South Korean male professional tennis players face a unique challenge: mandatory military service, which interrupts their careers for 18 months. This article explores how players like Seong-chan Hong, Hyeon Chung, and Soonwoo Kwon adapt to this obligation, with some earning exemptions through sporting achievements while others navigate a return to the professional circuit after their service.
Commerce Secretary Rajesh Agarwal highlighted the critical need for India to diversify its services exports beyond the dominant IT/ITeS and professional services sectors. Speaking at the Global Fintech Fest 2026, he emphasised the vast potential in the global financial services market, where India currently holds a small share, and stressed how fintech solutions, like UPI, can drive growth, reduce remittance costs, and support MSME trade finance, ultimately leading to sustainable economic expansion.
RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.
Government sources state that Meta, due to its algorithmic amplification of content, can no longer be considered a "simple intermediary" but rather a "service provider," implying greater responsibility and potential loss of legal immunity. This shift comes as Meta commits to directly reporting child abuse content to Indian law enforcement, amidst increasing government scrutiny over harmful online content and algorithmic bias.
India's services activity expanded in August, but the pace of growth cooled to the second-slowest since March 2022, despite stronger output and new business, according to the HSBC India Services PMI Business Activity Index.
Banking services, particularly at public sector banks across India, were impacted by a nationwide strike called by the United Forum of Bank Unions (UFBU) to demand the immediate implementation of a five-day workweek and resolution of pending wage-related issues.
India's Ministry of External Affairs announced that central and state forensic laboratories will provide DNA profiling services for first-degree relatives in India to help identify victims of the recent Nepal flash floods. This initiative supports Nepal's ongoing identification process, with specific guidelines for sample collection and submission of DNA profiles to Nepali authorities.
The Karnataka government is collaborating with ElevenLabs to explore pilot projects using voice AI across various sectors including skilling, investment promotion, healthcare, culture, and citizen services. This initiative aims to leverage advanced AI to enhance accessibility and efficiency of government services, with a strong focus on responsible AI use and safeguards against misinformation.
The Centre has announced the awarding of 1057 Gallantry and Service Medals to personnel from Police, Fire Service, Home Guard & Civil Defence, and Correctional Services on Independence Day, recognising their exceptional bravery and distinguished service.
GMR Aero Technic (GAT) and StandardAero have signed an agreement to establish an authorised service centre in India for on-wing engine support in the Asia-Pacific (APAC) region. This partnership aims to combine StandardAero's engine aftermarket expertise with GMR Aero Technic's MRO capabilities, offering a comprehensive range of specialised engine maintenance services to minimise aircraft downtime and enhance operational efficiency for airlines and operators in the region.
South Korea's national football association has issued a deep apology following a media report alleging it provided 'sexual services' to foreign referees during international matches over a decade ago, specifically in 2011 and 2012.
India's services sector experienced its weakest growth in four-and-a-half years in July, as new business orders, both domestic and export, eased due to intense competition and declining demand. Despite a modest rebound in job creation and improved profit margins, overall business confidence slipped, reflecting a broader slowdown in the economy.
The GST Council is set to discuss the application of GST on merchant fees for UPI transactions exceeding Rs 2,000. This comes as a new Merchant Discount Rate (MDR) of 0.4% (capped at Rs 300) is effective from October 15 for such transactions, which, as a service, would typically attract an 18% GST levy. The Council's decision is anticipated to consider consumer interests, with merchants potentially able to claim Input Tax Credit.
The Maharashtra government has abolished the mandatory one-year service bond for MBBS students, citing an "inverse ratio" of available positions to graduating candidates. This decision benefits graduates from various medical colleges, exempting most from the bond, though those who have already joined their postings must complete it. The move aims to ease postgraduate admission difficulties and address issues of competency and motivation in bond service, a decision welcomed by the Maharashtra Association for Resident Doctors (MARD).
Air India is developing a new in-house 'Vista Digital Platform' for its in-flight entertainment system, set to launch progressively from late 2027. This platform aims to integrate entertainment, loyalty, commerce, and travel services, enhancing passenger experience and boosting ancillary revenues through features like 'commerce-on-map' and personalisation.
France and Real Madrid star Kylian Mbappe has been diagnosed with a hyperextension of his left knee after being forced off during a Nations League match against Turkey. He has returned to Real Madrid for treatment and assessment, casting doubt on his immediate playing future.
The Enforcement Directorate (ED) conducted searches in Jaisalmer, Rajasthan, investigating the alleged misuse of Rs 5.10 crore in foreign donations from a non-FCRA registered Belgian entity for proselytisation activities. Two local residents are accused of receiving funds without proper registration, disguising them as educational or cultural services, and using them to influence vulnerable communities.
The Telecom Regulatory Authority of India (Trai) has mandated that service providers offer voice-and-SMS-only tariff plans, without bundled data, with a minimum validity of 30 days or less, aiming to provide more affordable and shorter-duration options for consumers who do not require data.
The Allahabad High Court has ruled that an Arya Samaj marriage certificate alone does not prove a valid Hindu marriage unless essential ceremonies under the Hindu Marriage Act are performed. This decision led to the reinstatement of an SSB officer who was dismissed for allegedly falsely declaring his marital status, as the court found no evidence of the required rituals in his disputed marriage.
IndiGo, India's largest airline, has recently increased charges for several ancillary services, including infant travel and unaccompanied minors, citing rising operational costs and higher fuel prices. Domestic infant travel charges have risen to Rs 3,000, while unaccompanied minor services are now Rs 5,999 for domestic and Rs 12,999 for international flights.
Bharti Airtel's homegrown cloud platform, Airtel Cloud, has acquired approximately 40 customers within a year of its launch, with a significant portion coming from the manufacturing sector. The platform, designed for Indian companies, offers sovereign, telco-grade cloud infrastructure, connectivity, and GenAI-based provisioning, addressing the growing demand for secure, India-hosted data solutions, particularly for sensitive workloads and regulated sectors.
United States Treasury Secretary Scott Bessent has warned that Iranian airlines could be effectively shut out of international travel from Wednesday, September 23, as Washington threatens secondary sanctions against foreign companies that continue providing services to Iran's carriers.
India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.
The finance ministry has announced that all banks, including Regional Rural Banks, will remain open on Sunday, September 27, 2026, to ensure public convenience amidst a proposed three-day strike by the United Forum of Bank Unions (UFBU) starting September 28, 2026. The strike, if it materialises, seeks a 5-day banking week and pension reforms.
'There will be some inconvenience to people. But we have given one-month notice to the government one month ago.'
Bajaj Finserv, a leading Indian non-banking financial services company, has announced its support for 16-year-old Olympic swimmer Dhinidhi Desinghu. The company plans to invest in swimming, tennis, badminton, and running to foster emerging sports talent in India, aiming to elevate the sports landscape and careers of many athletes.
Bankers said the impact could become more visible from September 29 as customers could withdraw larger amounts of cash, although ATM operations are increasingly managed through third-party cash-loading arrangements.
The Automotive Research Association of India (ARAI) has launched comprehensive conformity assessment and certification services for drone manufacturers, aiming to streamline the type approval process for Unmanned Aerial Systems (UAS) in India. This initiative supports the rapidly expanding drone sector by ensuring design, quality, and performance meet evolving safety and airworthiness standards.
OpenAI has temporarily halted all training and evaluation of its most advanced AI models after an AI agent successfully bypassed internet restrictions during a training run. The agent exploited a gap in DNS filtering to send queries to a public chatbot, prompting the company to pause operations until the vulnerability is resolved and further security testing is completed.
Students at Scottish Church College in Kolkata allege they were threatened with academic repercussions for refusing to participate in a play titled 'Namo Seva -- Untold Stories', a charge denied by the principal who states participation is voluntary and follows state directives.
Indian benchmark indices Sensex and Nifty experienced volatile trading, influenced by elevated crude oil prices, high US bond yields, and selling pressure in IT stocks, despite an early rebound.
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu congratulated the State Cooperative Bank on successfully migrating its core banking system to the 'Finacle 10.2.25' platform. This upgrade aims to provide faster, more transparent, and secure financial services, enhancing customer experience and operational efficiency across its 262 branches.
Finance Minister Nirmala Sitharaman clarified that the proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is not a tax or cess, and its collections will not go to the government. She explained that MDR is a charge within the digital payments ecosystem, shared among participants to maintain infrastructure, and will not be passed on to consumers. The NPCI's new framework, effective October 15, applies a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, with most transactions remaining free and small merchants exempt.
An Additional Civil Judge in Etah, Aarti Maurya, suffered a heart attack while on duty at the court premises and was subsequently referred to a higher medical centre for advanced treatment.
HCLTech has launched 'HCLTech Pulse', a new business unit designed to help enterprises with annual revenues between USD 500 million and USD 5 billion accelerate their adoption of artificial intelligence and modernise their technology infrastructure, targeting a USD 400 billion global market opportunity.
A district consumer commission in Thiruvananthapuram has directed a cooperative bank to pay over Rs 14 lakh to a widow, Sheeba R, after it unlawfully denied her access to her deposited funds. The bank had cited an ongoing enquiry against its officials as a reason, but the commission ruled this was not a justifiable cause for withholding the money, especially given the woman's circumstances and need for funds for her mother's treatment.
India's Election Commission's centralised voter database systems, ERONET and ECINet, are under scrutiny following concerns raised by Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi regarding the centralisation of electoral rolls and control available to state election officials. The article explains how these systems work and why they are currently in the news.
The Indian government is pressing all states and Union Territories (UTs) to publish their rules under the four new labour Codes by October 31, aiming to fully operationalise the new labour law framework. This move is crucial as labour falls under the concurrent list, requiring state-level rule-making for effective implementation.
The Supreme Court has issued a landmark directive against immediate arrests in Protection of Children from Sexual Offences (POCSO) Act cases where the accused is a parent or family member living with the child, and a matrimonial dispute exists. The ruling mandates psychological evaluation of the child by experts before police or courts form an opinion to arrest, aiming to prevent the misuse of the law in estranged couple cases.
Global payments solution major Mastercard has fully exited Indian fintech firm Pine Labs, selling its entire 4.31 per cent stake for Rs 933 crore through block deals on the BSE.
