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.
The Supreme Court has questioned the reliability of legislative majority as the sole determinant for political party ownership, especially when disqualification proceedings are pending against the very legislators forming that majority. This query arose during arguments concerning the Shiv Sena faction dispute between Eknath Shinde and Uddhav Thackeray.
India's chances of reaching the Hockey World Cup semi-finals are slim, requiring a significant victory against Argentina and favourable results from the Netherlands-England match. The team must overcome their finishing struggles and defensive concerns to keep their hopes alive.
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
BRICS finance ministers and central bank governors have called for increased representation of emerging-market and developing economies in the IMF and World Bank, while also criticising unilateral tariffs and trade measures, as the expanded bloc aims to bolster financial cooperation amidst global fragmentation.
The Indian women's wrestling contingent achieved significant success at the U-20 World Wrestling Championship in Bratislava, securing three medals. Mansi Lather earned a silver medal in the 68kg category, while Tanvi Magdum (57kg) and Komal (59kg) each contributed with bronze medals, showcasing India's growing prowess in junior wrestling.
'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'
Prime Minister Narendra Modi welcomed BRICS leaders, including Russian President Vladimir Putin and Chinese President Xi Jinping, at the 18th BRICS summit in Bharat Mandapam. The leaders were photographed against the backdrop of Tamil Nadu's iconic Ramanathaswamy temple, a significant Hindu pilgrimage site. Modi explained the temple's importance to President Xi, highlighting its unique status as a Char Dham and Jyotirlinga shrine, and its historical and religious significance linked to Lord Ram.
Ahead of their crucial Hockey World Cup 2026 clash, the traditional India-Pakistan hockey rivalry faces an unusual question: will the teams shake hands? This comes after a similar debate in cricket. While the historical record is close, India has dominated recent encounters, winning decisively in the 2023 Asian Games and Pro League.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced several new initiatives for Tirumala Tirupati Devasthanams (TTD), including Aadhaar-based devotee insurance for Rs 2 lakh, the establishment of an SV Museum by TCS Trust, and the introduction of electric buses donated by Reliance Foundation and Bharat Biotech. The plans also include global expansion of Srivari temples, improved Annadanam, integrated hospital services, and significant infrastructure development in Tirupati to make it a services and wedding destination with a Net Zero concept.
What happens to my money if the market falls off a cliff tomorrow? Sandipan Roy, CIO, Motilal Oswal Private Wealth has the answer.
Google has chosen four Indian startups -- Terrastack, Varaha Climate, Farmers for Forests, and Climitra Carbon -- for its inaugural Google DeepMind Accelerator: AI for the Planet programme.
Kolkata's Viraj Madappa overcame a three-shot deficit with a bogey-free 64 in the final round to win the Rs 1 crore Chennai Open golf tournament. This marks his fourth professional title, earning him Rs 15 lakh and significantly improving his standing on the DP World PGTI Order of Merit. Ajeetesh Sandhu finished runner-up, while Amardeep Malik and Rashid Khan also secured top positions.
Gurucharan Singh Hora, current Joint Secretary (Interim) of the All India Tennis Association (AITA), has announced his candidature for the Secretary General post. His decision comes amidst ongoing legal challenges and governance reforms within the AITA, with fresh elections mandated by the Delhi High Court.
The Supreme Court has rejected pleas to reconstitute a high-powered committee investigating alleged police excesses against student protesters in Delhi, stating that the allegations against the panel were based on conjecture. The court emphasised the committee's role in ensuring fairness and transparency, and directed it to proceed with its inquiry into various issues including the use of pellet guns, targeted violence, and property destruction, while ensuring protection and confidentiality for vulnerable witnesses.
Iranian President Masoud Pezeshkian arrived in New Delhi for the BRICS summit, where he is scheduled to hold bilateral talks with Prime Minister Narendra Modi to enhance trade and strengthen overall relations. His visit is particularly significant given the heightened tensions in West Asia and recent US economic sanctions against Iran. Pezeshkian highlighted BRICS' role in fostering economic resilience and reducing dependence on the US dollar, while the summit itself aims to address global challenges and bolster collective resilience in critical sectors.
Ahead of President Vladimir Putin's visit to India for the BRICS summit, Russia has expressed support for New Delhi's peace initiatives to resolve the Ukraine conflict. Discussions between Putin and PM Modi will cover defence, energy, technology, and the repatriation of Indian nationals from the Russian military, alongside addressing trade and investment ties.
Axis Bank MD & CEO Amitabh Chaudhry has cautioned that the surge in FCNR(B) deposits could lead to 'abnormal lending' as banks seek to deploy excess liquidity, while also hinting at a potential interest rate hike in the near future.
Former India cricket captain Virat Kohli met Maharashtra Deputy Chief Minister Eknath Shinde in London to discuss enhancing sports infrastructure, athlete development, and the state's progress. The dialogue focused on policy improvements, upcoming sports facilities like a Sports City near Navi Mumbai, and empowering youth through sports initiatives. Kohli also shared his passion for cricket and commitment to guiding young athletes.
PAYD suits infrequent drivers who can estimate annual mileage.
Former India cricket captain Virat Kohli met Maharashtra Deputy Chief Minister Eknath Shinde in London to discuss enhancing sports infrastructure, athlete development, and state progress. The meeting focused on policy improvements for sports facilities in Maharashtra and nurturing young talent, with Kohli expressing interest in supporting such initiatives.
Wushu player Divyanshi Choudhary, dropped from the Asian Games squad due to an alleged ACL tear, has accused the national federation of physical and mental harassment, claiming she was cleared by doctors to compete and was replaced unfairly.
The central government has introduced a 0.4 per cent fee on UPI transactions exceeding Rs 2,000, prompting traders' associations to advocate for cash payments to avoid additional costs on digital payments. This move ends the zero-Merchant Discount Rate (MDR) regime, with traders expressing concerns about operating on tight margins and the potential for increased charges.
Foreign portfolio investors (FPIs) have withdrawn nearly Rs 5,109.21 crore from Indian government securities under the fully accessible route (FAR) in just three days, driven by global uncertainty, elevated crude prices, rising US Treasury yields, and a depreciating rupee.
India finished Day 2 on 460/9 after rain restricted play to just two sessions in the opening Test against Sri Lanka in Galle on Sunday.
Vaibhav Sooryavanshi gave Tilak Varma a taste of his sledging medicine, sparking a heated exchange that caught the attention of umpires and fans alike.
Indian spin bowling coach Sairaj Bahutule has suggested introducing free-hits in Test cricket to curb the increasing problem of no-balls, a concern highlighted by Indian spinners overstepping 10 times in the ongoing Test against Sri Lanka. He acknowledged the issue and the efforts being made to rectify it.
State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
Jai Jai Ram may not have the lyrical punch of A R Rahman's earlier devotional tracks, but Shreya Ghoshal and Arijit Singh's vocals give this Ramayana anthem the spiritual grandeur it needs.
The CBI has registered a case against Arunachal Pradesh environmental activist and lawyer Bhanu Tatak for allegedly receiving Rs 20.94 lakh in foreign funds without mandatory FCRA registration or prior permission. The agency claims these funds were used to organise and sustain protests against two hydropower projects in the state. A preliminary enquiry indicated Tatak received foreign contributions directly into her personal account and did not file income tax returns declaring these funds.
The FCNR (B) stratagem relies on using public money to defend the rupee. The State subsidises foreign borrowing to attract dollars. This tool requires large-scale borrowing to make a material difference against a gross external flow of $11 billion a day. A commensurately large fiscal cost falls upon the exchequer. The ministry of finance will choose how much it is willing to spend in exchange for this round number, points out Ajay Shah.
The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
On Saturday, Prime Minister Narendra Modi and Chinese President Xi Jinping met on the sidelines of the BRICS Summit in New Delhi.
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
Sonal Dinusha scored a brilliant century while the tail wagged around him as Sri Lanka earned a draw on the final day of the second Test in Colombo on Thursday but India claim the series 1-0.
Indian esports athletes are rigorously training for the Asian Games in Nagoya, aiming for medals and challenging the traditional perception of gaming as merely a leisure activity. With professional support and coaching, players are balancing academics and intense practice, hoping to elevate esports to mainstream sporting status in India.
