The Congress party has criticised the government's new 0.4% charge on UPI transactions above Rs 2,000 for merchants, terming it a "Modi tax". Opposition leaders, including Rahul Gandhi and Mallikarjun Kharge, allege that this move will ultimately burden consumers through price hikes and accuse the government of succumbing to American pressure to dilute India's zero-MDR policy. The government states the charge will support banks and fintechs.
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.
China's Tiangong Ultra humanoid robot has set a new 100-metre sprint record of 8.86 seconds at the World Humanoid Robot Games in Beijing, significantly surpassing Usain Bolt's human world record of 9.58 seconds.
The Congress party has criticised the government's recent notification regarding UPI transactions, alleging it paves the way for users to be charged fees, particularly for transactions above Rs 2,000. The party claims the government lacks transparency and questions if the move is to benefit American firms. The government, however, states that charges are necessary for the system's sustainability and infrastructure upgrades, with the Finance Minister clarifying that Merchant Discount Rate (MDR) applies to merchants, not customers.
Prime Minister Narendra Modi has called upon the fintech industry to expand the global footprint of the Unified Payments Interface (UPI), advocating for its integration with international payment systems to reduce remittance costs for the Indian diaspora. Speaking at the Global Fintech Fest, Modi highlighted UPI's current presence in 11 countries and its connection with Singapore's local system, urging further expansion into nations with significant Indian populations or trade ties. He also stressed the need for India to set its own global payment standards and for the fintech sector to innovate beyond payments, focusing on cybersecurity, ethical data protection, and regulatory frameworks.
A new report reveals that enterprise AI investment in India has surged by 119 per cent, exceeding the global average. However, only 22 per cent of Indian organisations have established adequate governance frameworks, creating a significant gap between rapid deployment and safe, scalable AI adoption. This lack of governance impacts operational depth and raises concerns about transparency, regulation, and data privacy.
Civil Aviation Minister K Rammohan Naidu announced significant opportunities for Micro, Small, and Medium Enterprises (MSMEs) within India's rapidly expanding aviation sector. With Indian airlines ordering over 1,600 aircraft and the aerospace market projected to double by 2035, there's a massive scope for Indian suppliers to integrate into global aerospace supply chains, moving beyond assembly to design and manufacturing.
Iranian President Masoud Pezeshkian concluded his visit to India for the 18th BRICS Summit, announcing that Iran and the UAE agreed to move past previous tensions. This diplomatic breakthrough occurred during talks with Abu Dhabi's Crown Prince on the summit sidelines. Pezeshkian also met with PM Modi to discuss bilateral ties and West Asia developments, with Modi emphasising dialogue for regional peace. The BRICS summit adopted the New Delhi Declaration 2026, calling for global governance reforms and de-escalation in West Asia.
External Affairs Minister S Jaishankar visited Kyiv, reiterating India's readiness to assist in ending the Ukraine-Russia war. He emphasised that solutions would not emerge from the battlefield and highlighted Prime Minister Modi's call for an end to the conflict. Discussions also covered humanitarian aid, the impact on commercial shipping, and bilateral trade, with Jaishankar inviting his Ukrainian counterpart to India for further talks.
The third edition of the Viksit Bharat Young Leaders Dialogue (VBYLD) has commenced with a quiz contest, leading to a national finale in January 2027 where young leaders will present their ideas for a developed India to Prime Minister Narendra Modi. The multi-stage event includes essay challenges, district championships, and state-level dialogues, aiming to foster youth participation in nation-building across various thematic areas.
The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.
The Congress party has criticised the Modi government over a notification regarding UPI transactions, alleging it paves the way for imposing fees, especially on transactions above Rs 2,000. Rahul Gandhi claimed the government is surrendering to American pressure, while Mallikarjun Kharge highlighted the potential burden on common citizens amidst inflation. The government's notification prohibits charges on UPI transactions up to Rs 2,000 but remains silent on higher amounts, sparking fears of a "Digital Payments Tax."
Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.
'Regulations give a particular minimum amount of shares to be given in the OFS or IPO -- without which one cannot do the IPO.' 'We got that number on the day of filing of updated DRHP -- sufficient for us to go live with the IPO.'
Executive Chef Kaushik Misra of the Taj Mahal, New Delhi, has meticulously curated an 'India Friendship Menu' for the 18th BRICS Summit delegates, blending India's regional flavours with international comfort foods and culinary references from participating countries.
India's venture capital deal value grew by a modest 5 per cent in the first seven months of the year, significantly lagging the global average surge of 161 per cent, reflecting continued investor caution and valuation discipline.
Chess legend Magnus Carlsen expresses his enjoyment in the game's evolution and new formats but acknowledges his time at the top is "limited." He advises organisers not to tailor the future of chess solely to his preferences, despite his continued participation in events like the Global Chess League. Grandmaster Levon Aronian also weighs in on the sport's growing online popularity and the need for continued innovation to attract wider audiences.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
Chinese President Xi Jinping's upcoming visit to India for the BRICS summit is a pivotal diplomatic event poised to significantly impact bilateral ties and global cooperation amidst ongoing international instability.
Researchers at BRIC-RGCB in Thiruvananthapuram have developed a novel nanopore-based sensing technology. This innovation allows for the early and highly sensitive detection of biomarkers associated with neurodegenerative diseases like Parkinson's and ALS, addressing a critical challenge in current diagnostic methods. The technology, published in Nature Nanotechnology, uses self-assembling dual-diameter nanopore sensors to identify disease-specific biomarkers even at low concentrations.
India has dispatched a fresh tranche of 35 tonnes of humanitarian aid to flood-ravaged Nepal, marking the eighth special flight since devastating flash floods struck the Himalayan nation on August 26. The aid includes relief materials, specialised rescue equipment, and expert personnel, with Indian teams actively assisting in tunnel rescue operations and forensic identification of victims. The death toll has climbed to 1,365, and thousands remain missing as India reaffirms its commitment to supporting Nepal's recovery efforts.
Voltas has announced a joint venture with Atomberg Innovation to manufacture high-efficiency room air conditioner (RAC) compressors, aiming to strengthen localisation and supply-chain resilience. Despite significant volume growth in RACs, the company's margins remain a key concern for analysts.
India's total goods trade with BRICS nations more than doubled from FY21 to FY26, reaching USD 417.5 billion, but a significant surge in imports, particularly from China and Russia, has caused India's trade deficit with the bloc to more than triple, reaching USD 226.1 billion.
'You can't be selfish when you're thinking about nature. It has to be good karma.' 'If we prevent textile waste from going to the landfills, it's good karma.'
BRICS finance ministers and central bank governors have called for increased representation of emerging-market and developing economies in the IMF and World Bank, while also criticising unilateral tariffs and trade measures, as the expanded bloc aims to bolster financial cooperation amidst global fragmentation.
Jakob Ingebrigtsen made a stunning comeback from Achilles surgery to win the men's 5,000 metres at the inaugural World Athletics Ultimate Championship, securing a $150,000 prize. Fellow star Mondo Duplantis also claimed a pole vault title, narrowly missing a world record. The new championship format aims to attract new fans with its high-stakes fields and glitzy production.
During the 18th BRICS Summit in New Delhi, Chinese President Xi Jinping and Prime Minister Narendra Modi held a bilateral meeting, outlining a four-point approach for the steady and long-term development of China-India relations. The leaders stressed strategic understanding, win-win cooperation, mutual respect, and inclusive multilateral engagement, reaffirming their commitment to resolving the boundary question and addressing economic concerns. They also discussed global challenges and strengthening people-to-people ties.
The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.
Leading global technology companies OpenAI, Anthropic, and Google have introduced new AI models with enhanced capabilities, including advanced cybersecurity and coding. However, these releases have ignited significant debate among researchers regarding the transparency and monitorability of AI reasoning, particularly concerning OpenAI's Astra model and its "recurrent depth" architecture.
The FIA has reinstated Red Bull's Isack Hadjar to third at the Monaco Grand Prix, while Alpine's Pierre Gasly was demoted again following the latest appeal verdict.
Param Foundation inaugurates 'ParSEC Whitefield', a 30,000 sq ft experiential science and innovation centre in Bengaluru, designed to engage visitors through interactive exhibits, innovation workshops and public programmes.
A new MoU between the Centre for Cellular and Molecular Platforms (C-CAMP) and Imperial College London has paved the way for deepening India-UK ties in the life sciences sector.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
A government school in Raholi, Tonk, Rajasthan, has launched its own student-run newspaper, 'Raholi Shiksha Samachar' and 'Raholi Education Times', to address the lack of newspaper access in rural areas and provide students with a platform for creativity and journalism skills.
Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.
For India, the goal is not simply to host another grand diplomatic gathering. It is to prove that a diverse coalition of emerging powers can still deliver.
A Microsoft Work Trend Index report reveals India has the highest share of "Frontier Professionals" globally, with 32% of its AI users employing AI agents in multi-step workflows, double the global average. Indian professionals are not just adopting AI but are actively redesigning work processes, demonstrating strong leadership alignment and a focus on human oversight and critical thinking. Major Indian IT firms like Infosys, TCS, and Wipro show rapid adoption and significant productivity gains with Microsoft 365 Copilot.
'My suggestion to Nandan Nilekani is that it would be worthwhile for him to take a holistic review in a manner in which examination is just one critical component.'
The new range brings Ola's 46-series LFP cells to its most affordable scooter lineup aimed at India's mass-market electric vehicle (EV) buyers.
