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 second season of the Archery Premier League (APL) is set to commence on October 8 in Hyderabad, featuring a strong lineup of India's top archers, including Olympians Deepika Kumari and Atanu Das, alongside 12 international stars like world number one Marcus D'Almeida. The league will showcase 36 Indian archers competing in both recurve and compound categories, with a unique 15-second shot clock designed to enhance competition.
Elena Rybakina secured an unexpected US Open title and the world number one ranking, overcoming a recent ankle injury that had threatened her participation.
India has once again raised alarms over the escalation in the security situation in the Red Sea area and strongly condemned Houthi strikes targeting Saudi Arabian territory, "including on civilians and economic assets."
The ceremonial torch for the Chess Olympiad 2026 in Samarkand, Uzbekistan, was handed over by FIDE Interim President Viswanathan Anand and AICF president Nitin Narang to Uzbek player Javokhir Sindarov. This event marks the official countdown to the prestigious team competition, continuing a tradition started by FIDE in 2022 to build excitement for the global chess event.
India's men's and women's chess teams are set to defend their respective Chess Olympiad titles, with strong lineups featuring world champion D Gukesh and in-form R Praggnanandhaa for the men, and Koneru Humpy leading the top-seeded women's squad.
The Ladakh Marathon, known for its extreme high-altitude route and dramatic landscape, has become a significant attraction for distance runners worldwide. Despite not actively seeking sponsors, the event has garnered strong corporate backing due to its unique vision and the allure of Ladakh. Organisers prioritise runner safety and experience, acknowledging the psychological and physical challenges of racing at such elevations, where oxygen levels are significantly lower.
'And now since Lakshmi Mittal owns Rajasthan Royals, he will never let Vaibhav Sooryavanshi go anywhere. And if it ever happens, not just me... the entire IPL world of owners are waiting.'
The Indian government has confirmed there will be no rollback of the 0.4 per cent Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, effective from October 15. Despite opposition, officials state the decision aims to make the UPI ecosystem self-sustainable and secure, with charges applying only to merchant payments, not person-to-person transactions.
China's dominant table tennis team is preparing for the Aichi-Nagoya Asian Games, bringing a mix of Olympic champions and young debutants. They are wary of the host nation Japan, particularly in the women's game, while also focusing on developing talent for the 2028 Olympics.
India concluded its campaign at the World Archery Para Series Stage III with an impressive tally of 15 medals, including four gold, three silver, and eight bronze, finishing second in the overall medal standings. The event served as a crucial preparatory test for the upcoming Aichi-Nagoya 2026 Asian Para Games.
Badminton star Saina Nehwal, who retired earlier this year due to a chronic knee condition, is enjoying her post-retirement life by travelling the world, recently visiting Universal Studios Hollywood with her mother.
Indonesian hockey players, particularly Ferdian Fathur Rahman and Firdaus Muhammad, are deeply inspired by the Bollywood film "Chak De! India" as they prepare to face India at the Asian Games.
TeamLease EdTech Founder and CEO Shantanu Rooj states that the AI-driven world transition is irreversible, with regulation and cost being crucial factors determining its speed and depth. He emphasizes that while AI will transform jobs, not eliminate them, continuous learning, domain expertise, and adaptability will be key for individuals and businesses to thrive in this evolving landscape. Rooj also highlights the need for universities to adapt their curricula to prepare a future-ready workforce.
Salesforce CEO Marc Benioff has identified a significant opportunity for India as the company transitions its enterprise systems to an AI-first model. He emphasised India's crucial role, leveraging its extensive pool of technology professionals and partners, in this global technological transformation, which he likened to a "Y2K moment" for engineering.
The Saudi-led coalition issued a stern warning to Yemen's Houthi rebels after intercepting a drone targeting Mecca, Islam's holiest city. Describing it as a "hostile and terrorist act," the coalition declared the security of holy sites a "red line" and vowed deterrent measures. This incident marks a significant escalation in the ongoing conflict, with both sides exchanging accusations of military operations and civilian targeting.
'For Indian institutions this year, global peers are outpacing in key areas such as RoI, entrepreneurship, and alumni outcomes.'
Mention Anant Nag to almost anyone in Karnataka and the reaction is immediate: 'Anant? Oh my God! What a fascinating man!' 'Such an intellectual. Such a great speaker. Brilliant actor.'
Thailand women's team batter Natthakan Chantham is attempting to incorporate Suryakumar Yadav's unique 'Supla shot' into her T20 game, despite initial difficulties, and also admires India's Shubman Gill for his effortless batting.
Nawang Tsering of Ladakh won the Silk Route Ultra Marathon, crediting his prior experience at the challenging UTMB in France for his record-breaking performance. Despite experiencing pain and cramps during the 122km race, Tsering maintained his resolve, strategically allowing competitors to lead before overtaking them on steep elevations.
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 Congress party has accused the Modi government of succumbing to US pressure by introducing a 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000 for merchants. The party alleges this move aims to benefit US card companies and links it to broader US actions against India, including tariffs and H-1B visa issues. The government, however, clarifies that consumers will not be charged.
Danish FA President Jesper Moller has renewed calls for FIFA President Gianni Infantino to step down, citing FIFA's refusal to answer 'critical questions' regarding its abandoned proposal to sell commercial stakes in tournaments.
The Finance Ministry has clarified that the decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 was made independently, refuting claims of foreign influence. The ministry stated the policy aims to build a self-sustaining digital payments ecosystem, with MDR funding infrastructure and supporting small merchants.
Aryna Sabalenka expressed her profound disappointment after losing the US Open final to Elena Rybakina, culminating in a furious racket-smashing incident. Sabalenka, who was aiming for a third consecutive US Open title, explained her emotional outburst as a way to release aggression and disappointment following the significant defeat.
Morocco and Spain are locked in a high-stakes contest to host the 2030 World Cup final, with FIFA yet to officially decide the venue for football's showpiece.
The Indian women's hockey team has departed for the Asian Games in Japan, aiming to win the gold medal and secure a direct qualification spot for the 2028 Los Angeles Olympic Games.
Defending champions India experienced significant organisational issues upon arrival in Samarkand for the Chess Olympiad, with players facing a five-hour delay in hotel room allotment. This caused frustration among players and coaches, though organisers assured the situation was being resolved.
Sports Minister Mansukh Mandaviya met with Indian men's and women's hockey teams and officials to review their recent World Cup performance. He urged them to move past the disappointment, identify shortcomings, and focus on the upcoming Asian Games to secure qualification for the Los Angeles Olympics. The minister also discussed the future of the Hockey India League.
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 Union Cabinet has approved a significant increase in the mandatory EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month, a move expected to bring over 51 lakh additional employees under mandatory social security coverage.
Legendary Indian hockey player Harbinder Singh reminisces about India's historic first Asian Games gold medal in 1966, defeating arch-rivals Pakistan. He shares insights into the team's motivation, the challenging final match played with 10 men, and the evolution of hockey over the decades, including concerns about declining domestic spectator interest and India's prospects for future Asian Games.
World number one Aryna Sabalenka defeated Jessica Pegula 7-5, 6-2 to secure her place in the US Open final, expressing her desperation to regain control of her season and her strong desire to complete a 'three-peat' at the hardcourt major.
Trinity Rodman raced 200 miles from Washington to New York after her match to support boyfriend Ben Shelton, arriving just in time to witness his US Open final defeat.
World No. 1 Magnus Carlsen has offered his perspective on the upcoming World Chess Championship, where D Gukesh will face Javokhir Sindarov. Carlsen believes Gukesh should view the challenge as an opportunity to gain rather than a burden to defend, despite considering Sindarov the favourite. He also shared insights into the psychological aspects of the game and his personal preference for rapid chess over classical formats.
This week's OTT releases offer a diverse selection, from Suriya's family drama Vishwanath & Sons and Nikkhil Advani's historical series The Revolutionaries to thrillers like Ghamasaan and international mysteries.
Prime Minister Narendra Modi cautioned against the 'weaponisation' of technology and critical minerals at the BRICS summit, advocating for cooperation to foster shared prosperity. Concurrently, Chinese President Xi Jinping announced plans for an open-source AI ecosystem for BRICS nations, positioning Beijing as a key technology partner amid global AI competition.
Pakistan's cricket team has been fined 50 per cent of their match fee and docked 11 World Test Championship points due to a slow over-rate during their third Test against England in Birmingham, a match they lost by 8 wickets, contributing to a 0-3 series whitewash.
'This rise in foreign exchange reserves was expected given the amount of FCNR(B) flow.'
