Professional men's golf league LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, aiming to restructure its business with a $49.6 million loan from Saudi Arabia's Public Investment Fund.
Russian President Vladimir Putin has arrived in India for a three-day visit to attend the BRICS summit and hold bilateral talks with Prime Minister Narendra Modi, focusing on expanding trade, investment, and energy cooperation amidst global geopolitical challenges.
President Donald Trump has announced a promise to issue a USD 5,000 dividend to every adult US citizen if Republicans secure victory in both the House and the Senate in the upcoming midterm elections, citing the nation's economic success under his administration.
Samajwadi Party chief Akhilesh Yadav announced a new dress code of blue T-shirt and jeans for the party's student wing, Chhatra Sabha, along with a two-week student awareness campaign. The move aims to connect with young people in educational institutions, familiarise them with the party's ideology, and promote socialist values. Yadav explained the symbolism of the blue colour, associating it with ideology, democracy, the Constitution, and the 'Bahujan samaj', while jeans represent rebellion and workers. The initiative is part of the party's broader PDA (Pichhda, Dalit, Alpsankhyak, and also Prem, Daya, Apnapan) campaign to establish social justice.
The Indian senior women's rugby sevens team is undergoing a national camp in Kolkata to prepare for the upcoming Asian Games in Nagoya. Coach Terence Joseph and Captain Shikha Yadav emphasise execution, consistency, and building on recent form against strong Pool B opponents like China and Hong Kong China.
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."
Chinese Foreign Minister Wang Yi stated that President Xi Jinping and Prime Minister Narendra Modi reached a crucial consensus during the BRICS summit, agreeing that China and India should be partners, not rivals. The leaders pledged to maintain peace and tranquility in border areas, deepen cooperation, and support each other in multilateral forums, aiming to strengthen the Global South and promote a multipolar world order.
Ben Shelton defeated Frances Tiafoe in an electric U.S. Open semi-final, setting up a title clash with Alexander Zverev. Shelton's victory marks a significant moment for American men's tennis, as he aims to become the first American Grand Slam champion since 2003 and the first Black American man to reach the U.S. Open final since Arthur Ashe in 1972.
Bengaluru is piloting the Jet Patcher technology to efficiently repair smaller potholes without disrupting traffic. This new method, suitable for potholes up to 50mm deep, uses cold-mix technology and allows for quick repairs, offering an alternative to traditional hot-mix methods which are less effective during monsoons and cause traffic congestion. The city aims to expand its use if the pilot project proves successful.
Indian wrestler Nisha Dahia has transformed her mindset, moving past repeated injury setbacks and frustrations to focus on her performance at the Asian Games. After years of questioning her fate, she now embraces a mature outlook, concentrating on hard work and accepting outcomes. Her training with Japanese coach Kosei Akaishi has also enhanced her technical skills, particularly in ground wrestling, making her a more complete athlete as she aims for a major medal.
Veteran spinner Imran Tahir, at 47, attributes his continued success and record-breaking five-wicket haul in the Caribbean Premier League to the motivation provided by his son, who encourages him to play 'one more year'.
'Earlier, Ganeshotsav was social. Now it is all about social media.'
Sebi chairman Tuhin Kanta Pandey acknowledged that all global jurisdictions experienced lower liquidity during the initial implementation phases of the closing auction session (CAS), a stock price determination framework introduced in India on August 3.
Manipal Health Enterprises is set to launch India's largest healthcare initial public offering (IPO) on July 29, aiming to raise Rs 9,275.22 crore to fund expansion and debt reduction, with the issue closing on July 31.
India's Sports Ministry has announced the formation of a 20-member National Sports Election Panel (NSEP), including two former Chief Election Commissioners, to oversee fair elections in national sports bodies. This panel, mandated by the National Sports Governance Act 2025, aims to streamline electoral processes. Additionally, the deadline for applications to the National Sports Tribunal (NST), which will handle sports disputes, has been extended.
The ruling Tamilaga Vettri Kazhagam (TVK) has announced its candidates, K Maragatham Kumaravel and P Sathyabama, for the upcoming October 6 bypolls in Maduranthakam and Dharapuram Assembly seats in Tamil Nadu. This marks the first electoral challenge for the TVK government since its formation, setting the stage for a direct contest with DMK and anticipated participation from AIADMK.
European football's governing body, UEFA, announced a moment of silence and a solidarity banner at all Champions League matches this week to support victims of devastating flash floods in Nepal, where the death toll has risen and thousands remain missing.
The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.
The Indian government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, effective October 15. This move ends nearly six years of fully free UPI payments, though person-to-person (P2P) transfers and small P2M payments remain free. The charges aim to bolster investment in UPI infrastructure, with specific exemptions and caps for essential sectors.
India is set to field a strong contingent at the Asian Games 2026 in Aichi-Nagoya, Japan, from September 19 to October 4, with key athletes like PV Sindhu, Mirabai Chanu, and Lovlina Borgohain leading the charge to defend titles in cricket, kabaddi, and men's hockey.
The Congress government in Karnataka has issued an order limiting the singing of 'Vande Mataram' to its first two stanzas at state programmes, with exceptions for events attended by high-ranking officials. This decision, based on a 1937 Congress resolution, has drawn sharp criticism from the opposition BJP, which labels it "appeasement politics" and an insult to the national symbol.
India is set to face South Korea in the second round of the 2026 Davis Cup Qualifiers in Seoul, aiming to secure a spot in the Final 8 for the first time under the current format. The team, featuring top players like Sumit Nagal and Yuki Bhambri, seeks to end a long wait for a maiden title, building on the legacy of Indian tennis legends.
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.
Madhya Pradesh Power Transmission Company (MP Transco) has successfully eliminated bird-related power failures in the Vindhya region by installing custom-designed bird guards and excreta preventers on high-voltage transmission towers. This initiative not only ensures uninterrupted electricity supply but also protects local wildlife, significantly reducing tripping incidents and promoting bird conservation.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after a three-day slide, driven by strong buying in blue-chip bank stocks and a firm trend in global markets, supported by easing US bond yields and record foreign-currency deposit inflows.
Lamine Yamal has made Champions League glory his primary target, aiming to help Barcelona end their 11-year European drought while embracing greater leadership responsibility.
The Sports Ministry has established a 20-member National Sports Election Panel, including former Chief Election Commissioners, to oversee fair elections in national sports bodies as mandated by the National Sports Governance Act. Concurrently, the deadline for applications to the National Sports Tribunal, which will handle sports disputes, has been extended.
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.
Sri Lanka's interim cricket board is committed to fundamental reforms to ensure the inaugural Women's Champions Trophy in 2027 remains in the country. This comes amidst speculation that the ICC might relocate the event due to government interference in the sport's administration, with the ICC having previously indicated a search for alternative venues.
India's markets regulator Sebi has launched 'Demat 2.0', a pilot project for tokenisation of corporate bonds, enabling atomic settlement through integration with RBI's wholesale CBDC. This new market infrastructure uses Distributed Ledger Technology (DLT) to make bond issuance, trading, and settlement faster and more efficient. India is the first country to issue corporate bonds natively on a distributed ledger with central bank digital currency settlement. Additionally, RBI Governor announced new UPI innovations: 'Tap & Pay' for faster POS transactions and MyUPI, an AI-powered customer support solution.
Indian men's doubles pair Satwiksairaj Rankireddy and Chirag Shetty defeated Malaysia's Nur Mohd Azriyn Ayub and Tan Wee Kiong in a three-game thriller to reach their third China Masters final. The world No. 5 pair showcased tactical brilliance and resilience, overcoming a second-game lapse to secure their spot in the summit clash, where they aim for their second title of the season.
'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.'
Kanpur police are seeking 15 days' custody of Shalu, daughter-in-law of slain pharmaceutical trader Vineet Manocha, for intensive interrogation. Shalu is alleged to be the mastermind behind Manocha's brutal murder, having reportedly hired two men for Rs 6 lakh. Her husband, Subrat, also remains under scrutiny, with police examining call records and deleted messages to uncover the full conspiracy.
SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.
India's fertiliser ministry has introduced a new analytical tool and a national-to-retail dashboard to monitor fertiliser dispatches, movement, and inventories in real time, aiming to prevent localised shortages and ensure equitable access for farmers.
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.
Indian hockey teams will return to their traditional blue jerseys for the Asian Games after a controversial shift to saffron kits sparked widespread criticism and internal discord within Hockey India. The decision to revert to blue was confirmed by HI president Dilip Tirkey, who had previously questioned the saffron kit's adoption without proper approval.
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.
India has been drawn into Group E of the AFC U-17 Men's Asian Cup Qualifiers, alongside hosts Malaysia, Palestine, Singapore, and Guam. The qualifiers will take place in Malaysia from November 11 to 20, with India aiming for their 11th appearance in the main tournament, scheduled for Uzbekistan in 2027.
The Delhi government has signed a Memorandum of Understanding with EkStep Foundation to transform its administrative data into an AI-ready format. This initiative aims to improve governance, enhance public service delivery, and enable proactive, evidence-based decision-making by leveraging artificial intelligence.
