The Supreme Court has refused to grant an interim stay on the imposition of Merchant Discount Rate (MDR) on UPI person-to-merchant transactions exceeding Rs 2,000, which is set to take effect from October 15. The court has agreed to examine the challenge to this new fee and has issued notices to the Centre, RBI, and NPCI, seeking their responses within four weeks. A Public Interest Litigation (PIL) argues that the levy lacks statutory safeguards, transparency, and public consultation, and could adversely affect merchants and consumers.
Zoho cofounder Sridhar Vembu dismisses exaggerated fears about AI's catastrophic potential and global development pauses. He advocates for India to adopt an independent AI strategy, fostering partnerships while avoiding entanglement in US-China tech rivalry. Vembu stresses extensive investment in foundational R&D across sectors, distinguishing it from costly frontier AI model development. He also highlights concerns about AI's impact on human judgment, skill erosion, and job disruption, particularly in software engineering, while remaining optimistic about new economic opportunities.
Two-time US Open singles champion Venus Williams has received a wildcard entry into this year's tournament, organisers said on Tuesday.
Greece secured a surprising 1-0 victory over hosts Germany in their Nations League Group A2 match, with Dimitris Kourbelis scoring the decisive goal. This defeat marks a difficult start for new German coach Juergen Klopp, who has now failed to win either of his first two matches in charge. The win puts Greece atop their group, while Germany remains on one point.
Former Rajasthan chief minister Ashok Gehlot has criticised the Centre for introducing a 0.4% charge on UPI transactions above Rs 2,000, alleging the decision was influenced by pressure from the United States and its payment companies like Visa and Mastercard. He highlighted a perceived shift in the government's stance on Merchant Discount Rate (MDR) for UPI, claiming it would ultimately burden consumers and small businesses while benefiting American firms.
Ukrainian President Volodymyr Zelenskyy addressed the UN General Assembly, accusing Russia of using citizens from over 40 countries, including India, to fight in its war against Ukraine. He urged these nations to prevent their citizens from being drawn into the conflict, highlighting that Ukraine has taken prisoners of war from these countries and that many have perished. Zelenskyy also called for limiting trade with Russia to cut off its war funding and criticised the weakening of sanctions.
Indian squash veteran Joshna Chinappa, at 40, continues to defy age, securing her sixth Asian Games medal in her record seventh appearance. She attributes her remarkable longevity to rigorous training, meditation, and a dedicated support team, while also expressing her desire for an elusive Asian Games gold and her hopes for Indian squash at the 2028 Olympics.
US states, including Delaware, New York, and New Jersey, are issuing proclamations to commemorate August 15 as 'India Day', recognising India's independence and the significant contributions of the Indian American diaspora to the American fabric.
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 Delhi court has granted default bail to six Ukrainian nationals arrested in connection with an NIA probe into a drone-warfare training camp linked to ethnic armed groups in Myanmar, after the agency failed to file a chargesheet under UAPA within the stipulated time.
India experienced a day of mixed results at the Asian Games, securing a gold medal in shooting through Suruchi Singh and Kamaljeet, and a silver in men's 10,000m with Gulveer Singh. However, a major setback occurred with the unexpected early exit of top badminton men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty. The nation also added several bronze medals in pole vault, shot put, table tennis, and assured more in squash, pushing its total medal count to 23.
India's Chief Economic Advisor V Anantha Nageswaran stated that the country's balance of payments (BoP) pressure is expected to remain a continuous challenge due to rising imports, commodity dependence, high global interest rates, and intense competition for capital.
Thank you, Dear Readers, for sharing your pictures of Lord Ganesha.
Novak Djokovic, the 24-time Grand Slam champion, has announced his return to the China Open after an 11-year absence, seeking to regain form after a surprising first-round exit at the US Open.
The White House has launched 'Trump TV', a 24/7 streaming platform featuring past speeches and administration updates, amidst an escalating dispute with major news organisations over White House press access, which President Trump defends by accusing outlets of 'fake news'.
Kartik Aaryan, Yami Gautam were honoured at the 72nd National Film Awards.
A Mumbai student activist's home was subjected to a nine-hour police search following her participation in a global kite-flying event expressing solidarity with children in Gaza.
Ranbir Kapoor's look from Sanjay Leela Bhansali's Love & War has been revealed, showcasing an intense character that hints at the film's epic romantic drama set against a war backdrop, also starring Alia Bhatt and Vicky Kaushal.
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
This week's OTT releases feature a diverse range of films and series, including Huma Qureshi's Baby Do Die Do, Aneet Padda's Hunkaar: The Roar, Parineeti Chopra's OTT debut in Shaque: Trust No One, Nayanthara's romcom Hi, and the animated Toy Story 5.
Comparing the two states is comparing an apple to an orange. I ate apples for years. Then I felt I needed some citrus, and I moved to oranges. That doesn't make the apple a lesser fruit, reflects Binu Alex.
The White House has launched a major crackdown on the 'Great Transhipment Scam', accusing India and over 40 other nations of helping Chinese exporters bypass US tariffs by misrepresenting the origin of goods. The US plans to use AI-driven monitoring and anti-transhipment clauses in future trade agreements to strengthen enforcement.
'UPI has been free since Covid, so why is the government charging us now?'
Indian benchmark stock indices, Sensex and Nifty, rebounded on Friday, driven by value buying in banking, oil & gas, and auto shares following recent sharp losses. The Sensex climbed 315.20 points to settle at 73,895.74, while the Nifty rose 77.40 points to 23,140.50.
Carlos Alcaraz returns at the US Open after a four-month wrist injury layoff, aiming to defend his title and reignite his Grand Slam campaign.
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 declines in early trade, with the ongoing US-Iran standoff cited as a major factor impacting investor sentiment and raising concerns about inflationary pressures and currency volatility for oil-importing nations like India. Track Sensex, Nifty on August 14, 2026.
US President Donald Trump has threatened the European Union with "very heavy tariffs" if he perceives their actions as hostile, specifically in response to Canada's efforts to deepen economic and strategic ties with the EU. This comes as European Commission President Ursula von der Leyen invited Canada to become the EU's first "associate member" to strengthen resilience amid global trade uncertainties and US trade policies.
I had found spending one night at 14,500 feet inside a cottage difficult to get by -- struggling to breathe in the cold, thin, mountain air. Here, our soldiers had fought a ferocious battle at much greater heights in bone-chilling weather, worse than I had encountered. 114 men were killed in action in a 16-hour epic battle against China in Rezang La, the farthest outpost along India's border with China.
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.
The Sports Authority of India (SAI) Bengaluru has introduced Japanese cuisine into its athletes' diet plan to help them adapt to food culture ahead of the upcoming Asian Games in Aichi-Nagoya, Japan. This initiative aims to prevent performance issues caused by dietary struggles, as observed in past international events, and involves a gradual introduction of dishes and strict adherence to nutritional and safety standards.
While Soundarya Shetty is currently busy making waves inside the Bigg Boss 13 Kannada house, her fashion game is already doing plenty of damage outside it.
At 17, Dipanshi is set to make her Asian Games debut in wrestling, bringing a unique life philosophy that prioritises being a good person over just athletic success. Despite lacking senior-level experience, the three-time Asian championship gold medallist is embracing the challenge with curiosity, learning from top competitors and Japanese coaching, while aiming to forge her own identity in the sport.
Alexander Zverev led Germany to an unassailable 3-1 lead over Croatia, securing their spot in the Davis Cup Final 8. Spain and Britain also qualified, with Italy automatically advancing as reigning champions. Other nations like Austria, Canada, South Korea, and the Czech Republic also progressed.
'Details of accounts such as the name, email id associated with the account, the IP address will now be shared with law enforcement agencies, which will help track down offenders faster.'
India's IT Ministry sources state the country will not slow down its Artificial Intelligence development, distinguishing its focus on people-centric applications from global concerns over frontier models. The government acknowledges AI safety risks and is tightening incident reporting norms, with IT Minister Ashwini Vaishnaw emphasising regulation for user safety.
Indian sports pistol shooter Rahi Sarnobat discusses her challenging journey back to elite competition after battling a debilitating neuropathic pain syndrome. She shares how the illness forced her to redefine her training, mindset, and priorities, leading to a "second life" in the sport as she prepares for her fourth Asian Games.
Mairaj Ahmad Khan, a 50-year-old Indian skeet shooter, is set to compete in his fourth Asian Games, showcasing remarkable longevity. The article traces his unique journey from a promising cricketer, who even played with Virender Sehwag, to becoming a decorated shooter with Olympic appearances and World Cup medals. Despite past disappointments, Khan approaches the upcoming games with renewed spirit, embodying wisdom gained over decades in sport.
A new Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, effective October 15, could force small merchants and price-sensitive consumers to revert to cash, according to economic think tank GTRI. The move, which introduces a 0.4 per cent MDR with a Rs 300 cap and concessional rates for specific categories, is questioned by GTRI founder Ajay Srivastava, who suggests it's not a revenue issue for the government but potentially a response to US pressure regarding UPI and RuPay's preferential market position.
Mention Anant Nag to almost anyone in Karnataka and the reaction is immediate: 'Anant? Oh my God! What a fascinating man!' 'Such an intellectual. Such a great speaker. Brilliant actor.'
