev on day two of the Laver Cup. Learner Tien also secured a win for Team World, but Team Europe ended Saturday with a 7-5 lead after additional victories by Zverev/Ruud.
The opposition has intensified its criticism of the government's decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15. Leaders like Rahul Gandhi and Jairam Ramesh allege the move is a result of US pressure, particularly from American card companies, and demand an immediate rollback, warning of increased costs for consumers.
Pakistan pacer Haris Rauf has expressed his strong desire to play Test cricket, aiming for a spot in the upcoming series against Sri Lanka, as the team grapples with significant struggles in its pace department.
Indian benchmark indices, Sensex and Nifty, experienced a significant drop in early trade, with the Sensex falling over 600 points, primarily due to crude oil prices surging past the USD 100 per barrel mark and weak global market trends. Track Sensex, Nifty on September 24.
The opposition has strongly criticised the government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants, effective October 15. They allege the move is a result of US pressure and will lead to increased commodity prices, calling it a "betrayal" of the common man. The government, however, clarifies that customers will not be charged, and the MDR applies only to merchants for larger transactions.
