The combined market valuation of five of India's top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT giant Tata Consultancy Services (TCS) experiencing the largest decline amidst a bearish trend in domestic equities.
The Indian government has introduced a 0.4% fee on UPI transfers above Rs 2,000 made to merchants, effective October 15, ending nearly six years of free merchant payments. This move led to initial rallies in fintech stocks like Paytm and Mobikwik, though some later pared gains. Person-to-person transactions and small payments remain free for customers, with the fee being a Merchant Discount Rate (MDR).
The Madhya Pradesh High Court has disposed of writ appeals concerning the partial demolition of Ujjain's Shahi Masjid for road widening ahead of Simhastha Kumbh Mela 2028, following an agreement between the Muslim side and the Ujjain Municipal Corporation. The agreement involves removing a smaller portion of the mosque than initially planned, relocating its minaret, and providing alternative shops. This resolution comes after earlier protests and arrests.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a decline in crude oil prices below USD 100 per barrel and optimism surrounding a potential de-escalation of the conflict in West Asia.
Indian benchmark indices, Sensex and Nifty, closed lower on Tuesday, with the Sensex declining 329.91 points to 74,529.08 and the Nifty dipping 85.30 points to 23,329, primarily dragged by underperformance in IT, financial, and capital goods stocks despite positive global market trends and easing crude oil prices.
Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.
Mairaj Ahmad Khan, a 50-year-old Indian skeet shooter, is set to compete in his fourth Asian Games, showcasing remarkable longevity. The article traces his unique journey from a promising cricketer, who even played with Virender Sehwag, to becoming a decorated shooter with Olympic appearances and World Cup medals. Despite past disappointments, Khan approaches the upcoming games with renewed spirit, embodying wisdom gained over decades in sport.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4% Merchant Discount Rate (MDR) on select UPI payments. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI to foster a domestic payment ecosystem and that the MDR introduction aims to create a sustainable revenue model for smaller domestic companies, thereby protecting India's sovereignty in digital payments.
India's real estate sector recorded an unprecedented $9.5 billion in capital inflows during Q3 2026, primarily driven by foreign investors' strong interest in data centres, according to a CBRE Group report.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
Indian benchmark indices, Sensex and Nifty, closed significantly higher, driven by a combination of easing crude oil prices, fresh foreign fund inflows, and a positive trend observed in global equities.
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.
The Indian government has introduced a 0.4% transaction fee on UPI payments above Rs 2,000 for merchants, effective October 15, sparking a political row. The Congress party has labelled it a "Modi tax" and accused the government of succumbing to US pressure, while the BJP has defended the move, clarifying that consumers will not be charged and small vendors are protected. The finance ministry reiterated that the charge is on merchants, not customers.
A trade body in Jharkhand, FJCCI, has urged the Union Finance Minister to withdraw the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants. The body argues that this charge will significantly increase operating costs for businesses, especially MSMEs and retailers, who rely on the current zero-MDR regime for digital payments.
Bollywood celebrities showcased an array of stylish festive looks during this year's Ganpati celebrations, ranging from traditional saris to modern ensembles, setting new trends in festive fashion.
Indian benchmark indices, Sensex and Nifty, saw gains in early trade, driven by a notable drop in crude oil prices and renewed buying interest from Foreign Institutional Investors (FIIs).
Former Rajasthan chief minister Ashok Gehlot has criticised the Centre for introducing a 0.4% charge on UPI transactions above Rs 2,000, alleging the decision was influenced by pressure from the United States and its payment companies like Visa and Mastercard. He highlighted a perceived shift in the government's stance on Merchant Discount Rate (MDR) for UPI, claiming it would ultimately burden consumers and small businesses while benefiting American firms.
The Oppo K14 Lite combines a large display, a capable camera setup and a sizeable 7,000 mAh battery in a sturdy design.
Customs officials in Palakkad seized over 51 kg of ganja, valued at Rs 25.88 lakh, from unattended backpacks at Palakkad Junction railway station. The seizure, made on September 17, followed intelligence about narcotic movement via trains. An investigation is underway to identify those responsible for abandoning the drugs.
IIT Madras has inaugurated a new state-of-the-art robotics laboratory, established with CSR support from Bechtel India. This collaboration aims to accelerate research, innovation, and industry applications in robotics and automation, specifically for the construction and infrastructure sectors, fostering advanced technological solutions and workforce development.
Bengaluru golfer Khalin Joshi secured his third title of the season, winning the inaugural Rs 1 crore Nava Raipur Open 2026 Golf tournament. He finished with a bogey-free three-under 31 in the final nine-hole round, overcoming weather delays and tough competition to claim the victory by one stroke.
Vidarsa K Vinod has become the first female sportsperson from Keralam to win a medal in a shooting event, securing a silver in the women's 10 meter air rifle team event at the 20th Asian Games. This achievement marks a significant milestone for the state and for Vinod, who began shooting in 2018.
Indian benchmark indices Sensex and Nifty opened higher, extending gains from the previous session, driven by a rally in global markets and a slight cooling in crude oil prices. Optimism around a potential meeting between US and Iranian presidents also contributed to positive sentiment.Later both indices pared gains and were trading in red. Track Sensex, Nifty on September 22.
Samsung has expanded its budget smartphone line-up with the launch of the Galaxy A07s in select global markets. Available through the company's website, the new handset comes in three colour choices and two RAM and storage variants, bringing a fresh option to the affordable smartphone segment.
A young Tamil Nadu batter has been fined Rs 1 lakh by the BCCI's Anti-Corruption and Security Unit (ACSU) for violating the Players and Match Officials Area (PMOA) protocol during a Tamil Nadu Premier League game by using his mobile phone. The player, a left-hander who scored two fifties in last year's Ranji Trophy, was texting his girlfriend during the match.
Ajit Agarkar has informed the BCCI he will not continue as chief selector, prompting the board to begin searching for his successor as his contract ends October 4.
Union Finance Minister Nirmala Sitharaman expressed strong confidence in India achieving over 10 per cent economic growth, advocating for increased technology adoption and innovation. She urged overcoming scepticism and highlighted technology's transformative role in agriculture and public sector reforms, while also launching a new fund and book at an IIT Madras event.
RBI Deputy Governor Shirish Chandra Murmu has dismissed concerns that the new Merchant Discount Rate (MDR) on UPI payments above Rs 2,000 will increase cash transactions. He also clarified the 'cash paradox' of rising digital payments alongside cash in circulation, explaining cash's dual role. Murmu further detailed the RBI's extensive regulatory changes aimed at reducing compliance burdens and emphasised that accountability for AI-driven decisions in finance will remain with institutional boards.
'Dance was everything for me. I used to fall, get hurt, but never thought it was a struggle.'
Mumbai Cyber Police have apprehended six individuals, including an IIT graduate and a bank manager, for allegedly defrauding a senior citizen of Rs 1.12 crore through a "digital arrest" scam. The victim was coerced into transferring funds after being threatened with family arrest by impersonators.
Opposition MPs have voiced strong concerns regarding the government's decision to levy a 0.4 per cent fee on UPI payments above Rs 2,000 made to merchants, effective October 15. They argue that this "anti-people" move will negatively impact a large segment of the population, despite the finance ministry clarifying that the charge is on the merchant ecosystem and not directly on customers for P2P or small payments.
The Maharashtra government has declared 265 out of 358 talukas as drought-affected, covering 74% of the state, due to significant rainfall deficit. This declaration activates 'Trigger-1' of the state's drought management framework, leading to the announcement of various relief measures for farmers and residents, including loan restructuring, revenue concessions, and provisions for water and fodder.
Eighteen mainboard IPOs raised Rs 28,976 crore and carry Rs 2.48 trillion of market value -- 8.6 times the capital raised.
The absolute amount of money raised is more than three times the 2 trillion seen before the pandemic (June 2019).
West Bengal Chief Minister Suvendu Adhikari announced the withdrawal of all cases against the Kurmi community filed by the previous TMC government. He also pledged to include Kurmali and Rajbanshi languages in the Eighth Schedule of the Constitution and reactivate the Kurmi Development Board, allocating Rs 50 crore for community development.
The Finance Ministry has dismissed allegations of US pressure influencing the 0.4% Merchant Discount Rate (MDR) on select UPI transactions. It clarified that NPCI guidelines prioritise RuPay credit cards on UPI and do not favour international cards. The ministry also asserted that the MDR, applicable to person-to-merchant transactions above Rs 2,000, is unlikely to increase cash transactions or cause inflation, with measures in place to prevent burdening consumers.
A look at some of the oldest, richest and famous Ganesh pandals in Mumbai.
Actor Arif Zakaria on directors, actors and movies he has done in a remarkable career spanning 40 years.
Chief Minister Mohan Charan Majhi inaugurated the first 'Odisha T-20 League CM Trophy' at Barabati Stadium, aiming to provide a platform for cricketing talents. The league, with ambassadors like Suresh Raina, seeks to identify rural talent and is supported by a significant government investment of Rs 4,124 crore for sports infrastructure development, including new stadiums and the renovation of Barabati Stadium.
Police in Ujjain, Madhya Pradesh, used tear gas to disperse protesters demonstrating against the proposed demolition of a portion of the Shahi Masjid for a road-widening project. The project is aimed at easing pilgrim movement for Simhastha Kumbh 2028, and despite initial protests, local authorities and the city Qazi claim the issue was resolved through mutual consent, with the Chief Minister also setting an example by demolishing part of his ancestral home.
