The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).
Shapoorji Pallonji Mistry's statement will be watched closely against the backdrop of the listing battle as well as the Tata leadership contest, with veto votes being cast over the reappointment of N Chandrasekaran as chairman of Tata Sons for a third term.
Salesforce CEO Marc Benioff has identified a significant opportunity for India as the company transitions its enterprise systems to an AI-first model. He emphasised India's crucial role, leveraging its extensive pool of technology professionals and partners, in this global technological transformation, which he likened to a "Y2K moment" for engineering.
The Reserve Bank of India (RBI) has endorsed the introduction of a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, which levies a 0.4 per cent fee on merchant payments above the threshold, aims to bolster the long-term sustainability and growth of India's digital payments ecosystem. The RBI clarified that person-to-person (P2P) transactions and small person-to-merchant (P2M) payments below Rs 2,000 will remain free for users, ensuring no direct charge on customers.
Despite occasional bursts of spunky comedy, the madness simply doesn't land as expected, and the overall vibe feels off with Vibe.
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.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
Union Finance Minister Nirmala Sitharaman called upon 'Gen Z' and 'Gen Alpha' to assume leadership, prioritise the nation, and contribute to its growth, rather than questioning what the country has done for them.
India's Consumer Affairs Secretary Nidhi Khare announced that cab aggregators have been ordered to cease advance tipping options, deeming the practice misleading and unfair. This follows the Central Consumer Protection Authority (CCPA) imposing a Rs 10 lakh penalty on Rapido for unfair business practices, including advance tipping and "dark patterns" that pressure users to pay more. Investigations into Uber and Ola are ongoing, with the government emphasizing that tipping should be voluntary and post-ride.
'For Indian institutions this year, global peers are outpacing in key areas such as RoI, entrepreneurship, and alumni outcomes.'
The Union Cabinet has approved a significant increase in the mandatory EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month, a move expected to bring over 51 lakh additional employees under mandatory social security coverage.
'IN-SPACe like an octopus is stretching its tentacles everywhere and choking ISRO.'
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
India's semiconductor sector has garnered USD 1.4 billion in total equity funding across 281 companies, with a substantial USD 701 million raised since 2025 alone, according to Tracxn data.
Legendary striker Cristiano Ronaldo scored his 979th professional goal, leading Al Nassr to a 2-1 victory over Abha in the Saudi Pro League. Ronaldo opened the scoring, with Abdullah Al-Hamdan adding another, securing Al Nassr's second-place position in the league table.
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.
Vaibhav Sooryavanshi gave Tilak Varma a taste of his sledging medicine, sparking a heated exchange that caught the attention of umpires and fans alike.
A tragic incident in Meerut saw a 12-year-old Class 7 student die of suspected cardiac arrest at his school, prompting police investigation into the circumstances.
India's white-collar job market experienced a 14 per cent year-on-year growth in August, with the auto, healthcare, and retail sectors leading the surge, according to a report by Naukri.com.
An Air India pilot undergoing Boeing 787 conversion training was found unconscious in his hotel room in Vasant Kunj, New Delhi, and later declared dead. Police have ruled out foul play and are conducting inquest proceedings. Air India has expressed deep sadness and is supporting the pilot's family.
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India is making a significant push to establish itself as a global semiconductor manufacturing hub, driven by strategic investments and policy support. The upcoming SEMICON India 2026 event will showcase the country's advancements and ambitions in this critical industry, which underpins virtually all modern electronic devices and has faced global supply chain vulnerabilities.
A Delhi court has convicted a couple, Hareena Ray alias Reena and Jeetu Kumar, for abandoning their premature and medically vulnerable infant in a hospital. The court rejected their defence that leaving the child in a medical facility implied an intention for treatment, ruling that their actions demonstrated a clear intent to wholly abandon the child, who later died.
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.
Their message is blunt: Public scientific wealth should not be transferred at what they describe as 'throwaway prices'.capability, recruitment, promotional avenues and the voice of its employees.
Investors opening new brokerage accounts must choose a broker suited to their style.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
Sachin Tendulkar has acquired a 3.86 acre land parcel in Lonavala, Maharashtra, for approximately Rs 70 crore, completing the purchase through three separate conveyance deeds.
A 52-year-old woman in Korba, Chhattisgarh, allegedly died by suicide after becoming upset over repeated internet connectivity issues that disrupted her mobile phone reels. The woman, identified as Manglo Bai Sarathi, consumed pesticide and succumbed during treatment. Police are investigating the incident.
The Reserve Bank of India (RBI) has rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, a decision that mandates a public markets listing for the conglomerate's holding company as it is classified as an upper-layer NBFC.
The F9 Ultra gets a choice of Black and Dark Cherry finish.
FATF Vice-President Vivek Aggarwal has urged the fintech industry to increase investments to combat emerging threats from AI, scam compounds, virtual digital assets, and quantum computing. He warned that these technological challenges pose a significant risk to India's rapid growth in the fintech sector, highlighting a current lack of adequate investment and risk realisation within the industry.
'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
'The large number of tariff lines in the 90-99 per cent band highlights how deeply embedded Chinese sourcing has become in India's electronics imports.'
Football legends Lionel Messi and Cristiano Ronaldo are set to play on the same team for the first time in Carlos Tevez's farewell match at Boca Juniors' La Bombonera in December.
Union Communications Minister Jyotiraditya Scindia announced India's ambition to lead the world in 6G mobile technology and become a designer of global technology standards. Speaking at the Global Fintech Fest 2026, Scindia highlighted India's shift from being a technology market to a technology maker, emphasizing progress in 5G rollout, affordable data, and digital infrastructure driving fintech growth, while also stressing the importance of digital security.
'Fourteen years ago, I made my debut as an actor. And now, 14 years later, I am introducing four new actors and a debutante director. I am way more nervous than they are right now. I have butterflies in my stomach.'
Used-car financing has seen significant growth, but borrowers must be aware of higher interest rates, conservative loan-to-value ratios, shorter tenures, and the risk of owing more than the car's depreciated value. Understanding these factors is crucial for making informed decisions.
A dispute has emerged over the ancestral home of 20th-century Hindu saint Baba Neem Karoli Maharaj in Akbarpur village, Uttar Pradesh. Six granddaughters have filed a complaint alleging illegal occupation by a Trust headed by their aunt, prompting the district administration to form an inquiry committee. The property, also a tourist attraction, is at the centre of a family feud following a recent incident where the granddaughters were allegedly denied lodging.
