Merchants will be subject to an 18 per cent Goods and Services Tax (GST) on the Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, but can mitigate this burden by claiming input tax credit (ITC), according to tax experts.
French football superstar Kylian Mbappe has ended his long-standing partnership with Nike to join the rapidly expanding Swiss sportswear brand On, a move that provides On with a high-profile figure for its entry into football and marks another significant defection for the US giant.
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.
AICC general secretary K C Venugopal announced that the Congress would not withdraw its candidate Milan Pradhan from the Nandigram Assembly bypoll in West Bengal, despite his recent arrest. Pradhan was apprehended in connection with a 2007 anti-land acquisition movement case, shortly after the Trinamool Congress extended its support to him. Venugopal alleged political pressure and questioned the Election Commission's silence, vowing to elevate the issue to a national level.
The Indian government has introduced a 0.4 per cent Merchant Discount Rate (MDR) on UPI payments exceeding Rs 2,000 made to merchants, effective from October 15, with a comprehensive framework set to take full effect by October 15, 2026. This policy aims to regulate transaction fees while protecting small merchants and person-to-person transactions.
Vidarsa K Vinod has made history by becoming the first woman from Keralam to win an Asian Games medal in shooting, securing a silver in the women's 10m air rifle team event in Japan.
A LinkedIn post by Pooja Sahu, detailing her husband Sourabh's sudden layoff from Oracle after 12 years of dedicated service, including working through holidays and even from a hospital, has gone viral, capturing the emotional toll of the tech giant's latest job cuts.
Union Minister Ramdas Athawale stated that opposing reservation is unconstitutional and that the policy would be given up if casteism is eliminated. He highlighted the historical context of reservations for SC/ST and OBCs, and the Modi government's EWS quota. Athawale also criticised the opposition, praised government achievements, and discussed various welfare schemes and infrastructure projects in Chhattisgarh.
Professional men's golf league LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, aiming to restructure its business with a $49.6 million loan from Saudi Arabia's Public Investment Fund.
The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud involving investments made by the Life Insurance Corporation of India (LIC). Anil Ambani has denied any wrongdoing. The LIC alleges criminal conspiracy, misrepresentation, and fraudulent diversion of funds.
The Delhi poll body has issued notices to several prominent voters, including Chief Minister Rekha Gupta and AAP supremo Arvind Kejriwal, for discrepancies in their enumeration forms during the ongoing Special Intensive Revision (SIR) exercise. While Gupta's entry has been validated, millions of other voters, including other political figures, have received notices for issues like age-related mismatches or being unmapped with previous SIR records, requiring them to submit documents by October 29.
The Indian Sports Ministry has sought assistance from the Indian diaspora in Nagoya to help with athlete accommodation at the Asian Games, as several Indian and other athletes have faced delays and issues with their designated lodging due to a lack of a dedicated athletes' village.
BJD chief Naveen Patnaik has voiced concerns over the Centre's decision to introduce Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 from October 15, urging protection for small traders and common people. This move has sparked a political debate, with the BJP defending the charges as beneficial for digital infrastructure and largely not impacting consumers, while the Congress and traders' associations criticise it as an additional burden.
Tax experts clarify that merchants will pay 18% GST on Merchant Discount Rate (MDR) for UPI payments exceeding Rs 2,000, effective October 15. However, registered merchants can claim Input Tax Credit (ITC), mitigating the tax burden. This move is expected to generate significant GST revenue for the exchequer while funding payment infrastructure.
Salesforce has entered a multi-year partnership with FIDE, becoming the title sponsor for the 2026 and 2028 World Championship Matches and the 2027 Women's World Championship Match, and integrating its AI solutions to enhance FIDE's operations, player rankings, and fan engagement.
The 72nd National Film Awards celebrated outstanding contributions to Indian cinema, with Yami Gautam, Kartik Aaryan, Mammootty, Dhanush, and Sanjay Mishra among the prominent winners.
A Delhi court has convicted a couple, Hareena Ray alias Reena and Jeetu Kumar, for abandoning their premature and medically vulnerable infant in a hospital. The court rejected their defence that leaving the child in a medical facility implied an intention for treatment, ruling that their actions demonstrated a clear intent to wholly abandon the child, who later died.
'Major unions should be included. If this goes on, decision-making will become heavily one-sided and we will be forced to continue our strikes.'
Kerala has formed a new Anti-Narcotics Investigation Team to intensify its anti-drug drive, Operation Toofan. This team will focus on high-value drug cases with interstate and international connections, operating from three units across the state. The announcement follows significant drug seizures and arrests, including a major MDMA haul and the apprehension of key network members involved in other serious crimes.
England's white-ball head coach Brendon McCullum has encouraged newly-appointed mentor Kevin Pietersen to actively challenge the team's approach and suggest improvements, leveraging his "incredible pedigree as a player."
Congress candidate Milan Pradhan for the Nandigram assembly bypoll was arrested for alleged involvement in the 2007 anti-land acquisition movement. Another party leader, Subhasish Bhattacharya, was also arrested. The Congress alleges political vendetta by the BJP, especially as Pradhan had successfully filed his nomination. The party has questioned the timing and legality of the arrest, particularly during the model code of conduct, and plans demonstrations.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
Bengaluru-based Remidio Innovative Solutions has secured a patent from the Japan Patent Office for its deep learning system that automates retinal image capture. This new patent enhances their existing intellectual property in Japan, strengthening their integrated AI platform and making retinal screening more accessible and cost-effective.
The Japan Cricket Association (JCA) is set to host its first-ever T20I against reigning world champions India, a landmark event expected to significantly elevate cricket's profile and drive its long-term growth in Japan, according to JCA COO Alan Curr.
Salesforce CEO Marc Benioff highlights India's crucial role in the company's shift to an AI-first enterprise system. He emphasized India's vast pool of technology professionals and partners as key to this transformation, underscoring the country's importance in Salesforce's global strategy.
Delhi Police have arrested a 22-year-old man, Md Lal Babu, and his alleged girlfriend, Rukhsar Khatoon, for the murder of his wife, Sabilla Khatun, in Prahladpur last month. The motive is believed to be their relationship. The arrests followed an extensive multi-state investigation involving over 300 CCTV cameras. Lal Babu's cousin, Md Osama, was also arrested for aiding his escape.
The BCCI's member units have authorised office-bearers to make a decision regarding the extension of chief selector Ajit Agarkar's contract, which is set to expire early next month, and to fill vacancies in the junior selection committee.
Indian firm Bharat Forge and US defence major Pratt & Whitney Canada have announced a collaboration to support the development of India's high-altitude, long-endurance (HALE) unmanned aerial vehicle. This partnership involves integrating advanced turboprop engines into a DRDO-designed UAV, bolstering India's indigenous defence capabilities under the Aatmanirbhar Bharat initiative.
The US House of Representatives has passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, authorising President Trump to impose sanctions on Russia's energy sector and tariffs on countries like India and China that purchase Russian oil and gas. The legislation aims to curb Russia's ability to evade existing sanctions and reduce global dependence on its energy exports, despite some Democratic opposition to increased tariff authority for the President.
The Indian government has introduced a 0.4 per cent charge on UPI payments exceeding Rs 2,000 made to merchants, with a cap of Rs 300 for transactions of Rs 75,000 and above. This policy shift ends the zero-MDR regime, which was previously criticised by financial institutions. While essential sectors and capital markets have specific fee structures, small merchants with monthly UPI QR code earnings up to Rs 1 lakh remain exempt. Person-to-person transfers are unaffected, and measures are in place to prevent merchants from passing these costs to customers.
The state-run Pakistan Sports Board is only funding a fraction of the country's 248-member Asian Games contingent, with many athletes and officials relying on federations, the POA, or self-financing. The Pakistan Olympic Association secretary, Khalid Mahmood, confirmed that self-funded medal winners would be compensated and highlighted Pakistan's medal hopes across various disciplines.
A CBI court in Dehradun has acquitted Acharya Balkrishna, general secretary of Patanjali Yogpeeth, in a 15-year-old passport forgery case. Co-accused Naresh Chandra Dwivedi was also acquitted. The case, initiated in 2011 by the CBI, alleged Balkrishna obtained an Indian passport using forged documents, claiming he was a Nepali national.
Bank of Baroda has launched 'bob World 2.0', an AI-powered mobile banking app featuring voice-command capabilities for payments and navigation. The updated app also includes a personal finance management module and a persona-based customer experience, aiming to offer intuitive, secure, and personalised banking services.
'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.'
Five southern states are stepping up coordination on delimitation, tax devolution and language issues, reviving calls for a stronger collective South platform.
A woman in Lucknow was filmed clinging to the bonnet of a moving car before being struck by the vehicle as the driver sped away. Police have registered an attempt-to-murder case against the driver, who has been detained, following the incident which reportedly stemmed from a dispute between the two, who were previously friends.
An Indian firm, Bharat Forge, and US defence major Pratt & Whitney Canada have announced a collaboration to develop India's high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV). This partnership will focus on integrating advanced turboprop engines into the DRDO-designed HALE UAV, bolstering India's indigenous defence capabilities under the Aatmanirbhar Bharat initiative. The collaboration aims to enhance India's strategic self-reliance in surveillance and reconnaissance technology.
Olympic silver medallist Vijay Kumar has urged the 30-member Indian shooting contingent for the Asian Games to prioritise individual medals over team events. He also highlighted the need for significant improvements in coaching, advocating for more former international medallists in the system, and stressed the importance of better grassroots talent identification, drawing comparisons with China. Kumar also commented on the void left by coach Jaspal Rana's death and questioned recent selection policies.
Domestic passenger vehicle dispatches in India surged by 36.5 per cent year-on-year to 4,39,309 units in August, marking the highest ever sales for the month, according to the Society of Indian Automobile Manufacturers (SIAM).
The Brics proposal for a Grain Exchange, aimed at challenging the dominance of Western trading firms, faces significant operational and implementation hurdles, including settlement currency, regulatory frameworks, and limited participation from key members like India, according to experts.
