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.
'Nitishji as CM never supported the UCC and publicly expressed his strong reservations over UCC.'
Opener Shafali Verma's explosive 64-run innings powered the Indian women's cricket team into the final of the Women's T20 Asia Cup in Dubai. Her crucial knock on a spin-friendly pitch helped India set a competitive target of 149, which Bangladesh failed to chase, losing by 40 runs. Both captains acknowledged the dominance of spin bowling in the match.
The Supreme Court resumed hearing pleas challenging the Maharashtra Speaker's decision regarding the Eknath Shinde-led Shiv Sena MLAs and the Election Commission's recognition of the Shinde faction as the "real" Shiv Sena. Senior advocate Neeraj Kishan Kaul, representing the Shinde camp, argued that the EC has jurisdiction under Article 324 to examine a party's democratic character and organisational structure, especially when the Thackeray faction's constitution was not registered with the poll panel. He emphasised that the Shinde faction's case is based on a split within the political party, not just its legislative wing, citing cadre discontent. The hearing remains inconclusive.
Pharma major Lupin is significantly increasing its focus on biosimilars, aiming for a turnover of nearly $500 million from this segment over the next five years, driven by new product launches and expanded presence in key global markets like the US, Europe, and Japan.
The Sports Ministry has established a 20-member National Sports Election Panel, including former Chief Election Commissioners, to oversee fair elections in national sports bodies as mandated by the National Sports Governance Act. Concurrently, the deadline for applications to the National Sports Tribunal, which will handle sports disputes, has been extended.
Members of the Tibetan community in exile held a symbolic protest march in Delhi's Majnu Ka Tila ahead of Chinese President Xi Jinping's visit to India for the BRICS 2026 Summit, voicing opposition to Beijing's policies in Tibet.
Delhi Police have arrested three men from Punjab for allegedly painting pro-Khalistan and anti-BRICS slogans near the Singhu border. The arrests were made at the behest of designated terrorist Gurpatwant Singh Pannun, chief of the banned Sikhs for Justice (SFJ). One of the accused, Preetpal, previously arrested for similar activities, is suspected to be SFJ's operational head in India and is being investigated for foreign funding and links to terror operatives.
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.
India faces a critical challenge against co-hosts and reigning Olympic champions the Netherlands in their Hockey World Cup second-round opener.
The BRICS summit in New Delhi brings together leaders from major emerging economies to address global challenges like trade disputes, geopolitical upheavals, and the economic impact of conflicts in Ukraine and West Asia. India, as chair, aims to position BRICS as an economic growth engine, focusing on the Global South's food, energy, and supply chain security. The summit also highlights the grouping's expansion and its growing influence in global governance.
Indian athletes, including wushu and table tennis players, faced initial check-in difficulties upon arrival for the Asian Games in Nagoya. While some wushu players and coaches reportedly had issues with room allocation on the designated cruise ship, officials stated the problems were resolved. The Games' accommodation plan involves a mix of cruise ships, container rooms, and hotels, with some contingents already raising concerns about the quality and availability of lodging.
Veteran goalkeeper PR Sreejesh states that the Indian hockey team has overcome its past late-game vulnerabilities against Pakistan, attributing this to significant improvements in fitness, game awareness, and decision-making. He notes that matches against Pakistan are no longer as challenging as they once were, though he stresses the need for defensive discipline against stronger European teams in the upcoming World Cup.
Central Delhi has undergone a significant beautification drive, including extensive lighting, floral displays, and BRICS-themed signages, in preparation for the upcoming BRICS Leaders' Summit. The New Delhi Municipal Council (NDMC) and other civic bodies have focused on sprucing up key routes, hotels, and the summit venue, Bharat Mandapam, to welcome delegates and visitors.
The Indian junior men's hockey team is undergoing a preparatory camp in Dalian, China, playing three practice matches against the host country's junior team. This camp is crucial for fine-tuning their skills and strategy ahead of the Junior Asia Cup, scheduled from September 4 to 13 in Moqi, China.
'It's a harrowing book because in the first 100 pages, you have the first-person account of very young girl being abused. It's an important, crucial document from her point of view, but impossible to emotionally endure if one is to illustrate it on screen.'
India's High Commissioner to Sri Lanka, Santosh Jha, hosted both the Indian and Sri Lankan men's cricket teams at the India House in Colombo, emphasising cricket's role in strengthening bilateral ties ahead of their second Test match.
India pacer Harshit Rana is unlikely to be fit for the upcoming three-match series against Afghanistan due to an ongoing hamstring injury, a BCCI source confirmed.
The Unique Identification Authority of India (UIDAI) is actively working on plans to expand Aadhaar's reach globally, particularly to benefit non-resident Indians (NRIs) and overseas citizens of India (OCIs). This initiative aims to enhance interoperability, attract investment, and streamline digital identification processes, with new guidelines for merchants and products like Aadhaar Lite also in development.
India is hosting the BRICS summit, leveraging the platform to address global trade tensions and champion the developmental priorities of the Global South, including food, energy, and supply chain security. The summit, attended by leaders like President Xi Jinping and Vladimir Putin, will focus on resilience, innovation, cooperation, and sustainability, with India aiming to strengthen intra-BRICS collaboration and discuss global matters. The expanded BRICS grouping represents a significant portion of the world's population and GDP, making its discussions crucial for global economic stability.
The BCCI has opened applications for the Head of Sports Science and Medicine position at its Centre of Excellence, a role that has remained vacant since March 2025 despite previous attempts to fill it. The successful candidate will provide strategic leadership for sports science and medicine services, focusing on player welfare, injury prevention, and rehabilitation for elite Indian cricketers.
Indian listed companies experienced their fastest revenue growth in 15 quarters during Q1FY27, with combined net sales rising 18.4% year-on-year, while net profit grew 16%, primarily driven by mining, metals, and banking sectors, despite a contraction in operating margins due to higher input costs.
Indian benchmark indices Sensex and Nifty experienced significant declines in early trade, driven by soaring crude oil prices amidst escalating tensions in West Asia, coupled with weak global market trends and foreign fund outflows.
Investors opening new brokerage accounts must choose a broker suited to their style.
A POCSO court in Assam's Dhubri district has sentenced Utpal Ray to death for the rape and murder of a four-year-old girl in 2023, terming the crime "rarest of rare". The convict also received life imprisonment for rape and other sentences for related offences.
The Supreme Court has refused to quash proceedings under the Prevention of Corruption Act against former NSE MD and CEO Chitra Ramkrishna, stating that the trial court will determine whether she can be considered a 'public servant' under the Act.
India's electric two-wheeler market has seen record penetration, exceeding 11.2 per cent, driven by crude oil price fluctuations. This surge has led to an unexpected crisis for Indian OEMs, with unfulfilled customer demand reaching 20-30 per cent and average waiting periods exceeding four weeks, a situation expected to intensify during the upcoming festival season.
Prime Minister Narendra Modi congratulated the Indian women's cricket team for their Asia Cup victory against Sri Lanka, highlighting their confidence and spirit, and expressing hope that their triumph will inspire young people across the country.
India women's hockey team coach Sjoerd Marijne attributed his side's goalless draw against Australia, which led to their World Cup semi-final exit, to nerves and an inability to convert opportunities, despite calling the fifth-sixth place playoff a 'significant achievement'.
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.
Indian Olympic Association president PT Usha announced the institution of two new memorial awards: the Raja Randhir Singh Trophy for the best male athlete and the Jaspal Rana Trophy for the best female athlete at the Asian Games. These awards honour the significant contributions of the late sports administrator Raja Randhir Singh and renowned pistol coach Jaspal Rana to Indian sports. Usha also addressed accommodation concerns for Indian athletes at the upcoming Asian Games in Aichi-Nagoya, Japan.
HDFC Bank has submitted two names to the Reserve Bank of India for the managing director and chief executive position, following incumbent Sashidhar Jagdishan's decision not to seek reappointment. The bank also announced board changes, increasing whole-time directors to four and appointing Jimmy Tata as an executive director. This move comes as Jagdishan's term ends in October, creating a tight timeline for succession.
The BRICS New Delhi Declaration condemned the April 2025 terror attack in Pahalgam, Jammu and Kashmir, advocating for zero tolerance towards state-sponsored cross-border terrorism. The declaration also addressed global terror, illegal financial flows, cyber fraud, and emphasised accountability for those involved in terror activities.
A new report, the Digital Credit and Inclusion Index (DCII) 2026, reveals that Tier-2 cities are spearheading digital credit adoption in India. The study, a collaboration between Pahle India Foundation and Amazon Pay, highlights that salaried women are borrowing more than men and that digital credit is primarily used for consumption, with limited productive use.
India's UPI system continues its rapid growth, dominating retail payments. Recent amendments to the Payment and Settlement Systems Act allow for targeted Merchant Discount Rates (MDR) on high-value merchant transactions, aiming to create a self-sustaining revenue model for the ecosystem while keeping P2P and low-value payments free. This move could generate significant revenue and encourage ecosystem participation.
The Congress party has strongly criticised the Modi government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000, alleging it is a result of US pressure to benefit American card companies. The party also linked this move to broader US actions against India, including tariffs and H-1B visa issues, coining the term "Narendra's Ongoing Trump Appeasement." The government, however, clarified that consumers will not bear the charge, which applies only to merchants.
Dutch hockey legend Taeke Taekema believes the Indian women's hockey team possesses the talent to replicate China's remarkable journey to an Olympic silver medal, provided they focus on fundamental skills and secure qualification for the Los Angeles Olympics.
The Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
Ludhiana Lions' Krish Bhagat played an important Sher-E-Punjab T20 League match against Amritsar Soormas, dedicating a crucial wicket to his late grandfather, Chunni Lal Bhagat, a former Cabinet Minister. Krish shared how his grandfather's journey from Pakistan inspired him and spoke about his own early start in cricket, his family's support, and his focus on team goals in the league.
Six initial public offerings, including Rentomojo Ltd and Karamtara Engineering, were fully subscribed on their final day of bidding, with Rentomojo's IPO subscribed 72.88 times and Karamtara's 62.63 times, reflecting robust investor appetite in the primary market.
