Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.
The Finance Ministry has refuted allegations that US pressure influenced the decision to levy a 0.4 per cent Merchant Discount Rate (MDR) on select UPI payments. The ministry clarified that the NPCI guidelines prioritise RuPay credit cards on UPI to promote domestic alternatives and ensure a self-sustaining revenue model for smaller domestic companies, countering claims of favouring foreign payment providers.
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.
Indian benchmark equity indices, Sensex and Nifty, closed mixed on Friday. While a drop in crude oil prices offered some relief, weakness in IT stocks and several Tata Group counters, including a significant dip in Tata Chemicals and ongoing boardroom issues at Tata Sons, limited a broader market recovery.
India has attracted foreign direct investment (FDI) worth approximately 4,896 crore across 29 projects since May, following the government's relaxation of norms under Press Note 2 of 2026. The revised rules permit investment without government approval from entities with up to 10 per cent non-controlling ownership by land-bordering countries.
The Bharatiya Janata Party received nearly Rs 1,473 crore at its central headquarters alone during the last five state assembly elections, more than seven times the Rs 207 crore in net receipts reported by the Congress across its central and state units, according to expenditure statements filed with the Election Commission.
West Bengal's Dhruv Singh, Anish Halder, Subha Mita Karmakar, and other young talents have advanced in the All India Sub-Junior (Under-13) Ranking Badminton Tournament held in Kolkata, showcasing strong performances against competitors from across 28 states and five union territories. The tournament features a significant prize purse, encouraging young badminton players.
Smallcap funds topped the net inflow chart for the second consecutive month, as investors poured record Rs 7,973 crore into one of the best-performing MF categories.
'Manoj Kumarji had tears in his eyes after hearing my dad sing Mera Rang De Basanti Chola. He said, 'This is my voice for my desh bhakti songs".'
The Indian government has challenged Congress leader Rahul Gandhi's criticism of levying fees on UPI payments above Rs 2,000 to merchants. The government highlighted that a parliamentary standing committee, which included Congress MPs, had previously backed a tiered Merchant Discount Rate (MDR) framework for UPI. This move aims to ensure the financial sustainability of the UPI ecosystem and reduce its dependence on government subsidies, a concern raised by the committee due to the significant funding gap between allocations and operational costs.
Former Haryana Chief Minister Bhupinder Singh Hooda has criticised the newly introduced fees on UPI payments, stating they will lead to increased inflation for the common man. He dismissed government claims that customers would not be burdened, arguing that merchants would pass on the costs. Hooda demanded the immediate withdrawal of these fees, highlighting that the government's move contradicts its 'Digital India' initiative.
A POCSO court in Assam's Dhubri district has sentenced Utpal Ray to death for the rape and murder of a four-year-old girl in 2023, terming the crime "rarest of rare". The convict also received life imprisonment for rape and other sentences for related offences.
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.
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.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
The incident follows similar harassment cases reported recently in Jamui and Samastipur, raising concerns about women's safety in the state.
A Fast-Track Special Court in Hoshiarpur has sentenced a 33-year-old migrant labourer, Nanke Yadav alias Radhe Sham, to death for the aggravated sexual assault and murder of a five-year-old boy. The court termed it a 'rarest of rare' case, with the death sentence subject to confirmation by the Punjab and Haryana High Court.
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 Bombay High Court has ordered the Maharashtra Food and Drugs Administration (FDA) to pay Rs 5 lakh in compensation to a Pune-based sweets shop. The court criticised the FDA for keeping the shop's license suspended despite a 98 per cent compliance report, calling its policy "strange and perverse."
A widow in Kanpur has alleged that jewellery worth approximately Rs 50 lakh vanished from her State Bank of India (SBI) locker, leading police to register an FIR against the branch manager and unidentified staff members. The complainant, Rashmi Arora, discovered the locker empty after a period of non-operation and a bank merger.
The Delhi Billiards & Snooker Association, in collaboration with NSCI, is organising the NSCI Open 8-Ball Pool Tournament from September 26 to October 5 in New Delhi. The event will feature top players like Sourav Kothari, Sundeep Gulati, Kamal Chawla, Vidya Pillai, and Chitra Magimairaj, competing for a prize purse of Rs five lakh.
A Palghar court has sentenced Madhu Dharma Govari to 20 years of rigorous imprisonment for sexually assaulting a minor boy. The court rejected the defence's claim of improbability in a crowded locality, emphasizing that "bystander apathy" does not undermine a victim's testimony. Forensic evidence and the victim's credible account corroborated the conviction under POCSO Act and IPC.
Buyers should check their scope and triggers and whether they need such policies alongside their regular health insurance.
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.
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.
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.
Haryana is set to host a grand felicitation ceremony on August 7 for its athletes who excelled at the Glasgow Commonwealth Games 2026. Chief Minister Nayab Singh Saini will present cash awards totalling Rs 13.47 crore to 10 medal winners and 13 participating athletes, reinforcing the state's commitment to sports development and recognising international achievements.
India's six publicly listed Real Estate Investment Trusts (REITs) collectively distributed approximately 3,136 crore to over 485,000 unitholders during the first quarter (April-June) of the current financial year (FY27), demonstrating the sector's resilience despite global uncertainties.
From Filhaal to Daayra, we look at Meghna Gulzar's filmmaking journey, including the highs of Talvar and Raazi and the films that fell short.
Ajay Devgn's lease of his Juhu bungalow to a commercial salon has ignited a dispute with his housing society, which is vehemently opposing the move citing the area's residential character and potential disruptions.
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.
Property insurance premium rates are increasing by 25-30 per cent, primarily due to a reduction in discounts, following substantial claims from natural calamities like the Gujarat floods, which caused an estimated 5,000 crore in losses.
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 CBI has registered a case against Arunachal Pradesh environmental activist and lawyer Bhanu Tatak for allegedly receiving Rs 20.94 lakh in foreign funds without mandatory FCRA registration or prior permission. The agency claims these funds were used to organise and sustain protests against two hydropower projects in the state. A preliminary enquiry indicated Tatak received foreign contributions directly into her personal account and did not file income tax returns declaring these funds.
Zepto is sharply scaling back Zepto Cafe, closing hundreds of outlets and shrinking its menu as it reworks the business.
Hospital chain Fortis Healthcare has filed a special leave petition in the Supreme Court against a Delhi High Court order directing a forensic audit into the alleged erosion of assets by its former promoters, Malvinder and Shivinder Singh, during enforcement proceedings initiated by Japanese drugmaker Daiichi Sankyo.
The Congress party has strongly refuted government claims that its MPs on the Parliament Standing Committee on Finance supported a fee on high-value UPI payments. Congress leaders, including Gaurav Gogoi and Manish Tewari, stated that the "UPI tax" proposal was not specifically discussed by the committee, accusing the Modi government of diverting attention from public backlash and appeasing US companies. The government, however, cited the committee's report which pressed for a tiered Merchant Discount Rate (MDR) framework.
Bihar police are investigating multiple past incidents of molestation and moral policing across several districts, including Kishanganj, Banka, and Samastipur, following recent public outrage. These cases, some months or even a year old, involve vigilante groups harassing individuals, often for inter-faith interactions, and have led to arrests and significant political controversy.
Kolkata's Viraj Madappa overcame a three-shot deficit with a bogey-free 64 in the final round to win the Rs 1 crore Chennai Open golf tournament. This marks his fourth professional title, earning him Rs 15 lakh and significantly improving his standing on the DP World PGTI Order of Merit. Ajeetesh Sandhu finished runner-up, while Amardeep Malik and Rashid Khan also secured top positions.
Mirzapur: The Movie has achieved a superhit opening weekend, demonstrating potential to join the Rs 200 crore club, despite being an experimental film adapted from an OTT series without conventional star power.
