Raphinha's hat-trick led defending champions Barcelona to a 3-1 victory over Sevilla, extending their winning streak in La Liga. Elsewhere, Lautaro Martinez secured a 2-2 draw for Inter Milan against Roma in Serie A, while Borussia Dortmund claimed the top spot in Germany. Premier League saw Arsenal lose its top position after a defeat to Brighton.
RBI Deputy Governor S C Murmu stated that the introduction of merchant discount rate (MDR) on UPI transactions is unlikely to cause a shift back to cash, despite some concerns, emphasising that MDR will help the payments ecosystem recover costs.
Indian benchmark equity indices extended their losing streak for a fourth consecutive day, with the Sensex tumbling 417 points due to rising crude oil prices and a significant sell-off in IT stocks, impacting overall investor sentiment.
Police are investigating a revenge angle in the recent murder of a gym trainer in South Delhi's Aya Nagar. The killing is suspected to be part of an ongoing feud between two families, with alleged gang involvement and a social media claim of responsibility by a foreign-based gangster.
India's shooting campaign at the Aichi-Nagoya Asian Games commenced with a strong performance, securing two silver medals in the women's 10m air rifle event. Experienced shooter Elavenil Valarivan was instrumental, winning an individual silver and contributing to a team silver alongside Sonam Uttam Maskar and debutant Vidarsa Vinod. While Elavenil narrowly missed individual gold, her performance, coupled with the team's success, provided an encouraging start for India.
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.
American tennis player Emma Navarro defeated Anna Kalinskaya 6-4, 6-2 to reach the US Open quarter-finals.
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
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.
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.
India's most-capped hockey player Manpreet Singh idolises Virat Kohli and credits his longevity to fitness, saying he has drawn inspiration from the star cricketer's fitness regime.
India's shooting campaign at the Aichi-Nagoya Asian Games commenced with a strong performance, securing two silver medals in the women's 10m air rifle event. Elavenil Valarivan was instrumental, winning an individual silver and contributing to the team silver alongside Sonam Uttam Maskar and Vidarsa Vinod. While Valarivan narrowly missed individual gold, her performance, along with the team's, provided an encouraging start for India.
Erling Haaland stunned fans by replacing his trademark flowing blonde locks with a buzz cut, sparking playful reactions from Zlatan Ibrahimovic and Pep Guardiola before Manchester City's opener.
CPI(ML) Liberation general secretary Dipankar Bhattacharya has strongly criticised the newly introduced Merchant Discount Rate (MDR) on select UPI transactions, labelling it a "UPI tax" and demanding its immediate rollback. He drew parallels with demonetisation, arguing that the new framework would negatively impact small shopkeepers, MSMEs, and ordinary citizens by increasing prices.
India-EU FTA opens a bigger European market for Indian carmakers while giving European brands greater access to India.
Organisers of the Asian Games in Nagoya are actively addressing complaints regarding athlete accommodation, including issues with bed sizes in container huts and cabin sizes on the newly docked cruise ship, Costa Serena, which will house 4,000 participants.
The RSS-affiliated Swadeshi Jagran Manch (SJM) has urged the government to reconsider imposing a merchant discount rate (MDR) on UPI transactions above Rs 2,000, arguing that the costs do not warrant such a move. This comes after the government announced a 0.4 per cent fee on merchant transfers over Rs 2,000 from October 15, while assuring that person-to-person and small payments remain free. SJM co-convener Ashwani Mahajan highlighted that banks have not demanded MDR and that UPI has reduced their transaction costs.
The marquee series against India starting late October has set the cash registers ringing at New Zealand Cricket headquarters as the parent body confirmed sale of more than 50,000 tickets since going on sale just over two weeks ago.
PAYD suits infrequent drivers who can estimate annual mileage.
A report by Scholars at Risk, 'Free to Think 2026', states that academic freedom in India is "severely restricted" due to increasing government influence over higher education, university governance, and curbs on student expression. India is listed among six countries in this category, with its Academic Freedom Index score sharply declining. The report cites instances of faculty dismissals, event cancellations, and pressure on student protests, highlighting the alleged use of the UGC as a vehicle for state influence.
English Premier League clubs set an unprecedented spending record of US$ 4.7 billion in the summer transfer window, significantly outspending other major European leagues.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
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.
South African opener Jordan Hermann smashed an unbeaten 150 runs off just 126 balls on his One Day International (ODI) debut against Namibia, equalling the world record for the highest score by a batter on ODI debut.
Opposition MPs have voiced strong criticism against the government's new fee on UPI payments exceeding Rs 2,000 to merchants, calling it "anti-people" and expressing widespread "outrage". The issue was raised in a Parliamentary Standing Committee meeting, where concerns were also flagged regarding the methodology of GDP growth calculation and the government's stance on Virtual Digital Assets.
The Retailers Association of India (RAI) has voiced concerns that the government's new 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 could reverse the progress of digital payment adoption among small retailers. This fee, effective October 15, places the burden on merchants operating on thin margins, potentially pushing them back to cash transactions and undermining the government's formalisation agenda, especially ahead of the festive season.
Local tennis sensation Shreeniti Chowdhury secured both the girls' singles and doubles titles at the KSLTA World Tennis Junior J30 Bengaluru. The 15-year-old defeated Aahida Singh in the singles final and partnered Riddhi Shinde for the doubles win. In the boys' category, Fazal Ali Meer won the singles, while Chukka Lakshya Vardhan and Parthiv Nallagundla took the doubles title.
Left parties have strongly condemned the government's decision to impose charges on UPI payments exceeding Rs 2,000, with CPI General Secretary D Raja alleging the move was made under "US pressure" to favour foreign payment companies. Both CPI and All India Forward Bloc demand the withdrawal of this "anti-people decision," arguing it burdens consumers and merchants while undermining UPI's role as a public digital infrastructure. They highlight concerns that the charges weaken India's digital sovereignty and serve commercial interests of foreign corporations like Visa and Mastercard.
Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.
The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.
Market experts have largely supported Sebi's proposed changes to the expiry-day trading framework, including delinking derivatives settlement prices from cash-market closing prices and discontinuing live indicative index values during the Closing Auction Session (CAS), believing these will address volatility and manipulation.
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.
India concluded its campaign at the World Archery Para Series Stage III with an impressive tally of 15 medals, including four gold, three silver, and eight bronze, finishing second in the overall medal standings. The event served as a crucial preparatory test for the upcoming Aichi-Nagoya 2026 Asian Para Games.
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.
The Congress party has accused the Indian government of imposing new charges on UPI transactions due to pressure from the United States, specifically to benefit American card companies. The opposition party demanded the withdrawal of the decision, calling it "anti-national" and alleging it fills the coffers of US firms while burdening Indian citizens. The government, however, clarified that the Merchant Discount Rate (MDR) charges apply only to commercial transactions above Rs 2,000 and are not levied on consumers, a stance supported by the BJP which accused Congress of spreading "fake news".
Dewald "AB Baby" Brevis equalled JP Duminy's 71 sixes in just 35 T20Is, starred with 226 series runs, won Player of the Series, and helped South Africa clinch the title.
Nasscom said while the visa programme has been used by companies to address the skill gap in the US by bringing in foreign employees, the number of H-1B employees from Indian companies have come down substantially over the last decade.
Systematic Investment Plan (SIP) returns for smallcap and midcap mutual funds have seen a significant rebound, with average one-year SIP returns now at 19.1 per cent for smallcap funds and 13.5 per cent for midcap funds, according to Value Research data. This recovery is expected to revive momentum in the retail mutual fund industry, which had experienced a moderation in growth indicators.
Defending champions India secured their spot in the Junior Asia Cup hockey tournament semifinals with a dominant 15-0 victory over Chinese Taipei. Skipper Anmol Ikka was the star of the match, scoring an incredible six goals, all from penalty corners, as India topped Pool A.
East Zone were crowned Duleep Trophy champions after the final against South Zone ended in a draw in Chennai, with their first-innings lead proving decisive.
