India's deposit growth has reached a 15-year high of 17.8 per cent, primarily driven by a surge in foreign currency non-resident (bank), or FCNR(B), deposits. This influx of funds is expected to lead to a softening of corporate loan rates as banks seek to deploy their excess liquidity.
The British government has announced the rollout of specialist courts for rape and serious sex offences across England and Wales. Backed by significant funding, these courts aim to accelerate conviction rates, prioritise cases, and provide better support for victims, addressing the current low prosecution rates and long delays in the justice system.
Shares of fintech firms, particularly Paytm, saw significant movement after the Indian government introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 made to merchants, effective October 15.
Used-car financing has seen significant growth, but borrowers must be aware of higher interest rates, conservative loan-to-value ratios, shorter tenures, and the risk of owing more than the car's depreciated value. Understanding these factors is crucial for making informed decisions.
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 All India Football Federation (AIFF) is facilitating discounted tickets for members of Mohun Bagan, East Bengal, and Mohammedan Sporting for India's upcoming FIFA tier-1 friendlies against Panama, Brazil, and Uruguay. These high-profile matches will be held in Bengaluru and Kolkata, with the AIFF also planning Fan Parks across districts to promote grassroots football and allow wider viewership. The matches are seen as a significant opportunity for the Indian national team to test itself against top-ranked opponents.
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.
Indian chess teams, both Open and Women's, face a significant challenge to defend their Chess Olympiad titles in Samarkand, Uzbekistan, after crucial losses and a historical 'winner's curse' where no Open section champion has successfully defended their title in the last five editions.
The Indian government has introduced a 0.4% transaction fee on Unified Payments Interface (UPI) payments exceeding Rs 2,000 for merchants, effective October 15, marking the end of nearly six years of free service. Person-to-person transfers and small-value transactions below Rs 2,000 remain free. The new Merchant Discount Rate (MDR) is capped at Rs 300 for transactions above Rs 75,000, with differentiated rates for essential sectors and investments, and safeguards to prevent costs from being passed to consumers.
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.
India's UPI system continues its rapid growth, dominating retail payments. Recent amendments to the Payment and Settlement Systems Act allow for targeted Merchant Discount Rates (MDR) on high-value merchant transactions, aiming to create a self-sustaining revenue model for the ecosystem while keeping P2P and low-value payments free. This move could generate significant revenue and encourage ecosystem participation.
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.
Olympic Council of Asia Director General Husain Al Musallam defended Japan's decision not to have a dedicated Athletes' Village for the Aichi-Nagoya Games, citing cost and sustainability. This comes amidst criticism over accommodation chaos. Musallam confirmed that future Asian Games in Doha (2030) and Riyadh (2034) will feature dedicated villages, emphasising flexibility and legacy considerations. He also supported the increasing number of athletes, highlighting the importance of sport in current global crises.
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.
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.
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 opposition has strongly criticised the government's decision to introduce a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 for merchants, effective October 15. They allege the move is a result of US pressure and will lead to increased commodity prices, calling it a "betrayal" of the common man. The government, however, clarifies that customers will not be charged, and the MDR applies only to merchants for larger transactions.
Hosts Anil Kapoor and Rohit Sharma bring their own brand of charm and humour to two new game shows that promise to make your weekends more entertaining, observes Divya Nair.
Mammootty has played the family man through all its shades, and these 10 films prove just how devastatingly good he can be when he brings the tears along with the warmth.
Dig into the prospectus. Use the prospectus to understand the business and its risks.
The company has also started scouting for land for a new plant, as it plans manufacturing capacity beyond its immediate volume requirements.
Southern chief ministers fear population stabilisation could reduce their parliamentary representation and tax devolution benefits.
The Olympic Council of Asia (OCA) has dismissed concerns about organisational chaos at the Asian Games, attributing criticisms to attempts to "politicise" the event. Despite widespread issues like accommodation scarcity, lengthy check-ins, and athlete complaints, OCA officials insist challenges are normal and are being handled effectively. They also addressed a diplomatic complaint from South Korea regarding a historical figure at a welcome ceremony and defended cost-saving measures like container-style accommodation.
A report by Bain & Company and HealthQuad identifies remote patient monitoring, OT/ICU optimisation, and chronic disease management as key opportunities for Artificial Intelligence in Indian healthcare. The report highlights a shift from experimental AI to real-world applications, driven by government initiatives, increasing EMR adoption, and a robust startup ecosystem. AI's autonomous capabilities are rapidly advancing while costs decrease, creating significant growth potential for providers and startups.
'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'
The Revolutionaries never draws you into its world nor explains the mind and motivation of its heroes or even the mood within a nation they're going through so much trouble for, observes Sukanya Verma.
Infosys Chairman Nandan Nilekani stressed the need for India to develop population-scale tokenisation infrastructure capable of handling billions of transactions, rather than merely focusing on issuing tokens. He highlighted the importance of interoperability, liquidity, and high volumes for tokenisation to expand across various asset classes and use cases.
The Congress party has accused the Indian government of imposing new charges on UPI transactions due to pressure from the United States, specifically to benefit American card companies. The opposition party demanded the withdrawal of the decision, calling it "anti-national" and alleging it fills the coffers of US firms while burdening Indian citizens. The government, however, clarified that the Merchant Discount Rate (MDR) charges apply only to commercial transactions above Rs 2,000 and are not levied on consumers, a stance supported by the BJP which accused Congress of spreading "fake news".
It's A Medical Miracle has a promising superhero premise and some genuinely inventive moments, but a wildly uneven screenplay ultimately squanders its potential.
Sakhi Gokhale is the real surprise in Adkitta, who gives her most mature performance yet, cheers Mayur Sanap.
Dabur India reported a steady performance in Q1 FY27 with 10.6 per cent year-on-year revenue growth, a 12-quarter high, driven by broad-based gains across India and international businesses. However, volume growth, particularly in beverages due to unseasonal rains, and concerns over monsoon impact on rural demand remain key challenges.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
Haiwaan's staggeringly foolish notions make for unintended comedy, rues Sukanya Verma.
Indian head coach Amol Muzumdar acknowledged the absence of 'clutch player' Jemimah Rodrigues due to injury for the Women's Asia Cup but emphasised the team's strong hunger for success in upcoming tournaments, including the Asia Cup and Asian Games.
Last Man In Tower is an unsettling portrait of a society that can turn against one another when greed dangles the promise of a better life, observes Sreeju Sudhakaran.
Immortal has a seductive premise and good performances, but this vampire tale could have used a lot more bite.
Do not share OTPs, PINs, authentication codes, card numbers, card verification values (CVVs), KYC details, security answers, Internet-banking passwords or Aadhaar-based authentication credentials through SMS, e-mail or phone calls.
Leading technology companies OpenAI, Anthropic, and Google have announced new AI models with advanced capabilities, including OpenAI's Astra reaching a "Critical" cybersecurity tier. However, these advancements have ignited a significant debate among safety researchers and netizens, particularly concerning the transparency and monitorability of OpenAI's novel "recurrent depth" architecture.
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.
