The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.
Axis Bank has opened 50 new branches across India, while Abakkus Mutual Fund has surpassed Rs 10,000 crore in AUM. YES Bank launched a new credit card for women, and J&K Bank partnered with HDFC Life to enhance its insurance offerings, showcasing significant growth and strategic developments in the Indian financial sector.
Domestic passenger vehicle dispatches in India surged by 34.3 per cent year-on-year to 4,57,810 units in July, marking the auto industry's strongest-ever July sales, according to the Society of Indian Automobile Manufacturers (SIAM).
Hollywood actor Brad Pitt believes artificial intelligence could be a boon for mid-budget filmmaking by making visual effects more accessible. However, he expresses caution regarding AI's use in replicating actors' performances and raises concerns about body scanning and digital likeness ownership. Pitt also shared his thoughts on AI-generated music and his upcoming film projects.
The Centre has notified 40 questions for the upcoming Census 2027, including caste and place of Covid vaccination, marking the first time caste details will be collected as part of the decadal exercise. The population enumeration will be a fully digital process, with an option for self-enumeration.
Government departments are establishing Quick Response Teams (QRTs) to promptly address and counter misleading or fake content circulating on social media. These teams will monitor digital platforms, verify information, and coordinate with fact-checking units to ensure timely and accurate responses to misinformation, with some ministries already having formed their QRTs.
With passenger vehicles (PVs), two-wheelers and three-wheelers registering double-digit growth, manufacturers raise production as the industry enters the festival season.
Natarajan Chandrasekaran, credited with stabilising Tata Sons after a boardroom coup and overseeing significant expansion, has announced his resignation as chairman, capping a nearly decade-long tenure marked by both successes and escalating tensions with the group's controlling charitable trusts.
Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.
Infosys has confirmed that Lax Gopisetty, chief of its subsidiary Infosys Public Services, is unreachable following devastating floods in Nepal. Gopisetty was visiting the region personally, and Infosys is working with agencies and his family to ensure his safety. The Ministry of External Affairs also reported hundreds of Indians missing or stranded due to the floods, with India offering assistance to Nepal.
Former Rajya Sabha member Saket Gokhale has alleged that the Election Commission refused to disclose details of Chief Election Commissioner Gyanesh Kumar's official visits and the expenditure incurred from public funds, citing 'personal information' under the Right to Information Act.
A NITI Aayog report indicates that India's digital public infrastructure (DPI) initiatives are projected to contribute significantly to the nation's GDP, potentially reaching 4 per cent by 2030.
Nripendra Misra, chairman of the Ram temple construction committee, has dismissed a viral unsigned letter attributed to former trust general secretary Champat Rai as "fabricated." The letter purportedly details Misra's significant role and influence in the temple's construction and management, including agency selection and committee decisions, but its authenticity remains unverified.
Vice President CP Radhakrishnan launched Gnani Artha, an end-to-end sovereign AI stack for Indian enterprises and public institutions. He emphasised that new technologies, including AI, will enhance ease of work and create more jobs, drawing parallels with the IT industry's growth. The initiative, backed by the India AI Mission, aims for self-reliance and includes the Gnani Evon v3.3 language model and Gnani Plexus AI platform, offering cost-effective Indic language capabilities.
Vice President CP Radhakrishnan launched Gnani Artha, an end-to-end sovereign AI stack for Indian enterprises and public institutions. He emphasised that new technologies, including AI, will enhance ease of work and create more jobs, drawing parallels with the IT industry's growth. The initiative, backed by the India AI Mission, aims for self-reliance and includes the Gnani Evon v3.3 language model and Gnani Plexus AI platform, offering cost-effective Indic language capabilities.
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.
A NITI Aayog report indicates that India's digital public infrastructure (DPI) initiatives could contribute 4 per cent of the GDP by 2030, a significant increase from the current 1 per cent.
Sri Lanka's remarkable lower-order resistance helped deny India a series sweep, with the tailenders facing more deliveries than the team's openers across the series.
Vedanta Ltd's aluminium plant in Jharsuguda, Odisha, is under regulatory scrutiny by the state's Water Resources department regarding its water sources and drawal history. This follows a complaint alleging unauthorised groundwater extraction and previous financial demands for illegal water use, with the National Green Tribunal also seeking responses on environmental concerns.
A top SBI official has highlighted the challenges bankers face in lending to MSMEs using only GST data, advocating for the integration of alternative data sources like power consumption and telecom records through credit bureaus to improve credit assessment.
The last major business daily to launch in India was Financial Chronicle in April 2008, preceded by Mint on February 1, 2007.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
'Applying AI to change the lives of Indians and at population scale -- just like we did with DPI [digital public infrastructure] -- is really where it's going to go.'
The Supreme Court has directed the Reserve Bank of India to prepare a standard operating procedure (SOP) within four weeks to deal with bank accounts linked to cyber frauds, including mule accounts. This directive is part of a broader effort to strengthen responses to cyber-enabled financial frauds, with the court also urging states and UTs to adopt and operationalise grievance redressal and money restoration modules.
India has highlighted 13 key outcomes from the recent Shanghai Cooperation Organisation (SCO) summit, focusing on enhanced cooperation in security, counter-terrorism, and addressing transnational threats. These outcomes include the establishment of a Universal Centre for Countering Challenges and Threats to Security, a strong stance against state-sponsored terrorism, and agreements on narcotics control, climate change, and artificial intelligence, reinforcing India's engagement in the Eurasian region.
'Hanuman Ansh has demonstrated that content is king, and the audience is the ultimate judge.'
Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations.
The BJP has strongly objected to alleged derogatory remarks made by Congress leader Pawan Khera against Union Home Minister Amit Shah. A BJP delegation in Shimla submitted a written complaint to the police, demanding the registration of an FIR against Khera for using objectionable language, which they claim crosses the limits of political decency.
Google has added a new foldable to its premium Pixel line-up. The handset combines an expansive 8-inch Super Actua Flex display with a 120Hz refresh rate, Tensor G6 processing, a triple rear camera system.
Microsoft has announced the activation of its latest data centre in Hyderabad, significantly expanding its Cloud infrastructure in India and enabling organisations to leverage AI-era services with enhanced local choice and security.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
The Delhi High Court has issued a significant ruling on personality rights, cautioning against their broad application to suppress caricature or parody. The court granted interim protection to Physics Wallah founder Alakh Pandey against impersonation and commercial exploitation, specifically for sexually vulgar content and unlicensed monetisation, while emphasising that these rights should not stifle legitimate expression or information dissemination.
'I have a vested interest -- to serve the people of Maharashtra and ensure safe food. That is my vested interest, if at all there is one.'
A stolen mobile phone belonging to an 88-year-old man has helped the Delhi police unearth an interstate cyber-fraud syndicate allegedly operating through a three-stage network spread across Rajasthan and Uttar Pradesh, an officer said on Monday.
Delhi Police have arrested seven individuals, including a former bar singer and an ex-banker, for allegedly posing as CBI officers to conduct fake raids and extort money or valuables in Delhi and Mumbai. The gang reportedly used fake ID cards and notices to intimidate targets.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
If India does get $100 billion a year in FDI, it would be a game-changer in every possible way. FPIs would come rushing back, AI or no AI, points out Debashis Basu.
The Maharashtra Food and Drug Administration has issued a show-cause notice to actors Shah Rukh Khan, Ajay Devgn and Tiger Shroff over their advertisement for Vimal Elaichi, claiming it prima facie amounts to "indirect or surrogate" promotion of prohibited pan masala and tobacco-related products.
India all-rounder Shahbaz Ahmed scored a career-best 167 and took three wickets, helping East Zone enforce a follow-on against North East Zone in the Duleep Trophy quarter-final. East Zone posted 467, then bowled out North East for 111, with Abhijit Sarkar claiming five wickets.
