Punjab & Sind Bank MD and CEO Swarup Kumar Saha clarified that merchants cannot pass on Merchant Discount Rate (MDR) charges to customers for UPI payments, ensuring consumers only pay the displayed price. The new MDR structure, effective October 15, applies a 0.4% charge on P2M transactions above Rs 2,000, with specific flat rates for certain sectors, but small-value transactions remain free.
Umesh Chauhan, a bystander injured during a firing incident near actor Tiger Shroff's car in Juhu, Mumbai, is in stable condition at KEM Hospital. Three suspects have been apprehended in Rajasthan, reportedly planning to flee to Nepal, and one is linked to the Lawrence Bishnoi gang.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
Abhishek Sharma, India's explosive opener, failed to deliver in a crucial series decider in Bengaluru, falling cheaply to Keemo Paul. Commentator Ian Bishop highlighted Sharma's recurring weakness against straight balls targeted at his body, a tactic West Indies bowlers have successfully exploited in recent matches.
India's urban unemployment rate for individuals aged 15 and above marginally increased to 6.7 per cent in April-June, while rural unemployment rose to 4.8 per cent, according to the latest Periodic Labour Force Survey (PLFS). This rise in unemployment coincides with a notable decline in the overall labour force participation rate (LFPR) to a five-quarter low of 54.6 per cent.
New Zealand paceman Jacob Duffy has acknowledged India's 15-year-old prodigy Vaibhav Sooryavanshi as an 'incredible talent' but expects home conditions to challenge the power-hitter in the upcoming Twenty20 series.
A new study indicates that accounting for daily weather variability provides a more accurate estimation of glacier melt, suggesting that glaciers worldwide are losing ice at a faster rate than previously calculated. Researchers found that simulations incorporating daily weather patterns project greater ice loss by the end of the century and a higher contribution to global sea-level rise.
Fitch Ratings has affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, acknowledging robust growth prospects and strong external finances. However, the agency highlighted concerns over elevated government debt, lagging structural metrics, and potential fiscal spending pressures due to rising youth unemployment.
India's overall unemployment rate for individuals aged 15 and above decreased to 5.1 per cent in July 2026, down from 5.5 per cent in June 2026, according to the latest Periodic Labour Force Survey (PLFS) by the National Statistics Office (NSO).
Rohit Sharma credits meticulous preparation, studying opposition bowlers and mental strength for handling pressure, while maintaining strong ODI form ahead of India's upcoming New Zealand and Sri Lanka series.
Members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) have indicated that interest rate hikes may be necessary sooner rather than later, as headline inflation is projected to rise from its current benign levels in the coming months, according to the minutes of the August review.
India's entry-level passenger vehicle market is experiencing a significant recovery, with mini car wholesales surging 86.3 per cent year-on-year in the first half of FY27, driven by improved affordability and stronger overall demand.
India's GST Council has approved changes allowing small online sellers to register in states without physical premises by using an e-commerce operator's warehouse as their principal place of business, aiming to boost national sales for small businesses.
West Indies captain Shai Hope has continued his exceptional form against India, scoring his fourth century and fifth fifty-plus score in seven innings during the ongoing tour. His consistent 'Player of the Match' performances have been crucial, with the series now level at 2-2 heading into the decider on October 17 in Bengaluru. Hope also reflected on the challenging pitch conditions during their recent win.
India's T20 captain Shreyas Iyer stated that young batting talent Vaibhav Sooryavanshi cannot immediately join the playing XI due to the consistent performance of current openers Abhishek Sharma and Sanju Samson, who were instrumental in India's T20I World Cup win.
The Goods and Services Tax (GST) Council is set to discuss proposals aimed at transforming the complex indirect tax system into a more business-friendly regime, focusing on simplifying compliance, reducing administrative burdens, and potentially raising the prosecution threshold.
Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.
From Baadshah to Happy Patel: Khatarnak Jasoos, these spy comedies prove that espionage can be a laughing matter, even when promising premises go sometimes spectacularly off course.
Investors who bought attractively valued IPOs and held on have earned strong returns, particularly when the money raised went into companies rather than into the pockets of exiting shareholders.
Roston Chase calls Shai Hope underrated after his 45-ball T20I century powered the West Indies to a record chase, strengthening the skipper's case ahead of the IPL mini-auction.
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
Jio Platforms Ltd's Rs 30,213-crore initial public offering was subscribed 3.01 times, attracting approximately Rs 66,500 crore in public bids, with qualified institutional buyers oversubscribing their portion by 9.02 times, while retail investor demand remained under-subscribed at 0.68 times.
The Indian corporate sector demonstrated strong credit quality in the first half of FY27, driven by robust balance sheets and healthy liquidity, despite facing risks from elevated crude prices, inflation, and global interest rates.
Shreyas Iyer has climbed to a career-high fourth position in the ICC T20 International rankings for batters, following his strong performance in the ongoing series against West Indies
Shaque: Trust No One has a promising mystery and enough juicy red herrings to keep you guessing, but its convenient writing and dated clichs eventually derail the show.
'In fact, when monetary policy has been deployed, it does not distinguish between types of shocks. It goes straight for the kill.'
Domestic passenger vehicle dispatches in India are estimated to have grown by approximately 21 per cent to 4.60 lakh units in September, with major carmakers like Maruti Suzuki, Tata Motors, M&M, and Hyundai all reporting double-digit growth, driven by increased supplies for the upcoming peak festival season and healthy demand.
Ravichandran Ashwin discusses Bhuvneshwar Kumar's recall to the T20I squad, attributing it to his consistent IPL performance without chasing rewards. He also touches upon Mohammed Shami's potential comeback, his relationships with Jasprit Bumrah and Virat Kohli, and predicts India and South Africa as strong contenders for the 2027 ODI World Cup.
Former IAS officer Divya Mittal has launched her new political party, Jan Neeti Bharat, with the aim of contesting the 2027 Uttar Pradesh assembly elections and redefining governance by making people central to policymaking and ensuring government accountability.
'Separate needs from wants and minimise discretionary spending.'
Seven individuals have been booked in Mumbai for allegedly orchestrating a Rs 3.63 crore cheating scheme. They defrauded 16 people by promising discounted MHADA flats meant for mill workers in Dadar, failing to deliver the properties, and issuing dishonoured refund cheques. The case has been registered at Bhoiwada police station.
India is developing a 'Gross Domestic Knowledge Product' (GDKP) to identify and define its knowledge assets, a move aimed at safeguarding them amidst global efforts to monetise and 'weaponise' knowledge, according to NITI Aayog member R Balasubramaniam.
The goal is to ensure that your bank works for you, providing liquidity and convenience without charging you for the privilege of holding your own money.
The Indian stock market experienced a significant downturn, with the Sensex crashing over 1,000 points and the Nifty hitting a fresh 52-week low, driven by sustained selling from foreign institutional investors, the RBI's monetary policy tightening, and elevated Brent crude prices.
India's wholesale price-based inflation surged to 11.39 per cent in September, up from 9.92 per cent in August, primarily driven by increasing prices of food, manufactured items, and fuel and power.
Reliance Industries Ltd (RIL) has successfully raised a total of Rs 25,000 crore through domestic bond issues in September, including a recent Rs 13,000 crore 10-year bond at 7.90 per cent, as it prioritises funding certainty amidst expectations of a possible RBI rate hike and rising borrowing costs.
UPI transactions saw a 27% volume increase and 20% value increase in the first half of the current fiscal year. Despite a slight moderation in September, the digital payment system is set to implement a 0.4% merchant discount rate on transactions over Rs 2,000, aiming for a sustainable revenue model. Small merchants and person-to-person payments remain exempt, and UPI's global presence continues to expand.
A new study analysing over 33,000 cancer journal articles has uncovered widespread citation manipulation by "research paper mills". These fraudulent organisations artificially inflate citation counts, a key academic performance metric, for thousands of articles. The suspect papers show unusually high citations but low readership, distorting scientific evidence and potentially slowing progress.
Guyanese batter Quentin Sampson, known for his aggressive power-hitting, is attracting attention from IPL franchises, with Chennai Super Kings reportedly among those watching him ahead of the 2027 auction, following his impressive cameo against India.
RBI Governor Sanjay Malhotra reiterated India's cautious stance on cryptocurrencies due to concerns over monetary sovereignty and capital flows, while actively promoting underlying technologies like distributed ledger technology and tokenisation. He also addressed the global rise in public debt and hardening bond yields, attributing it to increased government and private spending, including that driven by AI, and noted the implications of global interest rates on India's monetary policy.
